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PanelFly Launches Online Marketplace for Comic Book Distribution
Austin-based startup PanelFly has launched what it describes as the first online wholesale marketplace connecting retailers directly with comics publishers.
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WH Smith Bookstores Sold, Renamed TGJones
The 250-year-old U.K.-based chain of 480 outlets has been sold for £76 million to private equity firm Modella Capital and will operate under a new name. The WH Smith brand name and travel divisions were not included in the sale.
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Diamond Comic Distributors Has a Buyer. Now What?
After two months of intense speculation, the comics business finally has an answer to its biggest question of late: the bankrupt Diamond Comic Distributors is slated for acquisition by Alliance Entertainment, a new player in the sector.
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Globe Pequot Agrees to Buy Waterford Press
Globe's purchase of the Florida-based guidebook publisher is its first acquisition since its sister company, Rowman & Littlefield, was sold to Bloomsbury last May. Globe CEO Jed Lyons (pictured) said the purchase marks first of many niche acquisitions that the company hopes to make now that it is focused solely on the trade market.
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Zando Acquires Tin House
The respected literary press, founded in 2002, will become an imprint of the expanding independent publisher Zando, which was launched by former Crown publisher Molly Stern in 2020.
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The Book Business Prepares for Tariff Turmoil
New Trump Administration tariffs on goods from Canada, Mexico, and China have been delayed yet again, only adding to uncertainty among publishers and printers about what the levies could mean for their businesses.
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Readerlink Will Stop Distributing Mass Market Paperbacks at the End of 2025
The move, by the country's largest distributor of mass market paperbacks, is a severe blow to the format, which has seen steadily declining sales but is still the cheapest option for buying print books.
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Match Makers: How the Fisher Company Serves the Publishing M&A Market
Looking to acquire or sell a business in the publishing space? The Fisher Company can help. (Sponsored)
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Six Publishers Form the Stable Book Group
Chris Gruener and Keith Riegert have launched Stable Book Group. The company brings together four extant independent publishers—She Writes Press, Trafalgar Square Books, Ulysses Press, and VeloPress—with the newly established Galpón Press and Mountain Gazette Books.
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Bowker Rejoins ISNI Global Identification Effort
The ISBN services company has rejoined the ISNI International Agency, which provides tools meant to ensure accurate attribution for authors’ and other creatives’ works across the supply chain.
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Bloomsbury UK Reaches Last-Minute Contract Agreement With Amazon
As of 10.30 p.m. GMT on January 23, Amazon and Bloomsbury reached an agreement in principle on a new contract following a threat by the e-tail giant to no longer sell Bloomsbury UK's titles in its online stores in select markets should the two parties fail to reach a deal by midnight on Jan. 24.
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Bertelsmann Strikes 'Strategic Collaboration' with OpenAI
Penguin Random House's parent company hopes to improve operating efficiencies and find new ways to create and distribute content through the agreement.
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Penguin Random House Australia Acquires Text Publishing
Penguin Random House Australia has acquired Text Publishing. A major Australian publishing house, Text's roster includes numerous prize winners and bold-faced names. The company will retain its editorial autonomy as part of PRHA.
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Government Charges Three People in Publishing Scam
A grand jury in San Diego has charged three people involved with PageTurner Press and Media in a publishing scam that the government contends defrauded elderly authors across the U.S. of almost $44 million.
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HarperCollins Holland Acquires Gottmer's Lifestyle Imprints
HarperCollins Holland has agreed to acquire four lifestyle imprints from Gottmer Uitgevers Groep, including Becht (cookbooks and eco-friendly lifestyle), Altamira (mind, body, and spirit), Dominicus (travel guides), and Hollandia (water sports).
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Proposed Change to Inclusive Access Program Dies
The Department of Education has officially ended plans to change eligibility rules that could have undermined the viability of Inclusive Access programs, which allow college students to pay for educational materials at below market rates.
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Deep Vellum Acquires U.K. Translation Publisher Fum d'Estampa
Dallas-based Deep Vellum Publishing has acquired Fum d'Estampa Press, a British small press founded in 2020 that has published 30 translated works from Catalan, Spanish, French, and Norwegian.
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Book Publishing M&A in 2024: An Active, but Not Seismic, Year for Deals
Though there were no billion-dollar deals along the lines of private equity firm KKR’s 2023 sale of RBmedia and purchase of Simon & Schuster, the year did produce a number of notable acquisitions that indicate a few developing trends.
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Crown Publishing Group Acquires Compendium
The Crown Publishing Grouphas acquired Compendium, the publisher of illustrated books, journals, and notecards.
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Canada's Valsoft Acquires Edelweiss, Expanding Role in Publishing
Montreal-based software company Valsoft Corporation has acquired Above the Treeline, Inc., developer of Edelweiss, the digital workflow platform for booksellers and publishers. The move follows Valsoft's majority stake purchase in publishing software Klopotek in August 2023.
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