Fritz Foy has been promoted to president and publisher of Tom Doherty Associates, continuing to be based in Santa Monica and New York, as Tom Doherty moves into the role of chairman. Doherty said in the release, “Fritz has had an impressive career in publishing, first at Simon & Schuster, and for the last 21 years at Macmillan. He has had roles in sales, marketing, operations, technology, workflow, production, and analytics. He brings with him a passion for books and publishing. For the last decade he has been actively engaged with me at Tor Books.” Foy adds, “I am thrilled to […]
Archives for March 2018
Barnes & Noble Plans 5 More New Stores, Takes Big Charge After Poor Holiday
“Even when an organization is working with a sense of urgency…turnarounds take time,” Barnes & Noble ceo Demos Parneros told investors on this morning’s third quarter conference call, after reporting a poor holiday quarter (in line with their previous warning), layoffs, and a big non-cash charge. His job on the call was to assure investors that management has a clear plan for long-term improvement: “We expect our plan to provide steady and consistent improvement beginning in fiscal 2019 and beyond.” Parneros revealed that BN “will open five new prototype stores” in the coming year in a smaller “right-size format,” with […]
April Buzz Books Monthly
With the continued success of our big Spring/Summer Buzz Books collection, we present the latest in our monthly sampler program, April Buzz Books Monthly. Available now for download on Amazon, iBooks, and NetGalley, the sampler includes exclusive, pre-publication excerpts of seven titles due out in April. Our April edition features four novels and three nonfiction titles. Fiction selections include Country Dark by Chris Offutt, followed by three debuts: We Own the Sky by Luke Allnutt, This I Know by Eldonna Edwards, and The Oracle Year by Charles Soule. And the nonfiction excerpts include: The Fox Hunt: A Refugee’s Memoir of Coming to America by Mohammed Al Samawi, […]
Alexie Addresses Accusations, Apologizes “To the People I Have Hurt”
Following a growing tide of second-hand allegations on Twitter of harassment, with an accompanying tide of media investigating and making inquiries, author Sherman Alexie issued a statement on Wednesday in which he apologized broadly to “the people I have hurt,” admitting vaguely to making “poor decisions.” In the same statement, he directly and specifically “reject[s] the accusations, insinuations and outright falsehoods made by Litsa Dremousis, who has led the charges against me” on Twitter. Alexie says that he and Dremousis “had previously been consenting sexual partners,” ending that relationship in 2015. In late 2017, Alexie writes that Dremousis emailed his […]
March Bookseller Picks
Amazon named Shobha Rao’s Girls Burn Brighter as their spotlight pick for March, and Children of Blood and Bone by Tomi Adeyemi as their featured debut. Also on their list is Mario Giordano’s novel Auntie Poldi and the Sicilian Lions, which is excerpted in our Buzz Books 2018 Spring/Summer, available to sample now. The rest of Amazon’s top picks: Barbed Wire Heart, by Tess Sharpe I’ll Be Gone in the Dark, by Michelle McNamara Enlightenment Now, by Steven Pinker Broad Band, by Claire L. Evans Crimson Lake, by Candice Fox Gun Love, by Jennifer Clement The Italian Teacher, by Tom […]
Barnes Education Sees Sales Gains, Takes Huge Writedown
Barnes & Noble Education reported its third quarter results for the 13-week period ending January 27. While sales of $603 million increased $82 million, or 15.7%, as compared to a year ago, BNED incurred a net loss of $283 million, compared to net income of $3.8 million the prior year. The recent acquisitions of MBS and Student Brands once again accounted for the sales gains, as they did in the company’s second quarter. After conducting its annual goodwill impairment test, the company was forced to admit that goodwill vastly exceeded their estimated fair value, due to the reduction in BNED’s […]