A list of successful bidders on F+W Media community properties goes to bankruptcy court for approval in a hearing. Highest bid: $2.9 million for crafts.
Penguin Random House Buys F+W Media’s Books at Auction
Penguin Random House is acquiring the book publishing assets of F+W Media, which include the Writer’s Digest catalog. Communities to be auctioned separately June 13.
Elliott Management Agrees to Buy Barnes & Noble, Daunt to Run Both B&N and UK’s Waterstones
Elliott will pay some US$476 million for Barnes & Noble, having last year bought the UK’s main chain Waterstones. James Daunt is to run both companies.
Sourcebooks and Penguin Random House in ‘Collaborative Partnership’
Stressing that Sourcebooks will retain its independence, Penguin Random House’s 45-percent stake in the American publisher may mean new international reach.
Penguin Random House Grupo Editorial Acquires Ediciones Salamandra
One of Spain’s most prominent independent houses, Ediciones Salamandra brings some 500 authors to Penguin Random House Grupo Editorial.
Highlights for Children Sells Boyds Mills to Kane Press, Owned by Beijing’s Thinkingdom
China’s Thinkingdom Media Group’s Kane Press has bought Boyds Mills Press with Kane’s Leying Jiang to head the company under the name Boyds Mills & Kane.
Cengage and McGraw-Hill Merge, Hansen Leads Company
Anticipating a combined pro forma cash revenue of US$3,157 million, the new entity will take McGraw-Hill’s name, the deal expected to close by early 2020.
Cambridge and California in Open Access Deal; Book Depot Acquires Kidsbooks
The University of Cambridge and the 10 campuses of the University of California enter a major new agreement in open access, as Ontario-based Book Depot acquires the American publisher Kidsbooks.
Leaver and Smith’s Welbeck Acquires Carlton; Books International Acquires Marston
In two moves announced within days of each other, new consolidation can be seen in both nonfiction and in distribution and manufacturing services in publishing. By Porter Anderson, Editor-in-Chief | @Porter_Anderson Leaver: ‘An Excellent Springboard’ ormer Quarto CEO Marcus Leaver and Mark Smith have joined forces in creating Welbeck Publishing, with Carlton Books becoming the first in an anticipated series …
Czech Book Sales Rise Amid Ongoing Industry Consolidation
Overall book sales in the Czech Republic are up as the number of new titles published declines slightly. Industry consolidation and a focus on high-performing books may be the cause.