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Anonymous Patron writes "This is Money says equity firms are planning to pick up a Penguin, or another book publisher, as the slow but steady stream of revenues and royalties looks increasingly attractive to dealhungry venture capitalists.
News Corp's HarperCollins and CBS's Simon & Schuster are also attracting interest."
Anonymous Patron writes "eSchool News online : With its acquisition of the library automation business of its largest competitor, Sagebrush Corp., Follett Software Co. has become the definitive leader in school library automation software. Though Follett pledges to support Sagebrush's 24,000 school library customers, analysts say the deal, which reportedly gives Follett about a 70-percent market share, ultimately will bring several changes."
Following up on our announcement last week of new library services offered by Amazon.com, here's a discussion in The Book Standard on what the new program means to libraries. The article speculates on whether librarians will turn to Amazon.com for services that they currently get from companies like Baker & Taylor and Follett.
Author Kimberly Maul invites you to add your two bits via e-mail.
In New Orleans I got to attend a great symposium by OCLC entitled "Preserving Library Core Values and Envisioning the Future." It featured Derek Woodgate, Founder and President of The Futures Lab; Wendy L. Schultz, Ph.D., Director of Infinite Futures: Foresight Research, Training and Facilitation; and Stacey Aldrich, Assistant Director of the Omaha (Nebraska) Public Library System. Pretty interesting stuff. It's now available online for your viewing on OCLC's site.
Amazon.com has launched Library Processing, enabling its multitudinous library customers to receive Machine-Readable Cataloging (MARC) records and have books and other media they order from Amazon.com pre-fitted with Mylar jackets, barcodes, and other essential preparation services. For the latest list of library services, visit Amazon.com.
Anonymous Patron writes "Reuters.co.uk: Harry Potter publisher Bloomsbury Publishing Plc said on Thursday it was confident of meeting its expectations for full-year results, helped by sales of books by existing authors and new signings. The company did not say what its expectations were. Bloomsbury's list for 2006 includes authors from its existing portfolio, like Joanna Trollope, Susanna Clarke and Ben Schott, as well as new authors, including William Boyd, Hugh Fearnley-Whittingstall and William Dalrymple, the firm said in a statement ahead of an annual shareholder meeting."
Business First of Columbus Reports RLG's roughly 150 members late last week approved the proposal to merge with Dublin-based OCLC, a nonprofit group that provides computer-based cataloging and research services to libraries. OCLC's board approved the combination last month.
The combination of the two organizations will open up cost-effective ways to bring research collections online, James Neal, RLG's chairman, said in a release. Neal is also vice president for information services at Columbia University, one of the schools that helped form RLG.
OCLC will maintain its name but will open a new unit named RLG-Programs Development.
Castle Harlan, the New York-based private equity investment firm, announced today that a fund it manages has agreed to buy privately held Baker & Taylor, a leading domestic and international distributor of books and entertainment products to libraries and retailers, in a transaction valued at $455 million.
Baker & Taylor, founded in 1828, is the world's leading distributor of books, video, and music products to public and academic libraries. It is also a global leader in the distribution of books and entertainment products to many of the country's leading retailers. More here and here.
The accounting problems at ProQuest Co. raise questions about whether the company will continue to exist - at least under that name - even as it begins moving into a new $34 million headquarters building on Eisenhower Parkway next Monday.
ProQuest, the Ann Arbor, MI, based company which employs 650 people locally, is a provider of electronic archived information and learning materials. The company has been in the midst of an internal investigation into accounting problems that led the public company to overstate its revenues by more than $80 million in just under five years. More At The Ann Arbor News.
Monsters and Critics.com Reports The organizers of the Frankfurt Book Fair admitted defeat Friday in a competition to host a book expo next April in London, but said they would seek ways to sue the Earls Court exhibition ground.
On May 5, the Germans shocked the book publishing world by announcing they planned to hold a 2007 spring book fair in central London, in a direct challenge to the London Book Fair set to take place in spring in a remote part of London, the Docklands.