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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In May, AOL launched the AOL Advertising.com Group, a b-to-b advertising division focused on serving publishers. Continue reading at Folio Magazine
[ Folio Magazine | 2011-06-02 00:00:00 UTC ]
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Publication Date: Wed, 01/06/2011 - 14:03 Pan Mac has acquired two titles from Pariah author David Jackson. Will Atkins, Pan Macmillan editorial director for fiction, bought world rights direct from Jackson for a "good five-figure sum. The first title, The Helper, follows Callum Doyle, the... Continue reading at The Bookseller
[ The Bookseller | 2011-06-01 00:00:00 UTC ]
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Written By: Graeme Neill Publication Date: Tue, 31/05/2011 - 15:06 HarperCollins Children's Books has bought a debut by an author discovered on the Inkpop website for budding writers of teen fiction. Senior editor Lizzie Ryley bought UK and Commonwealth rights to the book from Jean McGinley at... Continue reading at The Bookseller
[ The Bookseller | 2011-05-31 00:00:00 UTC ]
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Written By: Charlotte Williams Publication Date: Fri, 27/05/2011 - 10:50 HarperCollins has acquired a memoir by comedian Steve Coogan of his most famous character, Alan Partridge. The title has moved publishers even before publication, having previously been listed on Nielsen BookData as being... Continue reading at The Bookseller
[ The Bookseller | 2011-05-27 00:00:00 UTC ]
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Written By: Graeme Neill Publication Date: Tue, 24/05/2011 - 09:38 Pan Macmillan has bought UK and Commonwealth rights (including ebooks) to seven books by self-published US sensation Amanda Hocking. Julie Crisp, editorial director at Tor, bought the rights from St Martin's Press in the United... Continue reading at The Bookseller
[ The Bookseller | 2011-05-24 00:00:00 UTC ]
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Written By: Charlotte Williams Publication Date: Thu, 19/05/2011 - 09:02 Sphere is capitalising on the interest surrounding the US Navy Seals following the assassination of Osama bin Laden and has acquired Seal Team Six by Howard E Wasdin and Stephen Templin. Sphere non-fiction publishing... Continue reading at The Bookseller
[ The Bookseller | 2011-05-19 00:00:00 UTC ]
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Written By: Charlotte Williams Publication Date: Tue, 17/05/2011 - 08:15 Corvus has acquired seven books from self-published author Nick Alexander, whose title The Missing Boyfriend was in the top 10 in the Kindle paid-for charts for six weeks. Senior editor Laura Palmer bought world English... Continue reading at The Bookseller
[ The Bookseller | 2011-05-17 00:00:00 UTC ]
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Written By: Lisa Campbell Publication Date: Wed, 11/05/2011 - 09:54 Hachette has the lion's share of titles featured in the W H Smith Summer Richard and Judy Book Club list. Five out of the eight books featured in the celebrity couple's high street retailer promotion are from the publishing... Continue reading at The Bookseller
[ The Bookseller | 2011-05-11 00:00:00 UTC ]
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Written By: Graeme Neill Publication Date: Mon, 09/05/2011 - 11:48 Simon & Schuster has bought Wogan's Ireland, an illustrated book inspired by broadcaster's Terry Wogan's recent BBC television series about his homeland. Francine Lawrence, editorial director at S&S Illustrated,... Continue reading at The Bookseller
[ The Bookseller | 2011-05-09 00:00:00 UTC ]
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Written By: Graeme Neill Publication Date: Mon, 09/05/2011 - 15:25 Fourth Estate has bought a book by a former Google executive credited with being among those who helped mobilise the revolutionary Egyptian protests by using social media. Publishing director Jenny Heller and Press Books m.d.... Continue reading at The Bookseller
[ The Bookseller | 2011-05-09 00:00:00 UTC ]
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Written By: Charlotte Williams Publication Date: Fri, 06/05/2011 - 10:48 Weidenfeld & Nicolson has acquired a "major new science book" by genetics specialist and professor, Tim Spector. Commissioning editor Bea Hemming bought world rights to Identically Different from Sophie Lambert at... Continue reading at The Bookseller
[ The Bookseller | 2011-05-06 00:00:00 UTC ]
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Written By: Graeme Neill Publication Date: Thu, 05/05/2011 - 15:39 Simon & Schuster has bought a memoir by multi-Premier League and Champions League-winning footballer Paul Scholes. Kerr MacRae, S&S executive director, acquired world rights from Harry Swales, who is representing... Continue reading at The Bookseller
[ The Bookseller | 2011-05-05 00:00:00 UTC ]
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Publication Date: Wed, 04/05/2011 - 09:00 Alison Starling is to join Octopus Publishing Group as publisher. Starling was publishing director at Ryland, Peters & Small for 12 years, commissioning titles such as The Hummingbird Bakery Cookbook. She joins OPG on 9th May and will commission... Continue reading at The Bookseller
[ The Bookseller | 2011-05-04 00:00:00 UTC ]
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Nielsen reported its first quarter results this morning and overall revenue was up 7 percent to $1.3 billion and adjusted EBITDA grew 8.5 percent to $320 million compared to Q1 2010. Continue reading at Folio Magazine
[ Folio Magazine | 2011-04-29 00:00:00 UTC ]
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Written By: Charlotte Williams Publication Date: Thu, 28/04/2011 - 11:25 HarperCollins has acquired three novels from debut historical fiction author Joanna Hickson. HarperFiction commissioning editor Kate Bradley bought world rights through Jenny Brown at Jenny Brown Associates, with the... Continue reading at The Bookseller
[ The Bookseller | 2011-04-28 00:00:00 UTC ]
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Written By: Charlotte Williams Publication Date: Thu, 28/04/2011 - 11:31 Headline has acquired a debut literary suspense novel by Australian writer Poppy Gee. Publishing director Imogen Taylor bought world English rights from Julia Kenny at Markson Thoma, with Andrea Walker at Reagan Arthur... Continue reading at The Bookseller
[ The Bookseller | 2011-04-28 00:00:00 UTC ]
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Written By: Jenny Roper Publication Date: Tue, 26/04/2011 - 15:00 Hodder & Stoughton has bought world rights to two parenting guides by Nöel Janis-Norton, an advisor to actress Helena Bonham Carter. The first title Calmer, Easier, Happier Parenting will be published in spring 2012 and... Continue reading at The Bookseller
[ The Bookseller | 2011-04-26 00:00:00 UTC ]
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Denver, Colorado-based regional magazine 5280 has acquired the intellectual property of its main competitor, Denver Magazine, including Federal trademark of the brand name, Internet domains including http://denvermagazine.cim and Denver's Twitter account and Facebook pages. Continue reading at Folio Magazine
[ Folio Magazine | 2011-04-20 00:00:00 UTC ]
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Written By: Barbara Casassus Publication Date: Wed, 20/04/2011 - 09:22 Editis has sold its Brussels-based educational, scientific and academic publishing subsidiary Groupe De Boeck to Ergon Capital Partners III SA for an undisclosed sum. The sale will enable Frances second largest publisher... Continue reading at The Bookseller
[ The Bookseller | 2011-04-20 00:00:00 UTC ]
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Publication Date: Tue, 19/04/2011 - 08:33 Mainstream Publishing has acquired a second title by Hooked author Clare Gee. Joint m.d. Bill Campbell acquired world rights to the as yet untitled book from Isabel Atherton at Creative Authors Ltd. Hooked, Gee's debut, told the story of her life as a... Continue reading at The Bookseller
[ The Bookseller | 2011-04-19 00:00:00 UTC ]
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