Sales of Book Businesses Plummet, But the Big Keep Getting Bigger In the third quarter of this year, merger and acquisition activity in trade book and other consumer publishing segments plummeted more than 40%, according to industry figures tracked by investment banking firm Whitestone Communications. Despite a flurry of speculation over sales — for example,…Continue Reading
PEOPLE Phyllis Grann’s imminent departure from Penguin Putnam took almost everyone aback, and unnerved more than a few long-time Putnam folks. In other PP news, Sean Moore has left DK US, where he was VP Publisher of the Adult division. He may be reached at 914 591-3220. David Ford came to New York over the…Continue Reading
PEOPLE There’s been major movement in publishing these last few weeks of summer, which PT will recap for those who have been literally or figuratively out of it: Kara Welsh has been named VP, Publisher of New American Library, reporting to Leslie Gelbman. She was VP, Deputy Publisher at Pocket Books. And Therese Burke, formerly…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
Are Bulked-Up Book Distributors The Industry’s Next Goliaths? Time was, you would call a guy like Gilbert Perlman a book distributor. The warehouse, the sales staff, the publishing clients, even the name on the door — Client Distribution Services — all fit the modus operandi of firms schlepping books from the presses to the masses….Continue Reading
