People Latest dope on AOLTWP: with funding tight, Perseus is said to be out of the running, while Random, which raised some capital recently and is looking for a deal, is the likeliest purchaser. Meanwhile, in the latest reshufflings: RH Value Publishing’s President Lynn Bond has left the company, following in the wake of the…Continue Reading
BookExpo America Lands in LA, With Bouts of ‘Book Fair Fatigue’ By nearly all accounts, it’s a beastly time for a book convention. You’ve got the gangrenous economy. War-torn travel itineraries. SARS shut-downs. And cash-strapped rep groups (who’ve already splurged for sales conferences on the east coast). Throw in a liberal dose of what some…Continue Reading
Beefing Up Special Sales, Publishers Surf the Downturn Be it a defensive maneuver, market opportunism, or plain necessity, a number of major book publishers are blocking and tackling their way into nontraditional retail accounts like never before. And no wonder, you might say. “You look at the relative flatness in the book trade, and it’s…Continue Reading
Ingram Book Group Scans for Growth, As Rivals Grab Core Market Share The last decade must have felt a little like the spin-cycle hit Ingram Industries Inc., that constellation of “books, boats, and bad drivers” (as one wag has put it) that began as an old-economy barging concern and now controls a large share of…Continue Reading
MP3 Audio Is the Next Big Thing. Unless It’s Audiobook Suicide. The average Los Angeles motorist now spends 136 hours per year sitting stock-still in traffic, according to the landmark Texas Transportation Institute study, and audiobook publishers are thrilled. Indeed, the apocalyptic fate of our nation’s highway infrastructure is rehearsed by audio industry brass with…Continue Reading
PT’s Savvy Commentators Ponder the Fallout from Another Year in Publishing As we surveyed the smoking turf from another twelve months in the book business, it struck us that this year’s pinnacles and pratfalls were decidedly in the eye of the beholder. We asked a number of savvy publishing personalities to offer their take on…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
Today’s $50 Lifestyle Books Just Might Be Worth Every Penny Early this year, the illustrated book market was declared dead, or at least mutilated (blame the blood-curdling discount battle between Könemann and Taschen), with high-end art houses such as Abrams, Abbeville, and Rizzoli said to be wallowing hip-deep in a glut of coffee-table books. Just…Continue Reading
As Riggio Guns for Lower Prices, There’s No Sure Cure for Sticker Shock Pantyhose, Len Riggio once said, lecturing publishers on the finer price points for L’eggs, sell blissfully at $6.99. But books are not leggings. And if publishers think $6.99 is a good price for the upscale products in bookstores, they’re hosed. Moreover, he…Continue Reading
As the great mother ship BookExpo America prepares to set down in New York City on May 1, and the wall-to-wall lineup of bashes, fests, and sundry galas has us all excruciatingly triple-booked, Publishing Trends checked in with a number of show veterans to see whether this year’s industry summit will be a whirlwind of…Continue Reading
