Nov 21 2012
Having lost out on their prospective bid to buy Penguin (which is to merge with Random House), News Corp, who already own Harper Collins, appears to have its eyes on Simon & Schuster which is currently owned by CBS Corp.
Currently, Random House, Penguin, Hachette, HarperCollins, Simon & Schuster and Macmillan are considered the "Big Six" publishers. With the likely merger of Penguin and Random House, and the possibility of a merger of Simon & Schuster and Harper Collins, will we be looking at a market dominated by the "Big Two" plus Amazon?
Nov 07 2012
European Union regulators will accept an offer by Apple and four publishers - Simon & Schuster, HarperCollins, Hachette and Holtzbrinck, parent company of Macmillan - to end an antitrust probe into e-book pricing,
Oct 29 2012
In a deal that had been months in the making, Pearson and Bertelsmann announced Monday morning that they have signed an agreement to form a joint venture that will combine the businesses of Random House and Penguin. The deal, which is expected to close in the second half of 2013, will make Penguin Group chairman John Makinson chairman of the newly named Penguin Random House company, while Random House chairman and CEO Markus Dohle will be CEO.
The deal scuttles a News Corp. 1 billion UK pounds ($1.62 billion) offer to buy Penguin that News Corp.'s Times of London said yesterday was going to be made this week. Such a deal would have combined Penguin with News Corp.'s HarperCollins and would have been an outright purchase.
Oct 16 2012
Actor Johnny Depp is partnering with HarperCollins to start an imprint, Infinitum Nihil ("Nothing is forever"), that will seek "authentic, outspoken and visionary ideas and voices," the Associated Press reported. Depp's imprint shares its name with his production company.
"I pledge, on behalf of Infinitum Nihil, that we will do our best to deliver publications worthy of peoples' time, of peoples' concern, publications that might ordinarily never have breached the parapet," Depp said. "For this dream realized, we would like to salute HarperCollins for their faith in us and look forward to a long and fruitful relationship together."
Aug 30 2012
The Hachette Book Group, HarperCollins, and Simon & Schuster have reached a $69 million agreement that will resolve lawsuits brought by 54 attorney generals from 49 states, the District of Columbia and territories, that charged the publishers with fixing e-book prices. Under the proposed agreement, which the court must approve, the three publishers will compensate consumers who purchased e-books from the three houses between April 1, 2010 and May 21, 2012.
Jul 23 2012
Despite 92% of the 868 received comments opposing the settlement, and most of those against appearing to be very similar to an online form letter, the Department of Justice are not budging on their decision regarding the proposed settlement with Simon & Schuster, Hachette and HarperCollins in its e-book price fixing lawsuit.
Jun 26 2012
Nine independent publishers have combined to file joint comments objecting to the pending settlements of the Department of Justice's lawsuit with Hachette, HarperCollins, and Simon & Schuster related to e-book pricing. The publishers noted that while they continue to sell e-books under the wholesale model, they have "benefitted significantly"--along with authors, booksellers and consumers,-- from the ability of the Big Six publishers to adopt the agency pricing model with Amazon, since those arrangements, "contributed dramatically to increased competition and diversification in the distribution of e-books."
Jun 26 2012
News Corp is considering a division into two companies, splitting its publishing assets - including HarperCollins, the London Times and The Wall Street Journal - from its entertainment businesses, according to a report in the News Corp-owned Wall Street Journal.
We must believe in luck. For how else can we explain the success of those we don't like?
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