InsideMobileApps InsideSocialGames 10,000 Words FishbowlNY FishbowlDC LostRemote TVNewser TVSpy AgencySpy PRNewser MediaJobsDaily UnBeige

Publishing

How Much Do Acquisitions Editors Earn?

glassdoorWhen you are looking for a new job, one of the daunting tasks can be determining your salary requirements. You want to ask for enough to make the job worth your while, but you don’t want to ask for so much that you are not considered. So how much money do editors make?

Using the anonymous job site Glassdoor, we found that the average salary for an acquisitions editor at a publishing house is $59,472 a year. These salaries are self-reported by employees and may include editors at different stages in their careers, at different publishing houses and in different locations around the country where salaries might vary.

The site breaks out figures from specific companies. For example, at Pearson, the average salary for an acquisitions editor is $88,250. At Elsevier it’s $60,000, and at Publications International, it is $31,996. At Bloomsbury, an associate acquisitions editor makes about $60,000.

India Expected to Publish More English Language Books

indiaPublishers in India are looking to publish more English language titles, according to news out of the Jaipur Literature Festival this week.

Aditi Maheshwari, Director Vani Publications spoke at the festival this week and said, “India may dream in Hindi, sleep in Hindi, but it aspires to read in English. The population of Hindi readers is much fewer than English readers in India,” according to a report in Press Trust of India.

 The Financial Times points out that India’s publishing is about a $1.6 billion business according to the Federation of Indian Chambers of Commerce and Industry and it is expect to grow 30 percent a year. Here is more from the news site: “Of the 90,000 new books produced every year in 24 different languages, Hindi publications make up about 26 per cent and English language books 24 per cent. It’s all part of the ‘globalisation’ of literature. The pressure to write in English – and the queue of authors keen for their work to be translated – was a big topic at the annual Jaipur Literature Festival this weekend, especially during one session on the Global Novel.”

Simon & Schuster Sold eBooks in 200 Countries Last Year

simonSimon & Schuster experienced its greatest growth in the international marketplace last year, particularly in digital titles in English language countries abroad, according to Carolyn Reidy, President & CEO, who spoke on a panel at the Digital Book World conference in New York today.

The publisher’s international eBook business is growing at a faster rate than US eBook sales, because these countries are catching up, she said. Last year, the publisher sold eBooks in 200 different countries including a copy of The Sun Also Rises in Antarctica. Reidy said that the publisher is seeing an opportunity in these digital sales and that it is not affecting physical sales. She said that there is a great opportunity for foreign book retailers to sell English-language titles in non-English speaking countries, but they have yet to capitalize on this yet.

Read more

Kensington Publishing Has Acquired eBook Publisher Lyrical Press

lyricalpressIndie publishing house Kensington Publishing Corp. has acquired the eBook publishing company Lyrical Press, in a deal whose terms were not disclosed.

The acquisition brings 250 romance, YA, and genre fiction titles from Lyrical Press’ backlist into the Kensington collection. Lyrical Press will continue to operate under its current name under Kensington Publishing’s umbrella. Kensington will continue to acquire new titles for the digital imprint. The titles will also be available as print-on-demand editions.

Adam Zacharius, Kensington’s Director of Special Projects and Alternative Media will over see the imprint, and Renee Rocco, Lyrical Press’ founder, will serve as Managing Director of the imprint. Read more

Pearson’s Nonprofit Division to Pay $7.5 M Settlement

pearsonfoundationThe Pearson Foundation, Pearson’s nonprofit division has agreed to pay a $7.5 million settlement, to end an inquiry  by New York State Attorney General Eric Schneiderman, which alleged that the company used funds to mix business with foundation work.

The company did not admit any wrongdoing, but admitted that they could have been more transparent. Here is more from the company’s blog:

Over the past two years, the Foundation has taken several steps to strengthen its governance, beginning with the addition of independent directors to the board and the adoption of stronger operational systems. Under the settlement, these efforts will be further enhanced by the creation of a three-person audit committee.

“The law on this is clear: Non-profit foundations cannot misuse charitable assets to benefit their affiliated for-profit corporations,” stated Schneiderman in a press release. “Moving forward,  funds for Pearson Charitable Foundation will be used exclusively for legitimate charitable purposes, beginning with millions of dollars to help ensure that every public school student has a great teacher in the classroom.”

The money will go to support the work of education nonprofit 100Kin10, and will be placed in a fund managed by the Attorney General. (Via NPR).

Chronicle Books Holds Bake Sale for Typhoon Haiyan Relief

bake sale 200Chronicle Books held a bake sale following the destruction of Typhoon Haiyan.

During this event, the staff moved $1526 worth of pastries and homemade treats. The San Francisco-based publishing house pledged to match these funds.

Altogether, they were able to donate $3052 to the Philippine Red Cross. Last year, the company hosted a similar fundraiser for Hurricane Sandy relief efforts.

Random House Integrates Website With Pinterest

pinterestRandom House has partnered with Pinterest to help readers connect with books through digital pinboards.

Through the partnership, Random House is adding a Pinterest API to its website and will feature the social network’s most current popular pins related to books on the center of Randomhouse.com. The integration will include “Pinterest Favorites” which will highlight the most popular pins from different time periods, as well as prominent links to Pinterest through related boards.

The idea is to help site visitors discover new books, as well as to increase the number of readers pinning books. It will also help make the publisher’s websites more colorful. The integration will begin with Randomhouse.com but will follow on the publisher’s other sites.

Simon & Schuster to Pull Benghazi Book Amid Questions of Accuracy

Screen Shot 2013-11-08 at 4.46.50 PMSimon & Schuster has pulled Dylan Davies‘ new book on Benghazi after new information has called into question the book’s credibility.

Politico has the scoop:

“In light of information that has been brought to our attention since the initial publication of The Embassy House, we have withdrawn from publication and sale all formats of this book, and are recommending that booksellers do the same,” Threshold Edition spokesperson Jennifer Robinson said in a statement. “We also are notifying accounts that they may return the book to us.”

Davies was the source of the controversial “60 Minutes” Benghazi report, which 60 Minutes has admitted was inaccurate.

New York Times reporter who covers book publishing Julie Bosman tweeted that the publisher is recalling books.

New Publisher Dedicated to International Literature

restlessbooksInspired by a New York Times opinion piece, a international literature publisher Restless Books has opened its doors.

Last year, publisher Ilan Stavans and executive editor Joshua Ellison wrote an essay for  about how “we have turned travel into something ordinary.” The new publishing house will include books written by authors around the world, changing our views on travel.

What defines us is right there in our name: the restlessness of modern life, the impulse to go to new places, both physically and with our imagination. Our objective is to create a community of readers passionate about other cultures and other languages; who share an interest in how people tell stories. We are committed to bringing the best of international literature—fiction, journalism, memoirs, poetry, travel writing, photography, and graphic novels.

How Henry Bushkin Got His New Book Published

HenryBushkin

Henry Bushkin, attorney and former right-hand man to Johnny Carson, has written a book about what life was really like with his famous friend. It’s a deeply personal account filled with scandalous details, including the real story on why his relationship with Carson ended.

Yet despite the book’s obvious potential, Bushkin actually had a hard time getting it published. In Mediabistro’s latest installment of So What Do You Do?, Bushkin talks about the media’s reaction to his writing, his thoughts on the proposed NBC miniseries and the process of publishing:

In the book’s acknowledgments, you explain how the impetus for the book came in 2008 from fellow (and subsequent) Carson attorney Ed Hookstratten. Can you explain a bit how you got from there to here?
Some time ago, I was about to self-publish the book. The book that has come out this week is essentially the same book. Frankly, when I was going to do it on my own with a small staff, it became apparent that Carson wasn’t relevant in the eyes of New York publishers vis-a-vis New York editors. They thought he was just irrelevant.

When I had the manuscript in polished form, I sent it to a friend of mine in New York. She then immediately sent it to a friend of hers at Vanity Fair, and then she asked if she could send it to a friend of hers, an agent in New York. I said yes. And all of a sudden, there were five publishers bidding for it. So it had quite an evolution that took quite some time, with the book going through several gestation periods.

To hear more about the book and its controversies, read: So What Do You Do, Henry Bushkin, Attorney and Author of Johnny Carson?

– Aneya Fernando

<< PREVIOUS PAGENEXT PAGE >>