This week Adams Media published Newsday sportswriter Alan Hahn’s BRUIN REDEMPTION: THE STANLEY CUP RETURNS TO BOSTON as a $7.99 ebook after a 72-hour turnaround time. The publisher said they had the book “within hours” of the Bruins’ Stanley Cup win on June 15. Powell’s director of strategic planning Darin Sennett talks with Seattle Business Journal about the bookstore’s previously announced mobile app, now set to launch in full by the end of the summer. OverDrive will now supply ebooks to Easons, making the bookstore chain the first OverDrive partner to offer EPUB and PDF eBook content directly to Irish […]
Briefs: Amazon Nears Sales Tax Deal with Texas; Whitcoulls Sale Final; And More
After months of fighting over sales tax issues, Amazon appears to be close to a deal with the state of Texas that would see Amazon creating more than 5,000 jobs and invest $300 million in the state over the next three years, so long as Texas exempts Amazon from paying sales tax for the next four and a half years. The proposal, which does not explicitly name Amazon but , is attached to a state Senate fiscal matters bill that must be passed in order to balance the next fiscal year budget. It would also not exempt Amazon or any […]
Nook Drives Record Full Year Sales (And Big Losses) For BN
Barnes & Noble reported fourth quarter and full year earnings Tuesday morning, and the results show even more clearly the divide between the company’s burgeoning digital growth and its still-declining brick & mortar business. For the year, sales rose 20 percent to just under $7 billion, a company record. The marked increase in sales owed to a huge jump at BN.com (with sales up 65 percent to $858 million) and the inclusion of a full year of sales from BN College, which reported full-year sales of $1.8 billion. Superstore comps were up 0.7 percent for the year because of digital, […]
Borders Loses Another $35 Million in May As Sales Talks Intensify
The intensified need for a sale and last-minute maneuvering to get its debtor-in-possession loan extended make all the more sense in light of Borders’ earnings report for the first 28 days of May. The company lost another $35.4 million during that period, of which a little more than half – $18.1 million – came from continuing store operations, with the rest owing to reorganization fees. That means Borders has now lost more than $191 million since filing for Chapter 11 in February. Total revenue for the month was $97 million. But you’d never know if you were reading ceo Mike […]
People: Coffee House Publisher Kornblum To Retire
Coffee House Press founder and publisher Allan Kornblum will retire from the company, with associate publisher Chris Fischbach to succeed him as publisher. Kornblum, who founded the press in 1973, told the Twin Cities Daily Planet he’ll concentrate on more systems cleanup and on fundraising projects, and he has begun to write his own memoir. Twin Cities Daily Planet Workman has announced a series of promotions and new hires. Raquel Jaramillo has been promoted to both editorial director and creative director of children’s publishing, reporting to Suzie Bolotin, and she will also serve as acting creative director for the overall […]
Announcements: New Funding for Osprey, John Locke’s a Kindle Millionaire
Osprey Group announced it has received new funding from London private equity firm Alcuin Capital Partners, providing additional expansion capital to continue Osprey’s strong growth in niche and enthusiast market segments. With the investment, Alcuin acquires a controlling interest in Osprey but the company’s existing majority shareholder Botts Capital Nominees will remain a significant minority shareholder going forward. Self-published thriller phenomenon John Locke is the latest (and eighth) author to sell more than a million Kindle ebooks. Release The British Library has signed a multi-year deal that will allow Google to scan more than 250,000 out-of-copyright works from 1700 to […]