A group of private foundations led by the J. Paul Getty Trust is set to purchase the complete photography archive of Johnson Publishing—which comprises some 983,000 photographs and 3.35 million unprocessed negatives from Ebony and Jet magazines dating back to 1948—after submitting a winning $30 million bid in a bankruptcy auction in Chicago on Wednesday morning. Johnson, which sold Ebony and Jet to the private equity firm Clear View Group in 2016 after seven decades of ownership, had sought to sell off the archive, its most valuable remaining asset, in order to satisfy outstanding debts after filing for Chapter 7 bankruptcy in April. Led by the Getty Trust—which operates a pair of art museums in Los Angeles and claimed a total endowment of $7.3 billion as of 2018—the purchasing group also includes the Ford Foundation, the MacArthur Foundation and the Andrew W. Mellon foundation. A rep for the Getty Trust did not immediately respond to a request for comment. After an initial auction held on July 17 yielded a winning bid of just $12.8 million, the deadline was extended to Wednesday morning after a "truly remarkable" level of interest from multiple parties, according Chapter 7 trustee Miriam Stein, with the sale price eventually arriving at $28.5 million, plus the $1.5 million deposit required in order to participate in the proceeding. A hearing to approve the sale will be held Thursday, with the deal expected to be completed on Friday. Chicago-based advisory firm Hilco... Continue reading at 'Folio Magazine'
[ Folio Magazine | 2019-07-25 17:18:02 UTC ]
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Usborne has acquired a new girls' series by author Tamsyn Murray, with plans to publish the... Continue reading at The Bookseller
[ The Bookseller | 2013-02-21 00:00:00 UTC ]
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Headline has acquired The Submissive Trilogy, which originated as fan fiction inspired by the... Continue reading at The Bookseller
[ The Bookseller | 2013-02-15 00:00:00 UTC ]
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Hardie Grant UK has acquired The Pepperpot Club: A Celebration of Caribbean Cuisine by Jonathan... Continue reading at The Bookseller
[ The Bookseller | 2013-02-15 00:00:00 UTC ]
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Five years old today, Paris-based literary magazine ActuaLitté has just acquired Neverending Stories, the first French website dedicated to children’s and YA books. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2013-02-15 00:00:00 UTC ]
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Constable & Robinson has acquired a second cookery book from the 2011 winner of "The... Continue reading at The Bookseller
[ The Bookseller | 2013-02-15 00:00:00 UTC ]
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France’s leading books website Actualitté.com has acquired the children’s and... Continue reading at The Bookseller
[ The Bookseller | 2013-02-14 00:00:00 UTC ]
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Coronet has acquired the TV tie-in book to comedy series "Bad Education". Editorial... Continue reading at The Bookseller
[ The Bookseller | 2013-02-07 00:00:00 UTC ]
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Agent Juliet Mushens has joined Jonathan Conway at The Agency Group, as it opens a new UK... Continue reading at The Bookseller
[ The Bookseller | 2013-02-05 00:00:00 UTC ]
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Virago Modern Classics has acquired the full fiction backlist of novelist Mary Renault, including... Continue reading at The Bookseller
[ The Bookseller | 2013-01-31 00:00:00 UTC ]
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Tor has acquired a new trilogy by Charles Stross, with Tor US and Tor UK making a joint... Continue reading at The Bookseller
[ The Bookseller | 2013-01-29 00:00:00 UTC ]
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The group title under which the combined lists of Frances Lincoln, Aurum Press, Jacqui Small,... Continue reading at The Bookseller
[ The Bookseller | 2013-01-25 00:00:00 UTC ]
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HC imprint Avon has acquired the rights to two thrillers from blogger Luca Veste. Avon editor... Continue reading at The Bookseller
[ The Bookseller | 2013-01-24 00:00:00 UTC ]
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Faber has bought non-fiction title Holloway by writers Robert MacFarlane (pictured) and Dan... Continue reading at The Bookseller
[ The Bookseller | 2013-01-24 00:00:00 UTC ]
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Smiths News has moved to further increase Bertrams' library sales to Northern Europe and... Continue reading at The Bookseller
[ The Bookseller | 2013-01-21 00:00:00 UTC ]
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Granta has acquired a “searing short novel”, The Dig, by Welsh author Cynan Jones.... Continue reading at The Bookseller
[ The Bookseller | 2013-01-14 00:00:00 UTC ]
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Union Books has acquired a "strikingly original" non-fiction debut, The Will to... Continue reading at The Bookseller
[ The Bookseller | 2013-01-14 00:00:00 UTC ]
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Random House has Random House Films. Macmillan has Macmillan Films. And Penguin? Although the house has been low-key about the ways it has begun to dip its corporate toes into film production, and Hollywood, it, too, is making inroads there. One way is with Penguin Development Group. Continue reading at Publishers Weekly
[ Publishers Weekly | 2013-01-11 00:00:00 UTC ]
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Egmont Press has acquired a debut historical fiction title, The Executioner's Daughter, by TV... Continue reading at The Bookseller
[ The Bookseller | 2013-01-08 00:00:00 UTC ]
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Bath-based AudioGO has bought US audiobook publisher Blackstone Audio from founders Craig and... Continue reading at The Bookseller
[ The Bookseller | 2013-01-03 00:00:00 UTC ]
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