Coffee House Press founder and publisher Allan Kornblum will retire from the company, with associate publisher Chris Fischbach to succeed him as publisher. Kornblum, who founded the press in 1973, told the Twin Cities Daily Planet he’ll concentrate on more systems cleanup and on fundraising projects, and he has begun to write his own memoir. Twin Cities Daily Planet Workman has announced a series of promotions and new hires. Raquel Jaramillo has been promoted to both editorial director and creative director of children’s publishing, reporting to Suzie Bolotin, and she will also serve as acting creative director for the overall […]
Announcements: New Funding for Osprey, John Locke’s a Kindle Millionaire
Osprey Group announced it has received new funding from London private equity firm Alcuin Capital Partners, providing additional expansion capital to continue Osprey’s strong growth in niche and enthusiast market segments. With the investment, Alcuin acquires a controlling interest in Osprey but the company’s existing majority shareholder Botts Capital Nominees will remain a significant minority shareholder going forward. Self-published thriller phenomenon John Locke is the latest (and eighth) author to sell more than a million Kindle ebooks. Release The British Library has signed a multi-year deal that will allow Google to scan more than 250,000 out-of-copyright works from 1700 to […]
Bookselling: WHSmith Travel Success; Thalia To Open Airport Shops; and More
One apparent bright spot in the UK bookselling landscape is WHSmith Travel, profiled in Publishing Perspectives as “long the jewel in the famous company’s portfolio.” UK publishers point to the experience of the buying team, which cites Christos Tsiolkas’ THE SLAP and Richard Templar’s THE RULES OF LIFE as titles they have done well with, as well as the division’s international expansion: they currently operate 26 units, with another 2 to open, as well as having acquired 12 more locations in India and Kuwait. Germany’s largest bookseller Thalia, working in conjunction with Sweden’s Pocket Shop AB, will add between 15-30 […]
Borders Reaches Deal With GE Capital, Will Name First Bidder By July 1
In court papers filed late Friday, Borders said it has reached an agreement with GE Capital on a new amendment to its debtor-in-possession loan that will allow more than 40 stores whose landlords had not granted more time for the company to accept or reject leases to remain open. Borders said the agreement “enable [them] to commence and consummate a coordinated dual-track sale process for the sale of their businesses by the end of July.” In addition, Borders said it’s expected to name a stalking horse bidder on or before July 1, and has scheduled an auction on July 19, […]
Lunch Weekly For June 20, 2011
Deal Reports Just e-mail to deals@PublishersMarketplace if you aren’t using the online form linked below. Report a deal using the online form The Key As usual, the handy key to our Lunch deal categories. While all reports are always welcome, those that include a category will generally receive a higher listing when it comes time to put them all together. “nice deal” $1 – $49,000 “very nice deal” $50,000 – $99,000 “good deal” $100,000 – $250,000 “significant deal” $251,000 – $499,000 “major deal” $500,000 and up FICTION Debut Ashley Prentice Norton’s THE CHOCOLATE MONEY: the story of the daughter of […]
Rep. Michele Bachmann Said to Have Book Deal With Sentinel
The NYT says that Republican presidential candidate and Minnesota Representative Michele Bachmann will publish her memoir through Penguin’s Sentinel, according to “two people familiar with the negotiations.” Sentinel’s Will Weisser said “we have nothing to announce at this time, adding “we did have a wonderful meeting with her.” Politico writes that Bachmann, who is represented by agent Alex Hoyt, was swayed by Penguin CEO David Shanks. As “a Republican and an observant Catholic — both rarities in New York’s publishing world — Shanks convinced Bachmann that, as a conservative himself, he’d be the right man to handle her book and […]