The longer the auction for the Reed Business Information goes on, the more the reported price drops, as the economy continues to slide. The latest rumor in the British media has the offering prices heading below 1 billion pounds, against an initial valuation of at least 1.25 billion pounds. The three bidders left are Bain Capital, TPG and Strauss Zelnick. One person involved in the deal tells the FT, “Reed Elsevier won’t sell at any price but buyers can’t ignore what they are hearing and seeing in the marketplace.” Plus, “Just how much below £1bn remains to be seen.” But […]
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Sargent Shortlist
The Mercantile Library Center announced the shortlist for the 2008 John Sargent Sr. First Novel Prize. The winner will be named December 1: Atmospheric Disturbances by Rivka Galchen (Farrar, Straus & Giroux)Dervishes by Beth Helms (Picador) The Good Thief by Hannah Tinti (The Dial Press)Personal Days by Ed Park (Random House)Songs for the Butcher’s Daughter by Peter Manseau (Free Press)The Story of Edgar Sawtelle by David Wroblewski (Ecco/HarperCollins)The Story of Forgetting by Stefan Merrill Block (Random House) Separately, former US poet laureate Louise Glueck was given the $100,000 Wallace Stevens Award for “outstanding and proven mastery in the art of […]
Today's Book Deal Highlights: Ron Paul, Tori Spelling, and More
The new reports on the PublishersMarketplace deals page include: Ron Paul’s memoir of his thirty-year career in politics; Tori Spelling’s MOMMYWOOD; screenwriter Dianne Dixon’s debut novel, LIMA STREET; and Andrea Mays’ THE MAN WHO SAVED SHAKESPEARE.New Deals page