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Holtzbrinck Posts Sales Hikes
Total revenue at Holtzbrinck rose 7.5% in 2006, to 2.24 billion euros ($3 billion), according to a recent post on the privately held German publisher’s Web site.
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Holtzbrinck Podcasting for Profit
Holtzbrinck has established an online network dedicated to downloadable audio snippets dubbed Quick and Dirty Tips. The move marks the first attempt by a publisher to establish a money making podcast business.
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Cash Succeeds Griffin at Holiday House
Holiday House has named Mary Cash its new editor-in-chief, succeeding Regina Griffin who is leaving the company.
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Reidy Ready to Run S&S
CBS CEO Leslie Moonves said he expects a smooth transition over the next several months as Jack Romanos turns over the CEO duties at Simon & Schuster to Carolyn Reidy, who has headed the publisher's adult publishing group since 2001. With S&S currently enjoying a run of several highly profitable years, Moonves said continuity was important in the selection of Reidy.
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Amazon Tries Self-Publishing
Amazon's launch last month of the online self-publishing service Books on Demand (PW, Aug. 13) is the most recent example of how the e-tailer is leveraging several existing divisions and programs to create a business in a new market. Although it's part of Amazon's CreateSpace division, Books on Demand has ties to Amazon's POD publisher BookSurge as well as to the company's Content Acquisition Program.
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Akashic Takes Black Goat
Poet and novelist Chris Abani has found a new home for Black Goat, the poetry imprint he founded in 2004 and continues to direct. Originally launched under California-based Red Hen Press, Black Goat is now an imprint of Brooklyn indie publisher Akashic Books, the house that published Abani's novella Becoming Abigail and his forthcoming novella Song for Night.
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AuthorHouse Acquires iUniverse
AuthorHouse, the Bloomington, Ind-based self-publisher backed by the private equity firm Bertram Capital, has acquired competitor iUniverse.
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Rodale and Al Gore Team Up for New Book in Spring ’08
Rodale hopes to duplicate the success of An Inconvenient Truth with The Path to Survival.
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Is Borders at a Tipping Point?
Borders Group CEO George Jones used the strong revenue gains posted by the retailer in the second quarter to tout the progress the company has made to analysts in Borders's quarterly conference call. Among the signs of improvement Jones pointed to were the retailer's first positive same-store sales at Borders superstores in a year (0.
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Columbia U Press and Columbia B-School Form Imprint
Columbia Business School and Columbia University Press have joined forces and will begin publishing under a new imprint, Columbia Business School Publishing, in October. The imprint will publish books, cases, periodicals and other works in finance, economics and other areas of business scholarship.
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‘Hallows’ Boosts Borders, but Charges Increase Loss
Borders Group reported solid sales gains for the second quarter ended August 4, but a number of one-time items led to a higher loss than a year ago. Total revenue rose 10.4%, to $945.1 million, and the net loss increased to $25.1 million from $18.4 million.
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A Flurry of Sales
A Caltech physics professor's fascination with the physics of snowflakes has become a hot-selling franchise for Minnesota's Voyageur Press, one of three imprints of MBI Publishing in St. Paul. Published with an 18,000-copy initial print run in November 2003, The Snowflake: Winter's Secret Beauty by Dr.
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Led by ‘Hallows,’ B&N’s Sales Rose 7.6%
With Barnes & Noble selling a total of 2.1 million copies of Harry Potter and the Deathly Hallows in the second quarter, sales in the period rose 7.6%, to $1.2 billion. Store sales were up 7.3% and online sales rose 17.9%. Comparable sales through its stores were up a total of 4.4%, and 1.0% excluding Hallows.
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Bantam Dell Tries Dual Format Publishing with New Imprint
Random House division Bantam Dell is launching a new imprint, Bantam Discovery, that that will release one title every month, simultaneously in both mass market and trade paperback. The general fiction imprint, set to begin publishing in February 2008, will, it's hoped, address the format dilemma many publishers face.
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B&N Won’t Stock If I Did It in Stores
While Amazon and Barnes & Noble.com will sell If I Did It on their sites, B&N will not carry the book in its traditional bookstores. A company spokesperson said B&N's buyers felt there will not be enough demand for the title to stock the book. Borders will carry the book, but not promote it.
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Harwood Joins Borders
Former head of IT at Books-A-Million Susan Harwood has joined Borders Group in a similar role.
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Harper Adds iPhone App to Browse Inside
A new feature to HarperCollins' Browse Inside service will allow iPhone users to search a few chapters of 14 books in a pilot program.
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Bennett Books to Close
Bennett Books, which has been operated for 19 years by John and Betty Bennett in Wycoff, N.J., will close by the end of September. John Bennett cited higher rent and lackluster sales as the reasons behind the decision.
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HarperCollins ’07 Sales: $1.34B
Led by the general books division, HarperCollins annual revenues rose to $1.34 billion for the fiscal year ended June 30, a slight increase over the $1.31 billion reported in fiscal 2006. Operating income for fiscal 2007 declined by $8 million, to $159 million, and operating margin dropped to 11.8% from 12.
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Big Earth Gobbles Up
Three years after launching Big Earth Publishing in the small town of Neenah, Wisc., 100 miles north of Milwaukee, David Oskin is steadily expanding his niche—and in the process, creating a viable new business model. Despite a lack of any previous publishing experience, the former Appleton Coated paper company executive already is seeing positive results in the venture he embarked on in 2...
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