With sales still below pre-pandemic levels, Powell’s Books secured a $4.5 million loan from Pacific West Bank, the Portland Business Journal reports. The loan is backed by the store’s warehouse, which held a sale last week that drew thousands of shoppers, and the borrowers are listed as Powell Family Real Estate Co. LLC and Powell’s Books Inc. “The loan was secured to infuse cash into the business,” store owner Emily Powell said. “It’s a reflection of our commitment to the business and our dedication to our customers.” The store is revamping its website and e-commerce platform, slated to go live […]
Academic Publishers Sue Google Over Advertising of Pirated Textbooks
Cengage, Macmillan Learning, McGraw Hill, and Elsevier filed a lawsuit against Google on Wednesday in the US District Court for the Southern District of New York, alleging that the search engine prioritizes pirated textbooks through “systemic and pervasive advertising” instead of legitimate e-versions. The lawsuit states that the companies have been filing copyright infringement notices with Google since 2021, but that their efforts have been ignored. They allege that the search engine is profiting off the ads for the pirated books, while rejecting ebook ads for “legitimate sellers.” “Google has continued to advertise infringing works while simultaneously restricting ads for authentic educational works—supporting […]
Reese’s Book Club Pick, Apple Partnership
Reese Witherspoon chose The Unwedding by Allie Condie as her June book club pick, the third celebrity book club this month to chose a title featured in our Buzz Books 2024: Spring/Summer collection.
People 6/5
Jennifer Harlan will join as a senior staff editor at the New York Times Book Review, focusing on service journalism about "what to read next."
People 6/4
Lauren Appleton has been promoted to executive editor at Tarcher Perigee.
Distribution: University of Pittsburgh Press
Starting July 1, University of Pittsburgh Press will use Longleaf Services for fulfillment and publishing services.