Self-publishing platform FastPencil has been acquired by printer and publisher Courier. The news was announced after the close of the market on Tuesday, and just ahead of Courier reporting second quarter earnings on Wednesday morning. The terms were not disclosed for now, but for Courier — with roughly $260 million in annual sales — it’s […]
Archives for April 2013
Learn, and Save
This is our final reminder that after today, the early enrollment savings on our big Publishers Launch BEA conference on Wednesday, May 29 expire and tickets go to full price. The event features a timely and strategic focus on the big issues that matters most right now and going forward: Scale and Consolidation. Top executives from […]
People, Etc.
Michael Cairns is joining Publishing Technology as chief operating officer of their online solutions division, replacing Louise Russell. His responsibilities include their pub2web hosting platform and the ingentaconnect portal. Most recently Cairns has been a consultant and served as chief revenue office for SharedBook, focused on their Academic Pub platform. Greenhouse Literary Agency has hired Polly […]
Imprints: Morrow’s Digital Mystery Imprint Witness Launches in October; Monthly Digital Royalties Start In August
The digital-first mystery and thriller imprint that William Morrow first announced when they hired executive editor Dan Mallory last August will formally launch in October under the name Witness. The first 10 titles releasing that month are largely from UK authors including Stephen Booth, Frances Fyfield, Emlyn Rees, and Rory Clements. (Mallory was at Little Brown […]
McGraw-Hill’s Final Report on Education
McGraw-Hill reported first quarter 2013 earnings, following the sale of their education business for $2.4 billion on March 22. The education results are covered only briefly, as a discontinued operation. They booked a net gain of $612 million on the sale of the business, and reported net income for the quarter of $582 million (reflecting […]
Macmillan Finalizes State & Consumer Settlement, Will Pay $26 Million
State and consumer class action attorneys filed notice last week that they have finalized their settlement with Macmillan, first announced in January. The publisher will not only pay out $20 million to settle the suits, as planned, but will also pay $3 million to cover litigation and “investigation” costs; $2.475 million for plaintiff’s attorney fees; […]