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Kensington to Introduce Larger Mass Market Format
This bigger mass market paperback will make “for a more comfortable reading experience," said Kensington CEO Steve Zacharius, who noted that, with sales of the traditional format in steady decline, he believes the larger size could revitalize the format.
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Craft, DIY, and Activity Books Buoy Publishers During Coronavirus
The coronavirus pandemic has disrupted all aspects of book publishing, from putting pressure on sales channels to changing the kinds of books consumers want. A number of independent publishers have pivoted to meet the demand for books in newly popular categories and formats.
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Publishers and Literary Organizations Seek Donations to Survive
Cinco Puntos Press launched a GoFundMe campaign to raise $250,000, as did Small Press Distribution, which is seeking $100,000. Lambda Literary, the LGBTQ-focused group, is asking for $175,000 to survive.
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EDC Gets Paycheck Protection Loan
Educational Development Corporation announced it received a $1.44 million loan under the Paycheck Protection Program. The company has seen a drop in sales in its publishing division, although business in its direct-to-consumer group has increased.
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Indie Publishers, Booksellers Waiting for CARES Act Relief
As small businesses around the country await funds from the landmark Coronavirus Aid, Relief, and Economic Security Act, indie publishers and booksellers are having mixed experiences trying to secure this financial lifeline.
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Rallying Around #BooksAreEssential
Are books essential items? Many in the industry, including 'PW,' think that the role they play in the well-being of American culture makes it clear that they are. These industry figures agreed.
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What Book Orgs Are Doing to Help the Biz Through Covid-19
Trade associations and other organizations have stepped up to provide information and resources to help those in the book publishing industry navigate the crisis. Below is an overview of what a number of groups are doing.
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Elena Ferrante’s Publishers Discuss Her New Novel
In the U.S., 'The Lying Life of Adults' won't be published until September 1, after a delay caused by Covid-19—but its publishers, here and worldwide, still have high hopes for the book.
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As the Pandemic Rages, Reedpop Looks Toward 2021
The coronavirus raised too many hurdles to make BookExpo viable this year, organizers say. Now the company is looking for ways to fill the void, and toward a new year.
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Authors Guild Finds Writers Are Losing Significant Income
A survey by the Authors Guild of its members found a majority of authors had already lost significant income due to the ongoing pandemic, led by lost fees from appearances and writing opportunities.
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Agents Weigh Whether to Submit Projects During the Pandemic
As a plunge in sales caused by the recent coronavirus outbreak forces publishers to tighten their purse strings, agents are struggling with a new wrinkle to one of their age-old dilemmas: when to submit their clients’ new manuscripts.
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15 New and Forthcoming Indie Press Gems
You may be stuck at home, but you can still expand your literary horizons. It's a golden age for small, independent presses working to cultivate great writers and to push our literary boundaries. PW rounds up some of the best new and forthcoming books published by a range of standout small presses.
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NEA Offering $75 Million to Nonprofits to Save Jobs
The National Endowment for the Arts is now taking applications for $75 million in grants to nonprofit arts organizations to combat job losses related to Covid-19. Grants are fixed at $50,000 for individual nonprofits.
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PRH UK Starts Furloughs
Penguin Random House UK is the latest U.K. publisher to take cost out of the business in the face of the Covid-19 pandemic.
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New Works by Writers with Disabilities Hit Publisher Lists
For the first time, a spate of new and forthcoming titles written by people with disabilities across the United States suggests that the publishing industry may finally be amplifying their voices and stories.
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Coronavirus Concerns Prompt Cost Cuts
The steady erosion of book sales is impacting all parts of publishing as the Covid-19 pandemic tightens its grip on the U.S.
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Fast-Growing Independent Publishers, 2020
Mango Publishing tops the list for the second year in a row, while other presses are finding their own paths to move ahead.
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New Releases Struggle to Find an Audience
Last week, six new adult fiction titles were among NPD BookScan's top 50 print bestsellers. Three weeks ago, 15 new releases made the top 50 list. The situation was similar for new adult nonfiction titles.
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Macmillan Lays Off Some Staff, Temporarily Cuts Some Salaries
Macmillan Publishers has laid off an undisclosed number of employees across all divisions, temporarily reduced pay for select employees, and implemented a hiring freeze, effective April 2. As a result of the layoffs, the Thomas Dunne imprint has been shuttered.
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Bertelsmann Now Owns 100% of PRH
Bertelsmann has completed the acquisition of Pearson's remaining 25% stake in Penguin Random House, making it the sole owner of the world's largest trade publisher.
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