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Books-A-Million Proxy Shows Andersons Rejected A Higher Outside Bid

Books-a-Million has filed a preliminary proxy statement with the SEC in advance of a special shareholders' meeting to vote on the Anderson family's offer to buy out the stock they do not own for $3.25 a share (valuing the entire company at $50 million). A date for the meeting has not…

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People, Etc.

At the Andrea Brown Literary Agency, Jennifer Rofe has been promoted to senior agent. Marissa Litak has joined Sourcebooks as an assistant publicist. Previously, she was editorial assistant at Rhetoric Society Quarterly. The new issue of Poets & Writers magazine has Michael Szczerban interviewing at length 37 Ink founder Dawn Davis: "The…

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"Core" Harper Ends Fourth Quarter and Fiscal Year Down Slightly, News Corp. Takes Big Charge on Amplify

News Corp. reported results for their fourth quarter and full fiscal year, ending June 30, on Wednesday after the close of the market. HarperCollins had sales of $390 million, up 8 percent from $361 million a year ago and EBITDA of $33 million in the fourth quarter, flat compared to…

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Briefs: Pearson Sells The Economist, Too; GIRL ON THE TRAIN US Sales Reach 3 Million; and More

Following the recent sale of the Financial Times to Nikkei, Pearson has now sold its 50 percent stake in The Economist Group as well, for £469 million (or $731 million). Three-fifths of their stake (or a 30 percent share in the Economist) goes to Exor, the holding company for minority shareholder Agnelli, while the…

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Family Christian Bankruptcy Reorganization Is Approved

As expected, the revised, final and only viable reorganization plan for the bankrupt and ever-diminishing Family Christian Stores was approved by Bankruptcy Court Judge John Gregg. Per the proposal that was sent to creditors for their approval a month ago, FCS Acquisition is paying between $52.4 million and $55.7 million to…

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Sargent Named EVP of Holtzbrinck Publishing Group

The Holtzbrinck Publishing Group formally announced the new management structure for its major operating business, following the formation and restructuring of Springer Nature (in which Holtzbrinck has a controlling 53 percent share). John Sargent has been appointed executive vice president of the parent company Holtzbrinck Publishing Group, continuing to manage the…

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People, Etc.

Jennifer Ung has joined Simon Pulse as associate editor. Previously she was an assistant editor at Scholastic. Kristen Reach has joined the Kenyon Review as associate editor. Previously she was an editor at Melville House. Bankruptcy Filing Filmed Entertainment Inc. -- the parent of DVD direct-seller Columbia House -- filed for Chapter…

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The Next Spinoff: Donnelley to Split In Three

RR Donnelley said as part of its second quarter earnings reports that the company intends to divide itself into "three independent, publicly traded companies: one business focused on financial communications and data services; one business focused on publishing and retail-centric print services; and one business focused on customized multichannel communications management."…

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Recorded Books Is Sold to Another Private Equity Owner

Wasserstein & Co. has sold Recorded Books -- which incorporates their earlier purchases of HighBridge Audio and Tantor Media -- to LA-based private equity firm Shamrock Capital Advisors. Shamrock's investment portfolio includes Isolation Network, the parent company of INScribe Digital. Terms were not disclosed, though Wasserstein was thought to have…

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Barnes & Noble Officially Splits

Barnes & Noble split itself into two separately, publicly-owned companies on Monday. Shares in the retail bookseller began trading at about 65 percent of the value of the previously combined operations, with a market cap of about $1.3 billion, while shares at Barnes & Noble Education dropped below their "when…

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