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Deal for Simon & Schuster Said to Be Near
The private investment firm KKR, HarperCollins, and Richard Hurowitz of the investment firm Octavian & Company are all said to still be in contention to acquire the country's third largest trade publisher.
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Equity Firm Eyeing Simon & Schuster to Sell RBmedia for $1 Billion
In what is likely a record price for an audiobook publisher, KKR, the private equity firm that owns RBmedia—and a rumored contender to buy S&S—is selling the company for an alleged $1 billion.
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Turner Publishing Buys Three Imprints from Mango Publishing
In a deal completed on June 30, Turner acquired the Conari Press, Bonhomie Press, and Woo! Jr. imprints—and with them a total of 589 titles—from Mango.
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World Editions Gets a New Owner: Its Former U.S. Director
Christine Swedowsky has acquired the publisher from Libella Publishing Group in a management buyout. The World Editions offices in Amsterdam and London will close, and the publisher will be based solely in New York.
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Black Lawrence Press Acquires Nomadic Press Adult Titles
The upstate New York literary press has taken over publication of more than 100 Nomadic books in a deal that closed earlier this month.
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HarperCollins, KKR Said to Be Eyeing Simon & Schuster
In a bit of déjà vu, HarperCollins and the private equity firm KKR, which both lost out to Penguin Random House when Simon & Schuster was initially put up for sale, are reported among the leading contenders to buy the publisher this time around.
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Vivendi’s Purchase of Lagardère Heads to Completion
The French media company has received approval to acquire Lagardère following Vivendi's agreement to sell its existing book publisher, Editis. Lagardère is the parent company of Hachette Livre, whose subsidiaries include Hachette Book Group.
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Authors Guild Issues Contract Clause Changes to Account for AI
As part of its campaign to protect its members from the rise of large language models and other artificial intelligence tools, the Authors Guild has released four new model contract clauses concerning the technology. Earlier, the Guild released a survey of members that found that 69% of those that responded think their careers are threatened by AI.
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WME Acquires Ross Yoon Agency
By acquiring the Washington, D.C.–based literary agency, WME signals a deepening focus on literary talent and specifically nonfiction, as well as a physical expansion into the D.C. area.
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New Leaf Literary & Media Faces Backlash After Dropping Authors
After New Leaf "amicably" parting ways with literary agent Jordan Hamessley on May 12, authors affected by the agent's departure took to Twitter to express concern over how the transition was handled as the agency defends their actions.
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Barnes & Noble Revamps Loyalty Program with Premium Membership
The bookseller announced new benefits and discount perks in an effort to "revitalize" its membership ranks and unveiled an alternative free B&N Rewards loyalty program.
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Ulysses Press Buys VeloPress
Ulysses Press has acquired VeloPress in a deal that will bring about 80 books in the health and fitness category to the indie press. Ulysses plans to continue to add books under the Velo imprint with a goal of 12 titles for 2024.
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Author Chuck Forester Donates $250K to Lambda Literary
Lambda executive director Samiya Bashir called Forester's gift "transformational," which will allow Lambda Literary to usher in a new phase of expansion.
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SPD Looks to Overhaul Operating Model via GoFundMe
Small Press Distribution executive director Kent Watson said that crowdfunding an overhaul of the nonprofit literary distributor's operating model is the best way to improve services for the roughly 400 presses it represents.
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Arcadia Publishing Acquires Applewood Books
Arcadia Publishing continues to build on its presence in the local nonfiction and regional history market with the purchase of Applewood Books, the Carlisle, Mass.–based publisher with a backlist of 2,500 titles.
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New Leaf Publishing Gets New Owners
New Leaf Publishing Group, a Green Forest, Ark .-based Christian publisher of homeschool curriculum as well as print, digital, audio books for the trade, has been acquired by a group of investors.
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PRH Among New Investors in Rebel Girls
Rebel Girls, the media company whose mission is to instill confidence in girls, raised $8 million in a new funding round, with Penguin Random House its lead investor.
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CJK Group, BR Printers Acquire Two Other Printers
The steady pace of acquisitions in the printing world continued this week with the announcements of CJK Group's purchase of McNaughton & Gunn and BR Printers' acquisition of JP Graphics.
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Small Press Distribution Launches GoFundMe to Support New Operating Model
One of the few remaining distributors specializing in distributing independent publishers has launched a GoFundMe campaign to help underwrite a plan to close a warehouse, partner with other distributors, and more.
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Regnery Publishing Buys ISI Books
As part of its effort to deepen its backlist, the Washington, D.C.–based conservative publisher has acquired the ISI Books imprint from the Intercollegiate Studies Institute, a conservative higher education nonprofit.
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