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Amazon Select Payment Drops 20% in November
November was the first full month that overseas customers with Amazon Prime were able to borrow a Kindle eBook from participating publishers for free. Apparently they rushed to do so, because in spite...
View ArticlePearson Invests $89.5 Million In Nook Media, After Disappointing Holiday
Nook Media--the entity formed in 2012 that owns Barnes & Noble's Nook business and their college bookstores--has its second major strategic investor, joining Microsoft: As of December 21 Pearson...
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Doris Cooper has been promoted to vp, associate publisher at Clarkson Potter, continuing to report to Pam Krauss. At Blue Rider Press, Sarah Hochman has been promoted to executive editor. Fast-growing...
View ArticleDOJ Approves Penguin Random House Merger
The US Department of Justice has provided an unexpected Valentine to Penguin and Random House: The department notified Bertelsmann and Pearson "that it has closed its investigation into the proposed...
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Is There An Exit Strategy For Small Publishers?
Whether you are a self publisher or a small publisher with less than seven figures a year in sales, you’re in for a challenge if you want to sell your business. Because I’ve written on the subject of...
View ArticleAs Amazon Buys Goodreads, Some Look to Alternatives
The basics have been well reported within minutes of Amazon's announcement on Thursday after the close the of market. In what is widely recognized as a very smart move by the retailer, they have an...
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The new controlling owners of the Agatha Christie estate have signed with William Morris Endeavor for exclusive representation of all facets of the estate, "expanding its reach across television, film...
View ArticleAuthor and TV personality Gail Vaz-Oxlade liberates geo-locked content as blog
Here’s an interesting story from one of my favorite financial writers, Gail Vaz-Oxlade. The Beloved and I are devotees of her ‘jar’ system for budgeting, and my diligence at applying her simple...
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At Bloomsbury, Rachel Mannheimer has been promoted to editor, and Melanie Sankel has gone from associate director of sales for Fairchild Books to director, adoption sales at Bloomsbury Academic. After...
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New York Mayor Michael Bloomberg officially has declared Tuesday as "G.P. Putnam's Sons Day," in recognition of the publisher's 175th anniversary. Bloomberg said: "The story of G.P. Putnam's Sons has...
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Sarah Harrison Smith has been named children's editor at the New York Times Book Review. She was most recently on the paper's metropolitan desk. Scholastic unveiled the new cover designed by Kazu...
View ArticleChina Signs Off; Penguin and Random House to Merge In July
China's antitrust authority has "cleared the planned merger of Penguin Group and Random House without conditions," the two publishers reported, and they "welcome the Beijing authorities' decision as an...
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Bill Harris has joined BookEnds Literary Agency as director of digital content. Formerly a senior managing editor at Penguin, he has most recently been a freelance editorial and web development...
View ArticleSpringer Decides on IPO; Pottermore Offers More
The longstanding efforts by private equity owners EQT and the Singaporean sovereign-wealth fund to sell Springer Science have taken yet another twist. They will walk away from BC Partners' recent offer...
View ArticleWith The Merger Complete, Some of Penguin Random House’s Next Steps
Following the merger of Penguin and Random House into a single global entity, a new corporate website is already live, complete with a merged company history and new @penguinrandomhouse.com email...
View ArticleLynch Resigns as Barnes & Noble CEO; Huseby To Oversee Nook Media, Reporting...
After the close of the market Monday Barnes & Noble announced that after three years as chief executive officer, William Lynch has resigned effective immediately, a significant move in light of the...
View ArticleBarnes & Noble Increases Historical Earnings, Pays Lynch Severance, and...
Barnes & Noble filed restated historical financial statements with the SEC after concluding that they had "overstated certain accruals for the periods prior to April 27, 2013, as a result of...
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And If Inflation Never Returns
Authors who manage to make a living without writing bestsellers tend to worry about their future income. That’s because authors who make a living without writing bestsellers aren’t stupid. I plotted...
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Director of publicity for Bloomsbury Children's and Walker Children's Katy Hershberger is leaving. She will start next week as an associate director of publicity for Simon & Schuster Children's, as...
View ArticleBriefs: More Funding for Open Road; Commonwealth Book Prize Discontinued; And...
Open Road Integrated Media announced it has received $11 million in Series C funding led by private equity group NewSpring Capital (whose technology fund NewSpring Growth Capital III supplied $8...
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