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Japan's Media Do Buys Firebrand
Firebrand Technologies has been acquired by Media Do International, the U.S. subsidiary of Tokyo-based Media Do Ltd., a major e-book distributor. Firebrand founder Fran Toolan will remain CEO for at least the next three years.
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Turner Publishing Buys Prospect Park Books
Turner Publishing Company has acquired Los Angeles-based Prospect Park Books. The purchase adds more than 100 titles to Turner's backlist.
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Authors Guild Asks DoJ to Stop PRH Purchase of S&S
The Authors Guild, along with five other writers’ groups and the nonprofit Open Markets Institute, has sent a letter to the Department of Justice asking the government to block Penguin Random House’s pending acquisition of Simon & Schuster.
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Book Biz Saw Little M&A in 2020, with Some Big Exceptions
Economic uncertainty limited merger and acquisition activity in the book business last year, but there were still a number of significant transactions, including Penguin Random House's planned purchase of Simon & Schuster.
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Pop Culture Veterans Launch Endpaper Entertainment
Endpaper Entertainment is a new content development company focused on producing original stories in a variety of media, formats and genres and is being led by Rich Johnson and Syndee Barwick.
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Wiley Buys Open Access Publisher for $298 Million
John Wiley has expanded its presence in the open access field with the acquisition of Hindawi, a London-based scientific research publisher of more than 200 peer-reviewed scientific, technical, and medical journals. Wiley paid $298 million for Hindawi, which had 2020 revenue of $40 million.
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Atlas Completes Purchase of America's Largest Book Printer
The private equity firm Atlas Holdings has completed its purchase of LSC Communications, the country's largest book printer, which filed for bankruptcy in April.
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Bertelsmann to Buy S&S for $2.2 Billion
Penguin Random House has agreed to acquire Simon & Schuster for $2.175 billion. The deal, which is expected to be completed next year, will combine the country's largest and third largest trade publishers.
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Deep Vellum Acquires Dalkey Archive
Deep Vellum Publishing is acquiring the assets of Dalkey Archive Press and will maintain the company as a distinct imprint, publishing new titles as well as maintaining the press's backlist.
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News Corp CEO Sees Antitrust Concerns in PRH Buy of S&S
Robert Thomson, CEO of HarperCollins parent company News Corp, said during the company's annual meeting that a purchase of Simon & Schuster by Penguin Random House "will clearly be a serious antitrust issue."
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'NYT' Says HC, PRH Top Contenders to Buy S&S
Saying that private equity firms had dropped out of the bidding, the 'New York Times' reported this morning that the country's first and second largest trade publishers—Penguin Random House and HarperCollins, respectively—were now the favorites to acquire Simon & Schuster, the country's third largest trade publisher.
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Chronicle Buys Game Brands from Wild + Wolf
Chronicle Books has acquired three toy and game brands from Wild + Wolf, a Bath, England–based gift specialist. The deal adds some 350 products to Chronicle's gift and game offerings.
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Bertelsmann Buys Quad's Book Printing Plants
In a deal that closed on October 31, Bertelsmann Printing Group USA’s Berryville Graphics division acquired Quad’s book printing plants in Fairfield, Pa., and Martinsburg, W.Va.
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B&T Returns to the Academic Library Market
Five years after it left the academic library market, Baker & Taylor has returned. The move, however, does not mean the wholesaler has any plans to get back into the retail market.
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Molly Stern Launches Zando
Former Crown publisher Molly Stern has returned to book publishing as the founder of Zando, an independent publisher that will develop its own list as well as partner with “influential people, platforms and institutions to acquire and publish new titles under their own imprints."
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PW Talks to Walter Mosley
Walter Mosley was given a Lifetime Achievement Award at this year's Bouchercon 2020. In an interview with 'PW,' Mosley touched on topics ranging from his career to the progress mystery organizations have made in addressing diversity concerns.
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Fox News Is Launching a Book Line
Fox News has created Fox News Books and signed a three-book deal with HarperCollins, whose Broadside Books will oversee the imprint.
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Rittenhouse Distributors Sold
The King of Prussia, Pa.–based health and medical content distributor was bought by private investors Kevin Ream and Jeff Villwock.
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Qataris Enter Fight Over Lagardère’s Board
The three major shareholders of the parent company of Hachette Book Group—Vivendi, Amber Capital, and Qatar Capital—are now aligned in a push to control four of the nine seats on the company board.
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