Saturday, April 25, 2015

The Roundup with PW

Scholastic Selling Tech Group to HMH
Scholastic has reached an agreement to sell its educational technology group to Houghton Mifflin Harcourt for $575 million. The company will reinvest the proceeds from the sale—expected to be between $360 to $370 million--in its remaining core businesses. more »
BAM Launches Self-Publishing Site
BAM! Publishing DIY will allow authors to create, edit and publish their own work, and sell it on major retail sites. more »

Bookselling Roundup, Week Ending April 24, 2015
This week, U.K. chain Waterstones introduced a watch that consumers can use as a reading device; Vermont mini chain Phoenix Books announced a new store for Rutland; and more. more » »

Books to Read Once in Your Lifetime: Business Insider gathered the top 35 responses to a question posed on Reddit: "What is a book that everyone needs to read at least once in their life?"
'Fifty Shades' Sequels in 2017, 2018: “We’re making this a Valentine’s Day event,” said Universal Pictures chair Donna Langley at CinemaCon.
French Author Who Has Happiness Down: Frederic Lenoir's 'Happiness: A Philosopher's Guide' was a bestseller when it was released in France last fall, and this month, it's been published here, in English, courtesy of Melville House.
Denying NYC Libraries the Fuel They Need: "Over the last decade, they have not gotten anywhere near the kind of capital funding enjoyed by sports teams," writes Jim Dwyer, at the 'New York Times.'
Germany to Legislate Fixed E-book Prices: The country's Federal Ministry of Economics has released a draft to include electronic publications into the law governing the resale prices of books. 
Amazon Has First Quarter Net Loss
Amazon had a first quarter net loss of $57 million, despite a 15% sales increase, to $22.72 billion. more »


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