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Archives for July 2011

Monacelli Press Buys Back Its Independence

July 29, 2011
By Michael Cader

Publisher and founder of The Monacelli Press Gianfranco Monacelli has led a buyback of the publisher of visual arts, design, and architecture books from Random House, which purchased the unit in early 2008. Terms were not disclosed, but Monacelli will become a sales and distribution client of Random House Publisher Services. Monacelli says in the […]

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August 10 Hearing Set for Approval of Auctions for Borders’ Intellectual Property and Leases

July 29, 2011
By Michael Cader

Borders has filed proposed plans for multiple auctions of their intellectual property assets and leases, and an omnibus hearing before Judge Martin Glenn has been scheduled for August 10 to rule on those motions and other objections. They want to auction their IP assets on September 14, with bids due September 8, and can sell […]

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Penguin Profits Rise As Pearson Gains On All Fronts

July 29, 2011
By Michael Cader

Pearson released results for the first half of their year on Friday, reporting sales for Penguin that are both up and down. On the pure numbers, sales of £457 million were down £36 million, or 7 percent (and down less on a constant-exchange basis), and operating profit of £42 million fell £2 million. But an […]

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Results Fall At Harlequin As Print Declines Exceed Digital Gains

July 29, 2011
By Michael Cader

Harlequin’s parent company Torstar also reported second quarter results today. The book publishing unit had sales of $110.3 million (CA), down by $7.3 million, or 6 percent. EBITDA was down $4.7 million in the quarter, or 21.5 percent, at $17.2 million. In a familiar refrain for many, “declines in print retail revenues more than offset […]

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Vague Rumor of Interest in Barnes & Noble from Apple Stirs Market, Briefly

July 28, 2011
By Michael Cader

It was a funny (as in odd) day in publishing-related market rumors Thursday. Boy Genius Report “received a tip from an unproven source claiming to have knowledge of discussions within Apple to possibly purchase Barnes & Noble…. It also almost makes too much sense for Apple to do this, said another source of ours, mentioning […]

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UK’s World Book Night Comes to US Under Carl Lennertz

July 28, 2011
By Michael Cader

A US division of the UK’s World Book Night program is being formed under the direction of HarperCollins vp, retail marketing Carl Lennertz, who starts there September 1. The second annual World Book Night will take place April 23 in the US and the UK. Twenty-five titles for the UK will be announced at the […]

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