PEOPLE Following the doldrums of December, January brought some major moves, including Michael Jacobs’ sortie from Scholastic, and David Steinberger’s installation as the President and CEO of the Perseus Books Group. Movement is everywhere: Random House has combined its two separate retail sales forces into a single unit, resulting in the departure of at least…Continue Reading
Despite being ritually deemed “the bane of the publishing industry” and “one of the costliest aspects of the business,” the problem of book returns remains an estimated $7 billion thorn in the industry’s side. Last year, BISG figures show, the average adult trade hardcover return rate was 37.5%, up 3% from the year before. Publishing’s…Continue Reading
PEOPLE We will skip over the Thomas Middelhoff debacle, and move on to some moves that are less well covered, including that by a Middelhoff chronicler: The NYT’s David Kirkpatrick is leaving the Book Beat, to cover media, focusing on AOL Time Warner, along with Vivendi, Bertelsmann, and News Corp. His replacement will be named…Continue Reading
PEOPLE Candy Lee, formerly CEO of Troll Communications, has joined iFormation Group as the MD of Sales & Marketing. Launched in June 2000, iFormation is a partnership of The Boston Consulting Group, General Atlantic Partners, and Goldman Sachs that partners with “the world’s leading companies by investing in and operating new technology businesses that leverage…Continue Reading
Publishers Scrimmage Amid Dwindling Mass Market Suppliers The idiom of mass market book sales pops with so much merchandisers’ slang you could almost mistake it for a new extreme sport. You got your “lane blockers,” your “waterfalls,” your “power wings” and “gravity sleeves.” There are “clip strips” dangling product ready-to-hand, and “candyless checkouts” cheered by…Continue Reading
The Digital Rights Management & Digital Distribution for Publishing conference in New York on February 23–24 was something of a set piece ripped straight out of an early Ionesco script, with non sequitur following hard on the heels of non sequitur. Digital rights vendors continued to perform feats of creative visualization (“This is going to…Continue Reading
