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CBS, Viacom Merger Completed
The merger of Simon & Schuster parent company CBS with Viacom was completed yesterday afternoon. The new ViacomCBS will have combined sales of about $28 billion.
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Scribd Gets $58 Million in New Financing
Scribd said the new investment will be used to support growth and product innovation as well as enhance operations.
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Quad to Sell Book Business
The company said the book group has annual sales of about $200 million.
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Vesuvian Media Group Buys Black Spot Books
Vesuvian Media Group, a books-to-film multimedia company, has acquired Black Spot Books, which has a growing list of adult and young adult titles.
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Mango Publishing Acquires Red Wheel/Weiser's Conari Press
Conari Press, an imprint of Red Wheel/Weiser founded in 1987 that focuses on categories such as spirituality and personal growth, was acquired by the Miami-based Mango Publishing in a deal that closed earlier this month.
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1517 Media Acquires Lutheran University Press
The Christian multimedia company 1517 Media whose imprints include Beaming Books, Fortress Press, and Augsburg Books, has acquired Lutheran University Press,
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Chicago Review Press Acquires Amberjack Publishing
In a deal that closed September 13, Chicago Review Press acquired Amberjack Publishing. Based in Eagle, Idaho, Amberjack has a backlist of 63 titles, including 'Girl Boner' (2017).
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CBS, Viacom Will Merge
Simon & Schuster parent company CBS will merge with Viacom in a deal expected to be completed by the end of 2019. The combined company will have $28 billion in revenue and S&S will be overseen by current Viacom CEO Bob Bakish.
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Elliott Completes Purchase of B&N
Elliott Advisors has completed its $683 million purchase of Barnes & Noble. As a result of the deal, Waterstones CEO James Daunt takes over as B&N CEO as well. Elliott now owns both Waterstones and B&N.
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Quad, LSC Call Off Merger
Quad and LSC Communications announced this morning that they have mutually agreed to call off the planned purchase of LSC by Quad following a DoJ lawsuit.
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Penguin Publishing to House Former F+W Titles
After placing the winning bid in the auction for the book assets of bankrupt F+W Media, Penguin Random House has completed the purchase of 2,000 titles and that announced the works will become part of the Penguin Publishing Group.
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DoJ Sues to Block Merger of Country's Two Biggest Printers
The Department of Justice filed a civil antitrust lawsuit Thursday in the U.S. District Court for the Northern District of Illinois seeking to block Quad’s proposed acquisition of LSC Communications.
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Rowman & Littlefield Buys Prometheus Books
The Rowman & Littlefield Publishing Group has acquired the publishing assets of Prometheus Books, which was founded in 1969 and has a backlist of 1,700 active titles.
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TaleFlick Opens Adaptation Marketplace
TaleFlick, a company that fosters relationships between Hollywood and the publishing world, has just launched “The Marketplace,” an online platform where producers, publishers, agents, and writers can connect.
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A Bidding War for B&N?
According to a report in the 'Wall Street Journal,' Readerlink is considering putting together a bid to top the $6.50 per share offer made by Elliott Advisors.
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PRH Acquires F+W Book Group Assets At Auction
Penguin Random House has posted the winning bid to acquire the book publishing assets of F+W Media.
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Equity Firm Agrees to Buy B&N
Elliott Advisors, which bought the U.K. bookstore chain Waterstones in April 2018, has signed a definitive agreement to buy Barnes & Noble in a deal valued at about $683 million.
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Reports Say B&N Close to Selling to Private Equity Firm
According to a report in the 'Wall Street Journal,' the private equity firm Elliott Management, which bought U.K. bookstore chain Waterstones in April 2018, is close to acquiring Barnes & Noble.
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PRH Takes Minority Stake in Sourcebooks
Penguin Random House has acquired a 45% stake in Sourcebooks, the independent publisher founded by Dominique Raccah in 1987, which has shown rapid growth in the children's sector.
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