Archive | International News RSS feed for this section

Pearson "Completed Our Intense Two Year Restructuring"; Names PRH's Williams CFO

Pearson announced preliminary annual results Friday morning, with sales of £4.874 billion down 4 percent (but up 2 percent on a constant-exchange-rate basis) and higher operating profit of £720 million -- with lower restructuring charges but a higher tax rate, leaving  earnings down to 66.7 pence per share, compared to 70.1…

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

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

Mondadori Offers to Buy RCS Media's Book Division

When Mondadori Editore spun off their book publishing and distribution units as a separate company as of January 1, the company indicated it would help them to pursue "partnership and merger opportunities" to grow. With little delay, on Wednesday Mondadori made a non-binding offer to acquire competitor RCS Libri (a…

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

Faber Ends US Partnership with FSG

Farrar, Straus and Faber and Faber announced jointly on Tuesday that they will terminate their 17-year partnership in the American-based Faber and Faber, Inc. effective immediately. FSG will retain the rights to all of the titles published through the partnership and will migrate them to the FSG colophon over the…

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

People, Etc.

William Smith will join MIT Press as director of intellectual property licensing on March 9. Previously he was at Perseus, holding the dual roles of director of subsidiary rights for Perseus Books & director of digital business development for Constellation. At Bookshout, Tim Murray has been named vp, sales. Previously…

Continue reading

Corporate: BAMM Committee, Quarto Refinances, and More

As expected, the board of Books-a-Million has formed a special committee of independent directors to consider the latest proposal from the family of chairman Clyde Anderson to take the company private by buying all outstanding stock for $2.75 a share. Quarto announced an agreement for a a new four-year, $95…

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

Waterstones' Sales Continuing Falling, But Daunt Expects Operating Profit Soon

Following the results of Waterstones in the UK is confusing, for two reasons. The first is that the privately-held company releases data on a delayed basis; in late January or early February, they file a government document that shows sales for the fiscal year ending the previous April. (So their…

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

People: On George Nicholson, and More

Sterling Lord Literistic agent George Nicholson, 77, died on Tuesday. Before joining SLL in 1995, he founded Delacorte Press and Yearling Books, and was publisher of Books for Children at The Viking Press. At Hachette Book Group, recently-appointed svp group sales director Chris Murphy announced a reorganization of the sales group to "better align…

Continue reading

Merch Sales Lift Results At Indigo

Canada's Indigo -- the country's "largest book, gift and specialty toy retailer" -- reported results for the quarter ending December 27, with sales rising 2 percent to $339 million (CA), and adjusted EBITDA increasing $8 million to $41 million. Same-store sales were up 5.5 percent at their superstores and down…

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

People, Etc.

On Tuesday, the UK's Sky News reported that Pearson chairman Glen Moreno is "preparing to leave the company later this year" after 10 years there. Their sources say that Pearson has retained a headhunter to oversee the recruitment of a new chair. (It had been announced previously that Moreno will…

Continue reading