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Is the Sale of Simon & Schuster Heating Up?
Paramount executives have made no secret of their intention to sell Simon & Schuster following the failed sale to Penguin Random House. A new story published by Reuters confirms that Paramount is working with a financial adviser and looking to sell the publisher for between $2.0 billion and $2.5 billion.
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CJK Group Buys Allen Press
The CJK Group continues to add more printing and publishing services companies to its portfolio with its acquisition of the assets of Allen Press.
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UTA Buys Fletcher & Company
The Hollywood talent agency is further expanding its presence in book publishing with the acquisition of the independent literary agency Fletcher & Co. After buying U.K.-based agency Curtis Brown in June 2022, the acquisition will see UTA add 12 full-time staffers to its publishing division.
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Private Equity, Strategic Purchases Drove Acquisitions in 2022
While big deals dominated publishing acquisition activity in 2021—led by Clarivate buying ProQuest for $5.3 billion—acquisitions in 2022 were more a mix of private equity and niche purchases.
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Paramount CEO Says Simon & Schuster Will Be Divested
At a UBS media conference earlier this week, Bob Bakish, CEO of Simon & Schuster parent company Paramount Global, said that with the sale to Penguin Random House now dead, the company still plans to divest the publisher, though he didn’t say how or when.
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Hachette UK Buys Welbeck Publishing Group
U.K.-based Welbeck Publishing has been acquired by Hachette UK for an undisclosed price. Sales at the publisher are expected to top £25 million in 2022.
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Charlesbridge Publishing Acquires Move Books
With is acquisition of Move Books, Charlesbridge plans to launch a new middle grade imprint called Charlesbridge Moves, helmed by Move Books founder Eileen Robinson.
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Paramount Terminates PRH Bid for S&S
Penguin Random House’s attempt to acquire Simon & Schuster has officially ended. The news came in a filing by S&S parent company Paramount Global with the SEC, which said that, in accordance with the purchase agreement terms, it had terminated the deal.
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Kensington Buys Erewhon Books
Kensington Publishing has acquired Erewhon Books, an independent publisher dedicated to literary speculative fiction, science fiction, and fantasy, for an undisclosed price.
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Local Entrepreneurs Buy Rainy Day Books
Three Kansas City businessmen who also own Made in KC have acquired the 47-year-old indie bookstore. Made in KC operates 16 outlets that sell the handiwork of local artists, and while Rainy Day will operate separately from the core business, the aim is to use those other locations to drive business to the bookstore.
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Turner Buys West Margin Press
In a deal that involves more than 500 titles, Turner Publishing has acquired West Margin Press from the Ingram Content Group.
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RBmedia Buys German Audio Publisher
Landover, Md.-based audiobook publisher RBmedia has continued its push in the international market with the acquisition of John Verlag’s German-language audiobook catalog.
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HarperCollins Buys Cider Mill Press
HarperCollins has acquired Maine independent publisher Cider Mill Press. Cider Mill will become part of the HarperCollins Focus group.
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Rowman & Littlefield Buys Tilbury House's Adult Titles
Rowman & Littlefield has acquired the adult division of Maine's Tilbury House Publishers in a deal that adds 70 regional titles to R&L's list.
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Gibbs Smith Becomes 100% Employee-Owned
With the employee acquisition of the 50% stake in the publisher it did not already own, Gibbs Smith is now a 100% ESOP.
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Scholastic Buys Learning Ovations
Scholastic has acquired Learning Ovations, the creator of A2i (Assessment to Instruction)—a literacy screening, progress monitoring and assessment, and instructional planning system for classrooms and community organizations.
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Hybrid Publisher Amplify Publishing Groups Gets Investment
Mudita Venture Partners has made an unspecified investment in the hybrid publisher Amplify Publishing Group. Launched in 2003, Amplify publishes about 300 titles annually.
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DK Acquires Phonic Books
As part of its expansion into the education market with the launch of DK Learning in April, DK has acquired Phonics Books, a publisher of more than 300 decodable books for beginner and catch-up readers.
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Rowman & Littlefield in Co-Publishing Deal with Brookings
Effective immediately, Rowman & Littlefield will produce, distribute, sell, and market books from Brookings Institute Press, while Brookings will continue to oversee acquisitions and editorial review of BIP's titles.
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Podium Audio Buys Bookstat
The digital publisher Podium Audio has acquired Bookstat, the data subscription service that tracks online book purchases in physical, e-book, and audiobook formats.
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