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ENTERTAINMENT
July 13, 2010 | By Sarah Weinman, Special to the Los Angeles Times
It was an improbable Cinderella story. "The Shack," William Paul Young's novel about a man rediscovering lost faith after the murder of his 5-year-old daughter, started out as a manuscript no one would touch. Finally, pastors Wayne Jacobsen and Brad Cummings discovered the book and created a start-up, Windblown Media, to publish it. The novel sold a million copies for them in the first year, eventually ending up at No. 1 on the New York Times' trade paperback bestseller list. Then Hachette Book Group got involved.
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BUSINESS
April 11, 1988 | Associated Press
French media giant Hachette SA reached an agreement to acquire Grolier Inc. for $448.6 million after sweetening its buyout offer for a second time. The companies announced a definitive merger agreement on Sunday and Grolier's board scheduled a meeting today to vote on the all-cash buyout proposal, which Hachette raised from its earlier $444-million cash buyout offer. Under the agreement, a subsidiary of Hachette, France's biggest publisher and the second-largest in Europe, would pay $24.
BUSINESS
August 13, 1997 | From Reuters
A French media company sued Miramax Films Corp. on Tuesday for $8 million it claims the U.S. company failed to pay as an advance for the rights to an award-winning movie it produced. Hachette Premiere & Cie, in papers filed in U.S. District Court in Los Angeles, is also seeking to have Miramax barred from distributing the film, "She's So Lovely," in the United States. A spokesman for Miramax was not immediately available for comment.
ENTERTAINMENT
November 28, 2007 | From the Associated Press
The memoirs of Sen. Edward M. Kennedy, the youngest and last surviving brother of the country's most famous political siblings and for decades an eminent liberal statesman and legislator, have been acquired by an imprint of the Hachette Book Group USA. Financial terms were not disclosed, but a publishing official with knowledge of the negotiations said the agreement was comparable to the $8 million that Sen.
BUSINESS
July 26, 1991 | MICHAEL FLAGG
The company that publishes Car and Driver and Road & Track said Thursday that both magazines will now have one publisher but denied the move is a step toward combining the publications, as it recently did the nation's two largest motorcycling magazines. Hachette Magazines Inc., the U.S. unit of a giant French media concern, said Car and Driver publisher Donald M. Hufford will also hold that position at Road & Track.
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