Daniel Kraus, James McBride, Lisa Jewell, and Lauren Beukes publish new novels this week, while new nonfiction includes work from R. Eric Thomas. Also out this week are MEDUSA’S SISTERS by Lauren J. A. Bear and PROPHET by Helen Macdonald and Sin Blaché, both excerpted in our Buzz Books 2023: Spring/Summer collection. 31 works of fiction https://bookshop.org/lists/new-fiction-publishing-august-8 3 works of nonfiction https://bookshop.org/lists/new-nonfiction-publishing-august-8 From Buzz Books https://buzz.publishersmarketplace.com/ We consult a number of sources in compiling our weekly lists and PM members can see our lists for the coming three months through this reference […]
KKR To Acquire S&S For $1.62 Billion
KKR officially announced after the close of the stock market on Monday that they will acquire Simon & Schuster from Paramount, for $1.62 billion, in an all-cash transaction, pending regulatory approval. S&S will become a standalone private company with Jonathan Karp remaining as president and ceo and Dennis Eulau continuing as coo and cfo. “All of the executives at Simon & Schuster who met with KKR came away from those conversations impressed with the depth of KKR’s interest in our business and their commitment to helping us grow, thrive and become an even stronger company,” Karp said in a release. […]
People 8/7
At Orbit, Ellen Wright has been promoted to publicity director.
Distribution: Image Comics
Image Comics will leave Diamond Book Distributions for Simon & Schuster, which will distribute their books in North America to book market retailers, starting with January 2024 titles. Lunar Distribution took over distribution to comic book shops recently, and their ebooks will continue to be distributed by IPG. Publisher Eric Stephenson said in the announcement: “For the past 20 years we have been able to establish a foothold for our trade paperbacks and graphic novels in the book market thanks in no small part to the support and efforts of Diamond Book Distributors. Over time, our needs and backlist of […]
Schroders Joins with FT As Business Book of the Year Award Sponsor
British asset management company Schroders has joined the Financial Times to sponsor the Business Book of the Year Award. The prize is also now officially billed as presented “in partnership” with the FT’s owner, Japanese media group Nikkei. Now in its nineteenth year, the prize was previously co-sponsored by McKinsey, which ended its affiliation with the award last year (and Goldman Sachs before that). Schroders’ Group chief executive Peter Harrison said in a release, “We’re proud to support a prize which showcases the sharpest and most visionary thinking in the fields of business, economics, environment and society. The authors and […]
BNED Focuses on Cost-Reduction, Profitable Segments
After a delay in filing while they renegotiated loans with investors, Barnes & Noble Education announced formal results for the fourth quarter and full year 2023 ended April 29. Those numbers were in line with the preliminary data announced in mid-July, including full year sales of $1.54 billion, up 3.2 percent from the previous year, and a grim higher net loss of $(101.9) million, even worse than the $(68.86) million the previous year. Per those preliminary numbers, fourth quarter sales were $241.8 million, down from $252.2 million last year, and net loss was $(46.25) million, an increase from $(10.96) million. […]