• Skip to main content
  • Skip to primary sidebar
  • Login
  • Register
Publishers Lunch logo Publishers Lunch logo
  • Publishers Marketplace
  • Site Guide
  • Help
Login Sign Up
  • Personnel
  • AI
  • Compensation
  • Unions
  • Book Bans
  • New Releases
  • Earnings
  • The Trial
  • Archives
Publishers Lunch logo
  • Publishers Marketplace
  • Site Guide
  • Help
  • Publishers Marketplace
  • Site Guide
  • Help

M&A

August 21, 2008By Michael Cader

Bertelsmann Among Reed Bidders?

August 21, 2008By Michael Cader

German newspaper Sueddeutsche Zeitung  reports that Gruner + Jahr, in which Bertelsmann owns a controlling stake, is among the bidders for Reed Business Information.Wire item

Login to read full story

August 7, 2008By Michael Cader

Scholastic Announces Direct-to-Home Continuities Sale

August 7, 2008By Michael Cader

Scholastic announced that it has “entered into a definitive agreement” with private-owned Sandvik of Norway to purchase their US direct-to-home continuities business. Sandvik’s primary business is “operating consumer-direct, age-appropriate children‘s book clubs, using email and the Internet to reach their target audience of parents with children up to age seven.” The deal is expected to close in the first quarter of 2009.Release

Login to read full story

August 3, 2008By Michael Cader

Putting a Price on AbeBooks

August 3, 2008By Michael Cader

TechVibes–where former ABE executive (and still director) Boris Wertz is also a director and investor–estimates a price tag for Amazon’s recent purchase of $90 million to $120 million: “According to the AbeBooks website, in 2007 they did $190 million in gross merchandise volume and had 13,500 bookseller members on their platform. Based on AbeBooks’ 13.5% combined commission/service fee and minimum monthly subscription fee of $25, AbeBooks’ revenue in 2007 was approximately $30 million. If you look at comparable online e-commerce businesses like eBay with a current market cap of $32 Billion and 2007 annual revenue of $7.6 Billion, it’s safe […]

Login to read full story

August 1, 2008By Michael Cader

Amazon.com to Buy AbeBooks

August 1, 2008By Michael Cader

Amazon can lay ever-bigger claim to being the largest independent bookseller in the world with today’s news that the etailer has agreed to acquire AbeBooks. The online marketplace says it offers “over 110 million primarily used, rare and out-of-print books listed for sale by thousands of independent booksellers from around the world.“ Amazon vp of books Russell Grandinetti says, “As a leader in rare and hard-to-find books, AbeBooks brings added breadth and expanded selection to our customers worldwide. AbeBooks provides a wide range of services to both sellers and customers, and we look forward to working with them to further […]

Login to read full story

July 20, 2008By Michael Cader

McGraw Hill Joins Equity Firms Interested in Reed Business

July 20, 2008By Michael Cader

The Telegraph says that McGraw Hill is one of the few actual publishing companies to express interest in bidding on Reed Business Information, along with a number of private equity firms. Reed is making available 160 million pounds in loans and has arranged another 560 million pounds in credit from a consortium of bankers to make it easier to unload the unit in one piece. First round bids are due by mid-August.Telegraph

Login to read full story

July 15, 2008By Michael Cader

Bertelsmann Reverses Denial: Will Sell More Book Clubs

July 15, 2008By Michael Cader

The AP has obtained a letter to Direct Group employees from Bertelsmann chief executive Hartmut Ostrowksi that admits “we have decided to initiate the sale process for our [book and music club] businesses” in the UK, Australia and New Zealand, plus the Czech Republic, the Netherlands and Flanders (Flemish-language in Belgium), Poland, Russia, Slovakia and Ukraine. At least for now the company intends to retain Direct Group units in German and French-speaking countries, plus Spain, Italy, and Portugal. (Note that the French media recently reported the hiring of Morgan Stanley to elicit offers for the Direct Group division.) AP

Login to read full story
  • « Go to Previous Page
  • Page 1
  • Page 2
  • Page 3
  • Page 4
  • Go to Next Page »

sidebar

Primary Free Sidebar

Login

Forgot Password Quick Pass User Login
Get Full Access
The Publishing Industry’s Essential Daily Read

Each Publishers Lunch Deluxe subscription includes full access to our searchable multi-year archive of industry news, a nightly email reporting 10 to 50 deal transactions, and our database of industry contacts, scripts, and posting privileges.

Learn More

RSS Automat

  • Authors Write An Open Letter to Publishers Against AI July 1, 2025 Lit Hub
  • Pearson and Google Partner on AI Tools June 27, 2025 Press Release
  • Author of "Life as We Knew It," Among 76 Books of "Complex Stories for Young Adults" Susan Beth Pfeffer Dies at 77 June 26, 2025 NYT
  • Why Man Not Read Fiction We Think Should? IDK -- Let's Ask A Tourist Bookstore June 26, 2025 NYT
  • Baseball Writer Scott Miller Dies at 62 June 24, 2025 NY Post
  • Accusations of Plagiarism, AI Use, and Bullying on BookTok June 23, 2025 NBC News
  • Larry Gagosian Visits His Store, BookHampton: "I just want the store to look more serious" June 23, 2025 Curbed
  • TikTok's 8th Note Press Is Shutting Down, Returning Rights to Authors June 21, 2025 NYT/Bookseller
  • Researchers Find That Newer Meta AI Models Have Memorized More of Popular Books Like Harry Potter June 20, 2025 Ars Technica
  • David Steinberger Interviews James Daunt on the Open Book Podcast June 20, 2025 Open Road
Publishers Marketplace logo

Contact Us

News

  • Publishers Marketplace
  • Report News
  • Discuss
  • Classifieds
  • Rights Offerings

Deals

  • Report A Deal

Books

  • Buzz Books

Jobs

  • Job Board
  • Privacy Policy Terms of Use