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Bloomsbury Increases Staff to Fight Burnout

May 12, 2022
By Katy Hershberger

Bloomsbury will add 100 new staff positions “across all areas of the company” to help alleviate workload for existing employees, The Bookseller reports. The move comes after a UK survey reported “industry-wide burnout.” The company has not announced which territories, departments, or positions will see the staffing increase. A spokesperson told the magazine, “These positions […]

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Steep Drop in Booktopia Earnings; Founder Nash to Step Down

May 5, 2022
By Katy Hershberger

Australia’s online bookseller Booktopia released a trading update for the quarter ending March 31 showing slower growth and a big drop in earnings, accompanied by an announcement that co-founder Tony Nash will step down as ceo once a replacement is found. Sales of $64.5 million AU were down 1% compared to last year, “due to […]

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At Macmillan, Weisberg to Step Aside in 2023 and Yaged to Run US

May 3, 2022
By Michael Cader

Macmillan Publishers ceo Don Weisberg will step aside from that position at the end of 2022, and current president of Macmillan Publishers US Jon Yaged will succeed him as CEO in the US. Weisberg will serve “in an advisory capacity to Stefan von Holtzbrinck” starting in January 2023. Weisberg says in the announcement: “Today, with […]

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Imprints: Sugar23 Moves to Random House

April 7, 2022
By Michael Cader

The Sugar23 Books imprint, first established at Houghton Mifflin Harcourt’s trade division, will publish newly-acquired titles in partnership with imprints across the Random House division.  Crown president David Drake will be the in-house liaison, with Kevin Doughten taking on the expanded dual role of executive editor, Crown, and nonfiction editorial director, Sugar23 Books. Sugar23 ceo […]

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Coesfeld to Advance at Bertelsmann; Kelly and Smart Named Co-CEOs at DK

April 6, 2022
By Michael Cader

Current DK ceo Carsten Coesfeld continues to move up the ranks at Bertelsmann, leaving the publisher on June 1 to become ceo of Bertelsmann Investments, reporting to Bertelsmann ceo Thomas Rabe. Coesfeld also joins Bertelsmann’s group management committee, which advises and supports the executive board. A grandson of the late Reinhard Mohn, who built Bertelsmann […]

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Finance: Bloomsbury to Increase Raises, Pearson Chooses Buyback Over Buyout

April 4, 2022
By Katy Hershberger

Following a successful year, and in response to the rising cost of living, Bloomsbury increased their annual salary increase for employees in all territories to 5 percent. They will also give staff a bonus of up to 6 percent, a program that reportedly began last year. A spokesperson told The Bookseller: “Our staff will share […]

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