In the continuous restructuring of F+W Media, the top three executives were dismissed from the company as Monday, according to an internal memo provided to Publishing Perspectives. Consultant Greg Osberg was appointed interim CEO and “charged…with accelerating the transformation already underway.” CEO Tom Beusse, coo Joe Siebert, and cto Joe Romello all left the company. Beusse was hired just under 2 years ago. The corporate website still lists Adams Media as one of their properties, even though it was sold to Simon & Schuster over a year ago. The company still publishes books under imprints including David & Charles, Krause Publications, and […]
Archives for January 2018
Penguin Random House Buys Rodale Books
Penguin Random House announced Tuesday it has purchased the trade-book publishing assets of Rodale Books from Hearst — the new owners of Rodale — and will “take over the publication of its frontlist and backlist titles effective immediately.” Longtime distributor for Rodale Books Macmillan will continue to sell and distribute the titles for the time being. PRH spokesperson Claire von Schilling tells us, “It is the expectation that we will transition to PRH platforms in the first half of the year, on a timeline that ensures that we can take care of the authors and the books as seamlessly as […]
Barnes & Noble Stock Heads to Fresh Low
As we had reported on Friday, Barnes & Noble’s poor holiday sales and reduced earnings guidance drove the bookseller’s shares over 13 percent to new all-time lows, closing at $5.60 a share. In early Tuesday trading, shares were pushed down further, to approximately $5.125 a share, down another 7 percent or more for the day so far. That brings the bookseller’s market cap down to about $370 million.
People, Etc.
At Random House, Caitlin McKenna and Anna Pitoniak have both been promoted to senior editor, while Emma Caruso moves up to assistant editor. Stephanie Doig has been promoted to associate editor at Harlequin. Michelle Meade has been promoted to the associate editor at Mira Books. At Graywolf Press, Casey O’Neil has been promoted to sales director. Caroline Nitz has been promoted to senior publicity manager. Mary Anne Thompson Associates has been appointed US scout for Greek publisher Metaichimio. In the UK, Jenny Savill has joined the board of directors at Andrew Nurnberg Associates. Picks Books-A-Million named Matt Haig’s novel How to Stop Time as its […]
Macmillan Has 1 Million Fire and Fury Hardcovers In Process, Sold “Hundreds of Thousands” of eBooks
Macmillan ceo John Sargent gave the WSJ some long-awaited data on sales for Michael Wolff’s FIRE AND FURY, noting, “We have never seen a book sell at this rate here at Macmillan.” One day ahead of the original publication date of January 9, Sargent indicated “the publisher is reprinting as quickly as it can, he said, and now has more than 1 million hardcover copies in the pipeline.” (The company says it has orders for more than a million books, and is printing to meet the demand.) It will take until some time “next week” to be “caught up with […]
Perfection: Milo Yiannopoulos Will Represent Himself In Simon & Schuster Lawsuit
After Milo Yiannopoulos’s attorneys at Meister Seelig & Fein withdrew from representing him in his breach of contract lawsuit against Simon & Schuster, Milo announced on Monday he will represent himself. He claimed in a statement on Facebook that the “source of disagreement” with his lawyers was over “Simon & Schuster’s discovery tactics,” in which they received permission from the court to make substantial portions of the case’s discovery confidential, limited to “attorney’s eyes only.” Milo says that means “I am not allowed even to see what has been said about me and my book in my own lawsuit…. Therefore, I […]