In the Penguin Random house antitrust trial, agents testified about what happens after the submission process: receiving offers, sometimes in heated auctions for top dollar. Here, we’ve compiled their thoughts on pre-empts and auctions. Ayesha Pande at Ayesha Pande Literary said that her methodology to sell a book “depends on how many editors at different publishing houses have expressed interest. The preferred scenario is if there are several interested publishers so that I can move toward a competitive closing. If there’s just interest from one publisher, then I have to try and negotiate in good faith with that publisher.” Pre-empts […]
Gunty, Perry Win National Book Awards
The Rabbit Hutch by Tess Gunty (Knopf) won the National Book Award for fiction at the 73rd annual awards ceremony—resuming an in-person event for the first time since 2019. Gunty, who didn’t prepare a speech, thanked her fellow nominees for “putting their work into the world.” She referenced something Sharon Olds had said at an event the previous day, “How we’ve been preparing to put forth actions for the good, and that’s why we don’t have to be afraid. And when I think about everyone else on this list, that’s what each of those books accomplished, as different as they may […]
August Print Sales Fell 10 Percent
The AAP released StatShot data for August from participating publishers, reporting $686 million in trade sales, down (9.8) percent from $760 million last year—when stores had stocked up early for holiday sales due to supply chain issues. The month’s total for this year is well ahead of earlier past years’ numbers—$648 million in 2020 and $602 million in 2019. Adult sales were $475 million, a (9.3) percent decline from $523 million in August 2021. Hardcover sales fell (22.1) percent to $129 million and paperback sales were $174 million, down (5.6) percent. Mass market sales were $15 million, a decline of […]
Sales: Microcosm
Starting Jan. 1, trade sales for Microcosm Publishing will be represented by Abraham Associates in the Midwest. Bob Barnett at Third Act Sales will represent Microcosm in Texas, Oklahoma, and Louisiana. Imprint Group continues to provide sales support in the western US, and Como Sales Co. will continue in the East.
People 11/15
President and publisher of the Viking, Philomel, and Flamingo Publishing Group Ken Wright will retire at the end of January 2023.
New Books Publishing November 15
This week’s fiction releases include novels by Brandon Sanderson and Anthony Horowitz, while a major week for nonfiction includes work by Michelle Obama, Mike Pence, Patti Smith, Steve Martin, Nick Hornby, Paulina Porizkova and Misty Copeland. Also out this week are new books by Meghan Joyce Tozer and Craig Henderson, excerpted in our Buzz Books 2022: Fall/Winter anthology, and Kennedy Ryan, available in our Buzz Books 2022: Romance sampler. 17 works of fiction https://bookshop.org/lists/new-fiction-publishing-november-15 21 nonfiction titles https://bookshop.org/lists/new-nonfiction-publishing-november-15 We consult a number of sources in compiling our weekly lists and PM members can see our lists for the coming three months through […]