Danish publisher JP/Politikens has acquired a 70 percent stake in Norwegian nonfiction publishers Kagge and J.M. Stenersens, which together comprise Norway’s fifth largest publishing group. Politikens says the acquisition “fulfills its ambition to create a significant Scandinavian publishing group with strong, independent publishers in Norway, Sweden, and Denmark.” They established Polaris in Sweden in 2017, and acquired Swedish nonfiction publishing house Roos & Tegnér in early 2021. Kagge and J.M. Stenersens will continue to function as independent publishers and Jorunn Sandsmark will remain publishing director. Kagge founder Erling Kagge continues as publisher, board member, and co-owner with the remaining 30 percent […]
Nosy Crow co-founder and editorial director Camilla Reid will step away to focus on her work as an author. She will remain a director and shareholder of the company.
Literary Arts Emergency Fund to Give $4.3 Million in Grants
The Academy of American Poets, Community of Literary Magazines & Presses and National Book Foundation have renewed the Literary Arts Emergency Fund (LAEF), which will give $4.3 million in emergency funding to nonprofit literary arts organizations and publishers affected financially by COVID-19. Created last year, the LAEF is again funded by a grant from The Andrew W. Mellon Foundation. Executive director of CLMP Mary Gannon said: “Mission-driven literary magazines and presses form the bedrock of the publishing ecosystem, fostering an environment where literary artists and their work can flourish. By supporting these dedicated publishers through the ongoing challenges they face, we […]
Acquisitions: Rough Edges Press to Wolfpack
Wolfpack Publishing has acquired author James Reasoner’s Rough Edges Press. The line will become an imprint of Wolfpack, publishing new mysteries, thrillers, and crime fiction.
November Indie Next List
PRH Waives Minimum Order Requirement for 2-Day Shipping to Indies
This year, Penguin Random House is waiving the minimum-retail-value requirement for independent bookstores ordering titles during the holiday season. From October 1 to March 1, indie stores can order any quantity and–“weather and transport conditions permitting”–receive it within two days or less. PRH president, US Sales Jaci Updike said: “The elimination of minimums will help booksellers become even more responsive to what their customers are looking for. We want to make it as easy as possible for booksellers to build reorders, and are delighted to be able to give indies additional support at this extremely busy time of year.” The […]