Skyhorse Publishing has purchased the assets of Sports Publishing, which went bankrupt in 2008. That gives them rights to over 700 books, including works by Michael Phelps and Dick Vitale. They will relaunch Sports Publishing as a new imprint with 40 revised and updated titles in fall 2011. In the same season, the company will launch a new children’s imprint, Sky Pony Press. They expect to start with 15 to 20 titles. Former publisher and founder of Millbrook Press Jean Reynolds is serving as consulting editor. The company says sales for 2010 were up more than 60 percent over 2009.