News Corp disclosed in its quarterly 10-Q report on Friday that HarperCollins acquired Thomas Nelson for $200 million, and that the deal took place in October. The number is less than half the $473 million former owner InterMedia paid for Thomas Nelson back in 2006. The filing also disclosed that HarperCollins is now subject to 23 different consumer class action suits filed in New York and California relating to purported anti-trust issues and the use of the agency model by the six largest publishing houses. The defendants, including HarperCollins, filed a motion with the Judicial Panel on Multidistrict Litigation to […]
