Two months after thriller writer Barry Eisler moved houses to St. Martin’s Press crime imprint Minotaur Books for his next John Rain novel, The Detachment, he reveals in a lengthy online conversation with his friend and fellow writer Joe Konrath that the deal is off. Instead, Eisler will publish the book on his own around mid-June, far sooner than the Spring 2012 publication date scheduled by Minotaur. “I know it’ll seem crazy to a lot of people,” Eisler states, “but based on what’s happening in the industry, and based on the kind of experience writers…are having in self-publishing, I think […]
eNews: CEO Nourry on Hachette US EBook Sales; Airport E-Bookstores; Android Kindle Speculation
At a conference last week Hachette Livre CEO Arnaud Nourry told Le Figaro that Hachette Book Group USA ebook sales since January “are in line with the national average,” which the AAP reported as comprising approximately 23.5 percent of the total trade in January. Indeed, HBG is one of the 14 publishers who report ebook sales to the AAP to begin with. Le Figaro Some Borders stores in the midst of closing-out sales have discounted the Kobo Wi-Fi reader to $59.99. CNET Taiwan International Airport will open arguably the first airport e-bookstore, which stocks four hundred titles available in ePub […]
Bookselling: California Town on Hook for Rent on Closing Borders Store; Foyles Buys Grant & Cutler; And More
As Borders continues its march through Chapter 11 and additional store closings, the city of Pico Rivera, CA faces a nasty surprise: for the next seven years, they must continue paying a minimum of nearly $11,000 a month in rent on an eight-year-old store Borders will shut by the end of April. That’s because Pico Rivera, with a population of approximately 65,000, was thought to be too small to support a Borders store, causing the government to cut a deal with Borders and its landlord, Vestar Development Center, to spend $1.6 million in federal grant money and subsidize the rent […]
People, Etc.
Dara La Porte is leaving Politics and Prose, where she has managed the children’s and teen’s department for the past 11, to co-direct Literacy and Prose, a non-profit that brings authors and illustrators to schools. Transworld associate publicity director Laura Sherlock is leaving the company in order to “spend more time with her young family.” Her last day is June 8. Aflame Books, which devoted itself to publishing fiction in translation since, announced on its website last week that it ” has ceased trading and will no longer publish books,” after five years in business. They add, “we thank […]
Bookselling: Joseph-Beth Up for Sale; ABA Expands Board; New Indies; And More
With creditors nipping at Joseph-Beth‘s heels, wondering how the independent bookselling chain will emerge from Chapter 11 bankruptcy, a new filing this week provided some more concrete answers – which demonstrates an outside savior appears to be the best hope. After initially closing four stores, Joseph-Beth will close a fifth store in Fredericksburg, VA before the end of June. The company is also putting itself up for sale, saying that it can’t come up with a reorganization plan that satisfies lenders, creditors and the bankruptcy court. “In the exercise of their business judgment, and to maximize the return to the […]
Borders Will Close 28 More Stores; Mortgage Defaults for Agree Realty
After a week of warning that it may close as many as 75 stores, the final tally for this newest round of store closures turns out to be just over a third of that initial projection. The 28 additional stores will close by late May; 7 are based in California and 2 each in Connecticut, Hawaii, Massachusetts, Indiana, Pennsylvania, and Washington State. Updated Borders store closure list The collateral damage also continues for Agree Realty, the publicly-traded company who rented more than 20 percent of its total real estate portfolio to Borders. Previously they disclosed a significant writedown of more […]