The New York Times released their list of 100 notable books of 2022.
Archives for November 2022
People 11/23
Scholastic Buys Back Fewer Shares Than Allocated
Scholastic announced preliminary results of their “modified Dutch auction” launched in late October to boost the company’s stock price. Authorized to buy up to $75 million in stock, approximately 534,000 shares were tendered and will be purchased at $40 a share — costing the company about $21.35 million. As a result, the stock now trades just above $41 a share on the open market. Also in finance, following the termination of Penguin Random House’s deal to acquire Simon & Schuster, Bertelsmann is planning to float €750 million in senior unsecured notes, which will be used in part to buy back […]
Zombie eBook Class Action Suit Returns
The fanciful class action suit against Amazon and the five largest trade publishers, alleging that publishers were willing and direct participants in Amazon achieving monopoly-level control of the ebook market, is back in an amended version. At the end of September, US District Judge Gregory Woods had dismissed the case, but without prejudice, allowing the plaintiffs to refile, though it’s not clear why this new version should go any further than the previous suit. Federal Magistrate Judge Valerie Figueredo previously had concluded that the plaintiffs gave “no plausible explanation for why the publishers would have been motivated to participate in […]
Best of: Hudson’s Best Book of the Year, NPR
NPR's annual Books We Love list is back with 3,200 titles chosen by staff and critics.
People 11/22
Katherine Harrison has been promoted to executive editor at Random House Children’s.