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Amazon posts third quarter loss, bigger than expected

Oct 26 2012: Amazon posted a third quarter net loss of $274 million on a sales increase of 27%, to $13.8 billion. The loss was higher than analysts had expected and was attributed to a host of investments, ranging from new Kindles to new warehouses.

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Penguin and Random House in merger talks

Oct 25 2012: Pearson has confirmed that it is in talks with Bertelsmann regarding a potential merger between Penguin and Random House. It would be the first major structural shift in the global publishing industry since 2006 when French media firm Lagardère acquired Time Warner Book...

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Over half of 16 to 29 year olds use their local public library

Oct 23 2012: 83% of Americans between the ages of 16 and 29 read a book in the past year. Some 75% read a print book, 19% read an e-book, and 11% listened to an audiobook.

60% of Americans under age 30 used the library in the past year. Some 46% used the library for research, 38%...

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Newsweek to end its print edition after 80 years

Oct 18 2012: Newsweek will end its print edition on December 31st, after 80 years of continuous publishing. The magazine will continue to have a presence in digital format in partnership with The Daily Beast.

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Man Group dropping sponsorship of Asian Literary Prize

Oct 18 2012: The Asian Literary Prize is looking for a new sponsor as Man Group plc, also the sponsor of the Booker Prize, is to cease its funding as of March 2013.

Professor David Parker, executive director of the prize, said today: "I would like to thank Man Group for the ...

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Johnny Depp and HarperCollins partnering to publish books

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 ...

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Hilary Mantel wins 2012 Man Booker Prize for the second time

Oct 16 2012: Hilary Mantel has won the 2012 Man Booker Prize for her historical novel, Bring Up the Bodies. This is the second time Ms Mandel has won the prize, after winning with Wolf Hall in 2009. It is the first time the Committee has awarded the prize to a sequel, and the first...

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Judge says Google scanning is fair use

Oct 11 2012: In a major ruling, Federal judge Harold Baer has tossed the Authors Guild case against the HathiTrust. In granting the HathiTrust’s motion for summary judgment, Baer ruled that the scan program was a clear fair use under the copyright law, and in the process dealt a ...

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