News Shorts
Staff -- Publishers Weekly, 1/15/2001
| News | ||||||
Staff -- 1/15/01 Trilogy Raises Chapters Bid | LearningExpress Offers New Feature Trilogy Raises Chapters Bid Trilogy is headed by Gerald Schwartz, the husband of Heather Reisman, founder of Chapters rival Indigo Books. If the takeover is successful, Trilogy will close 10 Chapters stores and replace Chapters CEO Larry Stevenson with Reisman, according to Reuters. Continuing a sometimes nasty exchange of open letters and press releases from the two sides, Trilogy emphasized that the new price is 74% above the average closing price of Chapters' shares in the 20 trading days before its offer was announced November 28. For its part, Chapters noted that although the waiting period for the Competition Bureau's approval of the merger had passed, the Competition Bureau has not yet approved the merger and continues to look into the matter. Moreover, the Ontario Securities Commission should issue a ruling soon on a Chapters' complaint that Trilogy is withholding information about Indigo from Chapters shareholders. The commission is considering a separate complaint made by Trilogy concerning a Chapters Directors' Circular that questioned Trilogy's offer. LearningExpress Offers New Feature To receive an assessment of a writing sample, LearnATest.com users enter their essays online and receive, within 72 hours, an evaluation of their work and recommendations for improvement. According to LearningExpress president and CEO Barry Lippman, the writing service is just another way the company is using the Internet to expand its product
Lippman said its Web site has attracted "lots of traffic" from both the consumer and library markets. Libraries are one of LearningExpress's largest markets, and the company offers a site licensing program for libraries. More than 200 libraries have signed up for the service in less than two months. WMA to Acquire Writers Shop A WMA announcement from president James A. Wiatt and Owen Laster, head of the agency's worldwide literary operations, said an agreement had been reached in principle to bring the Writers Shop people aboard. Walsh and Barber will both become senior v-ps at WMA, with Walsh becoming head of the agency's New York literary department. The move was part of a strategic plan to expand East Coast literary activity and "maintain our standing as the city's preeminent literary and talent agency," said Wiatt. Jay Mandel, who has worked at the Writers Shop for six years, will also move over to the Morris staff. The agency, known after its founder as the Virginia Barber Agency until last year, has a number of notable clients, including Anne Rivers Siddons, Peter Mayle, Alice Munro, Anita Shreve and Rosellen Brown. Walsh brought in Kathy Reichs, Christina Schwarz, Ethan Hawke and Scott Lasser, among others. The planned acquisition was seen as an effort by WMA to bolster its roster as well as to strengthen its literary staff after Robert Gottlieb decamped last fall to form his Trident Media Group, taking a number of Morris staffers and clients with him. Bertelsmann Spanish Alliance Dissolved Bertelsmann strategy in Europe has long stressed combined operations with the trade leader in each targeted country. In France, the giant France Loisirs book club is a joint venture between Bertelsmann and Vivendi Universal Publishing (ex-Havas), and so is e-tailer bol.com. In Italy, Bertelsmann joined forces with that country's leader, Mondadori, for joint club and online operations. (Bertelsmann and Planeta also did their e-tailing together.) In the case of the 50-50 Planeta accord, Bertelsmann was responsible for operations, while each group negotiated reprint rights with its own stable of authors. According to the Spanish trade journal Delibros, the first sign of friction appeared in joint operations of bol.com, which ended with Planeta's withdrawal from the portal. Disney Restructures Kids' Book Group
Andrea Pinkney has been named editorial director of the Hyperion list. She replaces Katherine Tegen, who left last October to go to HarperCollins Children's Books, where she is editorial director at large. Pinkney was previously executive editor of Hyperion's Jump at the Sun imprint, which she founded in 1998; she will continue to edit books for the imprint, in addition to overseeing the unit in her new role. "Hyperion has grown very fast over the past few years, and it's now time for a new editorial director to take it even further," said Lisa Holton, senior v-p and publisher. "I also think it's important to acknowledge that Hyperion is editorially separate from the
Disney Global, which includes Disney Press, Global Retail and Global Continuity, will be headed by Jackie Carter as editorial director. She had been Global Continuity director. "The mission of Disney Global Children's Books is to create high quality books featuring kids' favorite [Disney] characters," Holton said. Pinkney and Carter will report directly to Holton. Two other promotions were announced in conjunction with this restructuring. Ken Geist is now v-p, creative director and preschool, and Jeanne Mosure was named v-p, associate publisher of Global Children's Books. Keating Joins Plume Books Potter Tops B&N Lists In paperback fiction, The Sorcerer's Stone and The Chamber of Secrets were the top two sellers, followed by The Poisonwood Bible by Barbara Kingsolver. Rounding out the top five were Grisham's The Testament and While I Was Gone by Sue Miller. In nonfiction hardcover, Spencer Johnson's Who Moved My Cheese? was the number-one seller, with Body for Life by Bill Phillips and Michael D'Orso in second place. Tuesdays with Morrie by Mitch Albom, The O'Reilly Factor by Bill O'Reilly and Relationship Rescue by Phillip McGraw occupied the three, four and five slots. Nonfiction paperback sales were led by Dr. Atkins' New Diet Revolution by Robert Atkins, followed by Gary Zukav's The Seat of the Soul. The next three bestsellers were Rich Dad, Poor Dad by Robert Kiyosaki, The Perfect Storm by Sebastian Junger and The Four Agreements by Don Miguel Ruiz. Reed Extends Harcourt Offer BISG Meeting to Discuss Lessons from Music Industry Bernard Geis Frank Williams, 74
| ||||||
























