Sean deLone has been promoted to assistant editor at Atria. At Abrams, Trish McNamara O’Neill has been promoted to senior manager, digital & social media marketing, children’s books. Claire McLaughlin has joined Flatiron Books as publicist. She was previously an associate publicist at Little Bird Publicity. Jordan Hanley has moved over to Nightfire as marketing manager. She was at St. Martin’s. Forthcoming Former Acting Solicitor General Neal Katyal (with Sam Koppelman)’s IMPEACH: The Case Against Donald Trump will be published by Houghton Mifflin Harcourt in trade paperback on November 26. “If we don’t impeach President Trump, then we will live […]
Finance
International: Companhia das Letras Acquires Zahar, Sourcebooks Expands
Companhia das Letras in Brazil announced last week that they took 100 percent control of Zahar, based in Rio de Janeiro and focused on books devoted to the human and social sciences. Luiz Schwarcz says in the announcement that founder Jorge Zahar “was a master when it came to publishing books that would stay the course…. I have had no greater honor in my life than being chosen to carry forth a legacy that changed the history of book publishing in Brazil.” Penguin Random House owns 70 percent of Companhia, and ceo Markus Dohle adds, “It’s an enormous privilege for all […]
Endeavor Withdraws IPO, After First Reducing Pricing and Share Volume
By late Thursday Endeavor Group decided to withdraw their planned initial public offering of shares, set for Friday. The decision came after Peloton went public Thursday and saw its shares fall 11 percent from the opening price. Like Endeavor, Peloton loses money. The company said in their statement, “Endeavor will continue to evaluate the timing for the proposed offering as market conditions develop.” Facing tepid interest from public investors, Endeavor had already modified the IPO terms earlier in the day. They had lowered the expected share price to between $26 and $27 a share (down from $30 to $32 a […]
Call My Broker!
It’s official: the opportunity to buy a share of the sports and entertainment hodgepodge plus talent agency known as Endeavor Group Holdings is set for Friday, September 27. The company will launch its IPO then. As previously reported, they will trade on the New York Stock Exchange as EDR, looking to raise proceeds of about $600 million from the sale of about 19.35 million shares, expected to price between $30 and $32 a share.
People, Etc.
Luana Horry has been promoted to editor at HarperCollins Children’s. Jennifer Udden joins New Leaf Literary & Media as literary agent; she was previously agent at Barry Goldblatt Literary. Kate Sullivan joins as senior content development manager; she was senior editor at Delacorte. Meredith Barnes joins as business development manager; she was publicity manager at Harper Collins. Monica Odom has founded Odom Media Management, a literary agency focused on “voices and stories that have been historically hushed.” She will continue to represent nonfiction, literary fiction and illustrated titles for both children and adults, including her existing client list. She was […]
Endeavor IPO Is Back On, Aims to Raise About $600 Million
After a postponement in early August, entertainment hodgepodge Endeavor Group (the parent of talent agency William Morris Endeavor) filed revised paperwork with the SEC as they more forward with an IPO. The company plans to offer approximately 19.35 million shares of stock for sale, at an estimated price of $30 to $32 per share. (As usual, the underwriters have an option for additional shares.) The company estimates they will received net proceeds of between $547 million and $632 million after expenses. As noted earlier, public investors will own a piece of a money-losing company that carries $4.57 billion in long-term […]