publishing industry

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Big 5 of American Publishing Could Soon Shrink to 4

Penguin to buy Simon & Schuster

(Newser) - German media giant Bertelsmann said Wednesday that its Penguin Random House division is buying rival Simon & Schuster in a megadeal that would reshape the US publishing industry. Penguin Random House, already the largest American publisher, will buy the New York-based Simon & Schuster, whose authors include Stephen King, Hillary... More »

For Oprah's 20-Year-Old Magazine, a 'Natural Next Step'

No more regular print versions for 'O': It's becoming 'more digitally centric'

(Newser) - After two decades, Oprah Winfrey's namesake publication is undergoing a major shift. O, the Oprah Magazine will cease regular print editions after its December issue, reports the Business of Fashion blog via ETOnline . The brand collaboration between Hearst Magazines and Winfrey's Harpo Inc., which began production in 2000,... More »

Coronavirus May Have Killed Playboy Magazine

Spring 2020 issue will be last of the year, possibly forever

(Newser) - It may not be the first casualty that comes to mind in regard to the coronavirus outbreak, but the Spring 2020 issue of Playboy magazine about to hit the stands will be the last one of the year—and maybe ever. Playboy Enterprises CEO Ben Kohn made the surprise announcement... More »

One of the Top Gigs in Publishing Is About to Open Up

Graydon Carter is leaving 'Vanity Fair' after 25 years at the helm

(Newser) - The New York Times says it's not so much a "changing of the guard," but a "regal passage." Graydon Carter, the editor of Vanity Fair for the past quarter-century, is stepping down in December, vacating one of the most sought-after positions in publishing. "I... More »

Stephen King Adds His Clout to Anti-Amazon Letter

Authors think Jeff Bezos is using bully business tactics

(Newser) - Stephen King, Nora Roberts, and Robert Caro are among the hundreds of authors who have added their names to an online letter criticizing Amazon.com for restricting access to works published by Hachette Book Group. The letter, initiated by Hachette author Douglas Preston, urged Amazon to resolve its standoff with... More »

Amazon Might Doom Itself With Own Success

Evan Hughes: Killing traditional bookstores will harm company in long run

(Newser) - Amazon seems unstoppable right about now, thanks in part to court decisions like this one . On top of that, Barnes & Noble is reeling , as are brick-and-mortar bookstores in general. But Amazon better hold the celebration, because if it puts traditional bookstores out of business, it's only going to... More »

Apple Guilty of E-Book Price-Fixing: Judge

Court rules company conspired with publishers to jack up prices

(Newser) - The verdict in the Apple e-book price-fixing trial is in: the company did conspire with publishing companies to push up prices, says a federal judge. "The plaintiffs have shown that the publisher defendants conspired with each other to eliminate retail price competition in order to raise e-book prices, and... More »

Is This 21-Year-Old the Next Literary Superstar?

Samantha Shannon's 'Bone Season' is out this summer

(Newser) - Samantha Shannon may not be a household name, but her UK publisher thinks she will be sometime in August when her first novel, the Bone Season, comes out. It's the first in a seven-book series set in 2059 London, and Shannon scored a six-figure advance for the first three,... More »

Apple Faces Uphill Battle as Price-Fixing Trial Begins

Judge expects 'direct evidence' of 'conspiracy'

(Newser) - Apple's federal court battle over e-book price fixing begins today, and the company has a tough case to make, observes the Wall Street Journal . The government's claim: Apple made deals with five publishers to boost the prices of e-books before the iPad's 2010 launch. "Stripped of... More »

Publishers Howl as Amazon Seeks .Book Domain

Firm wants to snap up dozens of new names

(Newser) - A big expansion of Internet domain name suffixes is on the way and publishing industry groups are alarmed by Amazon.com's plans to get in on the action, the Wall Street Journal reports. The company is seeking to snap up names including ".book," ".author" and "... More »

Time Warner May Sell Off People, Other Magazines

It would keep Time, Sports Illustrated

(Newser) - Time Warner is contemplating a big shakeup of the marquis magazines under its Time Inc. publishing division, reports Fortune and the New York Times . The media conglomerate is expected to sell People, InStyle, and Real Simple magazines to Meredith Corporation, which already publishes Better Homes and Gardens and Ladies Home ... More »

Random House, Penguin to Merge

Some literary agents concerned

(Newser) - Random House, already the biggest consumer book publisher in the English-speaking world, will get even bigger next year after a planned merger with Penguin. The plans, rumored last week, were confirmed today by the media companies that own the two publishing divisions, Bertelsmann and Pearson. Bertelsmann, the Random House owner,... More »

Lena Dunham’s $3.7M Advance Is a Big Problem

In fact, it explains what's wrong with the publishing industry: Rob Spillman

(Newser) - Want to know what's wrong with the corporate publishing industry? Take a look at Lena Dunham's insane book deal , which Rob Spillman pegs at $3.7 million on Salon . Random House will need to sell at least 500,000 copies to break even, which Spillman thinks is a... More »

Most YA Books Bought By Adults

Faster-paced books appeal to everyone, it turns out

(Newser) - It turns out you're not the only grown-up devouring the Hunger Games. A new study from Bowker Market Research found that 55% of the people buying young adult novels are actually regular adults, the Christian Science Monitor reports. Oh sure, some say they're buying them for younger relatives,... More »

Monica Lewinsky Hawking Secret New Book

Publishers forced to sign non-disclosure agreement to meet with her

(Newser) - Should Bill Clinton be worried? Monica Lewinsky has been shopping a new book, sources tell the New York Post , and it's so hush-hush that she's making publishers sign a non-disclosure agreement before she'll meet with them. "I'm sure every major publisher was interested in hearing... More »

Murdoch Contemplates Splitting Up News Corp

Separating publishing would make other media more profitable

(Newser) - After resisting investors' pressure for years, Rupert Murdoch is finally considering splitting his News Corp. media empire in two, dividing publishing and the company's other, more lucrative media units, reports the Wall Street Journal . The Murdoch family would likely maintain its control of both companies, similar to Sumner Redstone'... More »

10 Reasons to Stop Buying on Amazon

Taxes, 'monopolistic' behavior top the list

(Newser) - Amazon: the evil empire? The Nation seems to think so, warning that Amazon is "well positioned to overpower its rivals" as publishers turn to digital books and the mega-site sells more Kindle books than hardcovers. The lefty mag lists 10 reasons not to do business with Amazon:
  1. Amazon avoids
... More »

How One Small Bookstore Outwitted Amazon

The Harvard Book Store installed its own printer

(Newser) - The Amazon steamroller is crushing one neighborhood bookstore after another—which is why Phil Johnson felt sympathy for the man who took over the Harvard Book Store. "I respected his mission, even if I didn’t quite believe in its future," Johnson writes in Forbes . But over a... More »

Pulitzer Board Just Sucked Life Out of Book Industry

Prize injects needed excitement into world of literature: Ann Patchett

(Newser) - Sure, there's a possibility that when the Pulitzer Prize board failed to announce a fiction winner, the reason could have been a simple deadlock. But most who heard the news probably didn't assume that, and instead figured "it was a bum year for fiction," writes author... More »

Amazon Now Moves to Slash E-Book Prices

But DoJ suit expected to be bad news for readers in long run

(Newser) - Just after the Department of Justice launched its antitrust lawsuit against Apple and five major publishers , Amazon announced plans to slash e-book prices. But while the move is expected to cut the prices of major titles from $14.99 to $9.99 or less, analysts believe the benefit to consumers... More »

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