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Donnelly to Split On October 1

RR Donnelley's board formally approved the final conditions of their imminent split into three separately-traded public companies. On October 1, current Donnelley shareholders (as of the record date of September 23) will receive one share of the new LSC Communications and one share of the new Donnelley Financial for every eight…

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Barnes Away

The financial weekly Barron's has had a soft spot for Barnes & Noble's stock for years, but unfortunately they have been pretty consistently -- and significantly -- wrong. Publishers are cranky about the company's underperformance in the marketplace, as sales keep ebbing even as print book sales rise, and with the…

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Counterpoint Sold to Catapult

Recent start-up Catapult announced an agreement to acquire and merge with Counterpoint Press, which comprises the Counterpoint and Soft Skull imprints. Jack Shoemaker and Dan Smetanka will continue to run editorial for the acquired lines and Megan Fishmann will remain in place as director of marketing and publicity, with Catapult's publisher Andy…

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Wiley to Acquire Atypon For $120 Million

John Wiley announced Thursday afternoon an agreement to pay $120 million in cash to acquire Santa Clara, CA-based publishing-software company Atypon. Through their Literatum platform for journal delivery, Atypon serves the STM and scholarly markets with software that "gives publishers direct control over how their content is displayed, promoted and monetized on the web." Privately-held Atypon is…

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PRH Will Consolidate Penguin Employees In Broadway Building in Early 2019

Penguin Random House ceo Markus Dohle announced to staff in a letter that Penguin employees currently working at 375 Hudson Street and 345 Hudson Street will move uptown in early 2019 as the company takes over "essentially" the entire office space at 1745 Broadway. (The building has a residential component comprising…

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Quarto Acquires becker&meyer

In advance of its half-year results releasing tomorrow, Quarto announced that it has acquired Bellevue, WA-based publisher becker&meyer! from the McEvoy Group for an initial $9.8 million. The acquisition price may also increase due to a working capital adjustment payment capped at $1m and further deferred contingent consideration of up…

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Briefs: Pocket Constitution Sales Rise After Khan Speech; A Local Line for S&S India; and More

Khizr Khan's speech at the Democratic National Convention has boosted distribution of the US Constitution. A $1 Pocket Constitution published by The National Center for Constitutional Studies -- similar to the one Khan displayed during his speech, but not the same edition -- moved 45,000 copies on Amazon between Saturday morning and…

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Briefs: Cooke International Bought Out By Its Agents; Hachette Titles on Tapas App

In Canada, Suzanne Brandreth and Ron Eckel are now full owners of The Cooke Agency International, the foreign rights branch of The Cooke Agency, after both being responsible for its day-to-day operations for the past three years. Dean Cooke and Sally Harding will remain owners of the originating agency, and…

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Briefs: Emeritus Pope Benedict's 'Last Testament'; Rakuten Takes Minority Stake in getAbstract; and More

Forthcoming Bloomsbury will publish Emeritus Pope Benedict's Last Testament worldwide in November, in which the retired pope will formally break his silence after being the first Pope to resign from his position in 750 years. Bloomsbury says Pope Benedict will address "controversies and reveals how at his late age, governing…

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Hastings to Liquidate Between Now and October 31

Per our previous reports, the stalking horse bid from liquidators Hilco and Gordon Brothers has prevailed, and it appears that no other offers were made at Wednesday's scheduled auction. While the plan requires final acceptance by the Bankruptcy Court on Friday, complete documents for a "notice of successful bidder and…

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