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News Archives
Displaying news issues from 03/06/2008 to 05/08/2008.News Issue for 05/08/2008Title: Marvel Publishing-Sales Drop 4%-In First Quarter(Main News) Summary: Marvel Publishing, one of the world's largest comic book publishers and a division of Marvel Publishing, reported a net sales declined by $1.0 million or 4% to $26.5 million in the first quarter of 2008. The company attriobuted the decline principally to the timing of major publishing initiatives. ABA Revamps Indy-Book Sense Program-To Rise to New(Main News) Summary: NEW YORK, NY/5/6/2008--The American Booksellers Association (ABA) will formally unveil its new, as-yet-unnamed imitative in independent bookselling at its Celebration of Bookselling event during BookExpo America, May 29-June 1 in Los Angeles.
NY Times Says-Random House CEO-May Leave Bertelsmann(Main News) Summary: NEW YORK, NY/5/5/2008--The New York Times today ran an unconfirmed report that Random House CEO Peter Olson will leave RH and its parent company, Bertelsmann, within several months. Neither Bertelsmann nor Random House would comment on the Times story. However, Bertelsmann's new chief executive Hartmut Ostrowski and others reportedly have been concerned about lagging performance at Random House, where revenue declined 5.6% and earnings fell 4.9% in 2007. PEN Petitions-China To Free-Jailed Writers(Main News) Summary: New York, May 2, 2008--Salman Rushdie, Francine Prose, Edward Albee, Rick Moody and Ma Jian were among writers attending a press conference last Thursday, at which the PEN American Center announced it would deliver a petition to the Chinese mission to the United Nations demanding the release of 39 writers and journalists imprisoned in China. PEN believes the writers have been jailed for exercising their right to speak and write freely, which is guaranteed under Chinese and international law.
Ingram Joins-ABA to Educate-Indy Booksellers(Main News) Summary: NEW YORK, NY/4/2/2008--The American Booksellers Association announced yesterday that it has formed a new strategic partnership with Ingram Book Company and Ingram Publisher Services to underwrite bookseller education for the next three years. The new partnership will begin with ABA's Day of Education scheduled May 29 in conjunction with BookExpo America Hollywood, California.
Amazon to Pay-New York Taxes-Despite Lawsuit(Main News) Summary: SEATTLE, WA./5/2/2008--Amazon.com has filed suit against New York State, challenging the constitutionality of a new law which allows the state to collect taxes on sales made to New Yorkers. Despite the lawsuit, the company announcedMay 2 that it would begin collecting and paying the tax on June 2. Self-Published-Christian Author-Becomes Bestseller(General News) The Book Sense National Bestseller List(Bestsellers) Summary: Published Thursday, May 8, 2008 (for the sales week ended Sunday, May 4, 2008). Based on reporting from many hundreds of independent bookstores with Book Sense across the United States News Issue for 05/01/2008Simon & Schuster Sales Decline12% In First Quarter(Main News) Summary: NEW YORK, NY/4/29/08--Simon & Schuster's publishing revenues fell for the first quarter of 2008 by 12% to $201.6 million from $229.3 million for the same prior-year period, as best-selling titles in the first quarter of 2008, including Duma Key by Stephen King, Where Are You Now? by Mary Higgins Clark and Change of Heart by Jodi Picoult, did not match contributions from prior year titles, which included The Secret by Rhonda Byrne. Liz Perl to Join S&S As Senior VP(Main News) Summary: NEW YORK, NY/4/28/08--Liz Perl, Vice President and Publisher of Trade Books at Rodale since 2005, will join Simon & Schuster May 19 as senior vice president of marketing for adult publishing. She will report to Michael Selleck, who was recently promoted to executive v-p of sales and marketing at S&S. Publishers Applaud Priority Watch List For Pirated Works(Main News) Summary: WASHININGTON, DC/4/28/08--The Association of American Publishers (AAP) welcomed Friday’s release of the annual Special 301 report by the Office of the United States Trade Representative (USTR). The report, the result of a Congressional mandate to assess the adequacy and effectiveness of intellectual property protection in selected countries and territories worldwide, highlights book and journal piracy and the need for improved market access for American companies among important issues of engagement in 2008. BISG Certifies Hachette, S&S And Waterford(Main News) Summary: NEW YORK, NY/4/28/08--The Hachette Book Group USA, Simon & Schuster and Waterford Press are the first publishers to have their product data certified by BISG under the Product Data Certification Program (PDCP), launched in February. All three companies sent data files to the BISG office to have them measured for compliance against current best practice guidelines and analyzed by a panel made up of representatives from Baker & Taylor, Barnes & Noble, Bowker, Ingram and the Library of Congress. Del Rey to Offer-Free Downloads-of STAR WARS™(Main News) Summary: NEW YORK, NY/4/29/08--As a special gift to STAR WARS fans, Del Rey will be offering Book One in the series, STAR WARS: LEGACY OF THE FORCE: BETRAYAL, as a free downloadable PDF, audio book, and eBook. The promotional offer will run for two weeks, from 9:00 a.m. Tuesday, April 29, until midnight on Tuesday, May 13. The free download, which can be shared, e-mailed or printed, will be available on www.legacyoftheforce.com. Publishers Join Legal Battle Against Oregon Censorship Law(Main News) Summary: WASHINGTON, DC/4/28/08-The Association of American Publishers (AAP) has joined with six Oregon booksellers, the ACLU of Oregon, and a host of others in challenging a new Oregon law that criminalizes the dissemination of sexually explicit material to anyone under the age of 13 or the dissemination to anyone under the age of 18 of any material with the intent to sexually arouse the recipient or the provider. The new statute, which makes no provision for judging the material as a whole, nor for considering its serious literary, artistic, or scientific value, went into effect on January 1. McGraw-Hill Revenues Decline In First Quarter(Main News) Summary: NEW YORK, NY/4/29/08--The McGraw-Hill Companies (NYSE: MHP) today reported a significant drop in earnings per share of $0.25 in the first quarter of 2008 compared to $0.40 for the same period last year. Penguin, DK to Publish Star Wars® The Clone Wars(General News) Summary: NEW YORK & LONDON/4/29/08-- The Penguin Group will publish a series of books based on the upcoming feature film and television series Star Wars: The Clone Wars, which is in production at Lucasfilm Animation. The books will debut this summer, in advance of the August 15th theatrical release of Star Wars: The Clone Wars. The Book Sense National Bestseller List(Bestsellers) Summary: Published Thursday, May 1, 2008 (for the sales week ended Sunday, April 27, 2008). Based on reporting from many hundreds of independent bookstores with Book Sense across the United States. News Issue for 04/24/2008Bookstore Sales Rise for 8th Straight Month(Main News) Summary: NEW YORK, NY/4/22/08--Preliminary figures recently released by the Bureau of the Census reflect an increase in bookstore sales in February 2008 of 11.4 percent, compared to February 2007. This was the eighth consecutive month that retail sales at bookstores exceeded the previous year's results, the American Booksellers Association reported last week. Borders Shareholders To Vote on Pershing Square "Backstop Offer"(Main News) Summary: ANN ARBOR, MI/04/27/08Borders Group, Inc.(NYSE: BGP), in its upcoming annual shareholders meeting May 22, is expected to receive formal board approval for a purchase option offered in April by Pershing Share Capital Management, P.P. The offer is a backstop measure that will give Borders the right, but not the obligation, until January 15, 2009, to require Pershing Square's purchase of the Company’s Paperchase, Australia, New Zealand and Singapore subsidiaries, as well as its approximately 17% interest in Bookshop Acquisitions, Inc. (Borders U.K.), according to a report filed with the SEC earlier this month. Random House Green Initiatives Show Progress(Main News) Summary: NEW YORK, NY/4/21/08--Random House, Inc. this week said it has made substantial progress in reducing the company's environmental impact, according to its first-year environmental study. Collaborating with Corporate Service, Publishing Operations and other divisions, the company said its environmental committee is identifying and implementing "meaningful companywide green initiatives and partnering with organizations that can help achieve the goal of reducing its carbon footprint." The focus for the past twelve months has been on paper and energy consumption at its various facilities, as well as on efforts to recycle. Bertelsmann Initiative Seeks to Recruit Top Young Talent(Main News) Summary: Gütersloh/4/17/08--Bertelsmann AG, which owns Random House in the US, has announced a new initiative to recruit top talent under the heading “Create Your Own Career.” The name of the program represents the entrepreneurial possibilities and fast track to responsibility that new hires will find at Bertelsmann. Under the heading “Take the Lead,” Bertelsmann AG Chairman & CEO Hartmut Ostrowski has declared talent management a focus in his strategy for Bertelsmann, alongside “Go for Growth” and “Create Value.” Publishers Sue Georgia University for Copyright Violation(Main News) Summary: ATLANTA, GA/4/27/08--A group of publishers filed suit in federal court early last week to stop widespread copyright infringement at Georgia State University (GSU). The complaint, filed by Oxford University Press, Cambridge University Press and SAGE Publications and supported by the Association of American Publishers (AAP), charges that GSU officials are violating the law by systematically enabling professors to provide students with digital copies of copyrighted course readings published by the plaintiffs and numerous other publishers without those publishers’ authorization. The lawsuit seeks injunctive relief to bring an end to such practices, but does not seek monetary damages. Pocket to Publish Sports Super Agent David Falk's Book(Main News) Summary: NEW YORK, NY/4/21/08--Louise Burke, Pocket Books’ Executive Vice President and Publisher, has announced that Pocket will publish THE BALD TRUTH by top sports agent David Falk. Deputy Publisher Anthony Ziccardi acquired world rights to this comprehensive inside look at business at its highest level and the lessons to be learned from its champions, both on and off the court. The Book Sense National Bestseller List(Bestsellers) Summary: Published Thursday, April 24, 2008 (for the sales week ended Sunday, April 20, 2008). Based on reporting from many hundreds of independent bookstores with Book Sense across the United States. Reed Elsevier-Year-end Report-Shows Strong Results(Main News) Summary: LONDON/4/23/2008--Jan Hommen, Chairman of Reed Elsevier PLC and Reed Elsevier NV, told shareholders at the Reed Elsevier PLC annual meeting in London today, said the company saw rapid growth in our online information services and customer workflow solutions for the year 2007.Read more. News Issue for 04/17/2008Borders' Annual Sales Flat; Pershing Lends $42.5 Million(Main News) Summary: WASHINGTON, DC/4/14/07--Borders Group, Inc. filed its 10-K annual report with the SEC April 14, reflecting activity for the fiscal year ended February 2, 2008. Consolidated sales for the fiscal year ending February 2, 2008 totaled $3,774.8 million, relatively flat compared to the $3,683 million in sales in fiscal 2007. The company attributed stale performance to the opening of new superstores, partly offset by negative comparable store sales. ABFFE, Media Coalition To File Case Against Indiana Registration Law(Main News) Summary: NEW YORK, NY/4/15/08--The American Booksellers Foundation for Free Expression (ABFFE) has joined the Media Coalition, to prepare a court case against an Indiana law requiring booksellers to register with the state if they intend to sell "sexually explicit materials." Balzer and Bray Move to Harper to Start Kids Imprint(Main News) Summary: NEW YORK, NY/4/15/08--HarperCollins has enticed three key executives away from Disney's Hyperion within less than two weeks. Following longtime Hyperion founder-president Robert S. Miller's move to HarperCollins, this week Dona Bray, editorial director, and Alessandra Balzer, executive editor at Hyperion Books for Children, announced they will also move to Harpercollins to begin their own imprint, Balzer & Bray. Donald Rumsfeld to Publish Memoirs with Penguin's Sentinel(Main News) Summary: NEW YORK, NY/4/14/08--Former Secretary of Defense Donald Rumsfeld has agreed to write his memoirs for the Sentinel imprint of Penguin Group (USA) Inc., it was announced today by Adrian Zackheim, publisher of the Sentinel and Portfolio imprints. The arrangement for world rights was negotiated by Robert Barnett of the law firm Williams & Connolly. Patricia Cornwell Novels to Be Adapted for Lifetime TV(Main News) Summary: LOS ANGELES, CA/4/14/08--In a ground-breaking agreement, Lifetime Television will become the first network ever to adapt acclaimed international author Patricia Cornwell’s novels for television. Her #1 New York Times bestseller, At Risk, and its sequel, The Front, to be published by G. P. Putnam’s Sons in May, have been optioned by the Network. Booksellers Elated Over Internet Tax Law Passage in New York(Main News) Summary: NEW YORK, NY/4/12/08--The American Booksellers Association last week praised the New York State Legislature for passing an Internet Sales Tax provision, that requires out-of-state retailers such as Amazon.com to collect and remit taxes on sales to state residents. Governor David Paterson is expected to sign the budget containing the provision by April 20. Regnery Announces Plans to Publish Chuck Norris(Book Deals) Summary: WASHINGTON, DC/4/15/08Regnery Publishing today announced it has signed a contract with actor, martial arts expert, and bestselling author Chuck Norris. His new book, tentatively titled Black Belt Patriotism, will be released in summer 2008. Black Belt Patriotism is a look at what’s great about Americaand what we need to do to save the American Dream. The Book Sense National Bestseller List(Bestsellers) Summary: Published Thursday, April 17, 2008 (for the sales week ended Sunday, April 13, 2008). Based on reporting from many hundreds of independent bookstores with Book Sense across the United States. News Issue for 04/10/2008Borders' Revised Financing May Boost Acquisition Appeal(Main News) Summary: ANN ARBOR, MI/4/10/08Borders Group, Inc. (NYSE: BGP) early this week finalized a revised financing agreement with Pershing Square Capital Management, L.P., reducing its loan interest rate from 12% to 9%. Amazon Policy Concerns Many In Publishing Industry(Main News) Summary: NEW YORK, NY/4/10/08--Amazon.com's new policy--which apparently requires anyone who sells print-on-demand books on the Amazon site to also print those books with its subsidiary, BookSurge--has raised a storm of controversy, especially among organizations which represent authors. Amazon, Penguin Reveal Breakthrough Novel Award Winner(Main News) Summary: NEW YORK, NY/4/7/08--Amazon.com, Inc., Penguin Group (USA) and HP named Bill Loehfelm the winner of the Amazon Breakthrough Novel Award, the contest in search of the next popular novel. The winner, who will receive a $25,000 publishing contract, was revealed in a ceremony in New York City this morning attended by Elizabeth Gilbert, the New York Times-bestselling author of Eat, Pray, Love. Gilbert was among the panel of publishing experts who read and commented on the work of the Top 10 Finalists. Borders to Honor riginal Voices Wnners at Ceremony(Main News) Summary: ANN ARBOR, MI/4/8/08--Borders Group Chief Executive Officer George Jones will lead the retailer's 12th annual Original Voices Awards ceremony at 5:30 p.m. April 15 at Borders concept store on Lohr Road in Ann Arbor. There the winners will attend a collective book signing. Stinehour Press Closing Virginia Printing Facility(Main News) Summary: LUNDENBURG, VT/4/9/08--The Steinhour Press, well-known full-service printer of illustrated books, is shutting down this month after fifty years in the business. The company was acquired in 2002 by CEO Warren Bingham and several investors, to save it from being shut down only four years after a multinational company acquired the family-owned business. The Book Sense National Bestseller List(Bestsellers) Summary: Published Thursday, April 10, 2008 (for the sales week ended Sunday, April 6, 2008). Based on reporting from many hundreds of independent bookstores with Book Sense across the United States. News Issue for 04/03/2008Some Say Amazon Bully Tactics Against Publishers May Violate Anti-Trust(Main News) Summary: NEW YORK, NY/4/3/08--BookSurge, the print-on-demand subsidiary of Amazon.com, has caused controversy among a number of publishers after the company's strong-arm tactics were publicized by the Wall Street Journal, O'Reilly Tools for Change program chair Andrew Savikas, and others. Amazon/BookSurge Controversy Draws Official Statements(Main News) Summary: SEATTLE, WA/LAVERGNE, TN/3/31/08--The heated controversy over whether Amazon will sell a POD book only if it has been printed by its subsidiary, BookSurge, has drawn official statements from both Amazon and LightningSource, Amazon's chief rival in POD printing services. Below are statements from both sides. Books-A-Million Quarterly Sales Up Annual Figures Down(Main News) Summary: BIRMINGHAM, AL/03/26/08 -- Books-A-Million, Inc. reported a 3% increase in net sales for the fourth quarter of 2008, while comparable store sales fell 1.6% compared with fourth quarter sales for 2007. Roaring Brook Press to Launch Macaulay Imprint(Main News) Summary: NEW YORK, NY/4/3/08--Roaring Brook Press, owned by Macmillan, will launch a new children's imprint, David Macaulay Studio, in 2011. Named for the award-winning author of The Way Things Work, Pyramid, Mosque and Unbuilding, the imprint will include two new books by Macaulay, Home Sweet Home, about the Earth's ecological systems, and a book involving American history. Another book by Macaulay is due to be released this fall by his former long-time publisher Houghton Mifflin. Macaulay's editor Walter Lorraine recently retired from HM. ABFFE Condemns Indiana Bookstore Registration Law(Main News) Summary: NEW YORK, NY/4/3/08--The American Booksellers Foundation for Free Expression (ABFFE) last week condemned a new Indiana law that requires mainstream bookstores to register with the government if they sell “sexually explicit materials.” “Sexually explicit” is defined so broadly that the law could apply to bookstores that sell mainstream novels and other artistic works with sexual content as well as educational books about sexuality and sexual health. H.B. 1042 was signed into law last week by Governor Mitch Daniels. Random House Buys Sony Readers for Staff(Main News) Summary: NEW YORK, NY/4/1/08--Several hundred Random House employees will soon be equipped with their own Sony Readers. In an effort to cut paper waste and speed up the manuscript processing, Random House is giving the e-book readers to editorial, marketing and sales staffs. The Book Sense National Bestseller List(Bestsellers) Summary: Published Thursday, April 3, 2008 (for the sales week ended Sunday, March 30, 2008). Based on reporting from many hundreds of independent bookstores with Book Sense across the United States. News Issue for 03/27/2008CBC Announces-Finalists for First-Choice Awards(Main News) Summary: Authorlink News: NEW YORK, NY/3/25/12008--The Children's Book Council (CBC) in association with the CBC Foundation, launches the Children's Choice Book Awards program with the announcement of 25 finalists in five categories. The Children's Choice Book Awards program was created to provide young readers with an opportunity to voice their opinions about the books being written for them and to help develop a reading list that will motivate children to read. Children will be able to cast their vote for their favorite books, author, and illustrator at bookstores, school libraries, and at www.BookWeekOnline.com until May 4.
Penguin Releases-Chinese Bestseller-Wolf Totem(Main News) Summary: Authorlink News: NEW YORK, NY/3/27/2008--Penguin Press, an imprint of Penguin Group USA, today will release the acclaimed Chinese novel, Wolf Totem by Jiang Rong in the USA. The publicity-shy first-time author, who writes under a pen name, won the first Man Asian Literary Prize last year. His thought-provoking novel is set in the grasslands of Inner Mongolia during the Cultural Revolution. The work has sold more than two million copies in China and is expected to sell equally well in the U.S. According to the International Herald Tribune, Penguin paid $100,000 for World Rights.
Penguin Launches-Downloadable Short-Stories by Top Authors(Main News) Summary: Authorlink News: NEW YORK, NY/3/27/2008--Starting 18 March, Penguin launched its most ambitious digital writing project to date. In collaboration with fêted alternate reality game designers SixtoStart (http://www.sixtostart.com/) Penguin has challenged some of its top authors to create new forms of story - designed specially for the internet.
Barnes & Noble-Launches the How-To-Website, Quamut.com(Main News) Summary: Authorlink News: New York, NY/3/25/2008--Barnes & Noble, Inc. (NYSE: BKS), the world’s largest bookseller, announced yesterday that it has launched Quamut.com, a new how-to website. In an age where people can go online and look up how to do just about anything, authored by just about anyone, consumers are often faced with inaccurate, poorly presented information surrounded by ads virtually indistinguishable from content and from sources they are not sure they can trust. But now, Quamut.com (www.quamut.com) introduces how-to guides that offer credible information in a concise, user-friendly format.
B&N, Borders-Showing Signs-of Slowing Economy(Main News) Summary: Authorlink News: NEW YORK, NY/3/27/2008--America's two largest retail bookstore chains both made the news last week as Borders Group, Inc. announced the retailer is now for sale, and analyists predicted its chief rival, Barnes & Noble, would be the likely buyer. All this, despite the fact that Barnes & Noble reported lower quarterly profits, and foresees same-store sales in the current first quarter in slight decline.
Book Sales-Rise in 2008-AAP Reports(Main News) Summary: Authorlink News: New York, NY/3/25/2008--Book sales tracked by the Association of American Publishers (AAP) for the month of January saw an increase of 7.2 percent for the month, the AP reported yesterday. The Adult Hardcover category was up by 4.2 percent in January with sales of $94.4 million. Adult Paperback sales rose 37.6 percent for the month ($135.2 million). The Adult Mass Market category rose by 17.3 percent for January with sales totaling $65.3 million. Pen World Voices-Festival Features-New Events, Authors(General News) Summary: Authorink News: NEW YORK CITY (March 20, 2008)—The event schedule and author line-up for the fourth annual PEN World Voices Festival of International Literature were announced today on Cunard’s Queen Mary II docked in Red Hook, Brooklyn, by PEN American Center President Francine Prose and Festival Director Caro Llewellyn. A translation slam, cabaret night, old-fashioned storytelling with The Moth, and new media presentations are all on offer as part of the 2008 Festival, which will take place in New York City April 29 through May 4. Umberto Eco, Ian McEwan, Joyce Carol Oates, Roberto Saviano, Mario Vargas Llosa, Jeffrey Eugenides, Michael Ondaatje, Salman Rushdie, philosopher Bernard-Henri Levy, dancer Bill T. Jones, and actress Mia Farrow are among the participants.
Book Sense National Bestsellers(Bestsellers) Summary: Published Thursday, March 20, 2008 (for the sales week ended Sunday, March 23, 2008). Based on reporting from many hundreds of independent bookstores with Book Sense across the United States. News Issue for 03/20/2008Random House Sees Lower 2007 Revenues Impacted By Weak Dollar(Main News) Summary: BERLIN/3/18/08—Random House, the leading global trade book publisher, recorded lower revenues and operating profit in 2007 than in the previous year, it was reported March 18 by parent company Bertlesmann. The return on sales improved to 9.4 percent (previous year: 9.3 percent). The weak U.S. dollar and a slowdown in consumer spending in North America adversely affected revenues, which amounted to €1.8 billion, down 5.6 percent on the previous year (€1.9 billion). Bookstore Sales Show Solid Gains In January(Main News) Summary: WASHINGTON, DC/3/14/08--Bookstore sales for January 2008 showed a solid 4.7% increase to $2.28 billion, according to the U.S. Census Bureau, close to overall retail sales of 4.8%. Other sales reports from bookstore chains showed slow growth. Small Christian Press Battles RWA Policies(Main News) Summary: Tsaba House, a California-based Christian book publisher may take legal action against the Romance Writers of America for refusing to admit one of its authors as a nominee for a Rita Award. RWA declined entry of Holly Noble Bull's inspirational novel Sanctuary for its inspirational romance award because it considers Tsaba House a subsidiary or vanity press. Regnery Wins Arbitration Suit Against Miniter(Main News) Summary: WASHINGTON, DC/3/18/08--Regnery Publishing won an arbitration hearing March 14 , allowing it to recover a $150,000 advance paid to author Richard Miniter for a two book deal. His first book, Disinformation, was published by Regnery in 2005, but Miniter never delivered the second book, instead offering a similar work to Simon & Schuster. Penguin Launches E-Book Classics With Added Features(Main News) Summary: NEW YORK, NY/3/17/08--Penguin Group (USA) will launch a line of classics in e-book format this May, beginning with Jane Austen's Pride and Prejudice. The new line will have many added features, including reviews from the book's original publication, film clips, a chronology of Austen's life and times, along with recipes, social etiquette and other information about the period. Year-End Report Shows Hachette Performed Well(Main News) Summary: PARIS/3/13/08-- Lagardere SCA, the French publishing and media giant, reported yesterday that Hachette publishing units in the U.S. and Canada contributed 18% (about $500 million) to total publishing group sales of €2.13 billion ($2.77 billion) for 2007. The financial report from Lagardere includes full-year results from Time Warner Trade Group, which had 2006 revenues of about $408 million (16%). The Book Sense National Bestseller List(Bestsellers) Summary: Published Thursday, March 20, 2008 (for the sales week ended Sunday, March 16, 2008). Based on reporting from many hundreds of independent bookstores with Book Sense across the United States. News Issue for 03/13/2008Book Critics Announce 2007 Winners(Main News) Summary: NEW YORK, NY/3/10/08--The National Book Critics Circle Awards , last week announced winners of its 2007 Book Awards in New York City. Awards are in categories: of fiction, general nonfiction, biography/autobiography, poetry, and criticism. In addition, the group gave two special writing honors as well, one lifetime achievement award and a citation for excellent in book reviews. The winners are: NY Booksellers Urged to Back E-Fairness Effort(Main News) Summary: NEW YORK, NY/3/10/08--The American Booksellers Association last week called on member bookstores in New York State to voice their support for the Internet Sales Tax provision in Gov. Eliot Spitzer's proposed budget by writing to both their state senator and assemblyperson. If the budget is approved with the provision, out-of-state online retailers selling products in New York State will be required to collect state sales tax. The budget, which is due by April 1, will be debated by legislators throughout March. Audible Shareholders Okay Sale to Amazon Despite Red Oak Protest(Main News) Summary: NEW YORK, NY/3/11/08--Stockholders of Audible.com approved Amazon.com's offer to acquire the company at $11.50 per share, despite a protest by Red Oak Partners, LLC the previous week. The tender was approved by 87% of Audible's stockholders. Other share holders have until March 14 to tender their shares. Publishers Committed To Curbin Environmental Impact, Study Shows(Main News) Summary: NEW YORK, NY/3/10/08-A new report, from the Green Press Initiative and Book Industry Study Group, reveals that the U.S. book industry emits more than 12.4 million tons of carbon dioxide into the atmosphere each year, or approximately 8.85 pounds of carbon for the average book (.89 lb), with most of the impact connected to forest carbon loss. The report-Environmental Trends and Climate Impacts: Findings from the US Book Industry-also reveals an industry in the midst of a positive environmental transformation. Ingram Digital Structures For Further Growth(Main News) Summary: LaVERGNE, TN/3/10/08--Ingram Digital, an Ingram Content company, has announced that it is enhancing the structure of its organization in order to meet the increasing demands of its growing roster of customers. Barnes & Noble Chairman Buys More Stock as Earnings Dip(Main News) Summary: NEW YORK, NY/3/10/08The chairman of Barnes & Noble Inc., which operates the world's largest chain of retail book stores, bought 890,000 shares of stock, according to a Securities and Exchange Commission filing Friday, just days after the company's stock was downgraded. Whitcoulls Cancels-Plans to Buy-Borders Books(Main News) Summary: ANN ARBOR, MICH/3/12/2008--A&R Whitcoulls has ended plans to buy bookseller Borders Group, Inc. Talks about strategic alternatives for Borders' Australian and New Zealand businesses were ended Wednesday, March 12. With the announcement that negoitations had ended came an uncertain future for five New Zealand stores and 23 Australian stores. Borders, second largest U.S. bookseller behind Barnes & Noble Inc, announced in March a year ago that it was selling most of its overseas stores to focus on its U.S. operations.
The Book Sense National Bestseller List(Bestsellers) Summary: Published Thursday, March 13, 2008 (for the sales week ended Sunday, March 9, 2008). Based on reporting from many hundreds of independent bookstores with Book Sense across the United States. News Issue for 03/06/2008Barnes & Noble Expects Tough Year Ahead(Main News) Summary: NEW YORK, NY/3/6/08--Barnes & Noble, Inc. this week said recessionary pressures in this uncertain economic environment "will make 2008 an especially challenging retail year." Penguin USA Delivers Strong Results in 2007(Main News) Summary: NEW YORK, NY/3/6/08--Penguin Group USA played a prominent role in the success this year of Penguin Group [all companies around the world, including DK].This week Penguin Group reported that underlying sales were up 3 percent for the year ending December 31, 2007, while underlying operating profits were up 20 percent, compared with the previous year. The company’s higher backlist sales, a reduction in overall returns, tight control of working capital and seamless supply chain performance contributed to the increase in profitability. Penguin Group is part of Pearson (FTSE: PSON; NYSE: PSO), the international media company. Harlequin Sales Decline in Last Quarter Profits Also Sag(Main News) Summary: TORONTO, CANADA/3/8/08--The book publishing unit of Torstar Corporation, which includes Harlequin Enterprises, reported this week that book publishing revenues were down $3.1 million in the fourth quarter of 2007, excluding the impact of foreign exchange. Harlequin’s publishing operations are comprised of three divisions: North America Retail, North America Direct-To-Consumer, and Overseas. North America Retail was down $1.3 million, North America Direct-To-Consumer was down $0.1 million and Overseas was down $1.7 million. Penguin Launches Personality Driven Hispanic Imprint(Main News) Summary: NEW YORK, NY/3/8/08--Penguin Group (USA) last week announced it will launch Celebra, the first imprint to exclusively publish mainstream Hispanic personalities, with the much-anticipated publication of His Panic: Why Americans Fear Hispanics in the U.S. by world-renowned journalist Geraldo Rivera on February 26th The announcement was made by Leslie Gelbman, President of The Berkley Publishing Group. Rodale Names Karen Rinaldi Publishing Director(Main News) Summary: NEW YORK, NY/3/6/08--Rodale Inc. announced early this week that it has appointed Karen Rinaldi as SVP, General Manager and Publishing Director, Rodale Books, effective April 1. Rinaldi joins Rodale after serving nine years as publisher and managing director of Bloomsbury USA. In this newly created position, Rinaldi will oversee editorial and publishing for all of Rodale’s books. She will report to Rodale President and CEO Steven Pleshette Murphy. Barnes & Noble Downgraded to Neutral(Main News) Summary: NEW YORK, NY/3/4/08--Credit Suisse has downgraded the stock rating for Barnes & Noble, Inc. from "outperform" to "neutral," and has reduced the bookseller's target price from $43 to $30. Norman Mailer Widow to Write Family Memoir(General News) Summary: NEW YORK, NY/3/6/08--Random House has acquired world rights to a memoir to be written by Norris Church Mailer, widow of the celebrated author Norman Mailer. David Ebershoff will edit the manuscript, which was John Taylor "Ike" Williams at Kneerim & Williams. The Book Sense National Bestseller List(Bestsellers) Summary: Published Thursday, March 6, 2008 (for the sales week ended Sunday, March 2, 2008). Based on reporting from many hundreds of independent bookstores with Book Sense across the United States. |
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