Finding out the actual sales for a book—whether it’s your own title, or a comp title you are curious about—can be quite difficult. The gold-standard data service publishers, retailers and agents use to track actual retail sales of trade print books in the US is Bookscan. (It includes Amazon, Barnes & Noble, Books-a-Million, Costco, Target, Walmart, and many other general and specialty retailers selling books, plus over 800 independent bookstores, covering approximately 85 percent of trade print sales in the US.) As of this week, Bookscan’s parent company has changed its name, so you will see it referred to as […]
Lagardere Board Approves Radio Spinoff
As Lagardere and Vivendi both take steps to ease the path towards approval of their pending merger by the European Commission, Lagardere’s board has approved a plan floated earlier to preserve the independence of their radio division. The company intends to spin the radio division (comprising Europe 1, Europe 2 and RFM) into a separate, limited-partnership holding company. Arnaud Lagardère would be “indirectly the general partner and personally the managing partner,” and he “would be solely responsible for supervising the managers and teams of the radio division and would be the ultimate decision-maker on editorial policy.” There had been longstanding […]
Coalition Aims to Protect Copyright and IP from State Legislatures
As a number of state legislatures work on unconstitutional bills to dictate terms of licensing ebooks to libraries—instead of simply funding their popular libraries to keep up with inflation and citizens’ needs—a coalition has formed to Protect the Creative Economy. Coalition members include the ABA, the AAP, the Authors Guild and the IPBA, plus Copyright Alliance, News Media Alliance and NMPA.
New Strategy: Vivendi Will Sell Editis Outright
Vivendi announced it is abandoning its plan to spin off publishing company Editis into an independent, publicly traded company, and instead they are negotiating to sell the division outright. Vivendi “received several offers for the sale of 100 percent of the shares of Editis,” and has “decided to enter into exclusive negotiations” with International Media Invest (IMI), a subsidiary of billionaire Daniel Kretinsky’s Czech Media Invest (which owns a number of prominent French magazines). Kretinsky’s portfolio also includes stakes in the newspaper Le Monde and the TV group TF1. The sale of Editis is designed to win approval from regulators […]
Obituary: Pat Schroeder
Former Congresswoman and longtime president and CEO of the AAP Patricia Schroeder, 82, died in Florida of complications from a stroke. The NYT calls her “a trailblazing feminist legislator who helped redefine the role of women in American politics and used her wit to combat egregious sexism in Congress.” Current AAP ceo Maria Pallante comments: “As many will write, Pat Schroeder was a principled and pioneering Member of Congress, where she used her ferocious legal chops, wit, and skill to advance issues that were often called women’s issues but were really about families or fighter pilots. The American publishing community […]
Penguin Random House Joins in Raising Starting Salaries
Following increases in starting salaries at the other large trade publishers, Penguin Random House told employees on Tuesday that it will also raise their entry level salary on April 3, to $48,000. That “will apply to incoming and existing employees in most non-warehouse locations.” As a result, “minimum salaries for other, non-entry-level roles where minimum salaries have been established will also increase accordingly,” and “to address compression of salaries, employees at adjacent salary levels will also receive adjustments.” Second-level non-exempt roles will start at $53,000, while at the higher end senior marketing and sales managers will make at least $76,000 […]