May 10, 2006 |
Faced with years of slow and even declining sales, the publishing industry has finally responded in kind. For the first time since 1999, the number of new books is going down. "In 2005, publishers were more cautious and disciplined when it came to their lists," Gary Aiello, chief operating officer of Bowker, which compiles publishing statistics, said Tuesday in a statement. "We see that trend continuing in 2006.
May 31, 2008 |
As publishers pray for a new children's series to equal Harry Potter and await the next novel by "The Da Vinci Code" author Dan Brown, a report released Friday predicts a tight market for at least the next few years. The Book Industry Study Group, a nonprofit organization supported by the publishing industry, projects a 3% to 4% growth through 2011, when revenue should top $43 billion. The BISG expects little change in the actual number of books sold. "The hits will keep doing well, but other books will have troubles," said BISG senior researcher Albert N. Greco, a professor of marketing at the Fordham University Graduate School of Business.
January 4, 1989 |
Further consolidating the $1-billion-a-year music publishing industry, CBS Records has acquired Nashville-based Tree International Publishing, long considered the top country music publisher and the last locally owned publishing company in the country music capital.
February 18, 2014 |
In spinning off its publishing business, Tribune Co. will pick up a dividend that could be about $325 million from the new public company, which would consist of the Los Angeles Times, the Chicago Tribune and six other daily newspapers. Although the exact amount won't be determined until the separation agreement is final, expected in midyear, Tribune has indicated that the dividend it would receive from Tribune Publishing Co. would be worth about $325 million. That figure is contained in a document related to Tribune's purchase in December of a group of television stations.
June 4, 1990 |
Robert Maxwell, a leading publisher in Britain who has gone on a buying spree in the U.S. publishing industry in recent years, said today he is in talks to buy a major American newspaper. Maxwell, speaking at the annual meeting of one of his companies, Berlitz International Inc., declined to identify his target but said the property is valued "obviously in the mid-hundreds of millions." Speculation centered on the Tribune Co.'s high-circulation but marginally profitable New York Daily News.
February 24, 2006 |
Author James Frey, who admitted last month that he made up much of his bestselling memoir "A Million Little Pieces," has been dropped by his publisher, Riverhead Books, Frey's representative said Thursday. Frey's unmasking and public confession to Oprah Winfrey, whose endorsement catapulted the drug-rehab memoir to the top of the bestseller list, has rocked the U.S. publishing industry, stirring debate about the nature of memoirs and the importance of accuracy.
April 17, 1997 |
Publishing industry observers were startled Wednesday by the announcement that Landon Y. Jones Jr., the top editor of People magazine for more than seven years, is moving to a corporate position within Time Inc. Jones, whose title is managing editor, will be succeeded by Carol Wallace, who has been deputy managing editor for three years and has presided over such annual franchises as the "50 Most Beautiful People" issue. People has a weekly circulation of 3.
February 9, 1991 |
The book business has a message for Cable News Network's Peter Arnett: "Phone home." Arnett, who has stirred controversy with his dramatic if heavily censored reports from bomb-plagued Baghdad, is suddenly one of the publishing industry's hottest commodities--in absentia. Hungry editors and agents are convinced that an uncensored, no-holds-barred book by the veteran war correspondent would be an enormous seller both in the United States and abroad. "He's perfect. He's right there.
November 7, 1997 |
Stephen King's novels have sent a shiver up readers' spines for more than 20 years. His new book deal may have a similar effect on publishers. Viacom Inc.-owned Simon & Schuster said Thursday that it had struck an unprecedented deal with King, whereby he will take a smaller-than-expected advance in exchange for sharing half the profit generated by his next three books.