The words “disaster,” “nightmare,” and “terrifying” pop up when talk turns to the company-wide software systems that several large US publishers began to adopt in the last decade. In this article James Lichtenberg, President of consulting firm Lightspeed, LLC, finds that the dot-com boom may be over, but for some publishers, the information age is…Continue Reading
Your Guide to Cost-Cutting Without Lopping Off Heads Now that synergy’s been debunked, and good old Thomas Middelhoff has been spun off, the publishing world has settled down to the rather more prosaic task of whittling away at its already bare-bones cost structure. “It’s clear there is retrenchment,” as one public relations executive says, but…Continue Reading
PEOPLE After 15 years at Reader’s Digest, most recently as VP Global Director, Global Books & Home Entertainment, Alfredo Santana will be leaving the company. He may be reached via email at siempre@attglobal.net or at (212) 781-0632. Santana tells PT that he will attend Frankfurt this year, his eighteenth. Gerry Helferich, who recently left Wiley,…Continue Reading
PEOPLE Heads rolling in and rolling out: Marco Ausenda, who comes from Touring Club Italia, will replace Antonio Polito as the head of Rizzoli US, reporting to Giulio Lattanzi. . . Jean-Marie Messier’s still running Vivendi, but of course major changes at Houghton Mifflin: Teri Kelly succeeds Wendy Strothman as SVP and head of trade…Continue Reading
Now that a flock of formerly high-flying technology vendors has gone down in flames (Reciprocal and Digital Goods: remember them?), it may seem odd that a 50-person business based in London should be winging toward the publishing sector. But that’s just what SealedMedia is doing, having scored $16.5 million in a third round of funding…Continue Reading
PEOPLE More Random House movement: Craig Virden, who has been President of RH Children’s and before that, BDD Books for Young Readers, is leaving. Crown’s Chip Gibson will take over, with Rich Romano as his EVP. Meanwhile Jenny Frost, now heading up Random Audio (which she will continue to run), will take over Crown Publishing…Continue Reading
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 Layoffs are the order of the day, though mergers, not the economy, seem to be the main reason. DK has laid off about 25 people, with more to come. Meanwhile, the move down to Hudson Street has been postponed, apparently as a cost-savings measure. No word yet on Phyllis Grann’s plans, though Random House…Continue Reading
PEOPLE HarperCollins has announced the long-awaited restructuring of its sales department: Josh Marwell has been named SVP Sales, with specific responsibility for Harper Trade Adult and overall corporate responsibility for special sales and sales operations (Business Manager Jeff Meltzer will report to him). Andrea Pappenheimer, SVP Sales, Children’s Publishing, and George Bick, VP Sales Morrow/Avon,…Continue Reading
Advance publicity for this year’s Toy Fair generated all the thrill of a wet blanket, with announcements rolling in from industry giants Mattel and Hasbro that their presence at the 98-year-old show will be significantly notched down in 2002. As talk of “downsizing” and “retrenching” swirled in the press, we were also treated to the…Continue Reading
