Chark in print: Pan Macmillan has released a p.o.d. version of former chief executive Richard Charkin's blog. According, to the publisher it translates into a pleasingly weighty tome, a wide-ranging collection of observations, views and reminscences about the state of publishing (and sometimes cricket) during a particularly interesting time in the industry's history. Orders can be placed here, and will take three working days to be despatched.
Wednesday, October 01, 2008
Chark Blog is Back
Borders Group Issues Warrants to Pershing Square Consistent with Previously Announced Agreement
ANN ARBOR, Mich., Oct. 1 /PRNewswire-FirstCall/ -- Consistent with a previously announced agreement, Borders Group, Inc.(NYSE: BGP) today issued warrants to Pershing Square Capital Management, L.P. to purchase an additional 5.15 million shares of the company's common stock exercisable at$7.00 per share, subject to anti-dilution adjustments. The warrants are exercisable until October 9, 2014. The agreement, dated April 9, 2008, is detailed in Borders Group's 8-K filing dated April 11, 2008.
Gale Launches Content Syndication
This is an interesting idea and they have had it in beta for several months. (I haven't tried it). What Gale appears to have done is push the content selection process closer to the consumer and away from the internal or sales staff that would have been intensely involved with customers in building content packages. This idea is very similar in concept to the airline reservation sites: Give the customer appropriate and powerful tools and they will do the work for you and possibly be far more satisfied.
The site is named acquirecontent.com and according to Information Today offers more than 10,000 titles (LINK).
Promoting Clean Data Health
Aimed at improving the accuracy, comprehensiveness and timeliness of data throughout the book supply chain, the publication establishes 14 points of best practice for recipients of product information, including standards for acknowledging receipt of data, best practices for making changes and notifying customers, guidelines for displaying the data, and a basis for helpful and timely communication between data recipients and suppliers. It also includes a glossary of common terms and definitions.
Michael Healy, Executive Director of BISG, noted,
“The prominent role played by BISG and BISAC in promoting high-quality product information in our industry has been established over many years in our work on the ONIX standard, best practice guidelines and more recently data certification. This new document, however, represents a change of focus. For the first time we are highlighting the vital role played by those who receive product information—booksellers, wholesalers and bibliographic agencies—in the overall effort to raise standards. Good product information is a collaboration and this new document sets out clearly what data recipients can do to help our industry sell more books through the provision of good data.”
Monday, September 29, 2008
Firebombed
[In the early hours of Saturday] officers from the counter-terrorism command arrested three men under the Terrorism Act 2000 in a pre-planned, intelligence-led operation.Thankfully only a small fire was generated but this is nothing to the excitement certain Muslim clerics will generate with their faithful. According to the Telegraph a leading UK cleric has warned of further attacks:
"The men, aged 40, 22 and 30, were arrested on suspicion of the commission, preparation or instigation of acts of terrorism. Two of the men were stopped by armed officers and arrested in the street outside a property in Lonsdale Square, and the third following an armed vehicle stop near Angel tube.
But the radical cleric Anjem Choudhary, who lives in Ilford, east London, said he was "not surprised at all" by the attack and warned of possible further reprisals over the book "It is clearly stipulated in Muslim law that any kind of attack on his honour carries the death penalty," he said. "People should be aware of the consequences they might face when producing material like this. They should know the depth of feeling it might provoke."In the Times Kenan Malik drew the obvious connection to The Satanic Verses:
I've just finished God Is Not Great by Christopher Hitchens and this attack reminded me of this excerpt related to the infamous Dutch comics:Today all it takes for a publisher to run for cover is a letter from an outraged academic. In March, Random House sent galley proofs of The Jewel of Medina to various academics, hoping for endorsements. One of them, Denise Spellberg, an associate professor of Islamic history at the University of Texas, condemned the book as “offensive”. Random House immediately dropped it. No other big American publishing house would touch it. Martin Rynja, a fierce advocate of free speech, eventually picked it up in Britain.
What the differing responses to the two novels reveal is how Rushdie's critics lost the battle but won the war. They never prevented the publication of his novel. But the argument at the heart of the anti-Rushdie case - that it is morally unacceptable to cause offence to other cultures - is now widely accepted. In the 20 years between the publication of The Satanic Verses and the withdrawal of The Jewel of Medina, the fatwa has in effect become internalised.
Euphemistic noises were made about the need to show 'respect,' but I know quite a number of editors concerned and can only say for a certainty that the chief motive for 'restraint' was simple fear. In other words, a handful of religious bullies and bigmouths could, so to speak, outvote the tradition of free expression in its Western heartland...To the ignoble motive of fear one must add the morally lazy practice of relativism: no group of nonreligious people threatening violence would have been granted such an easy victory, or had their excuses - not that they offered any of their own- made for them.The author Sherry Jones points a finger at Random House and comments "I was disgusted by the inflammatory language Random House used to describe the potential Muslim reaction.”
(Note: This comment was misquoted by the newspaper - see the comments. It wasn't directed at Random House at all).
Isn't it time for right thinking publishers and publisher associations to stand up and voice their collective disgust and willingness to champion the right to publish without intimidation?
Sunday, September 28, 2008
MediaWeek (Vol 1, No 39)
Earlier in the week G+J (Bertelsmann) declined to participate (Reuters):The RBI sale, one of the few live auctions in the media sector, is being watched closely as a bellwether for companies' ability to dispose of assets and private equity's ability to get deals done in tighter credit markets.
Bidders will now have to look further than the lending consortium and secure a relationship with a bank not involved in the staple to plug the shortfall. Reed, led by chief executive Sir Crispin Davis, declined to comment.
The Hamburg-based publisher, owned by media group Bertelsmann [BERT.UL], withdrew its non-binding bid due to declining advertising revenue at the unit, manager magazine online said citing sources close to the negotiations.Bloomsbury announced they have agreed to purchase Oxford International Publishers a publisher of books and journals for the academic student market in the fields of fashion, design and culture studies. RTT.
Commenting on the acquisition, Nigel Newton, chief executive of Bloomsbury, stated, "The acquisition of Berg is an important element in our strategy to increase our presence in academic publishing and take advantage of a market that is already benefiting from electronic delivery and print-on-demand. The acquisition of the very fine company that is Berg follows Bloomsbury's announcement on September 5th of the launch of Bloomsbury Academic, headed by Frances Pinter, which will publish academic books in the fields of the humanities and social sciences."Reflections on the state of University bookstore sales of academic titles from the University of Washington (SPi):
LA Times discovers the reprint market:"I can't prove it, but I suspect that some amount of the drop people are reporting is because those sales are going to Amazon," said Pat Soden, director of the UW Press.
Textbooks make up a small part of the UW Press's publishing contracts. Although the press saw a 7 percent increase in overall sales over the last fiscal year, sales at college stores dropped about $30,000 between 2007 and 2008.
At Washington State University's Press, a small publishing house that puts out just a handful of books a year, the slumping sales trend hasn't really hit home. The university's press primarily produces books that serve as supplemental classroom reading; their latest releases are a 192-page book about nuclear wastelands and a 331-page volume on the history of northern Oregon.
Whether the increasing number of reprints is because of reader dissatisfaction with contemporary literature or the flowering of an archivist, curatorial instinct, they are certainly part of the decentralization of literary culture. Miller says that, with space shrinking for print reviews and the Web as an overwhelming presence, people are trusting their instincts to figure out what to read. The threat this poses to the literary establishment is that whenever one of these new-old titles connects with a reader, whenever a reader wonders how Rose Macaulay's "The Towers of Trebizond" or Hamilton's "Hangover Square" could ever have been forgotten, it raises distrust in the establishment that proclaims certain books important. Especially if the reader has slogged through the pages of some highly praised snoozer.New model newsroom Forbes:
Dire prediction for Ad based media companies for 2009 (Guardian):He isn't alone. From Politico to Breaking Views to the Huffington Post to thousands upon thousands of blogs, droves of journalists have fled traditional newsrooms in the past decade looking for a way to make a living from the exploding world of digital media. So far, precious few have replicated the quality or impact--or profits--of the name-brand companies they left behind.
But Balboni thinks he can, using the lure of ownership. His site is hiring the five regional editors--for the Americas, Asia, Africa, Europe and the Middle East--and some 72 correspondents located around the world. None of them will be full-time employees. Instead, each is being lured by sizable equity stakes (not stock options) and a five-year guarantee of monthly fees of about $1,000. Correspondents will report to regional editors, who will report to the 15-person GNE.
The worsening state of the global economy will make 2009 a "horror show" for advertising-dependent newspaper and television companies, with some analysts predicting that businesses may have to wait until 2011 to see positive ad growth.
Saturday, September 27, 2008
Paul Newman
So many great movies. Mrs PND and I saw him on stage in 2002. I consider ourselves lucky.
NYTimes Obit.