Vice president and publisher of WaterBrook and Multnomah Alex Field is leaving the company in September to start an author-consulting business. Crown has begun searching for his successor. Publisher for Christian Publishing Tina Constable writes, "He has been a true partner in helping me position WaterBrook and Multnomah for the future.... Alex…
Amazon: Bonds, Bombast, and Life Offline
Today's Amazon news spans a wide gamut. Yesterday, the company quickly completed their largest debt offering ever, raising $16 billion in seven tranches -- ranging from three-year to 40-year notes -- with "strong demand" from investors rewarding the company. They are reported to have paid approximately 90 basis points (o.9%)…
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Quarto Ends Talks With Potential Buyer
Quarto has quickly terminated the negotiations with a potential acquirer that were initiated five weeks ago, and announced on August 8 when they reported results for the first half of the year. The issue was not price -- the company continues to say that was "attractive and reflective of the inherent value…
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People, Etc.: Burke to Retire, Bergstrom Promoted At Gallery
Louise Burke will retire from Simon & Schuster on August 18, after 16 years with the company and a 40 year career in publishing. She joined S&S in 2001 as publisher of Pocket Books, and in 2009 she led the newly-formed Gallery Books Group, which combined Pocket and what was then Simon…
People, Etc.
At FSG, Laird Gallagher has been promoted to associate editor. Julia Ringo has joined as assistant editor; previously she was editorial assistant for Knopf. Camaren Subhiyah has joined Chronicle Books as senior editor for food and lifestyle. Previously she was editor for Abrams. Hafizah Geter has joined Amazon's Little A imprint and…
Briefs
At Macmillan Children's Ebony Lane has been promoted to senior rights manager, rights and permissions. Catherine Kramer has been promoted to subsidiary rights associate. Finalists were announced for the PEN Center USA Awards, in 8 categories, with the winners to be named in September. (The original version of this was a…
Soft Quarter Leaves Harper Sales Down for the Year
News Corp. reported fiscal fourth quarter 2017 earnings on Thursday afternoon, with HarperCollins recording sales of $407 million, down $26 million from a year ago (-6%). Of the decline, $19 million was simply because the same quarter a year ago comprised an extra week, and the company said negative foreign…
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September Library Reads
Little Fires Everywhere by Celeste Ng is the top pick on September's Library Reads list. The novel is also featured in our Buzz Books 2017 Fall/Winter sampler, available for download now. (Other picks excerpted in our Fall/Winter collection are noted with asterisks.) The rest of the list includes: *Sourdough, by…
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Merchandise Sales Continue to Lift Indigo
Canadian chain Indigo continues to post good results, driven by their transformation to "cultural department stores." Sales in their fiscal 2018 first quarter rose $13 million to $206 million (CA), with adjusted EBITDA of $100,000, compared to a loss of $6.1 million a year ago. The overall loss was $7.2…
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- Pearson Sells Global Education (English language training and test prep) Business to Puxin Education for About $80 Million
- Amazon Borrows $16 Billion Easily, Paying Small Premium to Treasuries
- Miller Considers the New Literary, True Crime Memoir
- That Was Quick: Quarto Terminates Takeover Discussions, and Stock Drops to New Low
- Restructuring and "Growing Estrangement" Led Up To Kakutani's Departure From the Times
- People, Etc.
- Amazon: Bonds, Bombast, and Life Offline
- Quarto Ends Talks With Potential Buyer
- People, Etc.: Burke to Retire, Bergstrom Promoted At Gallery
- People, Etc.
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