Authors waiting for overdue royalty payments from Foundry Literary have been watching anxiously for news that the agency has secured new bank accounts after City National Bank served notice that it intended to close Foundry’s accounts at the end of February. An author reports they have been told by two people with direct knowledge of…
Pearson Sales and Profit Down in 2020 as Management Predicts a Return to Growth
Following on their January trading update, Pearson announced full earnings for 2020. Sales were £3.4 billion, a decrease of £472 million, or 10 percent, as reported in January. Of the decline, £55m was due to scope changes, and £31 million from negative currency impact. Operating profit was £411 million, up from £275 million, but for…
Frankfurt Book Fair Opens Registration for a Live Event
Frankfurt Book Fair organizers intend to convene a live, if smaller, exhibition this October, and have opened registration for the event. Organizers say, “This year’s book fair is planned as an in-person event with additional digital formats, and can be flexibly adapted to pandemic-related developments. The focus will be on the international rights business and…
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Jennifer Kasius has joined the ghostwriting and publishing services firm Kevin Anderson & Associates as executive editor. She was previously editorial director at Running Press. Melinda Kennedy has joined The Experiment as senior publicist. She was previously marketing manager at University of Chicago Press. At Penguin Canada, Deborah Sun de la Cruz has been promoted…
Forthcoming: New EL James Book In June
As part of the recently-announced initiative in which E L James will move her backlist to Sourcebooks and serve as “keystone author” in a new imprint providing a “joint publishing model” a new publication has been announced. FREED, the conclusion to James’s Fifty Shades Trilogy as Told by Christian series will publish on June 1,…
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Callie Garnett has been promoted to senior editor at Bloomsbury. At First Second, Molly Johanson has been promoted to designer, and Sunny Lee has been promoted to senior designer. Fellowships Zibby Owens, host of the Moms Don’t Have Time to Read Books podcast, has launched a fellowship for debut women memoir writers to complete their…