On Friday, Australian bookseller Booktopia requested an extension of the voluntary suspension of their securities, making clearer how dire their financial situation has become as the company seeks funding in order to continue operating. Last week, the company suspended trading shares pending an announcement about the outcome of its strategic review, which has been delayed in multiple press releases and is now expected to be made on June 28. In a letter to the Australian Stock Exchange, the company noted that it has had ongoing “liquidity challenges” and is looking for funding “both to meet redundancy costs and to provide […]
Ask an Expert: Gail Hochman
Gail Hochman is the president of Brandt & Hochman Literary Agents, Inc. For 20 years, she was the head of the AALA, the Association of American Literary Agents. She represents authors in numerous genres, including literary fiction, mystery, children’s middle grade, and serious nonfiction. Do you have any advice on how many agents to query at a time? If they are personalized, perhaps a rolling query with a limit? I would say get your core group of favorites first, and send to them—maybe five or six. Realize that many people these days do not answer queries when they are not […]
B&N to Purchase Tattered Cover for $1.83 Million
As was rumored last week, Barnes & Noble will buy Tattered Cover bookstore for $1,833,402 in cash, in an offer accepted by Tattered Cover’s owner Bended Page LLC Monday evening. The deal must be approved by bankruptcy court before it is final, and a decision is slated to be made before July 31. B&N will acquire Tattered Cover’s inventory and five locations, which will continue to operate under the Tattered Cover Book Store name. Per the filing with the bankruptcy court, BN “anticipates offering employment to substantially all of Tattered Cover’s current employees,” approximately 70 people, “to continue its events […]
People 6/18
Cassidy Graham has joined Open Field/Penguin Life as editor.
New Books Publishing June 18
This week’s fiction releases include new titles by Clare Lombardo, Riley Sager, Rachel Cusk, and Akwaeke Emezi, while Tiya Miles and Francine Prose publish nonfiction works. Also publishing this week is Catherine Newman’s SANDWICH, which is excerpted in our Buzz Books 2024: Spring/Summer sampler. 20 works of fiction https://bookshop.org/lists/new-fiction-publishing-june-18 10 works of nonfiction https://bookshop.org/lists/new-nonfiction-publishing-june-18 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 months on Bookshop. Check out June‘s 68 fiction releases, 28 works of […]
OUP USA Union to Strike on June 18
Members of the Oxford University Press USA union will stage a one-day strike on Tuesday, June 18, and will protest outside the company’s US headquarters from 8 AM – 12 PM. The union has made several claims that the company has violated US labor law. In March, the National Labor Relations Board found merit in the claims that OUP has moved work outside the bargaining unit by hiring non-union employees to replace union members who left the company. According to a union press release, the NLRB has not yet filed the official complaint. The union also asserts that the company […]