German Buch News: G+J’s Buchholz joins B’mann’s Exec Board

In Feature Articles, German Buch News, News by Siobhan O'Leary

By Siobhan O’Leary Boersenblatt reports that Gruner + Jahr CEO Bernd Buchholz has been named to Bertelsmann’s Executive Board. He will continue as CEO of G+J and will receive no additional compensation for this new role. After a short stint in politics, Buchholz worked for G+J in various capacities starting in the late 1990s and has been CEO since the …

Top US/UK Trade Talk: McGraw-Hill Shrinks; Managers Buy Borders UK

In Feature Articles, Global Trade Talk, News by Edward Nawotka

By Edward Nawotka McGraw-Hill Education has re-organized it’s elhi division and laid off 335 people (after eliminating 445 people last year), reports Publishers Weekly. The wider McGraw-Hill company is eliminating another 210  positions throughout the firm. Publishers Lunch also focused on the lay-offs, noting: “The company’s announcement, however, simply focuses on ‘creating  achievement-focused preK-12 education group to help students develop …

German Buch News: Merkel Commits to Frankfurt, Schwarze Becomes a Chevalier

In Feature Articles, German Buch News, News by Siobhan O'Leary

By Siobhan O’Leary The Boersenblatt reports that Chancellor Angela Merkel is planning to attend the opening of this year’s Frankfurt Book Fair on October 13th.  It is still unclear which political figures will represent Guest of Honor China at the fair, but what is clear is that the opportunity for political and cultural discourse will be a priority. Longtime Aufbau …

Despite Down Economy, Remainders Still a Great Way to Make Money

In Feature Articles by Edward Nawotka

By Edward Nawotka KNOXVILLE, TN: “For a long time the remainder market wasn’t considered a legitimate part of the book trade,” says Larry May.  May, who runs The Spring Book Show and the Great American Bargain Book Show, remainder book trade fairs held in Atlanta and Boston respectively, believes that perception has finally turned around. “Maybe it’s the economy, but …

Publisher Witnessed Assassination During Tehran Protests

In Feature Articles by Chip Rossetti

By Chip Rossetti TEHRAN: Amid the post-election turmoil and public protests that have roiled Iran over the last several weeks, one of the most poignant (and potent) symbols for the opposition has been Neda Agha-Soltan, the young woman shot by a government sniper in the midst of the Tehran crowds on June 20. A short, shaky video of her death …

German Buch News: Bertelsmann Pay Cuts, Twitter Usage Up

In Feature Articles by Siobhan O'Leary

By Siobhan O’Leary Executives at Bertelsmann’s Gutersloh headquarters were recently hit with diminished bonuses (as much as 50% lower in some cases) and salary cuts. Now, the pay cuts are affecting other employees at Gutersloh, says Buchmarkt. They will not be seeing the 2.5% pay scale increase that was planned for this month, and employees being paid over and above the …

German Buch News: Sales Up Slightly, “Psychological DRM”

In Feature Articles, German Buch News, News by Siobhan O'Leary

by Siobhan O’Leary Despite the worldwide financial crisis, the German book market continues to remain relatively stable, says Buchreport. The Börsenverein des Deutschen Buchhandels (German Publishers & Booksellers Association) has calculated a 1.4% increase in sales for the first five months of 2009. Of course, the book industry should approach this news with cautious optimism: In 2008, the German book …

Spain’s Big Three to Form New Digital Distributor

In Feature Articles by Emily Williams

By Emily Williams MADRID & BARCELONA: Spain has not been on the leading edge of the digital revolution up to this point. Now, after years of observing how the market has developed in other countries, the biggest publishing groups in Spain have decided the moment has come to take a big step forward – and they will do it together. …

German Buch News: “The Readers” premiers, Ebooks for iPhones

In Feature Articles by Siobhan O'Leary

By Siobhan O’Leary Today Publishing Perspectives begins a new daily column that aggregates the best publishing and book news from Germany. Enjoy, and look for similar columns coming from other countries in coming weeks. Following the contentious firing of Elke Heidenreich – who wielded Oprah-like authority over book sales with her program, Lesen, – German TV network ZDF has launched a new series …