After renewed controversy around prosector-turned-mystery novelist Linda Fairstein following the release of a Netflix series about the Central Park Five, When They See Us, her longtime publisher Dutton said Friday the two parties “decided to terminate their relationship.” A “person with knowledge of the situation” tells the NYT that Dutton is buying out her contract….
Penguin Random House Buys Again, Acquiring F+W Books
Penguin Random House has been selected as the winning bidder in the bankruptcy sale of the book publishing assets of F+W Books. The bid is expected to receive approval from the bankruptcy court on June 10, in which case the sale should close before the end of June. The books division had sales of approximately…
Industry Considers POD as Offset Capacity Shrinks
The Book Industry Study Group held a two-hour panel June 6 on “The Potential for On-Demand Printing,” moderated by Ken Fultz, recently retired from his role as general manager at Ohio-based Bookmasters. Contributing were Andrea Fleck-Nisbet (Ingram Content Group), Dane Neller (On Demand Books), Michelle Weir (Hewlett Packard), and Rich Dzurus (Canon). Approximately 30 printing,…
Briefs
Boston Globe books editor Paul Makishima has left the newspaper. Barack Obama and Michelle Obama have another production deal; under this one, their production company Higher Ground will “develop and produce podcasts” exclusive to Spotify. The Obamas “are expected to participate in at least some of the podcasts, which “could potentially mean hosting, narrating or…
Now Official: Elliott Advisors to Buy Barnes & Noble, Daunt to Become CEO
Following quickly on a WSJ advance report Thursday that was slightly off, “funds advised by” Elliott Advisors in the UK have an agreement to buy Barnes & Noble for a modest $6.50 a share. That’s about $476 million to purchase the shares outstanding, plus the assumption of long-term debt makes the cash purchase “valued at”…
Elliott Management Called “Lead Bidder” In Coming Barnes & Noble Sale
The industry was been waiting eagerly and nervously for the conclusion of Barnes & Noble’s long-running exploration of a sale of the company. On Thursday the WSJ reported that hedge fund Elliott Management is the “lead bidder in an auction that could come to a head soon.” Or not. “The talks could still fall apart…