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Corporate: Adams Acquisition, Capstone Sells Digital Platform, and More

Simon & Schuster's parent company CBS filed their annual report with the SEC at the end of last week. While it does not directly state the purchase for Adams Media, acquired in the fourth quarter of 2016, a little arithmetic yields the answer: S&S paid approximately $42 million to purchase…

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People, Etc.

Rose Hilliard has joined Audible as executive editor in their Original Publishing division, bolstering their acquisitions of original audiobooks and audio-first projects. She was senior editor at St. Martin's. Jessica Renheim has been promoted to senior editor at Dutton. Publisher Christine Ball said in the announcement, "As you all know she is one…

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People, Etc.

At Disney-Hyperion, Rotem Moscovich has been promoted to executive editor, Laura Schreiber has been promoted to senior editor, and Hannah Allaman moves up to assistant editor. Seattle Times book editor Mary Ann Gwinn is leaving after 34 years at the newspaper (18 as book editor). In this column, "she looks…

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Quarto to Sell Ailing Books & Gifts Direct; Peanuts Stake for Sale

After years of poor results from the Books & Gifts Direct business in Australia and New Zealand, Quarto announced preliminary agreement on a sale on that division, with the deal "anticipated to close in the coming weeks." They are expected to receive a mere $1 million (Australian) in cash, plus $4.75 million "in…

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Nielsen Sells US Bookscan and Related Services to NPD

Nielsen has sold the BookScan service in the US only, along with the related services that comprise Nielsen Book in the US (including PubTrack Digital and the Books & Consumers surveys) to NPD Group, based in Port Washington, Long Island, for undisclosed terms. Those services will comprise the new NPD…

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As Expected, Pearson Ready to Sell Penguin Random House Stake; Profit Warning Sinks Shares

Pearson issued a "trading update" on their results Wednesday morning, telling investors they are ready to sell (or recapitalize) their 47 percent stake in Penguin Random House: "With the integration of Penguin Random House complete, and with greater industry-wide stability on digital terms, we intend to issue an exit notice…

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People, Etc.

Tom Thompson has joined SMP as vp, creative services and advertising. Thompson most recently was svp, digital strategy/group director of Verso Advertising, where he worked for 10 years. At William Morrow, Emily Krump has been promoted to senior editor. Bookselling Barnes & Noble will close their downtown Minneapolis store at…

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HarperCollins Buys Out Ediouro In Brazil; Firebrand Launches Eloquence on Alert

HarperCollins has bought out Ediouro, its partner in HarperCollins Brasil, to take sole ownership of the venture. Harper Brasil is also moving its headquarters to Rua da Quitanda in Rio de Janeiro's financial center. CEO Brian Murray said in the announcement: "While we have enjoyed a successful relationship with Ediouro, we…

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Briefs

The Costco Pennie's Pick for January is Amy Stewart's Girl Waits With Gun (HMH) while the company's book club pick for the month is The Tumbling Turner Sisters (Gallery) by Juliette Fay. Updating our very best of the best books of 2016 report, Jacqueline Woodson is represented now by Kathleen Nishimoto at…

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PRH UK Returns to Negotiate New Collective Agreement

After a tumultuous week of stories that do not fully align, Penguin Random House UK and the two unions representing some of their employees are talking again, and reporting progress towards a new agreement. On Wednesday, PRH UK and the unions Unite and the National Union of Journalists issued a…

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