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Year End

2022: The Year In Mergers

January 2, 2023
By Michael Cader

2022 was an odd year for publishing mergers, in multiple ways. In line with the larger market and the broader economy, the year started strong with a series of deals of note, following pandemic-driven strength. Then as interest rates rose and the economy cooled, deal activity got quiet quickly. Some of the year’s biggest deals […]

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2021: The Year In Mergers

December 23, 2021
By Michael Cader

It was a blockbuster year for mergers and acquisitions, even with the headline-making lawsuit brought by the Department of Justice to try to block Penguin Random House‘s deal to acquire Simon & Schuster. Prospective sellers across the publishing landscape read the environment and made big deals, often at healthy multiples. With growing sales, strong profits, […]

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2021: The Year in Finance

December 22, 2021
By Katy Hershberger

With Bookscan-monitored print sales up 11 percent in units through November and AAP-reported dollars up even more through October, trade publishers are lined up for a strong, and profitable, year. Multiple publishers have set new earnings records so far this year, as the pandemic-related increase in reading – including backlist sales, audio consumption and online […]

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Zauner Tops Libro.fm’s Bestselling Audiobooks of the Year

November 8, 2021
By Katy Hershberger

Libro.fm announced their top 10 audiobooks of 2021, “based on sales through 1,500+ independent bookstore partners.” Crying in H Mart by Michelle Zauner, narrated by Michelle Zauner (Penguin Random House Audio Publishing Group) The Last Thing He Told Me by Laura Dave, narrated by Rebecca Lowman (Simon & Schuster Audio) Malibu Rising by Taylor Jenkins […]

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Simon & Schuster CEO Looks to “A Host of New Opportunities”

December 18, 2019
By Michael Cader

As Simon & Schuster closes the year as part of the newly re-merged ViacomCBS, ceo Carolyn Reidy writes to staff in her year-end letter, “This re-combination will present Simon & Schuster with a host of new opportunities as we forge close relationships that can both draw from and supply content to our new media partners, […]

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Briefs

December 12, 2019
By Erin Somers

Robin Richardson will join Tommy Nelson as senior director of marketing starting December 18. Previously she was vice president of digital for RFD-TV. The Noble Prize site has posted the text of Olga Tokarczuk‘s Nobel Lecture. The Book Industry Study Group released their 2019 update to the BISCAC codes (the detailed genre/subject codes that tell trading […]

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