At a bankruptcy court hearing on Wednesday, Nicholas Callaway continued to blame other people for his business failure, especially the one entity that was willing to loan him money. Bloomberg reports, “Getting loans from banks or other traditional lenders after the pandemic was difficult, Callaway said. The publisher borrowed $2 million from a foundation, but the loan included onerous terms that contributed to the bankruptcy filing, including a $1 million premium and penalties, he said.” The most recent court filings show a secured lien from the Hoffen Family Foundation, for $1.034 million. Callaway’s current attorney (multiple former attorneys are creditors) […]
M&A
Acquisitions: Red Wheel/Weiser Acquires Watkins Publishing
Red Wheel/Weiser has acquired Watkins Publishing, the flagship imprint of Watkins Media. Both companies are focused on mind, body, and spirit publishing. The transaction does not affect the company’s other publishing imprints (Angry Robot, Datura, Moon & Bird, Nourish and Repeater) or other properties. Distribution in the US will continue through PRH Publisher Services, and in the UK through Wiley, until June 30, 2026. Starting July 1, Mare Nostrum Group will handle UK and European distribution and Red Wheel/Weiser will oversee distribution in the US through its partnership with Books International and internationally through its partners. “There is a long […]
PRH Christian Acquires She Reads Truth
Penguin Random House Christian Publishing Group has acquired direct-to-consumer publisher She Reads Truth, for an undisclosed sum. She Reads Truth, which includes a podcast, app, website, social media channels, and subscription offerings, will become an imprint under the company’s direct-to-consumer arm, Grace Corner, and maintain its brand identity with co-founders Raechel Myers and Amanda Bible Williams, according to a release. “Since establishing our Christian Publishing Group, we have pursued a clear strategy to build on more than 30 years of leadership in this space—growing organically, through thoughtful acquisitions, and through the development of Grace Corner,” PRH cfo Manuel Sansigre said in […]
Globe Pequot Acquires Linden Publishing
Continuing their run of acquisitions, Globe Pequot has agreed to purchase California-based nonfiction publisher Linden Publishing. Advisory firm The Fisher Company negotiated the deal for Linden. “Linden Publishing has long been a cornerstone in the woodworking and crafts space,” Globe Pequot president Bob Marsh said in a release. “Their catalog aligns seamlessly with our existing strengths at Astragal Press and Stackpole Books. This acquisition allows us to deepen our presence in these categories while leveraging the rich backlist and intellectual property Linden has developed over decades. We see tremendous opportunity to expand these titles through new formats, merchandising, and cross-promotion […]
Media Do to Acquire Seven Seas Entertainment
Japanese ebook distribution company Media Do will purchase manga publisher Seven Seas Entertainment for $80 million, Comics Beat reports. Seven Seas will note make any changes to its staff, editorial plans, or distribution, which is currently handled by Penguin Random House Publishers Services. “For more than twenty years, our focus has been simple: publishing exceptional stories and treating them with care, respect, and the passion of fans who never forget what drew us to these stories in the first place,” Seven Seas ceo and founder Jason DeAngelis said in a release. “This partnership strengthens our long-term position while preserving the […]
Norton Acquires Thames & Hudson’s College List
W.W. Norton has acquired Thames & Hudson’s college list worldwide as of the Spring 2026 academic season. Norton currently distributes Thames & Hudson’s trade titles and college titles in the US and Canada, and it will continue its distribution agreement on the trade side. Norton chairman and president Julia Reidhead said in a release, “When Thames & Hudson first approached us about taking on their college business, we could not have been more enthusiastic. The opportunity to publish Thames & Hudson’s distinguished college list marks an exciting new chapter in a fifty-year relationship between our companies. Because of our collaborative […]