This week’s fiction releases include new titles by Morgan Talty, Walter Mosley, Joseph O’Neill, and Chigozie Obioma. Ann Leary, Annalee Newitz, and Chelsea Devantez publish nonfiction works this week, while June’s children’s releases include books by Mo Willems, Loren Long, Linda Sue Park, and Brian Pinkney. Two of this month’s celebrity book club picks are included in our Buzz Books 2024: Spring/Summer sampler: Swift River by Essie Chambers and Malas by Marcela Fuentes. The collection also features new titles by Ally Condie, Katelyn Doyle, Amy Low, Damali Peterman, and Kate Young, all publishing this week. 31 works of fiction https://bookshop.org/lists/new-fiction-publishing-june-4 […]
Webtoon Files for IPO
Webtoon has filed for a proposed initial public offering of its common stock, though the number of shares and the price have not yet been determined. The shares, under the symbol WBTN, will be listed on the Nasdaq Global Select Market. Parent company Naver will retain controlling shares after the IPO. According to a report from Bloomberg earlier in the year, the company could try to raise as much as $500 million in an IPO, hoping for a valuation of between $3 billion and $4 billion. The company reports that both sales and losses grew in 2023: Sales were $1.28 […]
Booktopia CEO, 50 Staffers Depart in Restructuring
In response to declining sales, Australian retailer Booktopia has withdrawn its guidance and announced staff departures, including the resignation of CEO David Nenke. Nenke has been at Booktopia since last year, after leaving Barnes & Noble Education. During his six-month notice period, operational duties will be assumed by chair Peter George, who will become executive chairman. Former ceo Tony Nash, who also sits on the board, will become an executive director and sales director for the next six months. During this time, directors’ compensation will be paid in company shares. The company will eliminate at least 50 positions from its […]
July Indie Next List
The ABA released the July Indie Next List, with The God of the Woods by Liz Moore as the No. 1 pick.
RWA Files for Bankruptcy
Romance Writers of America filed for bankruptcy in Houston on Wednesday, citing declining membership and payment agreements with hotels to host its annual conference. According to the filing, RWA had approximately 10,000 members—whose membership fees support the organization—prior to 2019. During that time, around 2,000 members attended their annual conference. After that, membership went down to about 3,000 and continued falling. In 2018, the organization entered into contracts with Marriott hotels to host its keynote conference every year through 2026, then extended it to 2028 as the events in 2020 and 2021 were moved to virtual. In 2022, RWA attempted […]