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Finance

Ingram Sells VitalSource to Private Equity Firm

April 14, 2021
By Michael Cader

Ingram Content Group has an agreement to sell their etextbook platform VitalSource Technologies to Francisco Partners, an investment firm focused on technology businesses. The acquirer says in the announcement it is, “Committed to furthering the VitalSource mission of improving learner outcomes and accelerating our commitment to developing innovative, forward-thinking solutions and platforms that open doors…

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People, Etc.

April 12, 2021
By Erin Somers

At McClelland & Stewart, Anita Chong has been promoted to the new role of executive editor. Joe Lee has been promoted to associate editor. Emma Holmes has joined Chronicle Books as head of brand, Ridley’s Games. She was previously at Wild + Wolf. Distribution Peachtree Publishing will move their sales and distribution to Penguin Random…

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New CEO Promises “The Continued Development of Hachette Livre”

March 31, 2021
By Michael Cader

On Monday, Hachette Book Group USA ceo Michael Pietsch wrote to employees about the departure of longtime Hachette Livre/Lagardere Publishing ceo Arnaud Nourry, “I’m deeply saddened by this news. In the fifteen years that we have been part of Hachette Livre, Arnaud has strongly championed HBG, our employees, and our authors, while also advocating for…

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News Corp to Buy Houghton Mifflin Harcourt Trade for $349 Million

March 29, 2021
By Michael Cader

As expected, Houghton Mifflin Harcourt Books & Media will be acquired by News Corp for $349 million in cash and operated as part of HarperCollins. The deal is expected to close in the second quarter, “subject to customary closing conditions, including regulatory approvals.” The announcement indicates that HarperCollins “expects to realize immediate cost savings, accumulating to…

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Penguin Random House’s Deal to Buy S&S Faces Increased Scrutiny In Both US and UK

March 22, 2021
By Michael Cader

Penguin Random House’s pending $2.175 billion deal to acquire Simon & Schuster drew headlines Monday following an announcement from the UK’s Competition & Markets Authority that it launched a merger inquiry last Friday. Of potentially greater significance, however, and reported here exclusively, is that the acquisition is now facing a more detailed level of scrutiny…

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Briefs: Barnes & Noble Announces New Tablet, Endeavor Eyes IPO Again

March 19, 2021
By Michael Cader

Barnes & Noble will replace their out-of-stock Nook branded tablet with a new model from Lenovo. Like their previous tablet, the new model will be 10.1 inches and priced at $129.99, available as of April 5. After pulling their planned IPO at the last minute in September 2019 and broad layoffs during the pandemic, Endeavor…

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RSS Automat

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  • Scholastic and Dav Pilkey Withdraw 2010 "The Adventures of Ook and Gluk" Because It "Perpetuates Passive Racism" March 28, 2021 Press Release
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  • Machado's In The Dream House Wins Folio Prize March 24, 2021 Prize site
  • ABA Whitepaper: Amazon Is an Illegal Monopoly March 18, 2021 ABA
  • Amazon Tells Senators, "We have chosen not to sell books that frame LGBTQ+ identity as a mental illness" March 12, 2021 WSJ
  • Netflix and Hachette Livre to Make Asterix Animated Series March 3, 2021 Deadline
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