Hachette Book Group ceo David Young wrote to authors and agents with a short update on their April 1 transition to an agency model: “We are pleased to let you know that we have made arrangements with most of our eBook distributors to operate under this model. However, as with any transition, we expect there […]
Archives for March 2010
With new financing in place, Borders also reported fourth quarter and full-year earnings. The company made $59.9 million (91 cents a share) from continuing operations in the final quarter, much improved from $28.9 million (48 cents a share) a year ago, though adjusted EBITDA fell from $132.6 million to $91.3 million. Their debt net of […]
Borders announced after the close of the market that they have secured a $90 million term loan credit facility from Banc of America Securities as “sole arranger”, most of which matures in March 2014. The company “expects” that lenders will “include an affiliate of Stone Tower Capital, funds managed by Tennenbaum Capital Partners, and Gordon […]
There are a lot of crossed fingers, late hours, furrowed brows and open questions as at least part of the publishing business prepares for an April 1 to April 3 switchover to the agency model for ebooks. (Yes, even the day of change is unclear, since some of the Agency Five–now an accepted term of […]
Check out former Villard editorial director Bruce Tracy‘s long essay in the NY Post on his transitional year from being laid off by Random House to finding his way to satisfying roster of freelance editing relationships.NYP The shortlist for the UK’s Arthur C Clarke award for best sci-fi novel of the year was announced.Guardian
Durham, NC-area “landmark” for the African-American community, the Know Book Store and Restaurant has closed. Owner Bruce Bridges still hopes to find another space in which to reopen.Durham News Cambridge, MA-children’s bookstore Barefoot Books is moving from Porter Square to a new location in Concord.