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AUTHORLINK NEWS ARCHIVESEarly December, 1997
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Times Mirror
LOS ANGELES, CA/11/24/97--Times Mirror has announced it is reviewing the strategic position and alternatives of its legal publisher, Matthew Bender & Company, Inc., and medical professional publisher, Mosby, Inc. ``Mosby, Matthew Bender, and our Shepard's joint venture are successful publishers of `must have' information for the medical and legal professions and are important parts of our company,''said Mark H. Willes, Times Mirror chairman, president and chief executive officer and publisher, Los Angeles Times. ``However, the quickening pace of consolidations in these industries and our normal strategic review process led to this broader scale review. "We are committed to continued growth of our Professional Information segment, which includes flight information provider, Jeppesen Sanderson, Times Mirror Training, Inc., and consumer health information, a rapidly growing area of health care publishing. Each of these businesses is the leader in its marketplace. Focusing on these and related areas provides a solid base and ample opportunity for continued growth in Professional Information,'' said Willes. Times Mirror said it would evaluate a variety of alternatives including a sale to a third party, a spinoff to shareholders and swaps for other strategic assets. The company does not expect a definitive announcement of the results of its review before next Spring. The company also confirmed that it retained Goldman, Sachs & Co. to assist in the review. Times Mirror (TMC--New York and Pacific Stock Exchanges), a Los Angeles-based news and information company, publishes the Los Angeles Times, Newsday, The Baltimore Sun, The Hartford Courant, The Morning Call, and The (Stamford) Advocate and Greenwich Time, professional information and consumer magazines.
Tribune Education
11/97--Tribune Education has acquired about 80% of Landoll, Inc., a leading publisher of children's education, coloring and activity books. Landoll sells its market titles in more than 150,000 stores, including Kmart, Wal-Mart, and Target, supermarkets, pharmacy chains, and warehouse clubs.
Cambridge Press,
CAMBRIDGE, ENGLAND/11/97--Cambridge University Press and SIGS Books, a division of SIGS Publications, Inc., will co-publish a new dual imprint, focusing on advanced software technology. Cambridge will solely publish and distribute existing SIGS books. An editorial team from Cambridge and SIGS will develop between 12-15 new books per year, covering such topics as object technology, Java, and web development. The books will be published under the Cambridge University Press imprint, and will include the SIGS Books name and logo.
HarperCollins
NEW YORK, NY/ 11/97--HarperCollins will launch a new line of picture and board books for preschoolers of various ages. The imprint, titled Growing Tree, will be launched in February.
Primedia Technical
NEW YORK, NY/ 11/19/97-- Intertec Publishing, the technical and trade division of PRIMEDIA Inc. (NYSE: PRM, formerly K-III Communications), has acquired Cardinal Business Media. Cardinal's key titles include Mix, leading trade magazine for the professional recording, sound, and music production industry; Electronic Musician, an electronic and computer generated music production magazine for music professionals and enthusiasts, and Recording Industry Sourcebook, a directory of information on music related businesses. William F. Reilly, chairman and CEO of PRIMEDIA, said the acquisition now makes PRIMEDIA's Intertec Publishing the world's largest publisher of technical entertainment and communications industry business magazines. Among the 17 entertainment/communications titles are Broadcast Engineering, Millimeter, Video Systems and Telephony. Also included in the purchase were Club Industry News and its related trade shows, for owners and operators of commercial health and fitness facilities, which builds on Intertec's Swimming Pool/Spa Age, as well as Intertec's growing trade show division. Terms of the transaction were not disclosed. Mix, Electronic Musician, Recording Industry Sourcebook and their related titles will continue to be located in Emeryville, California, near San Francisco. Club Industry and its related businesses will continue to be located in Ft. Washington, Pennsylvania. Intertec Publishing Corporation, founded in 1886, is a wholly owned subsidiary of PRIMEDIA Inc. One of the largest trade magazine operations in the United States, Intertec has its headquarters in Overland Park, KS. Intertec publishes 72 magazines, supplements and newsletters in the United States as well as foreign-language magazines, directories/annuals, show dailies, and more than 350 technical books and pricing guides. PRIMEDIA Inc., a media company with 1996 sales of $1.4 billion, is an authoritative source of specialized information concentrating in specialty magazines (specialty consumer magazines and technical and trade magazines), education (classroom learning and workplace learning), and information (consumer directories and business directories). Other key brands include Channel One, Weekly Reader, World Almanac, Seventeen, New York and Soap Opera Digest.
Hollinger Sells
CHICAGO, IL/11/24/97--Hollinger International Inc. (NYSE: HLR) has agreed to sell about 80 community newspapers to an investment group controlled by Leonard Green & Partners, L.P. The $310 million sale represents about 40% of Hollinger's U.S. community newspaper holdings. The properties to be sold are small market clusters of more than 160 publications and include daily, weekly and free-circulation publications with a total circulation of approximately 900,000 per week. The properties are located in 11 states with the largest clusters in southern Illinois, Missouri, western New York, Pennsylvania and California. The majority of the papers were purchased prior to 1990 and include some of the very first community newspapers acquired by Hollinger. Net proceeds from this transaction will be used by Hollinger to reduce debt. Leonard Green & Partners, L.P. is a Los Angeles-based private merchant banking firm specializing in organizing, structuring and sponsoring management buy-outs of established companies. Leonard Green & Partners, L.P. currently has in excess of $500 million in private equity capital under management.
Penguin Putnam Inc.
NEW YORK, NY/11/26/97--Exactly a year ago, Pearson plc, the international media group, expanded its share of US trade book publishing by having its Penguin USA group purchase Putnam Berkley for $336 million. Since then, many writers and agents have been asking just who bought whom and which imprint belongs where. For legal and financial reporting purposes, the names of the two companies have been combined as Penguin Putnam, Inc., making the new organization the second largest English language trade book publisher in the world and the third largest in the USA. However, in everyday operations, the two entities continue to run autonomously. Penguin USA has three divisions, each of which has several imprints. Penguin USA Hardback imprints are:
Penguin USA Paperback imprints are:
Penguin USA Children includes:
At Putnam Berkley: Hardback imprints include:
Paperback imprints are:
Berkley children's line includes:
Penguin Putnam, Inc. is part of Penguin International, which in turn operates under the entertainment division of Pearson plc. The Pearson entertainment division also includes Pearson Television, The Tussauds Group, Pearson New Entertainment and Mindscape. Michael Lynton is chairman and CEO of the Penguin Group worlwide. Phyllis Grann, formerly chairman and CEO of Putnam, is president of the combined Penguin Putnam, Inc. David Shanks is president of Putnam Berkley. Cathy Hemming is president of Penguin International. Frank Barlow is managing director of Pearson, plc.
Element Books
ROCKPORT, MA/ 11/20/97--Element Books, Inc., based in Rockport, MA has been named the second rated top small publisher in the country by Publishers Weekly, the international news magazine of book publishing and bookselling. The list was based on sales growth from 1994-96. Twenty-one small publishers were listed for having shown the can prosper through tough times. Element Books specializes in books about the "body, mind and spirit" and focuses on alternative health, psychology and religious traditions. Element CEO Peter Ackroyd noted in Publishers Weekly that "as the baby boomers bring their counterculture values into the new millennium, it appears that what was once considered 'alternative' is now a firmly established genre of publishing." Element, which has its titles distributed internationally by Penguin Putnam, posted sales increases of 157% from 1994 to 1996, with revenues totaling $8.5 million in 1996. Element has grown from 6 employees in 1994 to 11 employees in 1997. They are planning a move to larger headquarters in Boston in 1998. The company's top selling titles in 1997 include: Intuition, by Patricia Einstein; The Tao of Sales by E. Thomas Behr; The Hiram Key, by Christopher Knight and Robert Lomas; Mother Teresa, by Navin Chawla; Tibet: My Story, by Jetsun Pema and The Complete Illustrated Guide to Feng Shui, by Lillian Too.
BOMC To Aid
NEW YORK, NY/ 11/07--The Book-of-the-Month Club, Inc. (BOMC) has established a $200,000 Community Library Fund to help urban libraries enhance their book collections. The Fund will award four $50,000 grants per year to individual libraries, based on evaluation of grant proposals The first recipient will be the Free Library of Philadelphia's recently reopened Northwest Regional Library. Northwest will receive $25,000 in cash, plus an additional $25,000 worth of books of its choice from BOMC's more than 2500 available titles. The Urban Libraries Council will assist the BOMC in evaluating each grant proposal. BOMC and nine affiliate clubs will promote the program to their four million members. Part of the proceeds from each book ordered will go to the fund.
Judge Says NACS
NEW YORK/NY/11/97-- A US District Court judge in New York has allowed The National Association of College Stores (NACS) to continue its price discrimination suit against Addison Wesley Longman, and Oxford and Cambridge University Presses. The three publishers had sought to dismiss the case, on the basis that NACS is a trade association. The role of Amazon.com in the pricing wars is expected to become an issue in the forthcoming trial.
PCNA Wins
LAKE HELEN, FL/ 11/25/97-- The Publishing Company of North America, Inc. (NASDAQ: PCNA) has signed a longterm publishing contract with the Nebraska State Bar Association to publish the Association's official annual membership directory, effective in June, 1998. The Nebraska publication will be the seventh official state bar association directory to be published by The Publishing Company of North America , which also publishes more than 100 county and city bar association directories. Peter S. Balise, Chairman, President and Chief Executive Officer of The Publishing Company of North America, Inc said the contract brings the company closer to its goal of dominating the state legal directory publishing market. PCNA will retain all advertising revenues for the publication and will market attorney biographies to members of the Nebraska State Bar Association to further increase revenues. The Publishing Company of North America, Inc. is an integrated full service provider of specialty publishing for bar associations, colleges and universities, and other organizations, focusing principally on print directories and related products and services.
Cold Mountain
NEW YORK, NY/11/97--Charles Frazier's first novel "Cold Mountain" (Atlantic Monthly Press) became the surprise winner of The 1997 National Book Award for fiction , beating expected winner, Don DeLillo's "Underworld" (Scribner). Other winners included: Han Nolan's "Dancing on the Edge" (Harcourt Brace), earning the young adult prize; William Meredith, taking the poetry prize for his "Effort at Speech: New and Selected Poems" (Triquarterly Books/Northwestern Press); and Joseph Ellis, taking home the nonfiction prize for his "American Sphinx: The Character of Thomas Jefferson" (Knopf). The awards ceremony took place at the New York Marriot Marquis.
Canada Arts Council
11/97--The 1997 Canada Council for the Arts has announced winners of the Governor General's Literary Awards. This year's winners in both the English- and French-language categories were: Fiction
Poetry
Nonfiction
Children's Literature - Text
Children's Literature - Illustration
Drama
Translation
Each winner received $10,000 and a specially-bound copy of their book.
Prima, Cyan
ROCKLIN, CA and SPOKANE, WA/ 11/24/97-- Prima Entertainment and Cyan Productions have jointly released an official strategy guide to "Riven: The Sequel to "Myst, " a popular PC game. Prima is also the publisher of "Myst: the Official Strategy Guide," which is the first game strategy guide ever published to sell a million copies. Like its record-shattering predecessor, Prima's Riven strategy guide was conceived and written by Rick Barba, senior member of Prima's authors-in-residence team. In addition to providing the most comprehensive coverage of the game, including walkthroughs and puzzle solutions, Prima's Riven guide includes two special features: a collector's full-color poster especially chosen by Cyan for the book, and a foreword by Riven creators, Rand and Robin Miller.
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