If he’s still alive, Osama Bin Laden may be working on a book called Nidal (or Struggle), according to news services in India and Pakistan. One Arab daily is quoted as saying the book “looks at the atrocities committed against Muslims by the West and how the Crusaders have harmed world development with their objective of boosting the West’s global influence that ultimately helped the United States to seize the Muslim world’s oil reserves.” Bin Laden is said to be writing in Arabic with the assistance of a young man who will translate the manuscript into English. So far, however, […]
International News
Woe Canada; Currency Plunge Squeezes Publishers
This time last year Canadian publishers and retailers were grappling with consumer anger over higher Canadian prices for books after the US dollar hit historic lows against the country’s currency. Discounts were applied at all levels (in part to keep sales from crossing the border to US retailers and suppliers) and for 2009 most major publishers repriced their books to be near or equal to US pricing. But it was what you would call a “good problem,” helping Canadian divisions of the big publishing conglomerates to produce another year of strong financial results. But now, in just under a month’s […]
Quarto Remains Confident
After reporting a loss three months ago, the Quarto Group says that sales for their fiscal third quarter were 34.9 million pounds, well ahead of last year (when they acquired MBI) but growing at a slower rate than in the first two quarters of year. They now say operating profit for the nine months of this fiscal year are 6.2 million pounds, up 15 percent from a year ago. (Interest on borrowings to acquire MBI reduces those profits by 2.7 million pounds.) CEO Laurence Orbach says “We remain on the lookout for growth opportunities.” The company cites a “very strong […]
Bolano's Other Publisher
As Andrew Wylie prepares to take over the Roberto Bolano estate and sell newly “discovered” works (per the story we cited earlier), the Observer visits with New Directions editor-in-chief Barbara Epler, who first published Bolano in the US. She originally acquired BY NIGHT IN CHILE from Christopher MacLehose at Harvill Press, along with two other books–and then went on to acquire rights to all but the “major” works, Savage Detectives and the forthcoming 2666 from agent Carmen Balcells. In all New Directions controls “seven short novels, two books of short stories, an essay collection and a volume of poetry called […]
Walesa Autobiography Rejects Agent Charge
In his just released autobiography, former Polish president Lech Walesa vigorously denies charges that he collaborated with the country’s secret policy for two years and informed on shipyard workers. “I want everything to be known, precisely,” Walesa writes. The AP says that, “In the book, he writes that, following his arrest in December 1970, authorities offered to release him from prison if he signed some documents. ‘I did not think long. I did not even read them,’ Walesa writes. ‘I signed a number of papers on leaving the arrest, which was a standard procedure. … I remember there were many […]
Update on Efforts to Unlock Borders UK's Financing
The Independent says “Borders UK is still trying to extricate itself from the fall out from the troubles of Landsbanki, the nationalized Icelandic bank” after “last Friday, a number of companies, particularly retailers, found they could not withdraw money from their Landsbanki accounts.” Chairman of the private equity firm that owns the bookseller Luke Johnson says that “We are never more than £3m to £4m drawn on our [continuing] credit facility” but “declined to comment on the other questions put to him.” Additionally, “Euler Hermes is understood to have scaled back its insurance cover for Borders UK in the summer, […]