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.
May 24, 2008 |
Microsoft Corp. is ending a program that lets Web users search through digital versions of books, ceding the market to Google Inc. The move will allow Microsoft to focus on other types of Internet searches, such as travel listings, Senior Vice President Satya Nadella said in a blog posting Friday. Spokesman Scott Trepanier declined to say how much Redmond, Wash.-based Microsoft had spent on the book project. "We recognize that this decision comes as disappointing news to our partners," Nadella said.
March 24, 2008 |
NEW YORK -- The latest report about the publishing industry doesn't compile sales figures, track the market for fiction or lament the future of reading. It does tell a great deal about books -- not what they say but what they're made of. "Environmental Trends and Climate Impacts" is an 86-page summary, printed on 50% post-consumer recycled paper and full of charts about fiber, endangered forests and carbon footprints. The news: The book world, which uses up more than 1.
March 6, 2008 |
In brief remarks Wednesday to the annual meeting of the Assn. of American Publishers in New York, First Lady Laura Bush called books her "greatest love affair" and warned that a "nation that does not read for itself cannot think for itself." Bush, a former librarian whose advocacy of books and literacy have long made her popular in the publishing industry, cited such fictional characters as the Brothers Karamazov and "an intriguing man named Gatsby" and worried that many Americans had never heard of them.
CALIFORNIA | LOCAL
March 5, 2008 |
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.
March 4, 2008 |
Former book publisher Judith Regan, who in January settled a lawsuit against Rupert Murdoch's News Corp. for an undisclosed sum, was sued by her former lawyers, who say she fired them after the settlement and owes them legal fees. In a complaint filed in New York Supreme Court in Manhattan, the law firm, Dreier, alleges Regan retained it to represent her in February 2007 and agreed to pay 25% of any money she recovered as a result of a judgment or settlement. Dreier represented Regan in a suit related to her dismissal in 2006 from News Corp.
January 28, 2008 |
As the writers strike drags on, there's at least one small corner of the industry that hasn't been grinding to a halt over the last months: literary departments at the major talent agencies, which are getting inundated with book proposals and story ideas for novels from out-of-work screenwriters.
January 22, 2008 |
The Orange County Register is killing its daily stand-alone business news section, the latest sign of the financial pressures affecting U.S. newspapers. Business news will be carried inside the paper's main news section Monday through Saturday, effective Jan. 30, the Register reported on its website Monday, and the Monday business tabloid will be discontinued after next week's edition. Stock and mutual fund listings will "largely be eliminated," the paper reported.
December 24, 2007 |
NEW YORK -- It was an almost perfect media firestorm, with a literary twist: Political daggers began flying recently when rumors spread that Scott McClellan, former White House press secretary, was going to confess in a new book that he had unknowingly made false public statements about the outing of CIA operative Valerie Plame. And he claimed he wasn't acting alone -- he had done so with the involvement of top officials, including the president himself.