Struggling Australian online bookseller Booktopia looks to have reached a troubling new stage. Late last week they suspended trading of the company’s stock — which is worth only five cents a share — pending an announcement. But the follow-up announcement earlier this week simply said that trading in their shares would remain suspended, “pending the release of an announcement regarding further outcomes from the previously announced strategic review including its progress in seeking additional funding.” Co-founder, board member and once-again executive Tony Nash told The Guardian Australia, “We’re in motion at the moment, so [an announcement] will be probably more […]
Archives for June 2024
ABLA Second Chance Inbox
Andrea Brown Literary Agency has introduced a Second Chance Inbox for projects that certain agents at the agency have already passed on. They write on their website, “If a creator would like another opportunity to have their project considered by ABLA after their first choice agent passes, we invite you to submit your work to the Second Chance Inbox. All our agents have access to this inbox and will regularly look through it to discover new material! If an agent finds something they are interested in, they will reach out to that creator directly.” ABLA agents themselves will not add projects […]
Tara Weikum Becomes Publisher at New Harper Children’s Imprint
Harper Children’s will create a new to-be-named imprint, with Tara Weikum serving as vice president, publisher. The imprint will launch in winter 2025 and will publish “fiction that sits at the corner of commercial and literary for middle grade and teen readers.” Also working on the imprint are Sarah Homer, who has been promoted to editor, and executive editors Kristin Rens and Amy Cloud.
B&N to Purchase Tattered Cover for $1.83 Million
As was rumored last week, Barnes & Noble will buy Tattered Cover bookstore for $1,833,402 in cash, in an offer accepted by Tattered Cover’s owner Bended Page LLC Monday evening. The deal must be approved by bankruptcy court before it is final, and a decision is slated to be made before July 31. B&N will acquire Tattered Cover’s inventory and five locations, which will continue to operate under the Tattered Cover Book Store name. Per the filing with the bankruptcy court, BN “anticipates offering employment to substantially all of Tattered Cover’s current employees,” approximately 70 people, “to continue its events […]
People 6/18
Cassidy Graham has joined Open Field/Penguin Life as editor.
Distribution: Chooseco
Penguin Random House Publisher Services will sell and distribute the Chooseco frontlist and backlist catalog worldwide starting February 1, 2025. Chooseco is the publisher of the Choose Your Own Adventure books.