The latest in a series of reorganizations of McGraw-Hill’s textbook division sounds so happy that you could almost overlook the news that they are eliminating another 340 jobs from the unit, taking a pre-tax charge of $14 million. Those cuts follow two previous purges since early 2008 that already eliminated 455 jobs within the education line, still making this latest reduction the single largest of the three rounds of layoffs. The company’s announcement, however, simply focuses on “creating achievement-focused preK-12 education group to help students develop 21st century skills.” That new focus somehow accounts for most of the layoffs: “the […]
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Yen Press to Publish TWILIGHT Graphic Novel
Meyer-loving Entertainment Weekly has the exclusive report on this release, with no announced publication date from Hachette Book Group’s graphic novel line. “Though Korean artist Young Kim is creating the art, Meyer herself is deeply immersed in the project, reviewing every panel.” The magazine promises more sample art in their 7/17 issue.EW
Judge Dismisses Part of Rep. Dennis Kucinich's Suit Against Phoenix; Viner In Bankruptcy. TrumpNation Suit Also Dismissed
An LA Superior Court judge has dismissed the fraud portion of Dennis Kucinich’s lawsuit against Phoenix Books over the publication of his 2007 book THE COURAGE TO SURVIVE. Kucinich’s attorney says it was because the alleged to have made the fraudulent representations, company president Michael Viner, has filed for bankruptcy, which exempts him from the fraud action. Kucinich’s claim of breach of contract against the company goes forward. Attorney Stanley Leiber says, “We requested and demanded that they give us an accounting of all books sold. They have never done that. That is part of their obligation.” General counsel for […]
Bookselling: With Building Sold, Kate's Mystery Books to Close
The owner of Kate’s Mystery Books in Cambridge, MA has “finally” sold the building in which the store operates and will close the operation on August 1. But Kate Mattes writes: “I won’t actually disappear. We will be having author events at different venues and of course we will have the annual holiday party so there will be opportunities for the mystery community to get together.”Live Journal post
Kindle Owner Files Suit Against Amazon Saying Cover Cracks Kindles; Seeks Class Action Status
Matthew Geise filed suit against Amazon in a Seattle US District Court yesterday seeking class action status for Kindle 2 and SuperKindle owners with devices “installed in a Kindle Cover designed by Amazon.” The suit alleges that “Internet complaint board and product review sites contain scores, if not hundreds, of complaints from Kindle owners whose Kindles have been damaged by the Kindle Covers.” Users report that the cover cause cracks or “bulges” on the side of the Kindle “at or near where the Kindle Cover attaches to the Kindle,” and indicate that the cracks eventually get big enough that the […]
Bookselling: Borders UK May Have A Buyer; Taiwan Companies Pair for eBook Launch; Bookseller Advises Authors On Signings
While still denying that Borders UK is even up for sale and insisting that Clearwater Corporate Finance has been hired only to help “seek out funding opportunities,” it looks like the ailing chain may have a buyer, or at least a company ready to take it off their hands. The Independent reports that the private equity arm of restructuring company Hilco, Valco Capital Partners, “plans to acquire the entire shareholding of Borders UK and take the company forward.” Reportedly they are “offering to take on the Borders superstores, Books Etc and Borders Express shops in a deal that could save […]