Archives for October 2023
People 10/27
Gendell and McGuigan Agree to Payment of Some Commissions
There has been one modest point of agreement in the long-running legal disputes between former Foundry Media Partners Yfat Reiss Gendell and Peter McGuigan. The parties agreed on the least contentious issue before the court: Payment to McGuigan of almost $500,000 in commissions earned from 2020 through 2023. Additional commissions of almost $200,000 from 2016 to 2019 are still in dispute, as are the larger claims and counter-claims between the two. The court has scheduled an evidentiary hearing on December 20 regarding the period still in dispute, and to assess damages, if any, for the failure to previously approve those […]
People 10/26
Cindy Murray has been named vp, senior director of publicity, marketing and brand strategy for the Harmony Rodale imprints. She will transition from her role as publicity and marketing director for the Christian publishing program.
Scholastic Issues Additional Update on Segregated Book Fair Collection
Scholastic posted an additional update on its Share Every Story book fair program, with much more measured language than trade president Ellie Berger’s apology to authors and agents. “As we reconsider how to make our Book Fairs available to all kids, we will keep in mind the needs of our educators facing local content restrictions and the children we serve,” the statement reads. “It is unsettling that the current divisive landscape in the U.S. is creating an environment that could deny any child access to books, or that teachers could be penalized for creating access to all stories for their […]
Bloomsbury Reports Highest-Ever First Half
Bloomsbury announced results for the first six months of the year, ended August 31, reporting a record high first half. Sales were £136.7 million, up 11 percent. Profit before taxation and highlighted items also grew 11 percent to £17.7 million. In the consumer division sales were up 17 percent to £89.4 million, with profit before taxation and highlighted items of £11.2 million (up 26 percent), driven by the children’s business. Children’s trade grew 22 percent to £61.7 million, driven by a 79 percent growth in Sarah J. Maas titles. Adult books grew 8 percent to £27.6 million as Samantha Shannon […]