Bankrupt German book wholesaler KNV (Koch, Neff and Volckmar) was auctioned by the trustee to Berlin-based privately owned logistics company Zeitfracht. The sale price was not disclosed, but the creditors’ committees have approved the purchase agreement. Zeitfracht says it will retain all employees — approximately 1,600 jobs — and continue to operate KNV’s three locations. Press release Subscription service Scribd is formally rolling out Snapshots (which launched in beta in February), “designed to offer key insights of a book in about 15 minutes to spark subscribers’ interest in reading the book in its entirety.” It’s “the literary equivalent of a […]
