Barnes & Noble announced Thursday that it has formally closed its strategic partnership with Microsoft. The new BN subsidiary comprising the Nook and College business, is formally called Nook Media LLC (until now it was simply known by the placeholder NewCo). As originally specified, Microsoft now has an approximately 17.6 percent equity stake in Nook Media, valuing the subsidiary at $1.7 billion (but the stock market still gives Nook Media’s parent company Barnes & Noble a market capitalization of $800 million, even with a bump in shares today after realizing that the investment the market forget about had gone through.) […]
eNews
eNews: Self-Publishing Goes to Libraries, and Another Start-Up Buzz Network
Self-publishing technology company FastPencil has a new initiative to put their offers in front of patrons of libraries that work with services provider Auto-Graphics. (The company works with 5,500 libraries, but the program begins with “a select group” of those customers.) The new Library Management Platform lets self-publishing customers issue “their musings” from within the library and then work with the library to “add that book, whether digital or print, to the library’s offerings.” Boston start-up Libboo.com has announced a seed round of $1.1 million in financing, led by MassVentures. It’s another platform that aims to create a community of […]
From the Curb Your Enthusiasm Department, Penguin Library eBooks and BN’s Early Harvest
Penguin’s previously-announced library ebook lending pilot program with 3M and the Brooklyn Public Library, scheduled to last for a year, got off to a late start beginning yesterday, as announced in a 3M press release. That release let slip at the end of the third paragraph that “Penguin content is expected to be available to all 3M Cloud Library customers by the end of the year,” and other press has been off to the races from there. Penguin has not commented on the release and we have all seen in the past that vendors are not the authoritative source of […]
Wiley Buys Online Learning Service Provider for $220 Million
Wiley is investing in online learning services, agreeing to purchase private-held Chicago-based Deltak.edu for $220 million. They say it will “significantly accelerate Wiley’s digital learning strategy and diversify the company’s service offerings to include operational and academic solutions for higher education institutions.” Deltak provides provides technology platforms and services that support over 100 online learning programs. The company had sales of $54 million for the just-ended fiscal year, and the deal is expected to close by the end of the month.
Sourcebooks Launches Multimedia Shakesperience; Blurb Adds Enhanced Tools
Sourcebooks is launching the first three titles in their new line The Shakesperience, available in the iBookstore for the iPad. Starting with Hamlet, Othello and Romeo and Juliet, at a limited introductory price $5.99 each, the line is the natural tablet-era evolution of multi-media publishing that Sourcebooks began with the bestselling AND THE CROWD GOES WILD in 1999 (a printed book, with two audio CDs recapturing great moments in sports). And it builds on their Sourcebooks Shakespeare book-and-CD packages for an app- and tablet-focused world. The English-language volumes, built in Apple’s iBooks Author, are available worldwide. CEO Dominique Raccah says, […]
Penguin Reiterates Position On MacAdam/Cage Suit
In a separate statement, Penguin told us Friday they will proceed with their lawsuit against MacAdam/Cage over the ebook license to Susan Vreeland’s GIRL IN HYACINTH BLUE even though the smaller publisher has announced plans to seek a buyer. Penguin indicates they notified MacAdam/Cage publisher David Poindexter “several times” about Vreeland’s claim and the settlement negotiations, but that “he remained silent.” Penguin says their suit is “seeking only the money it paid out of pocket to Susan Vreeland. Ms. Vreeland was able to show that she, not MacAdam/Cage, owned the ebook rights that MacAdam/Cage purported to grant Penguin, and that […]