Texas Monthly Acquired by Billionaire Oil Heiress Randa Duncan Williams

Less than three years after its acquisition by private equity firm Genesis Park, Texas Monthly is changing hands once again. The Austin-based regional magazine confirmed Tuesday that it's being purchased by billionaire oil heiress Randa Duncan Williams in a deal expected to close on June 30. Financial terms of the transaction have not been disclosed (Genesis Park and its founder, Paul Hobby, paid $25 million to acquire the magazine from Emmis Communications in 2016). "I have been an avid Texas Monthly reader since I was a teenager," said Williams, who serves as chairman of Houston-based Enterprise Products, the Fortune 500 oil pipeline company founded by her late father, Dan Duncan, in 1968. "My family is delighted to provide the resources to support this iconic Texas institution, which is nationally recognized for its editorial flair. The journalistic integrity and quality for which Texas Monthly is known will remain unchanged as we build upon what Genesis Park has done over the past two years." Williams will take over as chairman of Texas Monthly, LLC, a newly formed subsidiary of Enterprise Products, upon the sale's completion, which will mark the third ownership change in Texas Monthly's 46-year history. Founder Mike Levy owned it for 25 years before selling, in 1998, to Emmis Communications, which held onto the magazine for 18 years before divesting it and a number of other city and regional mags in late 2016 and early 2017. Genesis Park and Hobby, who took over... Continue reading at 'Folio Magazine'

[ Folio Magazine | 2019-06-25 20:55:25 UTC ]
News tagged with: #emerson collective #$190 million #great opportunity

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Judge Blocks Texas Book Ban Law

Judge Alan D. Albright said that he will grant a motion for a preliminary injunction to block Texas's controversial book ban law, which was due to take effect on September 1. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-08-31 00:00:00 UTC ]
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After Six Turbulent Months, Penguin Random House Profits Increase Slightly

Despite a tumultuous first half of 2023 that included major buyouts and some layoffs, sales at Penguin Random House rose 9.5% in the first six months of 2023 over the comparable period in 2022. Operating earnings increased slightly, by €1 million. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-08-30 04:00:00 UTC ]
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Ruling Imminent on Motion to Dismiss Texas Book Rating Law

A second day of arguments was heard in federal court in Austin over a motion by a consortium of booksellers and book business organizations to block HB 900, Texas's controversial new book rating law. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-08-28 04:00:00 UTC ]
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Judge Sets Second Hearing on Motion to Block Texas Book Rating Law

In the initial round of oral arguments over whether to block Texas's controversial book rating law, federal judge Alan D. Albright primarily challenged the state's position, and said he would issue a ruling before the law's September 1 effective date. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-08-21 04:00:00 UTC ]
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Stakes Are High as Judge Hears Motion to Block Texas Book Rating Law

A federal judge in Texas is hearing oral arguments on a high stakes motion filed by a coalition of booksellers and book industry advocates to block the state’s controversial new book rating law from taking effect on September 1. Attorneys for the state of Texas are asking the court to dismiss... Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-08-18 04:00:00 UTC ]
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Six books to read this Women In Translation month – recommended by our experts

Mysteries from China, short stories from the Balkans, a French-Morrocan autobiography and more. Continue reading at The Conversation

[ The Conversation | 2023-08-17 13:31:43 UTC ]
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As New Law Looms, Follett Asks Publishers to Help ‘Rate’ Their Own Books for Sale in Texas

With a lawsuit pending to block a controversial new "book rating" law from taking effect in Texas, publishers and industry groups are balking at a request from the nation's largest school distributor to help rate their own titles for sale in the state. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-08-07 04:00:00 UTC ]
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'It could very well bankrupt us,' says bookseller suing over Texas school book ban

Valerie Koehler says that if her book shop is forced to comply with a new state law regulating public school literature, she might go out of business. Continue reading at CBC

[ CBC | 2023-07-26 21:13:13 UTC ]
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Exclusive: See the cover for Phillip B. Williams’s debut novel, Ours.

Literary Hub is pleased to reveal the cover for Ours, the debut novel by award-winning poet Philip B. Williams, forthcoming from Viking in February. Here’s a bit about the book from the publisher: In this ingenious, sweeping novel, Phillip B. Williams introduces us to an enigmatic woman named... Continue reading at Literrary Hub

[ Literrary Hub | 2023-07-26 14:00:11 UTC ]
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Booksellers, Industry Groups File Suit to Block Texas Book Rating Law

The 28-page complaint claims that the law—which is set to take effect in September—would impose sweeping, vague, and unconstitutional content-based restrictions and unduly burden booksellers. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-07-25 04:00:00 UTC ]
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Christian Retailers See Six Month Sales Gain

Same-store sales for the first six months of 2023 rose 9.7% over the comparable period 2022 at the 220 independent Christian retailers who report data to the Parable Group. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-07-25 04:00:00 UTC ]
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Draft2Digital Acquires SelfPubBookCovers.com

SPBC, which created a marketplace where authors can buy premade covers, has now become a newly formed D2D division titled Author Success, headed by v-p Nick Thacker. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-07-24 04:00:00 UTC ]
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Library Event Cancelations, Changes, and Support for Pride Month 2023

A look at the destruction of Pride displays, cancelation of Drag storytimes, and other June LGBTQ+ events in U.S. libraries in 2023. Continue reading at Book Riot

[ Book Riot | 2023-07-10 10:36:00 UTC ]
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Black Lawrence Press Acquires Nomadic Press Adult Titles

The upstate New York literary press has taken over publication of more than 100 Nomadic books in a deal that closed earlier this month. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-06-27 04:00:00 UTC ]
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Bookforum Is Returning, Months After Its Closure Was Mourned in the Literary World

The literary magazine will be back in print in August, with a new publishing partner: The Nation. Continue reading at The New York Times

[ The New York Times | 2023-06-22 10:10:16 UTC ]
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Texas Officially Bans So-Called “Sexually Explicit” Books; Demands Book Ratings from Vendors

Texas's Governor signs a bill into law that gives him power over what books can be in libraries *and* forces ratings on books. Continue reading at Book Riot

[ Book Riot | 2023-06-15 10:40:00 UTC ]
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Librarians, Publishers File Amicus Briefs in Texas Book Banning Case

With oral arguments set for June 7 before a judge on the Fifth Circuit Court of Appeals, librarians and publishers have weighed in on a closely watched case in Texas concerning the banning of books in Llano County, Texas. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-06-05 04:00:00 UTC ]
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WME Acquires Ross Yoon Agency

By acquiring the Washington, D.C.–based literary agency, WME signals a deepening focus on literary talent and specifically nonfiction, as well as a physical expansion into the D.C. area. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-06-02 04:00:00 UTC ]
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A Texas school found the most horrifying way to use public domain Winnie-the-Pooh.

When I saw the trailer for Winnie-the-Pooh: Blood and Honey, I thought we’d reached the nadir of public domain-enabled re-imaginings, but it turns out, it can get much, much more horrifying than a low-budget slasher. Like a picture book in which the beloved bear must face a school shooter.... Continue reading at Literrary Hub

[ Literrary Hub | 2023-05-30 16:28:26 UTC ]
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The Morning After: Meta could launch a Twitter competitor next month

Meta has long been rumored to be building a platform to rival Twitter. After months of speculation, there are finally some details on how it might turn out, according to digital media marketing expert Lia Haberman, who has heard about the app through content creators approached by Meta.Haberman... Continue reading at Engadget

[ Engadget | 2023-05-22 11:15:43 UTC ]
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