McGraw-Hill announced “it restructured a limited number of business operations and corporate functions in the fourth quarter of 2008 to serve its markets more efficiently in the current economic environment while positioning the company for future growth.” Included in those cuts they shed another 215 jobs in the McGraw-Hill Education division, the hardest-hit of the four areas that were restructured. Those reductions came on top of 240 positions eliminated at the Education division earlier in the year.Announcement
Borders Gets A New Chief As It Battles For Survival
New Borders ceo Ron Marshall placed phone calls yesterday to top publishers to reassure them of the company’s viability, the WSJ reports. Hachette Book Group ceo David Young says, “He said he is absolutely hell-bent on insuring that Borders is the first choice for the serious book buyer.” The WSJ adds: “Publishers and other suppliers said that Borders is currently paying its bills. But the retailer has been aggressively selling assets, slashing costs, laying off employees, and reducing debt to stave off the kind of financial crisis that could result in a Chapter 11 bankruptcy filing…. However successful Mr. Marshall […]
Kaplan Acquires Cleveland Clinic Press Assets
Kaplan Publishing has acquired “the majority of the assets” of the Cleveland Clinic Press, including 29 titles in the Cleveland Clinic Guides health reference line, and seven other books. The guides comprise “consumer health books written by Cleveland Clinic experts in various subject areas.” Started in 2005, the press’s staff was disbanded last spring. (Kaplan notes that it was Publishers Lunch report on trouble at the press “that led to this agreement coming into place.”) Kaplan president and publisher Maureen McMahon says in the announcement, “Last spring we began looking to expand our trade publishing program and this move allows […]
Costa Winners Include Athill, 91
Recently given an OBE on the Queen’s annual honors list, Diana Athill has won the Costa Award for biography for SOMEWHERE TOWARDS THE END, a contemplation of the advantages and disadvantages of advanced age. The other category winners are: First NovelSadie Jones, The Outcast, scoops Novel Sebastian Barry, The Secret Scripture PoetryAdam Foulds, The Broken Word Children’sMichelle Magorian, Just Henry The overall book of the year winner will be selected from among the category honorees later this month. Guardian
One Dollar Ebooks
Orbit has launched a promotional program offering a different book each month, selling for just one dollar each. Vendors include Amazon and Sony, along with Stanza, eReader, Fictionwise, Diesel, and MobiPocket. This month’s offering is Brent Weeks’ debut THE WAY OF THE SHADOWS. Publisher Tim Holman says: “We believe that this promotion will give readers a great opportunity to discover new writers. Most of our consumer marketing has an online focus, and the digital marketplace offers the perfect platform for price-promotion initiatives such as this…. The range of titles chosen for the promotion includes a mix of frontlist and backlist, […]
People: Goldberg Named CEO of Lonely Planet, and More News and Announcements
Lonely Planet has appointed Matthew Goldberg as ceo as of March, reporting to BBC Worldwide managing director of Global Brands Marcus Arthur and based in Melbourne, Australia. He was svp, digital strategy & operations at Dow Jones, where he led business operations at the Wall Street Journal Digital Network. (Prior to Dow Jones, Goldberg worked at Bertelsmann.) Arthur says in the announcement that Goldberg “has extensive experience in print and digital media and is a perfect fit for a company like Lonely Planet both culturally and commercially. I’ve no doubt that Matt’s expertise will not only help maintain Lonely Planet’s […]