Tribune agrees to purchase by hedge fund for $630 million

Newspaper publisher Tribune has agreed to be sold to Alden Global Capital, a hedge fund known for cutting costs and eliminating newsroom jobs, in a deal valued at $630 billion Continue reading at 'ABC News'

[ ABC News | 2021-02-17 00:40:46 UTC ]
News tagged with: #hedge fund #cutting costs #deal valued

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Zondervan’s ‘The Story’ Sells 5 Million Copies

'The Story,' which condenses the Bible into 21 chapters, has surpassed five million copies sold across all formats, 16 years after it was initially released by Zondervan. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-11-09 05:00:00 UTC ]
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HMH Purchase Boosts HarperCollins Results

A $50 million contribution from its purchase of the Houghton Mifflin Harcourt trade division and higher backlist sales were two of the key drivers in increasing sales at HarperCollins by 19%, and profits by 20%, in the quarter ended August 31. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-11-05 04:00:00 UTC ]
More news stories like this | News stories tagged with: #increasing sales #houghton mifflin harcourt #harpercollins


A Library Chicken, WonTon the Bookstore Cat, and Literacy Funding: Your Weekly Dose of Good Bookish News

Here are the best bookish things that happened this week, from library chickens to literacy funding and, of course, WonTon the bookstore cat. Continue reading at Book Riot

[ Book Riot | 2021-10-22 10:42:00 UTC ]
More news stories like this | News stories tagged with: #bookish things #bookstore


France hails victory as Facebook agrees to pay newspapers for content

Social media firm announces deal after long-running battle with national and regional newspapers France has hailed a victory in its long-running quest for fairer action from tech companies after Facebook reached an agreement with a group of national and regional newspapers to pay for content... Continue reading at The Guardian

[ The Guardian | 2021-10-21 14:21:02 UTC ]
More news stories like this | News stories tagged with: #content shared #licensing agreement #tech companies #regional newspapers #publishing partners


A woman won a million-euro writing prize . . . then turned out to be three men.

This week, the winner of the Planeta Prize, a Spanish 1-million-euro literary award, was announced: Carmen Mola, a famously private crime thriller writer. All that was known about Mola, often referred to as Spain’s “Elena Ferrante,” is that she was a university professor in her mid-40s living in... Continue reading at Literrary Hub

[ Literrary Hub | 2021-10-18 18:30:34 UTC ]
More news stories like this | News stories tagged with: #carmen mola #elena ferrante #university professor #planeta


Inkitt wins $59m in funding and big-name backing

Inkitt, a data-driven publishing house, has scooped $59m (£42m) in funding from investors including the owner of Macmillan, Stefan von Holtzbrinck, and former c.e.o. of Penguin Michael Lynton, to accelerate the company's continued global expansion, with sights set on San Francisco for a new... Continue reading at The Bookseller

[ The Bookseller | 2021-10-06 12:10:03 UTC ]
More news stories like this | News stories tagged with: #sights set


Goldman Sachs, Ozy Media and a $40 Million Conference Call Gone Wrong

The digital media company has raised eyebrows for its claims about its audience size for years. Then came the strange voice on the phone. Continue reading at The New York Times

[ The New York Times | 2021-09-27 02:20:46 UTC ]
More news stories like this | News stories tagged with: #goldman sachs #ozy media #audience size #digital media


HBG Completes Purchase of Workman

The Hachette Book Group has completed its $240 million acquisition of Workman Publishing. Workman will become HBG's eighth publishing group and will be led by Dan Reynolds, who had been its CEO. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-09-23 04:00:00 UTC ]
More news stories like this | News stories tagged with: #workman publishing #dan reynolds


Growing Up in Ireland report reveals impact of library funding’s 2008 scrapping

In 2008, as the global financial crisis peaked and Ireland faced a long period of austerity, the government announced that the primary school library fund would be cut in its entirety. The €2.2m annual investment from the then-Department of Education & Science had been in place for 37 years;... Continue reading at The Bookseller

[ The Bookseller | 2021-09-10 10:30:52 UTC ]
More news stories like this | News stories tagged with: #library funding #long period #government announced #public libraries


Clarivate Purchase of ProQuest Delayed

After receiving a second notice for information from the FTC, Clarivate said it has extended the deadline for completing its $5.3 billion purchase of ProQuest from November, 8, 2021, to December 31, 2021. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-08-11 04:00:00 UTC ]
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Clays invests in new press with 50-million book capacity

UK book manufacturer Clays has ordered a new printing press which will have the capacity to produce roughly 50 million books a year. Continue reading at The Bookseller

[ The Bookseller | 2021-08-09 22:52:28 UTC ]
More news stories like this | News stories tagged with: #uk book


ALA Welcomes SUCCESS Act, Proposed Federal Funding Increases for Libraries

“Congress is getting the message that libraries of all kinds are key to the vitality of communities,” said ALA president Patty Wong in a statement. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-07-23 04:00:00 UTC ]
More news stories like this | News stories tagged with: #libraries


Prince Harry agrees publishing deal to write his memoirs

Penguin Random House announces book is expected in late 2022 with proceeds going to charityThe Duke of Sussex has agreed a publishing deal to write his memoirs and said he would do so “not as the prince I was born, but as the man I have become”.The global deal for his “literary memoir” was... Continue reading at The Guardian

[ The Guardian | 2021-07-19 18:37:55 UTC ]
More news stories like this | News stories tagged with: #global deal #literary memoir #penguin random house #publishing deal


NPD BookScan: US June Print Book Sales Up 2.8 Million Over 2020

'NPD Books' Brenna Connor says there's a possibility that the American market will go into the autumn with double-digit year-to-date gains. The post NPD BookScan: US June Print Book Sales Up 2.8 Million Over 2020 appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2021-07-12 17:32:28 UTC ]
More news stories like this | News stories tagged with: #npd books #american market #print book


Knight Foundation Invests $5 Million in 'Library-Centered' Digital Platform

The funding will support the Palace Project, a nascent partnership between LYRASIS and the Digital Public Library of America to develop digital tools and services for libraries. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-06-29 04:00:00 UTC ]
More news stories like this | News stories tagged with: #digital platform #palace project


NEA Opens Applications for $135 Million in Grants

The National Endowment for the Arts is now accepting applications for $135 million in grants tied to the American Rescue Program established by Congress in March. Grants start at $50,000 and the deadlines range between the end of July and late September. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-06-24 04:00:00 UTC ]
More news stories like this | News stories tagged with: #$135 million #national endowment #accepting applications #late september


Binc Gives $1.1 Million to Bookstores, Comic Shops

The Book Industry Charitable Foundation has announced that its Survive to Thrive grant program will award a total of $1.1 million to 115 bookstores and comic shops: 99 stores will receive $10,000 and 16 will receive $7,500. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-06-22 04:00:00 UTC ]
More news stories like this | News stories tagged with: #comic shops #receive $10 #book industry


Paperchains project receives Arts Council funding

Paperchains, a project which records writing by prisoners, homeless people and members of the armed forces about the coronavirus lockdown, has received Arts Council funding and will now become a book and touring production.  Continue reading at The Bookseller

[ The Bookseller | 2021-06-08 04:10:41 UTC ]
More news stories like this | News stories tagged with: #homeless people #armed forces #coronavirus lockdown


The 1923 novel ‘Nordenholt’s Million’ explores issues unnervingly familiar in the Trump-covid era

The book, written by a British chemist, imagines a wealthy tycoon’s disturbing plan to save (some) humans from a biological disaster. Continue reading at The Washington Post

[ The Washington Post | 2021-05-26 16:14:54 UTC ]
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Sheikh Mohamed Funds Book Buying at Abu Dhabi International Book Fair

Another unexpected boost for publishers, as Abu Dhabi's crown prince puts the equivalent of US$1.6 million into play for book purchases. The post Sheikh Mohamed Funds Book Buying at Abu Dhabi International Book Fair appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2021-05-24 18:01:11 UTC ]
More news stories like this | News stories tagged with: #abu dhabi #book purchases