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Ann Godoff Dies at 76
Penguin Press founder, president and editor-in-chief Ann Godoff died on Tuesday evening, from complications of bone cancer. She was 76. Penguin Press publisher Scott Moyers wrote, “Ann’s impact on American book culture over the past four decades is incalculable.An editor of an immense range in fiction, nonfiction and poetry, Ann shepherded into print innumerable New York Times bestsellers, multiple winners of every major award, and works that have appeared on all manner of best books lists – of the year, the decade, and the century. Beyond the industry accolades, her legacy should be measured in her success in helping authors […]
Cengage Hires Bankers for IPO
Private-equity backed Cengage hopes to follow McGraw Hill by launching an IPO later this year. Bloomberg reports that the company has picked Citigroup and Morgan Stanley to work on an offering “as soon as in the first half of the year.” The people who leaked the news say the hope is to raise approximately $500 million. That’s roughly what McGraw Hill hoped to raised from their IPO last year, but demand was weaker than expected, so the final pricing only raised just under $386 million. Shares fell steadily after the offering, and though they rebounded recently, it still trades well […]
Anthropic Settlement Update on Claims Filed and Modest Opt-Outs
A case management update filed with the court by the attorneys in the Anthropic settlement provides new data on participation in the process. The court recently extended the deadline to opt out of the settlement — reserving the right to pursue individual action against Anthropic — from January 14 to January 29. As of January 14, the attorneys report, “there are presently 86 opt outs accounting for 208 works.” As for claims received for the pool of nearly 500,000 registered, infringed works, “the Settlement Administrator has received a total of 56,798 claims for 161,691 works. The present claims rate—nearly 20%—already […]
Raab to Leave Macmillan
Macmillan publisher-at-large Jamie Raab is leaving the company, the company announced to staff on Tuesday. She writes: “I have loved my years working at Macmillan. It was a joy to launch Celadon, see its wonderful team come together, and watch the division flourish and become a force in the publishing world. And it was an honor to stand in as Holt’s interim publisher, getting to know the remarkable people who make the division special and who welcomed me so warmly into their fold. Most of all, I am grateful to the many talented colleagues I have had the pleasure of working […]
Regnery Reschedules María Corina Machado’s Short Book to Add New Material
Regnery Publishing has rescheduled a short book by Nobel Peace Prize winner María Corina Machado, THE FREEDOM MANIFESTO, in order to “add new material addressing the recent political upheaval,” Tony Lyons indicated to the NYT. Planned for February 2 publication, it is now listed for release on March 17, though Lyons says the publisher is “rushing” to have an updated version ready for release “perhaps as early as next month.”