The clobbering of Barnes & Noble’s stock continued yesterday after our post following their conference call, down over 19 percent for the day on trading volume more than four times higher than usual. It was the largest one-day drop in the bookseller’s shares since November 2001. At current prices that leaves the company’s market capitalization at a little over $750 million (and remember that it was just 9 months ago that the company itself decided the BN College unit was worth $460 million). In a rough day across Wall Street, Amazon shares declined as well, down approximately 7.5 percent. As […]
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Rachel Vogel has joined Movable Type Literary Group as associate agent and international rights manager. She was at Lippincott Massie McQuilken. She’ll specialize in upmarket fiction and narrative non-fiction. Mary Glenn has been promoted to associate publisher for McGraw-Hill Professional’s business group. Moises Martinez has been promoted to director, Spanish language sales at Random House, leading domestic sales for Spanish titles from Vintage Espanol and Random House Mondadori. At Granta and Portobello in the UK, Kelly Pike joins the company as publicity manager in mid-July. She was a publicity manager at Saqi and Telegram Books. National Book Network has created […]
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Penguin Australia marketing and publicity director Dan Ruffino is being promoted to group digital director for Penguin Group worldwide, starting September 1 based in New York. He will report to chairman and ceo John Makinson and “focus on digital publishing and new digital revenue opportunities; direct to consumer communication and business intelligence; and global partnerships.” Makinson comments: “He is a hugely talented marketing professional who has spent the last six years thinking about ways to make our content more enticing to the consumer. He has all the right qualifications and qualities for the job, but, above all, he has the […]
Meyer Tops A Million
Little, Brown Children’s says that it has sold over a million copies of Stephenie Meyer’s novella A THE SHORT SECOND LIFE OF BREE TANNER since its release on June 5–making it “the biggest selling new book of the year so far.” In other publisher announcements, Bantam will release Stephen Hawking and Leonard Mlodinow’s THE GRAND DESIGN on September 7.
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For the New York office of their Nashville division, Hachette Book Group has hired Kate Hartson as senior editor for the Center Street imprint and Andrea Glickson as marketing director for both FaithWords and Center Street. Most recently Hartson built her own small publishing company, Yorkville Press. Glickson was at HBG’s recently-closed Octopus Books USA line. As another part of the Nashville “realignment plan,” editor Christina Boys will now exclusively acquire fiction for both FaithWords and Center Street. Separately, at Hachette Digital, Neil DeYoung has been promoted to executive director; Liz Kessler moves up to the new position of digital […]
Announcements: Topical McCullough eSerial; Getting Glued to Favorite Books; Candlewick's Audio; Horrid Henry Moves to Film
Capitalizing on President Obama’s confrontation with General Stanley McChrystal, Simon & Schuster is releasing a short ebook by David McCullough called TRUMAN FIRES MACARTHUR. It’s an excerpt from his Pulitzer Prize-winning biography Truman. The 35-page title lists for $1.99 and is supposed to be available from major ebooksellers by some time later today. Yesterday afternoon GetGlue launched a Foursquare-inspired pop culture iOS app that encourages users to “check in” to favorite TV shows, music, movies and yes, books, and see what friends are enjoying in real-time. Publishing partners providing “exclusive stickers” as “rewards” include Random House, Simon & Schuster, Hachette, […]