Having overseen McGraw-Hill Education during its spinoff from McGraw-Hill to its standalone status as a private company owned by Apollo Global Management, ceo Lloyd G. “Buzz” Waterhouse, 61, will retire by the end of the year. He’s been in the post only since June 2012. Spokesman Daniel Sieger told the WSJ Waterhouse is stepping down for “a combination of personal and professional reasons,” but will remain on the board. A search is underway for a replacement. On Monday Crown “inadvertently” fed out catalog data indicating a May 6, 2014 pub date for former Secretary of the Treasury Timothy Geithner‘s memoir and a working title […]
Archives for August 2013
BN’s Klipper Sells Shares
Barnes & Noble retail group ceo Mitchell Klipper sold about two-thirds of his personal shares in the retailer over the past week, taking in roughly $5.6 million for about 400,000 shares. According to the SEC filing, Klipper still controls about 200,000 shares, and has additional interests in the company through his 401(k). A BN spokesperson told the WSJ that a prohibition on stock sales for senior management was removed on August 20 after the company said it was no longer looking at “strategic alternatives” for rearranging their assets, including a possible split of Nook Media and the rest of the […]
Apple Concedes to New Terms with Publishers, Resists eBook App Changes
The Federal Court docket now includes two separate filings from Apple’s attorney on Friday, presenting the company’s revised approach to the proposed injunction. Apple is walking a line between Judge Denise Cote’s guilty verdict and the company’s belief that they are innocent and their hopes to prevail on appeal. Nonetheless, Apple attorney Orin Snyder insisted in his letter to Judge Cote on Friday that the company “has attempted in good faith to listen carefully to the court’s concerns and address those concerns in a forthright manner, even while it pursues what it believes to be strong arguments on appeal.” Our […]
Fall Books Lists
Among the new lists of fall books to watch for are New York magazine’s The Season In Books and the Seattle Times‘ list of 43 titles to watch for — plus the Canadian Press surveys “homegrown highlights” among forthcoming books. Among the cited titles, you can start reading 8 of them right now in our big free ebook sharing substantive excerpts from 40 big forthcoming titles, Publishers Lunch Buzz Books 2013: Fall/Winter.
People, Etc.
Based on two anonymous sources, Shane Salerno’s forthcoming movie about the late J.D. Salinger and the tie-in book SALINGER co-written by Salerno and David Shields asserts that the late author instructed his estate to publish at least five posthumous books, “authorizing a specific timetable” for publication running from 2015 through 2020. The NYT says the books are described as including “a novel set during World War II and based on his first marriage to Sylvia Welter, and a novella modeled on his own war experiences.” A story collection called THE FAMILY GLASS would expand previously published stories about the Glass […]
DOJ’s Revised Proposed Injunction Against Apple Incorporates Some (But Not All) of Judge Cote’s Suggestions
On Friday morning the Department of Justice filed its revised proposed injunction against Apple with the Federal Court. The modest modifications made to government’s proposal largely incorporate Judge Cote’s suggestions at a hearing earlier this month, tapering the impact on the sale of regular apps, staggering the renegotiation process with book publishers — starting after two years, and finishing four years from the final judgment, and reducing the mandatory period of the injunction to five years (from ten), with the possibility of extensions. The change that concerns publishers the most — their negotiated and court-approved settlements are voided with respect […]