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 Deal Reports Just e-mail to deals@PublishersMarketplace.com if you aren’t using the online form linked below. Report a deal using the online form FICTION Debut Actress Lauren Graham’s YOU’LL NEVER MAKE IT, the story of a struggling […]
Archives for April 2011
Comprehensive Nook Color Update Includes Email, Apps, and Social Networking, Plus New Ad Campaign
This morning Barnes & Noble confirmed what had been rumored over the weekend a major firmware update to Nook Color (now on Android’s 2.2/Froyo OS) that makes the device a lot more like a proper tablet, with new apps, additional illustrated and enhanced ebooks, the ability to check email, more magazines for sale, and social networking. Nook Email allows users to check a variety of accounts, while social networking service Nook Friends allows for book-swapping and targeted library lending, “liking” titles and viewing other customer recommendations. “Frankly most of the things they have asked us about are very popular tablet […]
Bookselling: The Future of Davis-Kidd; Waterstone’s Rumors; Store Closings; and More
The results of last week’s auction of remaining Joseph-Beth stores seemed to spell an uncertain future for its Davis-Kidd location in Memphis. Liquidation firm Gordon Brothers was the top bidder, and will start to wind down operations (pending court approval on Wednesday) unless a workaround can be found. That workaround, according to the Commercial Appeal, is if landlord Laurelwood Shopping Center and its president Tom Prewitt decides to help. “We tried to reach out to the mall (Laurelwood) ownership prior to the closing of the auction and work out a deal, but were rebuffed,” said Joseph-Beth ceo Mark Wilson. Bookseller […]
Publishing Slides in Second Quarter For Courier on Borders Writedown Charge
Courier’s publishing units had sales of $10.1 million, down 14 percent compared to a year ago, with lower sales to Borders (and a $750,000 one-time restructuring charge thanks to the chain’s Chapter 11 bankruptcy) accounting for the largest part of the shortfall. Where Borders made up 9 percent of segment revenue in the company’s first six months last year, now it only made up 2 percent for FY2011 to date. Excluding the writedown, the segment lost $1.2 million, a far cry from a year ago when it broke even. Ceo James Conway said, “We felt the same pressures as most […]
With Revised Bonus Plan Approved, Borders Seeks $50M More in Financing
If only Borders could bring the same energy and focus to their business plan that they’ve brought to incentivizing their leadership, they might have a chance for survival. After additional revisions and negotiations, a Federal bankruptcy court approved Borders’ executive bonus plan on Friday. The disbursement of up to $6.6 million in management bonuses for ten executives (40% of their base salary) and five senior executive bonuses (55% of base salary) is contingent on Borders reducing its annual rent by $10 million for each of 2011 and 2012, and the court approving a sale or reorganization plan by November 16. […]
People, Etc.
Lynda Zuber Sassi has been named director of special sales for Ryland Peters & Small and CICO Books. She was previously a national accounts manager at Chronicle Books. Effective May 1, Square One Books will be distributed by Thomas Allen & Son. Previously they were distributed by the University of Toronto Press. At Simon & Schuster Children’s, Andrea Welch has been promoted to senior editor, Beach Lane Books. Greg Britton will join the Johns Hopkins University Press as editorial director on May 16, where he will also be a senior member of the press’s executive committee. Previously he led the […]