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Posts Tagged ‘Nigel Newton’

Bloomsbury Acquires Ducksworth Academics

Bloomsbury has acquired the Ducksworth Academics list. Peter Mayer, the managing director of Duckworth, and Nigel Newton, the CEO of Bloomsbury, made the joint announcement earlier this week.

Bloomsbury’s Bristol Classical Press will oversee the academic list and that is the name it will operate under. In addition, the Duckworth Trade list will be sold by Bloomsbury in the UK and overseas. Ducksworth will remain an independent press after the transition.

Mayer explained: “We have sought to develop a structure for our two parts and we found it with Bloomsbury. The new structure looks to a future in which both parts of the present Duckworth can prosper in different ways. On the general side we aim to fulfill the promise of the historic Duckworth Trade list, a trade publisher since its founding by Gerald Duckworth in 1898.” (Via Publishers Weekly)

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Lauren Berger Writes New Book for Young People Entering "Real World"

Lauren Berger Welcome to the Real WorldCareer Expert, Lauren Berger, releases her second book, Welcome to the Real World: Finding Your Place, Perfecting Your Work, and Turning Your Job Into Your Dream Career (Harper Business), on April 22nd. In this book, Berger shares everything she wishes someone told her after graduation. Her book is the essential guide to anyone starting their first, second, or third job. She encourages readers to be fearless, step outside of their comfort zones, and go after what they want.

Bloomsbury Partners with Qatar Financial

Bloomsbury has entered into a business partnership with The Qatar Financial Centre (QFC) Authority to produce what it called a “definitive guide and reference to the financial world today”, reports the Bookseller. The Qatar Financial Centre (QFC) is a financial and business centre established by the Government of Qatar and located in Doha. It will work with the Harry Potter publisher to produce Qatar Finance, a new banking and finance information resource and its online version www.QFinance.com.

Nigel Newton, founder and chief executive of Bloomsbury, said: “Qatar Finance – The Ultimate Resource is a unique project of global significance. It will be the definitive guide and reference to the financial world today and will become the globally recognized print and online first point of reference for people involved in finance from business leaders to students and all levels in between.”

Bloomsbury Reshuffles At the Top

Bloomsbury is splitting the joint role of chairman and chief executive, reports Booktrade.info. Jeremy Wilson, a Non-Executive Director of Bloomsbury since November 2005 and current Vice Chairman, Business Banking at Barclays Bank PLC, will take over as non-executive chairman from the end of September. Nigel Newton says he wishes to separate the roles in accordance with corporate governance best practice.

“For some time I have been considering separating the roles of Chairman and Chief Executive,” Newton said in a statement. “I see this as useful in achieving Bloomsbury’s ambitions in the years ahead, allowing me to concentrate on the development and execution of Bloomsbury’s strategy during a period when we foresee significant change in the publishing industry; I am very pleased that Jeremy Wilson has accepted the Board’s invitation to become Non-Executive Chairman. He brings with him valuable experience in business and finance within a FTSE 100 company; his skills and background make him well suited to become Non-Executive Chairman of Bloomsbury. I know that I can work closely with him which is crucial.”

Bloomsbury Stays Optimistic About Post-Potter Fortunes

The burning question on most industry watchers’ minds is this: what will Bloomsbury do in a life without new Harry Potter books in the pipeline? CEO Nigel Newton keeps his chin up in an interview with the Guardian. The stock market’s ambivalent view on Bloomsbury’s preparations frustrates Newton, who has seen the company’s shares drift down to 166p, far from the 374p they reached when the sixth Potter was published two years ago.

“The real question is what is going to happen in 2008 and 2009 and why should shareholders feel reassured about their holdings,” said Newton. “Well you ain’t seen nothing yet. If you look at the list we have put together and the strategic decisions we have made for the business, you will see a very strong publishing group in action.” Though Newton hints at a takeover prospect, Bloomsbury might also be prey to being taken over. “A challenge for Bloomsbury is how the company spends the next load of Potter money,” said Joel Rickett, deputy editor of The Bookseller. “It will be a target for private equity because there will be this large cash balance on its books. Bloomsbury will probably give out a decent dividend or buy a few good businesses – or else a buyer will come in. It will not be an easy few years, but the company has strength in depth across its publishing lists.”

Bloomsbury on the Acquisition Prowl

When a company is flush, they usually want to expand their reach and share the wealth, so to speak. And as the Bookseller reports, Bloomsbury is no different, revealing today in advance of its annual general meeting that it is “actively considering” a number of possible acquisitions, though nothing is specified. Chairman Nigel Newton said: “We have been working hard this year in pursuing potential acquisitions and the company is actively considering a number of opportunities.”

Newton highlighted the group’s six point development strategy, which it said was “progressing well”. He said: “In the medium and long term, Bloomsbury is guided by a clear development strategy which will support its development. We are confident that the building blocks for Bloomsbury’s future are in place – a future where our core expertise will continue to play a fundamental role, namely publishing, in whatever form, books of the highest possible quality, with content which excites and pleases readers.”

S&S UK to Follow Parent Lead on Contract Changes

The Bookseller reports that Simon & Schuster‘s UK arm will follow its parent’s lead in extending its author contracts, despite the ongoing row in New York between the publisher and the Authors Guild over the reversion of author rights. The move provoked fury from UK authors and agents. Association of Authors’ Agents president Clare Alexander said: “The fact that someone can download a book is not the same as publishing a book. I don’t welcome publishers using it as an excuse to own something in perpetuity without any marketing investment. We insist on the rate of sale being the key element to a reversion clause.”

UK publishers, meanwhile, are calling for the whole concept of rights reversion to be heavily revised or even scrapped. “Why should it be that way? If you buy a house and you don’t go to it, you don’t stop owning the house,” said one publishing CEO. “It seems to be based on a weird notion of punishment, where you’re punished for not trying hard enough.” And based on comments from Bloomsbury CEO Nigel Newton and Macmillan CEO Richard Charkin that POD must be reckoned with in future publishing contracts, this fight is not about to go away anytime soon.