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Agency Group Creates New Division
The Agency Group has created a new literary division, based in its London office.
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Bertelsmann Takes Full Ownership of Random House Mondadori
A week after announcing that it was forming a joint venture with Pearson to create Penguin Random House, Bertelsmann said this morning that it has agreed to acquire the 50% stake in the Spanish-language publisher Random House Mondadori that had been held by its Italian partner. The purchase is expected to be completed before the end of the year.
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Employees to Buy European Publisher VBK
The management and staff of Veen Bosch & Keuning Publishing Group, a major publisher of trade books in the Netherlands and Belgium, will take over ownership of the company November 1.
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Flammarion Sale Approved
The French commission on competition in publishing has given its approval for the sale of the French publisher Flammarion to the Gallimard group Madrigall.
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Trajectory, De Gruyter, Commercial Press Ink Deals at Beijing Fair
As the Beijing International Book Fair kicks off, U.S. digital publisher Trajectory, Berlin academic house De Gruyter and Chinese publisher Commercial Press separately announced new deals.
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Little, Brown Pays Seven Figures for Debut Novel By Aussie Author
The one sale that's invigorated the publishing industry during an otherwise sleepy summer is the major buy Little, Brown just made for Australian novelist Hannah Kent's Burial Rites.
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De Gruyter Completes Birkhäuser Purchase
The Berlin-based academic publisher De Gruyter has completed its purchase of the Swiss-based German-language Birkhäuser. Alongside the acquisition of Birkhäuser's architecture and design publishing division, the acquisition includes the Birkhäuser brand name, which is includes a range of STM publications.
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Germany's Weltbild for Sale
After weeks of controversy over the revelation that it was selling “soft porn,” the German publishing and bookselling powerhouse Weltbild has been put up for sale by 18 dioceses of the Catholic Church that own the company.
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Bonnier and Sonoma in European Acquistion Deal
As reported in the European publishing press, Finnish publishing house Bonnier Books has acquired WSOY, Finland’s largest general trade book publisher, from Sonoma, strengthening Bonnier’s general publishing list in Finland. As part of the acquisition, Sonoma has acquired Bonnier Learning in Sweden and Tammi Learning from Bonnier. The deal allows both publishers to focus on their core business areas.
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Agents Keeping Foreign Publishers on Digital Leash
As the London Book Fair goes through its annual run this week, American agents are trying to figure out the best way to sell digital rights to foreign publishers in markets that are far behind the U.S. in e-book sales. Even though many international publishers are just starting to dabble in producing e-books, almost all recognize that digital books are the future and that, in a few years, their local market will look more like the current one in America, where e-books are accounting for as much as 8% of revenue among the major houses. For this reason, most American agents are including digital rights in their foreign deals, but not without caveats.
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