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Publishing Industry

May 31, 2008 | From the Associated Press
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 | Wm. K. KNOEDELSEDER Jr., Times Staff Writer
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.
March 5, 2008 | Scott Timberg and Josh Getlin, Times Staff Writers
As the publishing world reeled over yet another faked memoir -- this one by a supposed former drug-running foster child from South-Central Los Angeles who was actually raised by her middle-class family in Sherman Oaks -- those involved with the book's publication tried to explain how they fell for the deception. "Love and Consequences" tells the story of a part Native American L.A.
June 4, 1990 | From Times Wire Services
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 | From Reuters
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 | PAUL D. COLFORD
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.
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.
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.
June 2, 2007 | From the Associated Press
For the foreseeable future, book sales are looking flat. According to the latest report from the Book Industry Study Group, released Friday, dollar sales and the number of books sold will increase by small levels through 2011, rising by 3% or less each year. The book business totaled $35.7 billion in 2006, a 3% increase over the previous year. The number of books sold rose to 3.1 billion, an increase of just 0.5%.
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