|
|
writenews.com
|
Friday, June 18, 1999 Media Cynic | Forum | Advertising | Classifieds | Jobs News Corporation to Acquire William Morrow and Avon Books The News Corporation Limited and The Hearst Corporation have announced that News Corporation has signed an agreement to purchase the Hearst Book Group consisting of William Morrow & Company and Avon Books. The acquisition brings Morrow/Avon together with News Corporation's HarperCollins Publishers. The transaction is expected to be completed in July. Frank A. Bennack, Jr., President and Chief Executive Officer of The Hearst Corporation, commented: "The joining of Morrow and Avon with HarperCollins will result in an enormously powerful publishing company with the scale to compete with the largest worldwide publishers. Although our book publishing companies have made significant progress in recent years, we've known for some time that the Hearst Book Group had to expand by acquisition, seek a merger partner or divest as we have done here. I thank everyone at the Hearst Book Group for their commitment to the company through the years and wish them well in this new association." HarperCollins Publishers leading categories include literary fiction, business and self-help with bestselling authors such as John Gray, Barbara Kingsolver, Rebecca Wells, Susan Isaacs, Tony Hillerman, Anne Rivers Siddons and Wally Lamb (Regan Books). HarperCollins Children's Books includes bestselling authors such as Maurice Sendak, Shel Silverstein, Jamie Lee Curtis/Laura Cornell and Laura Numeroff/Felicia Bond. William Morrow & Company and Avon Books are the two operating units of the Hearst Book Group, and together publish 1,000 titles annually and have a combined active inventory of almost 6,000 titles. Avon's imprints include Avon Trade Paperbacks, Avon Camelot, Avon Eos, Avon Flare, Avon Romance, Avon Romantic Treasure, Avon Twilight, Bard, Spike, and WholeCare. Belo Acquires Denton Publishing Company Belo has announced that it has acquired the Denton Publishing Company, publisher of the Denton Record-Chronicle and two free-distribution newspapers, the Lewisville News and The Grapevine Sun. The terms of the transaction were not disclosed. The Denton Record-Chronicle, with a circulation of 16,000 daily and 19,000 Sunday, serves Denton County, Texas. The Lewisville News, located in Lewisville was started in 1971 and is published three days a week with a circulation of approximately 20,000. The Grapevine Sun is published two days a week with a circulation of about 20,000. Denton Publishing Company also publishes the Entertainment Chronicle, a supplement to the Thursday Denton Record-Chronicle. The Entertainment Chronicle is also distributed independently of the Record-Chronicle across the campuses of the University of North Texas and Texas Woman's University, both located in Denton. In making the announcement, Burl Osborne, president of Belo's Publishing Division and publisher of The Dallas Morning News, said, "Under the leadership of the Cross and Patterson families, the Denton Record-Chronicle has a distinguished history of journalistic excellence and community service and is located in one of the fastest growing markets in Texas. This is an outstanding acquisition for Belo, and we look forward to participating in the growth of the newspaper and the Denton community." McGraw-Hill and Computerworld Announce Publishing Partnership Computing McGraw-Hill, a division of The McGraw-Hill Companies specializing in information technology books, and IDG's Computerworld have announced a marketing and strategic partnership between the two companies, comprised of several publishing and promotional initiatives. The two companies have also announced the joint launch of a new series of books for this fall. "Both Computing McGraw-Hill and Computerworld excel at delivering high-value information to IT leaders," said Brandon Nordin, Vice President and Group Publisher for Osborne and Computing McGraw-Hill. "This partnership will improve that service even further, combining Computerworld's high visibility and industry insight with Computing McGraw-Hill's collection of authors and thought books." At the vanguard of the alliance will be the launch of Computerworld IT Leaders Press, a series that will include books on emerging technology by prominent figures in the world of IT. The first book in the new series will be The Power of Now by Vivek Ranadive', founder and CEO of Tibco. The book explains the organization of the event-driven company and how such a company can increase its response time and market awareness using real-time technology. Its release date is scheduled for September 1, 1999. Wiley's Acquisition of Jossey-Bass Completed John Wiley & Sons, Inc. has announced that it has completed the acquisition of the San Francisco-based publisher Jossey-Bass from Pearson. The deal, which was subject to Hart-Scott-Rodino review, was first announced by Wiley on May 24, 1999. The purchase price was approximately $82 million in cash. Jossey-Bass, which was founded in 1967, is a publisher of books and journals for professionals and executives, primarily in the areas of business, psychology, and education/health management. In conjunction with the announcement, William J. Pesce, President and Chief Executive Officer of Wiley, stated, "The company's financial condition is very healthy, as reflected in our ability to compete successfully for acquisitions. We are very pleased with the company's performance. The upcoming release of fiscal 1999 year-end results (scheduled for June 23) will reflect a continuation of the company's strong earnings momentum." Human Resource Executive and Cornell University Enhance Workindex.com Human Resource Executive magazine, an LRP Publication, and Cornell University's School of Industrial and Labor Relations (ILR) have announced enhancements to Workindex.com, their human resource portal. Since March of 1997, Human Resource Executive and Cornell have teamed up to make Workindex.com a key source of links to human resource sites on the Internet. Included in the site enhancements: daily news briefs, links to feature stories in Human Resource Executive, links to business books, a forthcoming job-posting service with links to major job boards and an online shopping area. "Cornell has built what we feel is the most comprehensive and thorough index of workplace and labor-related websites available on the Internet," says William Corsini, group publisher. "Enhancements to Workindex.com will broaden the usefulness of the portal and accentuate the index." Radioguests.com Launches Free Newsletter with Inside Secrets Radioguests.com has added a new free monthly newsletter that features inside tips on how to become a guest on radio shows. The service is designed for individuals, publicists, CEOs, entrepreneurs, website creators, experts, authors, comedians, psychologists, lawyers and unique individuals. Radioguests.com is a service of Wilko Communications, whose family of websites reaches 10,000+ radio professionals on a monthly basis. "Getting on the radio is tough if you don't understand what a producer is and is not looking for in the first place," said Radioguests.com Founder Roger "Wilko" Wilkerson. "Radio Station Producers are overwhelmed with work, and they understand that we don't list anyone at Radioguests.com that we wouldn't put on a show. This is the easiest, fastest and most cost-effective way to get your message to radio show decision makers." Around the Web Author's War of Words With Publisher Boston Globe The Book Doctor Is In BookWire Code Cracks Open a Magazine Niche for Black Men L.A. Times Profile: Jackie Collins Nando.net Reed Elsevier Bounces on New Bid Talk Media Central Salon's Upcoming public Offering Stirs Unusual Controversy Reuters WSJ Retains CAA for Film, TV Rights to Stories Variety Click here to return to the homepage of The Write NewsTM Click here to subscribe to our free weekly email newsletter.  www.writenews.com Copyright © 1997-2007 by Writers Write, Inc. All Rights Reserved. |
