Libby Book Awards
The Libby Book Awards announced their inaugural winners across 17 categories. Winners were chosen by a panel of 1700 librarians worldwide.
Yoto Carnegies Shortlist
The Yoto Carnegies announced their shortlists at London Book Fair, with winners to be named on June 20.
BNED Continues to Look For a Solution
Barnes & Noble Education reported results for the third quarter ended January 27, with sales up 4 percent to $457 million from $438 million last year, due to “higher course material sales.” The net loss improved to $(9.9) million from $(22.1) million, but the company still cannot make money and that remains an existential problem. Facing a deadline from their lenders, significant debt and an ever-sinking stock, the company took the unusual step of canceling their investor call, “due to the advanced and ongoing discussions with third parties to evaluate a range of options to strengthen its liquidity and financial […]
BIO Award
Scholastic to Acquire 9 Story Media Group
Scholastic has signed a deal with children’s content creator, producer, and distributor 9 Story Media Group, in which it will acquire 100 percent economic interest in the company, as well as minority voting rights, for approximately $186 million. The two companies have previously collaborated on TV projects including the “Clifford the Big Red Dog” reboot for PBS Kids and Amazon Prime Video and “Eva the Owlet” on Apple TV+. Scholastic ceo and president Peter Warwick said in a release, “This highly strategic combination, adding 9 Story’s industry-leading capabilities with Scholastic’s trusted brand and proven ability to create iconic children’s series and […]