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Scholastic Sells HQ, Distribution Facility
The sale of its Broadway headquarters and Jefferson City, Mo., distribution hub is expected to generate $401 million in net proceeds for the children’s publisher.
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Catapult Acquires Hawthorne Books
With the acquisition, the Portland, Ore.–based indie publisher will become Catapult’s fourth imprint. Founder Rhonda Hughes will continue to acquire new books for Hawthorne, whose backlist includes around 50 titles.
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Globe Pequot Adds Another Publisher
In the Globe Pequot Publishing Group’s fourth deal this year, the Essex, Conn.–based company has acquired nearly all titles by Tucson’s Rio Nuevo Publishers, significantly expanding its regionally-focused publishing program.
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RHCB Buys Cherry Lake
Random House Children’s Books has acquired Cherry Lake Publishing Group, the Ann Arbor–based publisher of children’s trade, library, and educational titles; the purchase involves approximately 6,000 titles. Cherry Lake will continue to operate independently.
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Macmillan Acquires Sounds True’s Book, Audio Businesses
The Big Five house has purchased the book, e-book, audiobook, and audio original catalogs of the mind-body-spirit publisher. With the sale, Sounds True will focus on its online learning, events, and digital media businesses.
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Aethon Buys Horror Publisher Wicked House
Wicked House Publishing, which has a backlist of more than 50 titles, will become the horror imprint of Aethon Books.
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Princeton UP Acquires Island Press
Beginning in January, the Washington, D.C.–based not-for-profit publisher, which focuses on books about sustainability and the environment, will become an imprint of Princeton University Press.
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Stable Book Group, Open Road Ink E-book Agreement
Under the deal, all of Stable’s e-book titles will automatically become part of Open Road’s Ignition program, which creates marketing campaigns for e-books.
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Andrews McMeel Acquires Quirk Books
Effective October 1, Andrews McMeel Publishing has taken over publishing all Quirk backlist and frontlist titles. The Philadelphia-based publisher will become an imprint of AMP, headed by Quirk founder Dave Borgenicht.
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ReaderLink, B&T Call Off Deal
In a joint statement issued Friday afternoon, ReaderLink and Baker & Taylor announced they have “mutually” agreed to terminate ReaderLink’s proposed acquisition of the troubled library wholesaler.
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Private Equity Firm Acquires Two Leading Hybrid Publishers
Greenleaf Book Group and Amplify Publishing Group, two of the country’s oldest and best-known hybrid publishing companies, have been acquired by Civica Media, a new publisher formed by private equity firm BlackBern Partners.
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Publishers Warily Await Completion of ReaderLink-B&T Deal
While relieved that the library wholesaler will remain in business, many publishers and other suppliers have voiced concerns about not being paid in full for what they are owed by Baker & Taylor.
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Disney, Webtoon Strike Deal for New Digital Platform
Under the tentative agreement, Webtoon will develop a digital comics platform featuring some 35,000 works produced by Disney, including Marvel and Star Wars titles. As part of the deal, Disney has agreed to buy a 2% stake in Webtoon.
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ReaderLink Agrees to Buy Baker & Taylor
The country’s largest mass merchandiser wholesaler has agreed to purchase the country’s largest library wholesaler in a deal that is expected to be completed in about two weeks.
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Apple Sued by Authors for Copyright Infringement
On Friday, authors Grady Hendrix and Jennifer Roberson filed a proposed class action lawsuit against Apple accusing the company of illegally using their books to train its AI.
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Forefront, Histria Launch Unified Publishing Group
The two U.S. indie publishers have joined to take a majority stake in the U.K.-based Unicorn Publishing Group, which is the third member of the recently formed United Publishing Group. Forefront CEO Jonathan Merkh will head the new company.
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Whitaker House Acquires Million Praying Moms
The 50-year-old Christian publishing ministry arm of the Whitaker Corporation currently partners with Million Praying Moms on its Everyday Prayers book line.
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Sarah Smith Takes Ownership of David Black Literary Agency
Sarah Smith, who is beginning her 14th year with the Brooklyn-based literary agency, has acquired the firm from founder David Black, who will remain fully engaged with the agency but said the time was right “to create a path forward.”
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Everand Acquires Online Book Club Platform Fable
Everand, the online e-book and audiobook subscription service and subsidiary of Scribd, has acquired the social reading and book club app Fable, which has three million users and hosts more than 100,000 book clubs.
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Likewise Gets New Owners, Targets Book Discovery Market
Entertainment discovery platform Likewise has been acquired by Watchlist Inc., with Josh Epstein, formerly chief business officer at Likewise, named CEO. The company has several book promotion e-newsletters and is looking to expand its offerings.
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