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Dover Introduces Flat Discount for Booksellers
Independent booksellers that do $2,500 in business with Dover will receive a flat 50% discount.
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Big Third Quarter Loss for Reader’s Digest; Search for Stevens Buyer Continues
A $527 million charge and declining sales results in an $535.9 million operating loss in the third quarter at Reader's Digest. The company said that there is "doubt" it will find a buyer for Gareth Stevens, its library publishing operation.
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Industry Stocks: May Performances
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Rand Expands, Hires Writers Via Contest
Rand Publishing is adding a new title every month or so, with the goal of publishing 25 to 35 books in the next year. CEO Katie Rose Hope said the house is finding writers by word of mouth and online. It is also seeking new writers via a writing contest.
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PoliPoint Enters Downloadable Audio Market
The indie house is testing the downloadable waters with two titles.
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HMH Forms Centralized Digital Strategy Group
Houghton Mifflin Harcourt has announced the formation of a new digital strategy planning group within its trade and reference division.
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Amazon’s Kindle DX Available June 10
Amazon's Kindle DX wireless digital reading device will begin shipping on June 10.
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New Approach, New Look from Baker & Taylor
Baker & Taylor has mounted an all-out effort to position itself to become a major player in the digital distribution of content. Beginning earlier this spring and running through last week, B&T completed a series of deals designed to align the wholesaler with leading companies in the digital space.
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BookExpo America 2009: Nash and Felman’s Open House
The ideal publisher in the age of e-community? The e-community itself.
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Ingram Survey Finds Half of Respondents Will Use E-Catalogues
Almost 60% of the 2,000 Ingram customers who responded to the survey reported that they have at some time recently reviewed book titles via an e-catalogue, and 49% of them said they would be willing to use e-catalogues, as long as the electronic versions were easy to use with “shopping list” functionality and POS download capabilities.
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Baker & Taylor, Donnelley in Print-on-Demand Pact
Baker & Taylor has formed a partnership with R.R. Donnelley in which Donnelley will establish and manage a print-on-demand center in B&T's Momence, Ill. distribution facility.
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James King Wins Amazon Breakthrough Novel Award
A freelance corporate writer has won this year’s Amazon Breakthrough Novel Award. James King, author of Bill Warrington’s Last Chance, landed a $25,000 contract with Viking. “This is an unbelievable feeling,” King said to the small crowd gathered at Battery Gardens restaurant in Manhattan this morning. “It’s a dream come true.”
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Borders Sales Fall 12% in First Quarter
First quarter sales fell 12.1% at Borders as comp store sales at its superstores dropped 13.5% leading to a 10.7% decline in overall superstore sales. Revenue at the Waldenbooks special group fell 19.9% as comps fell 5.5% and 11 stores were closed.
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B&T, OverDrive Ink Digital Distribution Deal
Baker & Taylor is teaming up with digital media distributor OverDrive in a longterm technology licensing agreement to distribute downloadable e-books, audio books, music, video and related content to Baker & Taylor customers.
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Indigo Finishes Fiscal 2009 with Sales Gain
Canada's largest bookstores chain had a strong fourth quarter and finished the fiscal year ended March 31 with a 1.9% sales increase.
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HarperCollins UK Reorg Follows Ridout Departure
HarperCollins UK managing director Amanda Ridout announced last week that she will be leaving the company at the end of June to “pursue other ventures.” Following Ridout’s notice, CEO and publisher Victoria Barnsley said the roles of MD of HarperCollins, MD of HarperFiction and MD of Harper NonFiction/Collins will be phased out in favor of a “flatter structure.”
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Ingram Adds Ingram Digital to Newly Formed Ingram Content Group
Ingram is moving Ingram Digital into the Ingram Content Group as part of its startegy to provide customers and clients with easier access to the company's print and digital services. Skip Prichard will head the newly combined company.
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Beacon Press, King Estate to Announce Publishing Pact
Beacon Press will hold a press conference next Wednesday to announce an agreement with the Martin Luther King, Jr. Estate to launch a new publishing program called, The King Legacy.
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Meredith to Promote Cookbooks on Social Networking Site
In January, Meredith Corporation quietly launched Mixing Bowl, a social networking site about cooking. Emphasizing user-generated content, the site invites home cooks to exchange recipes, share photos, participate in contests and post messages. Now, Meredith is beginning an aggressive marketing campaign for Mixing Bowl, start a companion print magazine—and start launching cookbook authors through the site.
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Cooking the Books with the Neelys
Pat and Gina Neely co-own two Neely's Bar-B-Que restaurants in Memphis and one in Nashville, and star in Down Home with the Neelys on the Food Network. Knopf published their first book, Down Home with the Neelys: A Southern Family Cookbook, earlier. They stopped in New York on their 13-city tour, and squeezed in a few minutes to talk to PW and offered a few tips for summertime grilling: have fun and don’t forget the cocktails.
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