Last week Woolworths officially filed for bankruptcy is here, with distributor EUK going into receivership along with the Woolworths’ stores division. Improbably, book distributor Bertram’s appears to have been spared, even though it was always listed as part of the EUK division. Deloitte, which had been advising Woolworths’ lenders over the past month, was appointed administrator. Bertram’s, along with Woolworth’s 2Entertain joint venture with the BBC, is reportedly operating normally for now, though it will be sold as part of the liquidation of Woolworths assets. Bertram’s says on their web site, “Bertram’s management has been in contact with Deloitte, which […]
Free
Newspaper Picks
The NYT has picked and picked and picked. The Book Review posted its list of 100 Notable Books for 2008, and critics Michiko Kakutani and Janet Maslin selected personal top 10 lists. Only 5 of the critics’ picks are on TBR’s list which, as usual, features a number of books by New York Times’ staffers (and at least one NYT company employee at the Boston Globe), if they do say so themselves. It’s less numerically pretty for children, where the Book Review came up with eight notable books. Here are the critics’ lists, asterisked where they overlap with the Book […]
Philly's Oldest Indie to Close
Robin’s Bookstore, started and “believed to be Philadelphia’s oldest independent book seller, is calling it quits at the end of January.” With sales falling “as much as 15 percent in recent months,” owner Larry Robin says business has gone “from bad bearable to bad unbearable.”Inquirer
People and More
Julia Churchill is joining the Greenhouse Literary Agency. She was an agent with the Darley Anderson Agency, specializing in children’s fiction. At Random House Audio, Rebecca Waugh has been promoted to senior acquisitions editor for Listening Library. In the UK, Jamie Magazine–featuring Jamie Oliver–launches this week, exclusive to WH Smith stores for the first three issues. Unusually, the Guardian says the magazine is funded directed by Oliver, at a cost of 250,000 pounds. Augsburg Fortress, the publishing arm of the Evangelical Lutheran Church in America based in Minneapolis, announced last month it would end its consumer book publishing line to […]
Parent Co. "Would Consider" Selling HMH Trade
With general bafflement continuing over Houghton Mifflin Harcourt’s willingness to admit out loud that they have a freeze on buying new books, the NYT speaks to Jeremy Dickens, president of Education Media and Publishing Group, the private equity company that owns the trade publisher. “He denied that the company was for sale, but said, ‘If there’s a transaction that makes sense for all of our stakeholders, we’ll consider it.'” And “he said that the company had received inquiries from other trade publishers interested in acquiring Houghton.” On the freeze, Dickens said they wanted to be “extremely prudent about the way […]
Borders Comps Plunge; Pershing May Lend More
Borders has confirmed the obvious: “management is no longer contemplating a transaction” to sell the entire company.” But it is “in discussions with Pershing Square regarding an alternative financing transaction,” and still has the right to sell the Paperchase chain to Pershing Square for $65 million. Same-store sales for the third quarter suffered more at Borders than at the other big chains, falling 12.8 percent at their superstores, which had $548.4 million sales, with Waldenbooks comps falling less, by 7.7 percent, for sales of $91.5 million in total. Their web site sales were $11.9 million, “which is below management expectations […]