As has been widely reported, HarperCollins announced Friday that for new titles released on or after March 7, library ebook vendors will be able to circulate these titles a maximum of 26 times before the license expires and libraries will need to buy a new license. The news first emerged in a letter from OverDrive CEO Steve Potash to member libraries, which at that point said the distributor was “required to accept and accommodate new terms for eBook lending as established by certain publishers.” The letter further noted that the new limits apply to “all eBook vendors or distributors offering […]
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Bookselling: Waterstone’s Sales Talk; Foyles on the Move; Nontraditional Outlets; and More
Russian billionaire Alexander Mamut, who has increased his stake in Waterstone’s to more than 6 percent over the past few weeks, is now reportedly in talks with the company to buy the chain outright in a joint bid with founder Tim Waterstone. Mamut has hired Credit Suisse to assist in the potential bid. ThisIsMoney.co.uk Foyles will move its flagship space from its current home on 113-119 Charing Cross Road, where it has been since 1906, to a new store down the street sometime in 2013. The nearly 75,000 square foot space, almost double the present location, was bought by Foyle […]
Records Show Fox News Head Roger Ailes Asked Judith Regan To Lie to Investigators
The memory of Judith Regan’s inauspicious 2006 exit from HarperCollins – as well as the breach of contract lawsuit against News Corporation she settled for $10.7 million – had long faded into the background. But a New York Times front page story this morning brings those events to the forefront thanks to the apparent solution to one of the more explosive allegations Regan made at the time: that a prominent News Corp executive urged her to lie to investigators about her former lover Bernard Kerik, then a candidate to run the Department of Homeland Security and now in jail for […]
Bookselling: Second Store for Mysterious Galaxy, and 25 Newly Opened ABA Stores in 2010
San Diego-based independent mystery & science fiction bookstore Mysterious Galaxy will open a second location in Redondo Beach later this summer, with grand opening events in October. The new 4,000 square-foot store grew out of a popular book-and-author series “Ladies, Lunch, and Literacy” hosted in the area by co-owner Terry Gilman.BTW In related news, the ABA rounds up twenty-five new member stores that opened in 2010, which the association sees as a sign that “growing support for locally owned businesses, along with continued support for bricks-and-mortar stores.”
Briefs: Kodansha and Dai Nippon Buy Vertical; Syracuse University Press Pulls Fictionalized Memoir; and More
Kodansha and Dai Nippon Printing announced they are buying nearly equal stakes in smaller Japanese publisher Vertical, for an undisclosed sum. Kodansha will own 46.7% of the company, and Dai Nippon will hold a 46% stake. In addition, current COO Yoshinobu Noma will succeed Sawako Noma as Kodansha CEO in April.Anime News Network Syracuse University Press will no longer print copies of Montclair State University professor Fawzia Afzal-Khan’s fictionalized memoir Lahore With Love: Growing Up With Girlfriends Pakistani Style, published last year, after receiving legal threats from a woman in Pakistan who says that a character is based on her […]
BN Plans Brand Refresh, Will Spend $40M on Marketing Efforts
Here’s one way Barnes & Noble plans to invest some of the cash flow freed up by suspending its dividend: AdAge reports the company has hired Interpublic’s Mullen to “refresh its brand with an effort that includes an estimated $40 million investment in marketing and a new look for stores.” That amount is expected to double BN’s previous marketing spend. Mullen replaces Omnicom Group’s Merkley & Partners.AdAge Following yesterday’s pre-market announcements, Barnes & Noble’s shares fell more than 14 percent in full-day trading, declining 2.67 to finish at $15.94. The stock is falling further today, down another 4.5 percent so […]