A Loss for Amazon
As expected, Amazon sales in the second quarter hit $19.34 billion, up 23% over the same period last year, but the net loss of $126 million was deeper than anticipated.
Reynolds Named CEO at Workman
Dan Reynolds, CEO and president of Workman imprints Storey and Timber, has been named CEO of Workman Publishing Company, effective immediately.
Legato to Become Part of PGW; Suchomel Out
With its deal to acquire Perseus Books Group’s distribution business set to close, Ingram has confirmed that the recently formed Legato Publishers Group will become part of Publishers Group West, and that Legato founder Mark Suchomel will officially leave the company August 1.
In “Acquisition Activity Picks Up,” in the July 21 issue of Publishers Weekly, we indicated that Turner Publishing acquired Holiday House titles. In fact, Turner Publishing acquired Hunter House titles.