We’ve said it since it the United Kingdom first voted to exit the European Union in mid-2016 and now for the first time a UK-based trade publishing executive is saying it out loud, on the record. When Britain completes its withdrawal from the EU, expected to begin in 2019, UK publishers face losing their exclusive…
International News
Abrams Continues to Pare BNED Stake; Amazon Stores for Germany?
Investor David Abrams and Abrams Capital Management took advantage of the opportunity to pare back on their money-losing investments in Barnes & Noble companies. With the rebound in shares of Barnes & Noble Education starting on December 5 as the retailer reported some improvement in profits, Abrams has been a steady seller. According to recent…
Briefs: NYT Lists, Pearson’s Deal for Wall Street English, Waterstones Announces New Stores
People Eva Scalzo has joined Speilburg Literary Agency, representing romance and young adult fiction. Best Of Last Wednesday the NYTBR posted their list of 100 notable books for 2017. That means their top 10 list is due later this week. Former NYT book critic Michiko Kakutani doesn’t have a vote this year, but last week she indicated…
People, Etc.
Maris Kreizman will leave her position as editorial director of Book of the Month club on November 30 after a little over a year with the company, to give her “full attention back to my own writing.” At William Morrow, Heidi Richter has been promoted to senior publicity director, while Anwesha Basu moves up to…
IPO Launches For One of the World’s Most Valuable eBook Platforms
Benefiting from a red-hot market for IPOs in general in Hong Kong, the shares of Tencent spinoff China Literature nearly doubled in their first day of trading. The offering itself, which raised about $1.1 billion in proceeds for the company, was massively oversubscribed, reportedly with orders for more than 600 times the number of shares…
People, Etc.: Cynthia Nixon to Host NBA Event
Actor Cynthia Nixon will host the National Book Awards ceremony on November 15. Jeff Tegge has joined Baker & Taylor Publisher Services as vice president of client services, reuniting with longtime colleague Mark Suchomel. Tegge was president of Legato Publishers Group and prior to that, vp of sales at IPG. Rachel Horowitz has joined The Bent Agency as…