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Paulson Will Pull More Money Out of HMH with Secondary Offering and Share Buyback

Houghton Mifflin Harcourt's largest shareholder John Paulson and his associated investment funds will be cashing out another couple of pieces of his investment. The recently announced $300 million in stock repurchases announced by the board apparently includes a deal to buy $150 million of stock directly from Paulson's companies. The price…

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KDP Fund for February: Down Slightly Overall, Up Slightly Per Book

In their monthly retroactive declaration of how much KDP Select authors earned from Kindle Unlimited borrows for February, Amazon financed a total pool of $8 million -- down from $8.5 million allocated in January. That's the first time Amazon has reduced the monthly pool. The fee paid per borrow rose slightly,…

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Amazon and Hachette Finalize New Contract

Hachette Book Group and Amazon announced jointly on Thursday morning that "the companies have reached a new, multi-year agreement for ebook and print sales in the US." HBG ceo Michael Pietsch said, "This is great news for writers. The new agreement will benefit Hachette authors for years to come. It gives Hachette enormous…

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Harper Germany to Launch In 2015; Will Publish Silva In 16 Territories

HarperCollins is creating a HarperCollins Germany publishing program, expanding on the operation in Hamburg acquired as part of their purchase of Harlequin and launching in fall 2015 with approximately 50 Harper branded titles. The German initiative is itself just a first step, as Harper plans to take those 50 titles…

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Russo Writes to Authors Guild Members On Amazon

The Authors Guild distributed to members on Thursday a letter from novelist and AG vice president Richard Russo. It expands on remarks made by association president Roxana Robinson earlier in the week: "On Tuesday, Amazon made an offer to Hachette Book Group that would 'take authors out of the middle' of their…

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People

Charles Watkinson joined the University of Michigan Library on July 1 as associate university librarian for publishing and director of the University of Michigan Press. Most recently he was head of scholarly publishing services and director of Purdue University Press. At Macmillan, Ruth Esehak-Gillespie has been promoted to international sales and…

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Apple Asks For Next eBook Trial(s) to be Moved Back to California, Texas

Apple has not been doing well in New York's Southern District under Judge Denise Cote, so the company is trying a last-minute effort to get the damages trial moved to a different venue. Or rather, split into two venues. They want the judicial panel for multidistrict litigation to return the…

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The Truth About eBook Sales (Part 2): The Market Is Flat, and Self-Publishing Isn't Big Enough to Change That

This is the follow-up post to Friday's examination of The Discussion Over "Author Earnings." Let's use this opportunity to speak clearly about what we do know about the ebook sales landscape, since there is a lot of confusion and misunderstanding about the data that's available. The worst meme around is…

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DBW Opens: Shatzkin, CEOs, O'Reilly, Data and More

The fifth annual Digital Book World Conference officially opened on Tuesday morning in New York to record-setting attendance and exhibits. Morning highlights included a ceo panel with S&S's Carolyn Reidy, David Nussbaum of F+W Media, Sourcebooks' Dominique Raccah, and O'Reilly Media founder Tim O'Reilly and a separate presentation from O'Reilly…

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For Winter Institute 9, The Spring Season and Beyond: More Book Discoveries to Sample and Buzz

A year ago we experimented with extending our Publishers Lunch Buzz Books sampler of meaty pre-publication excerpts of notable new books to Winter Institute (also letting us cover the spring/summer publishing season) -- and an amazing 16 of those 28 books wound up as "best of the month" picks on…

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