Penguin Random House announced internally on Wednesday an early retirement buyout offer for veteran employees, described in a post from chief human resources officer Frank Steinert: “We are pleased to announce that we are making available a Voluntary Separation Offering (VSO) for a set of our long-tenured employees.” They suggest it “might be helpful” for…
Quarto Approves Taking On Still More Debt
At a special meeting, Quarto Group shareholders approved an amendment to the company by-laws so that they can take on still more debt (which stood at $64 million as of their last annual report). Just over 10 million shares, or a little over half of the shares outstanding, voted in favor of the proposal. Almost…
People, Etc.
At Workman Children’s, Pam Bobowicz joins as senior editor; previously she was with Abrams. Maria Elias joins as associate art director; previously she was with Disney Publishing Worldwide. Katie Saunoris will join Penguin Random House Canada in the newly created position of director, communications, reporting to report to Beth Lockley, vp, marketing and communications. She was most recently manager, communications…
People, Etc.
Cheryl A. Young is retiring from her position as executive director of the MacDowell Colony, which she has held since 1997. Young will remain in her position until her successor is in place in early 2019. She said, “Not only has MacDowell been a home to me, it has been a great joy to be around…
Acquisitions: HBG Buys Worthy Publishing, As Insight Editions Buys Weldon Owen
Hachette Book Group has agreed to acquire the assets of Nashville, TN-based Christian publisher Worthy Publishing. When the deal is finalized, Worthy will become part of Hachette’s Nashville publishing division. Worthy publishes across categories including inspiration, fiction, Bible study, current events, devotion, leadership, biography, and personal growth. Their fall list includes Mike Huckabee’s new book,…
Barnes & Noble’s Second Time Explaining, Any More Charming?
Barnes & Noble chairman Len Riggio spoke with the NYT as well as the WSJ (which we covered on Friday). We know what you think about how these reports sound, worried that the bookseller is “mired in a leadership crisis” and that the turnaround now rests on Riggio’s “‘5,000’ ideas for how to lure customers…