In a significant victory for authors and publishers, on Friday New York Federal Court Judge John Koeltl ruled swiftly, clearly and conclusively, granting summary judgment for the litigating publishers against the Internet Archive on the allegations of mass copyright infringement. The judge wrote: “At bottom, IA’s fair use defense rests on the notion that lawfully acquiring a copyrighted print book entitles the recipient to make an unauthorized copy and distribute it in place of the print book, so long as it does not simultaneously lend the print book. But no case or legal principle supports that notion. Every authority points […]
Archives for March 2023
People 3/24
Scholastic Lowers Guidance as Seasonally Soft Quarter Is Softer Than Expected
On Thursday Scholastic announced earnings for their fiscal third quarter ending February 28, with sales down from last year, resulting in a lowered outlook and a falling stock price. They now expect full year sales growth of 4 percent rather than the previously expected 8 to 10 percent, and adjusted EBITDA of $175 million to $185 million, down from a forecast of $195 million to $205 million. The stock fell sharply, down over 20 percent in the first hour of trading on Friday, on the reduced expectations. Sales for the quarter, which president and ceo Peter Warwick was quick to […]
Manuscript Thief Bernardini Sentenced to Time Served and Will be Deported
Judge Colleen McMahon sentenced Filippo Bernardini to time served on Thursday, following his guilty plea to one count of wire fraud related to his years of stealing pre-publication manuscripts. Bernardini had already agreed to pay restitution of $88,000 to Penguin Random House, to be paid in monthly installments given his limited means. His sentence includes 3 years of supervised release, though he is also ordered to be deported to the UK or Italy. The charge carried a maximum possible sentence of 20 years in prison. Assistant US Attorney Daniel G. Nessim had written that, “A sentence of at least one […]
People 3/23
At Sourcebooks, Ashley Holstrom has been promoted to eBook production coordinator.
Distribution: Plumleaf Press
Plumleaf Press will be distributed by University of Toronto Press Distribution as of April 1.