This WSJ article must have been pretty easy to compile, spinning off of book titles that didn’t stay relevant for long, such as: Why the Real Estate Boom Will Not Bust — And How You Can Profit From ItSpoiling for a Fight: The Rise of Eliot SpitzerThe Fred Factor: How Fred Thompson May Change the Face of the ’08 Campaign Of course I bet we could come up with far more discredited article titles from the past couple years of the Journal…. One interesting stat: “Nonfiction sales in the U.S. have risen steadily to 311 million books in 2007 from […]
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How Much Will Reed Pay You to Buy Their Magazines?
Reports continue to indicate that Reed has had to put together a financing package to cover most of the purchase price of the Reed Business Information unit in order to get someone to “buy” it. (In this case, “buy” likely means agree to make a small down payment and take the big debt package Reed is offering, with the properties as collateral.) They have had to supplement a $1.26 billion package of staple financing from a coalition of banks with another $330 million in loans from their own balance sheet in vendor financing. Which probably means that, while bids were […]
Plus: Sundance Sale; Bertelsmann; UK Age-Banding; and More
* In a one-line announcement, Haights Cross Communications it has completed the sale of substantially all of the assets of its educational Sundance/Newbridge Publishing business to Rowman & Littlefield Publishing Group on undisclosed terms. * The Financial Times looks at the current remaking of Bertelsmann: “Hartmut Ostrowski’s desire to set out a new growth strategy for Bertelsmann is turning into a battle between the expansionist ambitions of its new management team and the constraining financial legacy inherited from his predecessors.” We know what they’re selling, but it’s not exactly clear what they want to be buying and why. “His hopes […]
Bloomsbury Reports
Bloomsbury reported sales for the first half of their fiscal year of 42.1 million pounds, down considerably from last year’s Potter-influenced 51.4 million pounds, though all divisions except for children’s showed growth in the period. Operating profits were up 6 percent at 3.45 million pounds (and the company made a healthy amount on their cash horde, recording over 1.9 million pounds in investment income). The UK adult trade rose by a third, with sales of 20.5 million pounds, while UK children’s comprised 14 million pounds. The US division was up 10 percent, at 6.4 million pounds; while it continued to […]
Rick Warren's Purpose-Driven Magazine?
Portfolio’s blog says that the author of the mammoth seller The Purpose-Driven Life is working with Reader’s Digest to develop a magazine based on the book. “According to sources familiar with the details, RDA will publish the first test-issue of the magazine, whose working title is Purpose, as early as this fall. Joe Treen, a former editor at People and Discover, will edit it.” Portfolio
Samantha Ronson Proposal?
E! reports from “a source close to club DJ and Lohan pal Samantha Ronson” (yes, that apparently counts as a source in today’s world) that Ronson is “certainly telling friends she’s planning to write a book. It’s supposed to be about her, allegedly. But come on, you know Lindsay will be all over that book. She’s the only one people want to read about.” Press-shy father Michael Lohan tells them, “I’ve shut up about this long enough. She’s using my daughter. People never even knew who Samantha Ronson was until she met Lindsay. She was just some L.A. DJ. And […]