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Posts Tagged ‘Thomas Nelson’

HarperCollins to Pay $200 Million for Thomas Nelson

HarperCollins will pay $200 million to acquire the Christian publisher Thomas Nelson. News Corp., the parent company of HarperCollins, revealed this figure in its quarterly filing on Friday.

As we noted last week, the publisher intends to finalize the deal by the end of 2011.

Publishers Weekly has more details about the sale: “In 2006, InterMedia paid $473 million for the publisher which had sales of $253 million at the time. Nelson’s current revenue is unavailable.”

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HarperCollins to Buy Thomas Nelson

HarperCollins Publishers revealed today that they have sealed a “definitive agreement” to buy Christian publisher Thomas Nelson. Terms of the deal were not revealed, and will be finalized by the end of the year.

Follow this link to read the complete release. Thomas Nelson publishes many inspirational titles, including books by authors like Billy Graham, Max Lucado and Dave Ramsey. In 1988, HarperCollins acquired the Christian publisher, Zondervan.

HarperCollins CEO Brian Murray had this comment in the release: “Founded in 1798 in Edinburgh, Scotland, Thomas Nelson shares a long and rich heritage with both New York’s Harper Brothers and Scotland’s William Collins & Sons. It is thus with great pleasure that I look forward to welcoming Thomas Nelson to the HarperCollins family.”

Investor Group Led by Kohlberg & Company Acquires Majority of Thomas Nelson’s Stock

tnlogo.jpgToday a group of investors led by Kohlberg & Company acquired a majority of Christian publisher Thomas Nelson’s stock–a move that will resolve most of the publisher’s long term debt.

The publisher also announced some changes in the board of directors, adding Open Road CEO Jane Friedman and “senior executives of Kohlberg & Company” to the board. In addition, Thomas Nelson CEO Michael Hyatt has been named chairman of the board of directors.

Kohlberg & Company partner Chris Anderson had this statement: “Thomas Nelson remains the clear leader in the Christian publishing world and is poised for growth in this new era. Mike and his team have done an excellent job managing the company through the challenges of the recession and we stand behind them as we enter the future.”

The Olympic Memoir We’d Like to See

While most of the publishing industry was getting ready for the penultimate early weekend of the summer, Free Press announced that it had signed a deal with Olympic swimming sensation Michael Phelps to publish Built to Succeed, a memoir offering “the secrets of his success and… his approach to training, competition, and winning,” according to the announcement in Publishers Marketplace.

Considering this deal, and the news from across the Atlantic about possible book deals for British medalists, another potentially attractive possibility presented itself: What about a memoir by American marathoner Ryan Hall?

Hall had already gotten significant attention from the media, including Peter Hessler‘s New Yorker profile and Michael Perry‘s Runner’s World cover story. Enough of the runner’s personality comes through in both articles to suggest that he could tell his own story in an equally compelling manner if he chose to do so, and his pre-Olympic blog offers further evidence. The more you learn about Hall’s strong Christian faith and his participation in Team World Vision, an organization that helps poverty-stricken communities raise themselves to self-sustainability, it’s easy to see him writing a book that combines the best elements of Tony Dungy‘s Quiet Strength and John Woods‘s Leaving Microsoft to Change the World. Hall’s home page already had the perfect title, one with extra poignancy following his tenth-place finish: More Precious Than Gold. If you want to understand how powerful this story could be, watch the following video.

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OJ Publisher Announcement Delayed till Tomorrow…For Now

Looks like the folks at Gawker, who are running a prediction game just as we are, are going to have to wait a bit longer till the publisher for IF I DID IT is revealed. Goldman family spokesperson Michael Wright told us this morning that the announcement has been held off until tomorrow. No word yet as to why (beyond “just planning”), or whether the result will be the same if we start asking tomorrow morning when the announcement will happen, or even if there is a publisher in place and this has all been a giant smokescreen to get us talking about OJ instead of, oh, Karl Rove book deal speculation (Thomas Nelson or Mary Matalin‘s imprint at Simon & Schuster, natch.)

Ron still just hopes this doesn’t turn out to be Madonna’s nanny’s memoir all over again.