Top US/UK Trade Talk: HMH Parent Dodges Bankruptcy; Rent a Textbook

In Global Trade Talk, News by Edward Nawotka

By Edward Nawotka The Financial Times reports that Houghton Mifflin Harcourt’s parent company Education Media & Publishing Group (which is registered in the Cayman Islands) has refinanced its debt, once again avoiding bankruptcy, possibly for the next year or so. “The agreement will cut EMPG’s long-term debt, now standing at about $7.6bn, by more than $1bn and reduce annual interest …

German Buch News: Berlin’s Students Launch Virtual Bookstore

In German Buch News, News by Siobhan O'Leary

By Siobhan O’Leary A new virtual academic bookstore/library has been founded by Berlin students for students. The platform, called PaperC.de, provides free access to academic texts and can be searched by key word, author, title or ISBN. BuchMarkt reports that users can pay extra for certain services, like copying and pasting, printing pages, or marking certain passages. What’s more, it’s all completely …

Top US/UK Trade Talk: Bookstore Sales Up for First Time in 09

In Global Trade Talk, News by Edward Nawotka

By Edward Nawotka “For the first time this year, bookstore sales rose in June, increasing 3.4% compared to June 2008, to $1.10 billion,” but “for the first six months of 2009 were down 2.7% compared to the first half of 2008, with sales falling to $7.41 billion,” reports Publishers Weekly. Sony has announced it will convert its e-bookstore to the ePub format …

German Buch News: Monetizing Online Content; Twitter Poetry

In German Buch News, News by Siobhan O'Leary

By Siobhan O’Leary Newspaper publishers could learn a thing or two from reference book publishers about getting people to pay for online content, or so says Sandra Schüssel, editor of the Börsenblatt in a recent editorial. Newspaper circulation is decreasing at a rate of 300,000 copies per year in Germany. The solution, according to Schüssel, lies in creating and monetizing …

What’s the Buzz: Hold that Tweet or You Might Get Fired

In News, What's the Buzz by Hannah Johnson

By Hannah Johnson The best of the blogosphere and social media… Does your company have a social media policy? Maybe you should check. While we often rely on social media to build our professional network and discuss issues with customers and colleagues, websites like Twitter and Facebook also offer a tempting forum for airing public complaints and outrage. Mashable.com reports …

German Buch News: Book Sales Up 4% in July, Translations Up Too

In German Buch News, News by Siobhan O'Leary

By Siobhan O’Leary July was another good month for the German book trade, with sales climbing 4% for book retailers, department stores, and online retailers, according to the August Branchen-Monitor BUCH newsletter, issued monthly by the Börsenverein des Deutschen Buchhandels (German Publishers and Booksellers Association). This brought overall sales for the first seven months of 2009 up 2.5% over the …

Top US/UK Trade Talk: More Google Confusion, Gaming Amazon, B&N Gets Bigger

In Global Trade Talk, News by Edward Nawotka

By Edward Nawotka Last week William Morris Endeavor (WME) said it was advising its clients to opt out of the Google Settlement because they objected to the seemingly indefinite royalty terms their clients would be bound to accept. This week, the Author’s Guild – one of the organizations leading the initial fight against Google – says that WME is wrong, …

German Buch News: Thalia Bookstore Sales Up 7.5%

In German Buch News, News by Siobhan O'Leary

By Siobhan O’Leary Booksellers in the US and UK may be struggling, but the latest news from Thalia —  Germany’s largest book chain — is actually encouraging. Parent company Douglas AG announced a 7.5% increase in sales for the period from October 2008 to June 2009, for a total of 618.6 million euros, reports buchreport.de. However, a large part of …

German Buch News: DFW’s Infinite Jest hits Germany, Blog Launched

In German Buch News, News by Edward Nawotka

By Siobhan O’Leary On August 24, the late author David Foster Wallace’s magnum opus Infinite Jest will finally be published in German. The translation itself took Ulrich Blumenbach six years to complete and the book will be printed by Kipeneheuer & Witsch as Unendlicher Spaß. Inspired by www.infinitesummer.org, as US based book club site which has been hosting a discussion …