Archive | eNews RSS feed for this section

Rakuten to Buy OverDrive for $410 Million

The two companies announced in press releases that Rakuten will pay "a total consideration of $410 million in cash" to buy OverDrive. They say OverDrive's EBITDA was $25 million for 2014, which amounts to a very hefty multiple of earnings that Rakuten is paying -- but the Japanese-based company says that…

Login to read more, or join Publishers Marketplace as a member

Scouting the Bad and the Very Bad in Kindle's Reader-Powered Platform

Katy Waldman at Slate has a look at some of the featured titles in the recent Kindle Scout initiative, where readers are supposed to sample excerpts from unpublished manuscripts and recommend them for publication through Kindle Press. Her theme is: "This kind of writing is unabashed. It is breathtakingly, gloriously bad.…

Login to read more, or join Publishers Marketplace as a member

People, Etc.

Eerdmans has hired Lil Copan as senior acquisitions editor, general trade. She was at Abingdon Press most recently. A group of senior management and board members have joined in a management buyout of the Peter Lang Academic Publishing Group from the Peter Lang Children's Trust. The deal is expected to close by mid-2015. The new…

Login to read more, or join Publishers Marketplace as a member

People, Etc.

Julia Pastore will join Harper One as executive editor on March 2. She has been executive editor at Demos Health, prior to which she was senior editor at Crown Archetype. Michele Cobb has joined the Audio Publishers Association as executive director. She currently owns MLC Consulting, which provides PR, sales,…

Continue reading

Announcements: Quarto Buys Ivy; Maya Angelou Postage Stamp; Kindle Scout Launch List; and More

Quarto Publishing has agreed to acquire The Ivy Press for up to £1.3 million plus the assumption of up to £200,000 of debt, pending approval from the press's lender. The unit will become part of Quarto's international co-editions division. Founded in 1996, Ivy Press has been distributed by Thames & Hudson since 2012. Co-founder and…

Login to read more, or join Publishers Marketplace as a member

Chegg to Outsource Print Textbook Business to Ingram

Building substantially on an initiative that began last August, Chegg.com will transition the handling of all print textbook inventory over to Ingram under a renewable, five-year agreement as the company that started as a textbook rental play moves towards becoming an all-digital "student hub." (Digital textbook rentals will become Chegg's biggest…

Login to read more, or join Publishers Marketplace as a member

Malcolm X Estate to Self-Publish eBooks

The Malcolm X Estate will issue an ebook edition of The Autobiography of Malcolm X on their own in May, rather than work with longtime print publishing partner Ballantine, the AP reports. L. Londell McMillan, an attorney for the estate, notes that "Malcolm X was a fervent advocate for self-help, self-reliance…

Login to read more, or join Publishers Marketplace as a member

Kindle Unlimited Pool Is Bigger In Dollars, Lower Per Book

With the continuing rollout of Amazon's Kindle Unlimited subscription program to additional territories, the total payout to participating authors continues to grow, even as the per-borrow payment remains near its lowest levels. Every month on or about the 15th, Amazon tells authors how much they will be paid on a retroactive…

Login to read more, or join Publishers Marketplace as a member

Scribd Adds Comics, Jeb Bush Samples Book of eMails

Scribd's latest addition to their subscription catalog is a comics vertical, with over 10,000 comic books and graphic novels from publishers including Marvel, Valiant, IDW/Top Shelf and Archie. CEO Trip Adler says in the announcement, "We are very excited to take this step in expanding our subscription service beyond books. This addition…

Login to read more, or join Publishers Marketplace as a member

And Then There Were Three: New Hachette Agency Pricing Trickles In

Hachette Book Group officially implemented their new ebook agency pricing on February 1, feeding new pricing data to retailers in that evening's ONIX feed -- and ever so slowly, you can start to see those changes showing up in the marketplace. On Amazon, the new Kindle pricing is most evident…

Login to read more, or join Publishers Marketplace as a member