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Moonves: Simon & Schuster Is "A Little Gem"

Right at the end of a 50-minute interview at the UBS investor conference earlier this week, CBS ceo Les Moonves spoke briefly about Simon & Schuster's recent negotiations with Amazon. Asked, "what's changing with the new deal?," Moonves gave a thoroughly non-specific answer: "We're not allowed to really talk about…

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BN Pays Microsoft $62.5 Million In Nook Buyback

In a series of complex SEC documents, Barnes & Noble indicated that they have paid Microsoft $62.5 million to buyback their 16.8 percent share in Nook Media LLC, along with 2.74 million shares of BN stock (valued at $62.5 million, though that stock is worth less already). That implies a…

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Barnes & Noble Disappoints Again with Lower Earnings; Terminates Microsoft Nook Partnership

There was a suspicious spate of financial articles the last couple of days tipping the idea that the worst is over at Barnes & Noble and Nook and earnings would be up -- but the results announced before the opening of the market on Thursday proved those hopeful stories wrong…

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Corporate: Mondadori to Spin Off Books Group As A Separate Company; Moody's Has Negative Outlook On Amazon

Italy's Arnoldo Mondadori Editore announced last week that they will spin off their book publishing and book distribution units as a separate, freestanding company effective January 1, 2015, to be called Mondadori Libri. The company says "the operation will not involve any changes to the overall profile of the underlying businesses and…

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Hachette Book Group Agrees to Acquire Black Dog & Leventhal

Hachette Book Group continues to add to its growing nonfiction list, following the summer's failed effort to acquire the Perseus Book Group. The company announced Thursday it has agreed to purchase illustrated book publisher Black Dog & Leventhal. The deal will close "in the next several months, subject to meeting…

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Corporate: Reviving Scribner's Magazine Online, Open Road Espanol, and Courier's Brazilian Buy

The latest consumer-facing website launched by Simon & Schuster revives an old magazine name: Scribner Magazine, inspired by (but dropping the apostrophe of) the publisher's long-ago sister publication Scribner's Magazine, which published from 1887 through 1939. The new site will act as a general-interest literary magazine featuring "contributions from Scribner…

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People, Etc.

Erin Stein will join Macmillan Children's Publishing Group as publisher of a new, yet-to-be-named new imprint on December 1, reporting to Jon Yaged. Her imprint will focus on branded publishing and new content creation, as well as acquiring original commercial fiction and picture books. Previously she was editorial director of branded, licensed, and…

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People: Bykofsky Associates Takes Over DSM Agency List

Sheree Bykofsky Associates has taken over the list of DSM Agency, as Doris Michaels "decided to make a transition in her life, which meant finding a new home for her clients." Colleagues for a long time, they report: "Sheree and Doris realized that they ran their agencies in much the same…

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Digital: Diversion Launches Romance eBookstore; More Kindle Unlimited; Start Buys Cleis; and More

Digital publisher Diversion Books has set up a new division "to go deeper into the romance vertical," EverAfter -- which has launched an ebookstore and reader app on iOS and Android. "Exclusively dedicated to romance ebooks," the store offers over 100,000 titles from traditional houses and self-published authors. They promise…

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Bonnier Acquires UK's Igloo Books

In the UK, Bonnier Publishing has acquired Igloo Books on undisclosed terms, adding £30 million in annual sales to create a group with £85 million in sales focused on children's books and adult fiction. The company says it will make them "one of the five largest children's publishers in the…

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