Archives for September 2022
Merriam-Webster Parent Britannica Hopes for IPO or Capital Raise
Britanica Group is hoping to launch an IPO “as soon as next year,” Bloomberg reports, “according to people with knowledge of the matter,” who are apparently trying to seed interest in the market. CEO Jorge Cauz confirms in an interview, “We are seeing significant increases in revenue and increases in margin. So we want to continue to grow obviously. But since the market changes so rapidly, especially after Covid, we do want to tap into the public markets to accelerate that growth.” Those knowledgable people are hoping the parent of Merriam-Webster “could be valued at more than $1 billion.” The […]
Distribution: McNidder & Grace
Casemate Group now distributes McNidder & Grace in North America, providing marketing, sales, and distribution services. The company was previously distributed by Global Book Sales.
PRH Releases Post-Trial Briefs
The antitrust trial is only just now officially over. On Wednesday the parties filed their final objections to each other’s “proposed findings of fact and conclusions of law” (which were submitted last week), and by the end of day today redacted versions of all of those extensive documents become public. Only PRH’s redacted public filings were available as of press time; we will provide a full analysis of all of the filings when the DOJ’s are available. The findings of fact lay out in numbered sequence each party’s interpretation of the key evidence presented at trial. As we have suggested […]
NBF Medal for Distinguished Contribution to American Letters
People 9/8
Adam Wilson has been promoted to executive editor at Hyperion Avenue.