Archives for February 2024
People 2/7
Senior vice president for distribution in Maryland Vince Annoreno will retire on October 1 after 35 years at Penguin Random House.
People 2/6
Children’s Sales Gained in November, While Adult Books Fell
The Association of American Publishers released sales data for November from participating StatShot publishers, reporting trade sales down 1.5 percent to $775.2 million. Adult books sold $513 million, a 6 percent drop from the previous year. Hardcovers sold $213.6 million, down 4 percent, and paperback sales fell 12 percent to $137.9 million. Ebook sales were also down, 6 percent to $68.6 million, while digital audio sales rose 15.5 percent to $70.1 million. In YA and children’s books, sales were up 8 percent to $261.1 million. Hardcovers sold 100.6 million, a gain of 11 percent, while paperbacks rose 12 percent to […]
Indigo Receives Buyout Offer
Indigo’s largest stakeholder has made a bid to buy out the remaining shares of the company and take it private, the Canadian Press reports. Trilogy Retail Holdings and Trilogy Investments own 56 percent of the company and would acquire the rest of the shares at $2.25 in cash per common share. At the time of the announcement, the stock price was $1.50. On Monday, it closed at $2.15. Both Trinity companies are personal holding companies owned by Gerald Schwartz, who is married to Indigo CEO Heather Reisman. Schwartz is on Indigo’s board.
New Books Publishing February 6
This week’s fiction releases include new novels by Kristin Hannah and Paul Theroux, plus a collaborative short story collection from the Authors Guild. Sheila Heti, Lucinda Halpern, and Shayla Lawson publish nonfiction works this week, while February’s children’s/YA releases include Tahereh Mafi, Kacen Callender, Melissa Albert, and Holly Black. Also out this week are Tia Williams’s A LOVE SONG FOR RICKI WILDE, which is excerpted in our Buzz Books 2023: Fall/Winter anthology, and Kylie Scott’s THE LAST DAYS OF LILAH GOODLUCK, which is available in our Buzz Books 2023: Romance collection. 25 works of fiction https://bookshop.org/lists/new-fiction-publishing-february-6 9 works […]