More consolidation has hit the Russian book market as Oleg Novikov, the owner of AST and Eksmo, has agreed to purchase Drofa, a leading education publisher.
A publishing dinner party in Berlin went glum as six independent publishers learned they would suddenly have a new distributor, a result of Hachette’s acquisition of Perseus.
The Penguin Random House deal to absorb Santillana’s trade lines has serious implications for the Spanish-book market, but the outlier in the deal is Brazil.
Poland’s second-largest bookstore chain, Matras, is set to be sold. Potential buyers include book distributor FK Olejesiuk and a consortium of publishers, led by Prószyński.
Seeking sale synergies, Bookline.hu, Hungary’s top online bookseller has merged with Libri, the country’s largest bookstore chain.
Eksmo, Russia’s leading publishing company, has officially taken over its main rival AST, bringing the country even closer to consolidation.
John Styring, CEO of IglooBooks, talks about the process of acquiring another press, having just completed a successful acquisition of France’s Elcy Editions.
More traditional publishers will likely merge over the next decade, further consolidating power. but as self-publishers continue to organize, they offer a viable alternative.
BBC is selling Lonely Planet, to NC2 Media, a Nashville-based digital media company, for $77.8 million — $120 million less than what BBC bought it for in 2007.
Left with no other bidders, Italy’s RCS Mediagroup must decide whether Gallimard’s offer of 200 million euros for Flammarion is enough to justify letting it go.