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Bertelsmann Ups PRH Stake to 75%
Bertelsmann has agreed to buy a 22% stake in Penguin Random House that will generate about $1 billion for Pearson, which will still have a 25% stake in the trade publishing giant.
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PRH Completes Purchase of Ediciones B
The purchase, which was announced in April, will boost Penguin Random House Grupo Editorial’s position in Spanish-language trade-book publishing markets throughout the world.
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Ingram Buys NBN's International Divsion
Ingram Publisher Services has acquired NBNi, the U.K.-based arm of the U.S. distributor National Book Network.
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Pubnet, PubEasy Sold to German Company
Effective July 1, MVB Marketing, a subsidiary of Börsenverein, the German Publisher and Bookseller Association, will take over ownership of Pubnet and PubEasy. Ted Hill has been named general manager.
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Rutgers and Bucknell Strike University Press Pact
The university presses have reached a partnership agreement through which Rutgers will do all of the production, marketing, and sales for Bucknell titles.
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Quarto to Sell Regent Publishing Services
Quarto's sale of the Hong Kong-based publishing services business will allow it to focus on expanding its global illustrated book operations.
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Trump Budget Calls for Eliminating the NEA, NEH
President Trump's budget proposal for fiscal 2018 calls for completely eliminating funding for the NEA and NEH as well as a number of other domestic programs. The LitNet arts coalition called the NEA proposal "an assault on free expression."
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Hachette U.K. Acquires Bookouture
Bookouture, the U.K.-based digital publishing company that had a number of titles hit high on Amazon's Kindle e-books bestselller list in 2016, has been acquired by Hachette U.K.
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Penguin Random House Acquires Obama Books
Penguin Random House has won world rights, at auction, to books by former President Barack Obama and former First Lady Michelle Obama in a sum rumored to be as high as $60 million.
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B&N Education Buys MBS for $174 Million
In another move that consolidates the college retail and wholesale market, Barnes & Noble Education has acquired MBS Textbook Exchange for $174.2 million in cash.
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Lyons Press Partners with History Channel on New Series
Lyons Press is partnering with A+E Networks to publish a series of illustrated titles based on the History channel’s 'Breaking History' programs.
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Blackstone Audio Buys Audio Editions
Ashland, Ore.-based Blackstone Audio has acquired Audio Editions, the Auburn, Calif., direct-to-consumer audiobook retailer.
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NPD Buys Nielsen's Book Services
The market research firm NPD Group's acquisition includes Nielsen's U.S.-based BookScan, PubTrack Digital, and Books & Consumers services.
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Pearson to Sell Stake in Penguin Random House
Faced with worse-than-expected results in its North American higher education publishing business, Pearson said this morning that it is putting its 47% stake in Penguin Random House up for sale.
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Central Recovery Press Buys Assets of Mac Publishing
Las Vegas-based Central Recovery Press has acquired the assets of Mac Publishing, a publisher of materials of works on family systems and addictive disorders.
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Sourcebooks Expands Children's Program in Deal with March 4th
Sourcebooks has struck a deal with March 4th that will add 25 frontlist and backlist titles from March 4th's Little Pickle Press imprint to its children's nonfiction publishing program.
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Chicago Review Press Acquires Parenting Press
Chicago Review Press, Inc., the parent company of Chicago Review Press and Independent Publishers Group, is acquiring Parenting Press.
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Authors United Absorbed by Authors Guild
In a letter, Authors United founder Douglas Preston urged AU writers “to throw their support behind the Authors Guild either by joining or making a contribution.”
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Kuhn Project, ZSH Merge to Create Aevitas
In a letter sent out this morning, the leaders of the Kuhn Project and Zachary Shuster Harmsworth said that they are combining forces to form Aevitas Creative Management, a literary agency that will have over 20 agents and offices in three cities.
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