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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Written By: Charlotte Williams Publication Date: Wed, 23/11/2011 - 08:05 Faber has acquired a title by debut author Eugen Ruge, winner of this year's German Book Prize. Editor Sarah Savitt bought UK and Commonwealth rights to the title, In Times of Fading Light, from Katie Dublinski at... Continue reading at The Bookseller
[ The Bookseller | 2011-11-23 00:00:00 UTC ]
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Japanese e-commerce company Rakuten said on Tuesday that it plans to acquire Canadian ebook and e-reader company Kobo in a bid to expand in the area of media... Continue reading at PC World
[ PC World | 2011-11-09 00:00:00 UTC ]
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Publication Date: Thu, 03/11/2011 - 15:00 Oneworld has acquired the third novel by The Book of Night Women author, Marlon James. Publisher Juliet Mabey acquired UK and Commonwealth rights in a strong five-figure pre-empt from agent Claire Roberts at Trident Media Group. Lined up for... Continue reading at The Bookseller
[ The Bookseller | 2011-11-03 00:00:00 UTC ]
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Written By: Graeme Neill Publication Date: Tue, 01/11/2011 - 09:35 HarperCollins has bought US religious publisher Thomas Nelson for an undisclosed sum. The deal is expected to go through by the end of the year. Thomas Nelson currently publishes the US bestseller Heaven is for Real. read more Continue reading at The Bookseller
[ The Bookseller | 2011-11-01 00:00:00 UTC ]
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Written By: Charlotte Williams Publication Date: Tue, 01/11/2011 - 09:30 Harvill Secker has acquired a Swedish crime trilogy by television scriptwriter Alexander Soderberg. Publishing director Liz Foley bought UK and Commonwealth rights, excluding Canada, in the series, The Andalucian Friend,... Continue reading at The Bookseller
[ The Bookseller | 2011-11-01 00:00:00 UTC ]
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Written By: Benedicte Page Publication Date: Tue, 01/11/2011 - 09:25 Suffolk County Council is proposing setting up a charitable trust to run its 44 libraries. read more Continue reading at The Bookseller
[ The Bookseller | 2011-11-01 00:00:00 UTC ]
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Written By: Katie Allen Publication Date: Thu, 27/10/2011 - 14:15 Solaris Books has acquired the sequel to Helix by sci fi author Eric Brown. Editor-in-chief Jon Oliver acquired UK and US rights in Helix Wars in a deal with agent John Jarrold. The title will be delivered in spring 2012 with... Continue reading at The Bookseller
[ The Bookseller | 2011-10-27 00:00:00 UTC ]
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Written By: Lisa Campbell Publication Date: Tue, 18/10/2011 - 09:00 AD Miller's Snowdrops and Carol Birch's Jamrach's Menagerie are the bestselling books in the Man Booker shortlist on the high street, ahead of the prize's announcement this evening. read more Continue reading at The Bookseller
[ The Bookseller | 2011-10-18 00:00:00 UTC ]
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Written By: Charlotte Williams Publication Date: Tue, 18/10/2011 - 07:00 Saltyard Books has bought two books about Prashad, the Indian restaurant run by the Patel family in Bradford which narrowly missed out on Gordon Ramsey's Britain's Best Restaurant award. Saltyard Books publisher Elizabeth... Continue reading at The Bookseller
[ The Bookseller | 2011-10-18 00:00:00 UTC ]
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Written By: Charlotte Williams Publication Date: Fri, 07/10/2011 - 10:59 Penguin has acquired a diary written during the Second World War by a teenage concentration camp internee, striking a deal directly with the author at her home in Prague. Viking publishing director Venetia Butterfield... Continue reading at The Bookseller
[ The Bookseller | 2011-10-07 00:00:00 UTC ]
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Written By: Charlotte Williams Publication Date: Thu, 06/10/2011 - 08:40 Jonathan Cape has acquired a second novel from the John Llewellyn-Rhys prize-winning author Evie Wyld. Senior editor Alex Bowler acquired UK and Commonwealth rights to Wyld's All the Birds, Singing from Laetitia... Continue reading at The Bookseller
[ The Bookseller | 2011-10-06 00:00:00 UTC ]
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Written By: Katie Allen Publication Date: Thu, 06/10/2011 - 08:45 Philip Roths tale of a polio epidemic has been shortlisted for the £25,000 Wellcome Trust Book Prize, with a six-strong shortlist that sees four novels in the running. read more Continue reading at The Bookseller
[ The Bookseller | 2011-10-06 00:00:00 UTC ]
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Publication Date: Wed, 05/10/2011 - 14:15 Omnibus Press is to publish a biography of double Grammy-winning singer Adele, penned by The Bookseller's non-fiction previews editor Caroline Sanderson. Omnibus commissioning editor David Barraclough acquired world, all English and electronic rights to... Continue reading at The Bookseller
[ The Bookseller | 2011-10-05 00:00:00 UTC ]
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Written By: Charlotte Williams Publication Date: Tue, 04/10/2011 - 10:15 Chatto & Windus has acquired a second book by the author of the bestselling memoir The Hare with Amber Eyes Edmund de Waal. Editorial director Clara Farmer bought UK and Commonwealth rights to The White Book: A... Continue reading at The Bookseller
[ The Bookseller | 2011-10-04 00:00:00 UTC ]
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In a continuum of an acquisition series that has become Bonniers growth strategy, the publisher acquires Hearsts Cycle World. Terms of the deal remain undisclosed. Continue reading at Folio Magazine
[ Folio Magazine | 2011-09-30 00:00:00 UTC ]
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Written By: Charlotte Williams Publication Date: Mon, 26/09/2011 - 08:50 Oxford University Press has appointed Casper Grathwohl to the newly-created role of senior vice-president, group strategy. Grathwohl, who is currently vice president of reference and digital publishing within OUP's... Continue reading at The Bookseller
[ The Bookseller | 2011-09-26 00:00:00 UTC ]
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Written By: Graeme Neill Publication Date: Fri, 23/09/2011 - 10:47 Simon & Schuster has bought a memoir by opera star and "Les Miserables" lead Alfie Boe. Non-fiction editor Rory Scarfe bought world rights at auction from Felicity Blunt at Curtis Brown. The book, Alfie, will be published... Continue reading at The Bookseller
[ The Bookseller | 2011-09-23 00:00:00 UTC ]
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Glam Media, a lifestyle and fashion blog network, has acquired Ning, a platform for building social media communities. Terms of the deal were not disclosed, but reports are putting the price in the $150 million to $200 million range and mostly in stock. Continue reading at Folio Magazine
[ Folio Magazine | 2011-09-21 00:00:00 UTC ]
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Written By: Charlotte Williams Publication Date: Fri, 16/09/2011 - 09:21 Virago has bought rights to a satirical novel set at a top-class university. Associate publisher Ursula Doyle bought UK and Commonwealth rights to Penelope by Rebecca Harington from Jane Finigan at Lutyens &... Continue reading at The Bookseller
[ The Bookseller | 2011-09-16 00:00:00 UTC ]
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Written By: Charlotte Williams Publication Date: Mon, 12/09/2011 - 08:40 Penguin Ireland has acquired a first novel about the "mysteries and alchemies of friendship", likening it to The Reluctant Fundamentalist and the writing of W G Sebald. Senior editor Brendan Barrington bought world rights... Continue reading at The Bookseller
[ The Bookseller | 2011-09-12 00:00:00 UTC ]
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