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Sarah Smith Takes Ownership of David Black Literary Agency
Sarah Smith, who is beginning her 14th year with the Brooklyn-based literary agency, has acquired the firm from founder David Black, who will remain fully engaged with the agency but said the time was right “to create a path forward.”
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Everand Acquires Online Book Club Platform Fable
Everand, the online e-book and audiobook subscription service and subsidiary of Scribd, has acquired the social reading and book club app Fable, which has three million users and hosts more than 100,000 book clubs.
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Likewise Gets New Owners, Targets Book Discovery Market
Entertainment discovery platform Likewise has been acquired by Watchlist Inc., with Josh Epstein, formerly chief business officer at Likewise, named CEO. The company has several book promotion e-newsletters and is looking to expand its offerings.
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PRH Buys U.K.-Based Wonderbly
The Penguin Random House acquisition machine continues to roll on, with the world’s largest trade publishing announcing it has bought one of the U.K.’s fastest-growing independent publishers, Wonderbly, which has used a direct-to-consumer business model to sell more than 11 million books in 140 countries.
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Globe Pequot Makes Third Acquisition this Year
In its second acquisition in two weeks and third this year, the Globe Pequot Publishing Group has acquired Bower House, an independent book publisher based in Denver.
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Diamond Comic Distributors to Be Sold to Universal, Ad Populum
Diamond Comic Distributors has received court approval to go ahead with the sales of its assets to Universal Distributors and Ad Populum, which filed a joint bid for the bankrupt company. An attempt by rival bidder Alliance to delay the deal failed.
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S&S Inks Joint Venture with Urano World Publishing
The deal teams Simon & Schuster’s bilingual imprint, Primero Sueño Press, with one of the biggest independent publishers in Spain and Latin America across several initiatives.
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More Headaches for Diamond Comic Distributors
In three separate filings, a U.S. trustee moved to convert Diamond’s Chapter 11 bankruptcy case into a Chapter 7, which could liquidate its assets; Diamond once again requested a sale to Universal and Ad Populum, with a twist; and Alliance filed a new lawsuit charging that Diamond inflated the value of its business.
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Alliance Calls Off Diamond Comic Distributors Deal
In yet another twist in the Diamond Comic bankruptcy proceedings, Alliance Entertainment terminated its agreement to purchase the company’s assets the day before an April 25 court hearing. Diamond owners promised to announce a new deal “very shortly.”
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Globe Pequot to Buy Square One Publishers
In its second purchase this year, Jed Lyons’s Globe Pequot Publishing Group has agreed to acquire the nonfiction indie publisher Square One Publishers, which was founded by Rudy Shur in 1999.
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PanelFly Launches Online Marketplace for Comic Book Distribution
Austin-based startup PanelFly has launched what it describes as the first online wholesale marketplace connecting retailers directly with comics publishers.
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WH Smith Bookstores Sold, Renamed TGJones
The 250-year-old U.K.-based chain of 480 outlets has been sold for £76 million to private equity firm Modella Capital and will operate under a new name. The WH Smith brand name and travel divisions were not included in the sale.
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Diamond Comic Distributors Has a Buyer. Now What?
After two months of intense speculation, the comics business finally has an answer to its biggest question of late: the bankrupt Diamond Comic Distributors is slated for acquisition by Alliance Entertainment, a new player in the sector.
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Globe Pequot Agrees to Buy Waterford Press
Globe's purchase of the Florida-based guidebook publisher is its first acquisition since its sister company, Rowman & Littlefield, was sold to Bloomsbury last May. Globe CEO Jed Lyons (pictured) said the purchase marks first of many niche acquisitions that the company hopes to make now that it is focused solely on the trade market.
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Zando Acquires Tin House
The respected literary press, founded in 2002, will become an imprint of the expanding independent publisher Zando, which was launched by former Crown publisher Molly Stern in 2020.
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The Book Business Prepares for Tariff Turmoil
New Trump Administration tariffs on goods from Canada, Mexico, and China have been delayed yet again, only adding to uncertainty among publishers and printers about what the levies could mean for their businesses.
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Readerlink Will Stop Distributing Mass Market Paperbacks at the End of 2025
The move, by the country's largest distributor of mass market paperbacks, is a severe blow to the format, which has seen steadily declining sales but is still the cheapest option for buying print books.
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Match Makers: How the Fisher Company Serves the Publishing M&A Market
Looking to acquire or sell a business in the publishing space? The Fisher Company can help. (Sponsored)
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Six Publishers Form the Stable Book Group
Chris Gruener and Keith Riegert have launched Stable Book Group. The company brings together four extant independent publishers—She Writes Press, Trafalgar Square Books, Ulysses Press, and VeloPress—with the newly established Galpón Press and Mountain Gazette Books.
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