Another Boss Quits Pan Macmillan managing director David North is leaving at the end of this week after eight years with the company. He remarks: “I leave the company in great strength coming off the back of a record sales year and a strong first quarter performance. Pan Macmillan is set for an exciting future and I wish them every success.” The company quickly named former Penguin UK executive Anthony Forbes Watson as interim managing director, starting May 1. Macmillan ceo Annette Thomas he “will create a stable and smooth transition period until a permanent appointment is made.” More Personnel […]
Archives for April 2008
Lunch for Tuesday, April 8
Pulitzers In case you haven’t seen the full list: Fiction The Brief Wondrous Life of Oscar Wao, Junot Diaz History What Hath God Wrought: the Transformation of America, 1815-1848, by Daniel Walker Howe Biography Eden’s Outcasts: The Story of Louisa May Alcott and Her Father, by John Matteson Poetry Time and Materials, by Robert Hass and Failure, by Philip Schultz General Nonfiction The Years of Extermination: Nazi Germany and the Jews, 1939-1945, by Saul Friedlander Tracy Letts won the drama prize for August: Osage County and Bob Dylan was given a special citation in music. Personnel News and Announcements Following […]
Luch for Monday, April 7
Loan Shark Improves Borders Deal, but Basically Sets October Date for Resolution Borders announced that they negotiated a slightly better financing deal with major shareholder Pershing Square for their $42.5 million term loan. Pershing will get 9.8 percent interest (instead of 12.5 percent), and it appears that they reduced the guaranteed number of stock warrants Pershing Square will receive by about a third, down to 9.55 million warrants from the original promise of 14.7 million warrants. Look at the finer print, though, and Pershing Square is practically ensured getting those extra 5.15 million warrants. They receive them if “a definitive […]
Lunch Weekly for Monday, April 7
Deal Reports Just e-mail to deals@PublishersMarketplace if you aren’t using the online form linked below. Report a deal using the online form The Key As usual, the handy key to our Lunch deal categories. While all reports are always welcome, those that include a category will generally receive a higher listing when it comes time to put them all together. “nice deal” $1 – $49,000 “very nice deal” $50,000 – $99,000 “good deal” $100,000 – $250,000 “significant deal” $251,000 – $499,000 “major deal” $500,000 and up FICTION Debut Scientist, doctor and researcher with over 50 major awards in science […]
Lunch for Friday, April 4
More on Miller Bob Miller’s new experimental start-up with HarperCollins took shape quickly after a casual discussion over drinks with Harper ceo Jane Friedman at the end of February. Miller says that he was “feeling restless and didn’t know what next mountain to climb” and was “talking about my frustration with the paradigms in this business.” He explained to Friedman how we would theoretically “do it all over again” and she encouraged him to put that plan into action. “I realized this was my time,” Miller says. On some of the specific intentions of the new line, a 50/50 profit […]
Lunch for Thursday, April 3
Hyperion’s Bob Miller in Harper Start-Up Founding publisher at Hyperion Bob Miller is leaving the company after 17 years to “launch a new global publishing program based on a non-traditional business model” starting on April 14 described as a “creative publishing ‘studio’ that challenges conventional trade publishing standards.” They add: “Miller will publish approximately 25 popular-priced books per year in multiple physical and digital formats including those as yet unspecified, with the aim to combine the best practices of trade publishing while taking full advantage of the internet for sales, marketing and distribution. Authors will be compensated through a profit […]