After Informa rejected a reduced bid of 1.9 billion pounds (down from an original bid of 2.2 billion pounds), the consortium of private equity groups hoping to buy out the company “has decided to withdraw its proposal.” The group, led by Providence Equity Partners, reportedly had trouble raising financing for the deal. But the group “said they reserved the right to make or participate in an offer for Informa within six months subject to certain conditions.” In today’s markets, Informa shares are trading over 20 percent below that reduced offer (the group bid 450p a share; the price is now […]
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Plus: Waiting for Brisingr; Prosecuting Bush in Vermont; No Bratz for Scholastic
* Booksellers and fans are gearing up for the just-past-midnight launch of Christopher Paolini’s BRISINGR. In the UK, Waterstone’s children’s buyer Claudia Mody tells the Telegraph, “It’s our biggest pre-order campaign for anything since the final Harry Potter novel. Bigger than Sebastian Faulk’s James Bond novel, Stephanie Meyer’s Twilight or Delia Smith’s How to Cheat at Cooking. It’s going to be huge.” * The WSJ dubs books like Reading the OED and works of AJ Jacobs as “grit lit,” calling them “the geek equivalent of extreme sports.” Joanne Kaufman adds: “The popularity of such books makes perfect sense. After all, […]
Juicy Bits Returns: Angler
Slate brings back their juicy bits column, pulling “a breezy executive summary” from Barton Gellman’s ANGLER “for those of you who are too lazy or too incurious to read [the] lengthy expose.”Slate
Book Spun from Movie Could Be Season's Christian Hit
Here’s a twist on the usual formula. “Fireproof” is a movie set for release at the end of the month about a firefighter asked by his father to take a 40-day marriage challenge before divorcing his wife of seven years. The challenge involves reading and following an invented book THE LOVE DARE, “which eventually transforms him and his view of love, marriage, and faith.” So test audiences for the movie asked how they could get the book–which didn’t exist. Brothers Alex Kendrick and Stephen Kendrick, pastors at Sherwood Baptist Church in Albany, Georgia and creators of Sherwood Pictures, who directed […]
Do You XML?
O’Reilly and the Ideal Logical Company have partnered in a new information enterprise that will include conferences, a survey, and research papers “to understand and spread the knowledge publishers need to move forward with XML.” They note: “The StartwithXML project will explore all the issues of moving to a StartwithXML workflow through interviews and case studies with publishers and with the channel partners they will be working with to reach new readers in new ways. We’ll be looking at what benefits can come to a publisher today from working this way, and what important steps to the future are enabled […]
Rowling Wins over RDR, but Judge's Ruling Is Mixed
Judge Robert Patterson agreed that author JK Rowling would face irreparable harm from RDR Books’ proposed publication of the HARRY POTTER LEXICON and ruled in her favor in the copyright infringement suit brought by Rowling and Warner Bros. Patterson said the publisher “had failed to establish an affirmative defense of fair use” and issued a permanent injunction against publication–but since the book had not been issued yet, he awarded minimum statutory damages of $6,750. In the full opinion, Patterson walks a fine line through the nuanced arguments made in the case. He acknowledges that “reference works that share the Lexicon’s […]