The News Corp publishing unit has expressed interest in acquiring CBS Corp‘s Simon & Schuster book unit, according to the Wall Street Journal. If true, the overture comes less than a month after News Corp reportedly jumped in the bidding for Pearson’s Penguin book label with an offer the Sunday Times Of London says was for about $1.6 billion, as consolidation is being seen as a way to best transition the industry to digital platforms. Penguin later merged with Bertelsmann’s Random House. The WSJ, which is also owned by News Corp, reports HarperCollins-Simon & Schuster talks are preliminary. Any News Corp publishing entity would reside in its soon-to-be-split-off publishing company along with Rupert Murdoch’s newspapers and education businesses.
The Fox Group is bringing back the Fox Writers Intensive, the program for experienced writers with diverse backgrounds, ethnic minorities as well as LGBT, foreign-born and others, which debuted last year. The Fox network was the program’s main backer in its inaugural edition. This time around, the initiative is being expanded to other News Corp. divisions and will provide participants with opportunities in book development and publishing at HarperCollins, as well as the chance to apply on a first-look basis for the Fox Writers Studio, a yearlong think tank of salaried screenwriters working together to produce original feature films for 20th Century Fox Film. This year’s initiative will also feature development support from 20th Century Fox TV and FX, which, along with Fox Broadcasting Co., will purchase and develop the winning finalist’s original script.
News Corp is jumping into the bidding for Pearson’s Penguin book imprint, according to News Corp’s Sunday Times of London. News chairman and CEO Rupert Murdoch “has indicated he will make a substantial cash offer — thought to be about …
It could be a fascinating anti-trust case according the details reported by The Wall Street Journal. The paper says that the Justice Department is gearing up to sue Apple and five top publishers — Simon & Schuster, Hachette, Penguin Group, Macmillan, and HarperCollins — for conspiring to fix e-book prices around 2010 when the tech company introduced its iPad. The group allegedly wanted to end Amazon’s practice of selling e-books for a deeply discounted $9.99, part of the company’s strategy to promote sales of its Kindle e-readers. Hoping to loosen Amazon’s grip on the market, and help its new iPad, Apple encouraged publishers to stop selling books wholesale — which enabled retailers to set the selling price– and to adopt a so-called “agency model.” That empowers publishers to set the sales price, and pay retailers a fee of about 30%. The late Apple CEO Steve Jobs told biographer Walter Isaacson that he told publishers “the customer pays a little more, but that’s what you want any way.” He added that
Is Roger Ailes thinking about stepping down from his gig as chief of Fox News? That’s a possibility, New York Magazine says in a report about his plans to write an autobiography as he enters “a legacy-burnishing phase …
NEW YORK–(BUSINESS WIRE)– HarperCollins Publishers today announced that it has entered into a definitive agreement to acquire Thomas Nelson, Inc. for an undisclosed sum. The acquisition, which is expected to close by the end of the calendar year, is subject to regulatory clearances and other customary closing conditions.
Thomas Nelson is one of the leading trade publishers in the United States. The Company provides multiple forms of inspirational content including: books, Bibles, e-books, journals, audio, video, curriculum and digital applications available for download on “smart” electronic devices. It has published some of the bestselling books in the industry, including the current #1 bestseller Heaven Is For Real, and the books of many popular authors, such as Billy Graham, Max Lucado, and Dave Ramsey.