Denmark-based Egmont has agreed to buy Bonnier’s half of their jointly-owned publishing house in Norway, Cappelen Damm, for NOK 1 billion ($120 million). The company was formed in 2007 by the merger of Egmont’s Damm and Bonnier’s Cappelen. Cappelen Damm had sales in 2020 of NOK 1.3 billion ($156 million), with pre-tax profit of NOK 91 million. Egmont Books had sales from its other primary unit, Lindhardt & Ringhof in Denmark, of 63 million euros in 2020 ($72 million), so full ownership of Cappelen Damm will add significantly to their size. Egmont sold Egmont Books UK along with their book […]
Archives for June 2021
Simon & Schuster ceo Jonathan Karp said in his latest Word According to Karp video that John Bolton had a different title in mind for his book last summer: “The original title of the book, Ambassador Bolton wanted to call it A Hard Pounding, which was actually a quote from the Duke of Wellington after the Battle of Waterloo.” (Our copy-editing department notes the remark was made during the battle, while the Duke’s troops awaited the arrival of their Prussian allies, hence the full quote, “Hard pounding this, gentlemen, but we will see who can pound the longest.”) Karp adds, […]
Covid was hard on Barnes & Noble Education, which had been struggling even in normal conditions. Sales for the fourth quarter ending May 1 were $223 million, down 13 percent from $257 million a year ago (which was an unusual 14-week quarter), already a low bar given the impact of Covid last year. Two years ago, a more normal fourth quarter had sales of $334 million. The operating loss was a big ($59) million, worse than ($52) million a year ago. For the full year, sales fell to just $1.434 billion — compared to $1.851 billion in the previous year. […]
The ABA named Charlotte McConaghy’s Once There Were Wolves as the No. 1 pick for August’s Indie Next List. Also on the list is Ash Davidson’s Damnation Spring, excerpted and available for download in our Buzz Books 2021: Spring/Summer sampler. The rest of the picks: Nightbitch, by Rachel Yoder She Who Became the Sun, by Shelley Parker-Chan The Manningtree Witches, by A.K. Blakemore Intimacies, by Katie Kitamura Afterparties, by Anthony Veasna So All’s Well, by Mona Awad We Are the Brennans, by Tracey Lange Mrs. March, by Virginia Feito Radiant Fugitives, by Nawaaz Ahmed Appleseed, by Matt Bell If the […]
At noon Eastern on Wednesday, July 7, publisher of Pamela Dorman Books/Viking Pam Dorman joins as us as the next of our featured regular guests in the new PM user form, Discuss. She’ll answer questions such as submitting to overwhelmed editors; what editors look for in proposals; and more.