The American Library Association’s executive board announced Tuesday that the scheduled June 25 to 30 ALA Annual Conference & Exhibition in Chicago has been canceled. President Wanda K. Brown said, “As the COVID-19 pandemic unfolds, it’s become clear that in the face of an unprecedented situation, we need to make tough choices.” It’s the first…
McGraw-Hill Cengage Merger Further Delayed As UK Announces Deeper Review
The UK Competition and Markets Authority (CMA) announced March 24 that it would conduct an in-depth review of the planned merger between McGraw-Hill and Cengage. The review, referred to as a Phase 2 investigation, is not expected to conclude before September; meanwhile, competition agencies in the US, Australia, New Zealand, and Mexico are also still…
Penguin Random House Gained On Foreign Exchange, Acquisitions, And A Little Growth
Bertelsmann reported sales for 2019 on Tuesday, with Penguin Random House showing gains in sales and profits, primarily from the stronger US dollar and a continuing string of acquisitions, plus decent “organic growth” of 1.5 percent. Topline sales of €3.636 billion were up €212 million from 2018, rising 6.2 percent. Operating EBITDA of €561 million…
Bookstore Needs and Relief, and Publisher Layoffs
Ceo of Canada’s Indigo Books Heather Reisman deserves extra attention for her current stance as their stores are closed chainwide, telling the Toronto Star “she is continuing to pay her employees during the shutdown.” Indigo continues to ship online orders, and “when we close 200 stores it has a very significant impact on the company.”…
Free Resources: More Updates
A lot of updates came in to our sharable, free web pages on resources and measures the publishing community is taking. Continue to let us know as you add initiatives and information. Also, publishers, since all of your new educational permissions policies vary slightly, try to post the complete guidelines somewhere on your website so that…
WH Smith Changes Position and Will Close Many of Their Stores
Following Monday’s closure of Waterstones stores across the UK, competitor WH Smith will close approximately 60 percent of their high street bookstores as well. Initially the company resisted closing any locations, with employees complaining about the risks to the media (“It’s putting the general public and ourselves at risk. We don’t want to be there,…