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Rizzoli Acquires Welcome Books

Continuing an active year of acquisitions, Rizzoli International Publications has agreed to acquire the assets of Welcome Books, the publishing imprint of Welcome Enterprises. A publisher of illustrated books in the fields of art, photography, food & wine, parenting, history, travel, pets and social & popular culture, Welcome Books began publishing in 1995,…

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McGraw-Hill Trims Output, Cuts 18 Jobs

The McGraw-Hill Professional division laid off 18 employees this week -- more from the Chicago office, we are told by someone at the company, but with additional reductions from the New York office. President of McGraw-Hill Education Professional Philip Ruppel confirmed, in answer to our query, the "elimination of positions in editorial,…

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Approximately 25 Let Go at Globe Pequot & Lyons Press

Two months after Rowman & Littlefield acquired Globe Pequot Press from Morris Communications, the Guilford, CT-based publisher has let go approximately 25 staffers, including a number of people from editorial and sales. Four Lyons Press editors and a manager were let go, as were the managers of Globe Pequot Press…

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On The Authors Guild, Amazon, and Sincerity

Authors Guild president Roxana Robinson had already responded informally to Amazon's offer to join with Hachette in providing an ebook "windfall" to authors affected by the standoff between the two -- and on Thursday, novelist and AG vice president Richard Russo posted a more formal response. Russo's tone was the…

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Torstar Shareholders Approve Harlequin Sale

Torstar reported that its class a shareholders have approved the proposed sale of Harlequin to HarperCollins after a special meeting. In May the two companies said they expected the transaction to close by the end of September, and in Torstar's announcement, they reiterate: "The transaction remains subject to certain customary…

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Penguin Random House Completes the Santillana Spanish-Language Acquisition

Penguin Random House announced Tuesday it has completed the acquisition of the Santillana's trade book business Santillana Ediciones Generales from PRISA for 72 million euros. One component of the deal -- the acquisition of Objetiva, Santillana's Brazilian trade business, is still pending, and "expected to be completed later in the…

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More BN Facts, Including the First eBook Settlement Effect

Barnes & Noble filed their annual report with the SEC last Friday, which is full of modest facts of note, highlighted below. Separately, the company also executed a new multi-year contract with BN College ceo Max Roberts, providing a base salary of $850,000, plus a target annual bonus of no…

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The New Old Big Five

With a few more hours to think it through, it's fairly tricky coming up with a precise ranking of the largest trade publishers if we limit the companies to a comparable set of North American-only revenues. (Case in point, yesterday at different points in time the NYT called Perseus the sixth-…

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Barnes & Noble To Spin Off Nook As Public Company; Reports Weak Finish to Fiscal 2014

Barnes & Noble announced before the opening of the stock market Wednesday that it intends to split off its Nook Media division from the retail side, creating two separate, publicly traded companies. Shares rose over 10 percent in early morning trading on the news, up to roughly $22.5 a share.…

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Perseus, Hachette, Ingram Deal Made "Official"

By the end of the work day Tuesday, the parties confirmed with a press release the deal to sell Perseus Books Group to Hachette Book Group, with HBG having "binding commitments" to purchase all of PBG and in turn sell the sizable distribution lines to Ingram Content Group. Hachette will…

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