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Merger Negotiations, Italian Style

After a 10-hour meeting, the board of Italy's RCS Media Group provided a polite, positive but inconclusive step forward on Mondadori's bid to purchase RCS's book publishing division -- a process which began in February. The board "unanimously agreed to mandate the chief executive officer to proceed with the negotiations and the…

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For Now, Profits Rise On Lower Sales for Mondadori's Publishing

As Italy's Mondadori waits on today's board review of their offer to buy the book publishing operations of rival RCS, the company reported results for the first half of 2015. Book division sales of 123 million euros were down 4.3 percent compared to 128.5 million euros a year ago, but…

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eBooks: Kobo in Mexico, Amazon In NY Schools

Kobo is joining with Mexican publisher and retailer Libreria Porrúa (with almost 70 bookstores) and bookstore chain Gandhi (with close to 30 stores) to power a new ereading service for Mexican readers called Orbile. They plan to launch an ebookstore in September with a catalog that will include over 70,000 titles. Both Porrúa and…

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Von Moltke Promoted At Penguin Random House; Australian Cookbook Imprint Curtailed

Nina von Moltke has been promoted to the new position of evp, director, publishing development and author platforms at Penguin Random House, continuing to ceo Markus Dohle, and she joins the Penguin Random House North America board as well. Now reporting to von Moltke are Peter Gethers in his role as president of Penguin Random House Studio…

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Corporate: Holtzbrinck Will Also Drop DRM In Germany; BookTrack Raises More

A meaningful portion of the big ebook publishers in Germany -- where Kindle has lower market share than in many other developed ebook markets -- is moving away from formal DRM to digital watermarking instead. Holtzbrinck's trade imprints are the latest to make the move, as of August. Their lines…

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People, Etc.

Wendy McCurdy will return to Kensington, as editorial director, starting August 3. She was previously an executive editor at Berkley and prior to that a senior editor at Bantam Dell after starting her career at Kensington's Zebra Books. Philip Turner has returned to his roots as a bookseller, working at the new Rizzoli Bookstore in New York,…

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New Leadership for Jonathan Cape

In the UK, Jonathan Cape publishing director Dan Franklin will step down at the end of year, with current Harvill Secker deputy publishing director Michal Shavit taking over from Franklin. Current editorial director Alex Bowler will move up to deputy publishing director, and Robin Robertson will be associate publisher. Franklin will…

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RCS Weighing Formal Buyout Offer from Mondadori, As Three Italian Agencies Merge

Catching up on news from last week, Italy's Mondadori Libri formalized their initial February offer to buy their biggest competitor, RCS Libri. The proposed price was not announced, but the Italian press says the offer was for 135 million euros (after a range of 125 million to 150 million euros…

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People, Etc.

At Trident Media Group, Tara Carberry has been promoted to associate agent, continuing to work with Kimberly Whalen and Erica Spellman Silverman. Dawn Ryan has been promoted to managing editor for Knopf Children's. KF Literary Scouting is now scouting children's, young adult, and new adult titles on behalf of Bayard in France and…

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Bookselling: Amazon Expands in Mexico; Indigo Expands Store Discounts; and More

Two years after launching its Kindle store in Mexico, Amazon has expanded to offer a broad spectrum of physical goods, including printed books, at http://amazon.com.mx/. Offerings include the three versions of the Kindle e-reader. Indigo will now discount 100 top-selling and bookseller-recommend books by 40 percent, ceo Heather Reisman tells the Globe…

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