An investor group led by private equity firm Kohlberg & Company has acquired a majority of publisher Thomas Nelson's stock. In connection with the move, Thomas Nelson added several new directors to its board, including senior executives of Kohlberg & Company as well as other media and publishing executives. One of the new board members is Jane Friedman, CEO and co-founder of Open Road Integrated Media and former CEO of HarperCollins Worldwide.
The Kohlberg ascension will, the companies said, improve Thomas Nelson's capital structure and
eliminate most of its long-term debt.
"We are very excited about what this means for Thomas Nelson's future in the rapidly evolving publishing industry," said Thomas Nelson's CEO Michael Hyatt, who will also become chairman of the board of directors. "We are eager to start working with Kohlberg and our other new board members as we build upon our success bringing some of the most talented Christian authors and speakers to millions of people around the globe."
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Neil Gaiman welcomes you to Changing Hands Bookstore, Tempe, Ariz., in this video from the bookshop that was one of the first-prize winners in last year's Graveyard Book Halloween Party Contest.
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Brown University Bookstore, Providence, R.I., which is now run by Event Network, has laid off most of its staff, including Peter Sevenair, 64, long-time head of the general book department. Buying at the store reportedly will be handled by a part-time employee. Suzy Staubach of the UConn Co-op and former NEIBA president and ABA director, will host a "transition" party for Peter and his colleagues at her farm July 10.
Event Network, which has headquarters in San Diego, Calif., was founded 12 years ago, has annual sales of more than $100 million and runs stores at and has licensing agreements with some 50 museums, zoos, aquariums, science centers and other cultural institutions, including Mystic Seaport, Old Sturbridge Village, the Boston Children's Museum, Ford's Theater, the Griffith Observatory, the Museum of Science and Industry in Chicago and the Shedd Aquarium.
Earlier this year Event Network took over management and licensing for the American Museum of Natural History in New York City.
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Normal's Books and Records, Baltimore, Md., is celebrating its 20th anniversary. The City Paper wrote that the store is thriving in part because it "sells things you can't find elsewhere. The store's vast and varied book collection includes a carefully cultivated stock of classics in philosophy, Greek and Roman literature, religion, art, and history. The extensive vinyl collection covers all the major genres and most of the minor ones. But it's the unusual, esoteric finds--what [co-owner Rupert] Wondolowski has called 'pockets of sweet subversion'--that make the place unique: the Japanese issue of a Joy Division album, the out-of-print Trotsky biography, the illustrated guide to cannibal culture."
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Independent Booksellers Week continues in the U.K. The Yorkshire Post observed that "Terry Pratchett once likened a good book shop to a genteel black hole. He was right. It's the smell which gets you first and, with lingering positively encouraged, hours can be lost amid the shelves absent-mindedly flicking through the pages which took someone else years to write. These are places where the assistants never seem too worried about making a sale and where forgotten authors are given a home. They're the kind of shops the country should treasure, not least because there's a lot fewer of them that there used to be."
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What it means to be a writer. On Facebook, author Masha Hamilton noted that "Tabasom walks four hours in Afghanistan to send her poetry to the Afghan Women's Writing Project."
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The Washington Post's Celibritology blog featured the "Five buzziest summer beach reads," with helpful beach advice: "Start toning your arm muscles: the 766-page, hardback The Passage is the buzziest novel of the summer." The other buzzmakers that "have bubbled up on this season's short list of 'it' books, the tomes most likely to peek out from the tote bags of literary-minded beach-goers," are The Girl Who Kicked the Hornet's Nest by Stieg Larsson, The Short Second Life of Bree Tanner by Stephenie Meyer, Imperial Bedrooms by Bret Easton Ellis and Lucy by Laurence Gonzales.
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Good books are tasty enough without condiments, thank you. The Associated Press reported that the woman arrested "after pouring mayonnaise in the Ada County library's book drop box is a person of interest in a yearlong spree of condiment-related crimes of the same sort."
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Book trailer of the day: Frankenstein:
Lost Souls by Dean Koontz (Bantam).
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Forget vampires. The Onion predicted that minotaurs will be the next big trend in publishing: "In a desperate effort to find a trendy new fantasy subgenre to succeed the ebbing vampire craze, Razorbill Books executive Graham Childress decided this week to throw all his professional weight behind a new series of novels featuring minotaurs, the bull-headed, human-bodied creatures of ancient Greek mythology."