UK bookstore chain Waterstones has been affected by a broader ransomware attack on Blue Yonder supply chain software, the Bookseller reports. The attack, which affected hundreds of companies in the US and UK, disrupted connectivity in the bookseller’s warehouse systems, a spokesperson for Waterstones said. Bookstores have not been affected. “Progress is being made with recovery at Blue Yonder and thankfully our own systems have not been affected,” the spokesperson said. “Our workarounds have been effective and we have continued to receive deliveries and send daily deliveries to our shops.” Ransomware gang Termite has claimed responsibility for the attack, which […]
Archives for December 2024
Acquisitions: Soaring Kite Books
Lerner Publishing Group has acquired children’s publisher Soaring Kite Books, effective January 1. Soaring Kite will continue to operate under its current name, with founder Ceece Kelley remaining involved as a consultant. Adam Lerner, ceo and publisher of Lerner Publishing Group, said in a release, “Lerner has had the privilege of distributing Soaring Kite Books since their inaugural publishing season in 2021, and over the past few years, we’ve seen firsthand the tremendous impact their titles have had on young readers and educators alike. This successful partnership has paved the way for Soaring Kite to become a Lerner imprint. We […]
People 12/16
PM’s Best of 2024
After all these years of aggregating everyone else’s picks for the best book of the year, we decided to give ourselves a vote. Like you all, we do this because we are book people; we are readers first. The first five picks represent consensus staff favorites for 2024 (which align directly with the broad sentiment), while the next four are more personal picks from each of us. James, by Percival Everett Rejection, by Tony Tulathimutte All Fours, by Miranda July The Ministry of Time, by Kaliane Bradley The God of the Woods, by Liz Moore The Most, by Jessica Anthony On the […]
Louis Hachette Group Stock Jumps On First Listing
The new spin-off company created by Vivendi, the Louis Hachette Group, started trading in France on Monday morning. The stock was priced at €1.12 per share, giving the company an initial market capitalization of €1.11 billion–though shares jumped at the open, trading above €1.40 per share during the morning. The group comprises Vivendi’s controlling share in Lagardere, which still trades on its own, as well as Prisma Media. The value of the new spinoff seems modest, however, given that Lagardere on its own has a market cap of almost €3 billion.
Penguin Random House and United for Libraries Launch Grant Program
Penguin Random House has launched a new grant program with United for Libraries that will award small grants of $500 and $1,000 to libraries in need. The program with give away a total of $25,000, specifically supporting Friends of Library groups and organizations that raise money for local libraries. Additionally, some libraries will receive $500 in-kind grants to purchase PRH books. “Small and rural libraries are community cornerstones, but today—when the freedom to read is under attack across the country—they are more important than ever,” said Skip Dye, senior vice president of library sales and digital strategy at Penguin Random […]