Canongate sells controlling stake in Text Publishing

Written By: Graeme Neill Publication Date: Mon, 03/10/2011 - 15:21 Canongate has sold its controlling stake in Australian publisher Text Publishing to Maureen and Tony Wheeler, the founders of Lonely Planet. The deal, for an undisclosed sum, generates a "sizeable" amount of cash to invest into the Scottish publisher. Text Publishing founders Michael Heyward and Penny Hueston will retain their shares, with Heyward remaining publisher and managing director. The two publishers will continue to work together on acquiring books and authors. read more Continue reading at 'The Bookseller'

[ The Bookseller | 2011-10-03 00:00:00 UTC ]
News tagged with: #lonely planet #controlling stake #text publishing

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