Pearson shares hit by profit warning – Pearson, the company that owns the behemoth that is Penguin Random House, issued a warning that its profits were down 5% over last year, and the warning in turn triggered an 8% drop in shares. In addition to the £130M restructuring in the ... more >
The Music They Made –NYTimes is experimenting with video, sound, and visual applications to move into the 21st century. This is a collection of music snippets celebrating artists who died in 2012. NYTimes.com NOOK Media Announces Strategic Investment by Pearson – Pearson is investing $89 million in Nook Media, the ... more >
Doubling Down on DRM – Last month, Tor’s entire catalog of ebooks went DRM free. You may have seen that if you went to purchase a Laura Florand backlist title after Sunita’s wonderful review of the Chocolate Thief. According to Cory Doctorow, Hachette UK wants its authors who are also ... more >
Future of Noble Romance uncertain with departure of manager – “At this moment, I do not know what the owner’s plans are, as far as the company’s immediate future is concerned. I’m pretty sure he’ll keep it up and running, in some form, so he can earn back some of ... more >
Today is supposed to be a holiday but the news is coming thick and fast. I hardly know what to lead with. First up, though, is Pearson Australia striking a deal to buy REDGroup’s online book business and to partner to sell ebooks with Kobo. This is the first time ... more >
Another self publishing author scores big. Stephanie McAfee, author of the NYT bestseller Diary of a Mad Fat Girl, sold a three book deal to Danielle Perez at NAL in a “preempt”. McAfee, who has almost no twitter presence and who started her blog only in December reports that sales ... more >