• Skip to main content
  • Skip to primary sidebar
  • Login
  • Register

Publishers Lunch

The Publishing Industry's Daily Essential Read

  • Publishers Marketplace
  • Site Guide
  • Help

Finance

Penguin Random House Acquires Callisto Media In A Deal Led and Managed By Sourcebooks

May 9, 2023
By Michael Cader

Penguin Random House has acquired the publishing assets of once high-flying start-up Callisto Media, in a deal led (and announced) by their partner Sourcebooks, which will manage the Callisto catalog and publishing program. PRH will incorporate Callisto’s data analysis toolset into PRH’s existing infrastructure and tech stack. The deal closed earlier today, for undisclosed terms. Callisto Media ceo and founder Benjamin Wayne and his “key leaders” will join Sourcebooks and a “portion of the organization” will join PRH on the data side. Wayne acknowledged there will be some “redundancies” in finance and various other corporate functions as part of the […]

Login to read full story

Ulysses Acquires VeloPress

April 11, 2023
By Katy Hershberger

Ulysses Press has acquired health and fitness publisher VeloPress from Outside Interactive. VeloPress will operate as a new imprint under Ulysses.

Login to read full story

Acquisitions: Applewood Books, Barrington Stoke

April 4, 2023
By Erin Somers

Arcadia Publishing has acquired Applewood Books, which specializes in “reissuing original versions of historical books” and has a catalog of over 2500 titles. The company previously purchased Applewood’s imprint Commonwealth Editions in 2021. Arcadia ceo Brittain Phillips said in a release, “Applewood’s extraordinary catalog will enhance Arcadia’s ability to deliver on our mission: to connect people with their past, with their communities, and with one another.” Elsewhere, Harper UK has acquired children’s publisher Barrington Stoke, which publishes 40 dyslexia-friendly titles a year. Based in Edinburgh, the imprint will remain autonomous under managing director Alex Beecroft. Harper UK ceo Charlie Redmayne […]

Login to read full story

Storytel Acquires Finnish Audiobook Streaming Business

March 30, 2023
By Katy Hershberger

Swedish audiobook company Storytel has acquired the audiobook streaming arm of Finnish bookstore chain Suomalainen Kirjakauppa, which is owned by the Otava Group. Subscribers to the audiobook business, Suomalainen Plus, will be merged into Storytel’s user base. Storytel ceo Johannes Larcher said, “This agreement strengthens Storytel’s position in the vibrant Finnish market and as the Nordic market leader. We are also very pleased to deepen our relationship with the leading Finnish publishing and media owner Otava Ltd, who we had the pleasure of welcoming as a new shareholder in connection with our directed share issue in November.”

Login to read full story

Pearson Sells Money-Losing Online Learning Business for Future Consideration

March 21, 2023
By Michael Cader

Pearson announced an agreement to sell their international online program management business, Pearson Online Learning Services (POLS), to private equity firm Regent. There is no cash payment; Pearson will receive a portion of the business’s positive adjusted EBITDA over the next six years. The business, which had been pending sale under “strategic review,” lost £26 million pounds ($32 million) on an adjusted operating basis in 2022, on sales of £155 million. (Overall, the business lost £52 million, including restructuring, intangible and finance charges.)

Login to read full story

Lagardere Board Approves Radio Spinoff

March 15, 2023
By Michael Cader

As Lagardere and Vivendi both take steps to ease the path towards approval of their pending merger by the European Commission, Lagardere’s board has approved a plan floated earlier to preserve the independence of their radio division. The company intends to spin the radio division (comprising Europe 1, Europe 2 and RFM) into a separate, limited-partnership holding company. Arnaud Lagardère would be “indirectly the general partner and personally the managing partner,” and he “would be solely responsible for supervising the managers and teams of the radio division and would be the ultimate decision-maker on editorial policy.” There had been longstanding […]

Login to read full story

  • Go to page 1
  • Go to page 2
  • Go to page 3
  • Interim pages omitted …
  • Go to page 259
  • Go to Next Page »

sidebar

Primary Free Sidebar

Login


Forgot password
Quick Pass users click here to log in
Get Full Access
The publishing industry's essential daily read

Each Publishers Lunch Deluxe subscription includes full access to our searchable multi-year archive of industry news, a nightly email reporting 10 to 50 deal transactions, and our database of industry contacts, scripts, and posting privileges.

Learn More

RSS Automat

  • Hollywood Studios Are Using Force Majeure Clauses to Extend Book Options for Free During Writers' Strike May 30, 2023 WSJ
  • On the Staying Power of Zevin's Tomorrow, and Tomorrow, and Tomorrow" May 26, 2023 NYT
  • Another Postponement: Publishers and Internet Archive Still Negotiating Judgement, Will Try Again for June 9 May 26, 2023 PL court document
  • Martin Amis, 73, Dies of Esophogeal Cancer May 21, 2023 BBC
  • Britney Spears Concedes Delay On Her Book: "It may take me a year, maybe longer who knows ... to share my story" May 20, 2023 Instagram
  • Elon Musk by Walter Isaacson Announced for Publication September 12 May 18, 2023 Press release
  • Penguin Random House and PEN America Sue a Florida School District, Alleging Removal of Books about Race and LGBTQ+ Identify Violates First Amendment May 17, 2023 AP
  • Thomas Coesfeld to Become CEO of BMG On July 1, Ahead of Previous Schedule May 17, 2023 Press Release
  • Hammesly Posts "Statement on My Departure From New Leaf Literary": "It was not my choice to leave, and I am heartbroken to learn that the publishing journeys of so many of my clients have been disrupted." May 16, 2023 Twitter post
  • Storytel's StorySide Buys Publishing Rights to Finnish Crime Author Seppo Jokinen's Catalog May 15, 2023 Press Release
© 2023 Publishers Lunch. All Rights Reserved.