July 13, 2010 |
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.
April 11, 1988 |
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.
August 13, 1997 |
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.
April 11, 2012 |
WASHINGTON -- Antitrust officials are expected to announce Wednesday that they are filing suit against Apple Inc. and five major book publishers for allegedly colluding to fix the price of e-books. News reports said the Justice Department sued Apple, along with Macmillan, Simon & Schuster, HarperCollins, Hachette and Penguin. Atty. Gen. Eric Holder and the head of the Justice Department's antitrust division, Sharis Pozen, have scheduled a news conference in Washington for 9 a.m. PDT to announce "a significant antitrust matter.
April 11, 2012 |
The Justice Department and attorney generals from 16 states sued Apple Inc. and five major book publishers, alleging they colluded to raise the price of electronic books. The government said the conspiracy cost consumers more than $100 million over two years and added $2 to $5 to the price of new releases and bestsellers. Here are answers to some questions related to the case: Who are the publishers? Three of the publishers -- Hachette, HarperCollins and Simon & Schuster - have settled with the federal government.