Want to know where the real money in publishing is?
John Wiley pays £572 Million for Blackwells publishing
HMV paid £62.8 million for Ottakers and look at the fuss that kicked up.
Oh well, back to the coal face...
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Adam, there certainly is money in academic publishing, which was the mainstay of the Blackwell business.
ReplyDeleteAs for Ottakar's, IMVHO it was brave of HMV to purchase them at any price : the fact that they have made such a horlicks of the integration, in the process turning Wottakar's into a supermarket discounter bodes badly for the chain book stores future
Wottakar's management need firing for entering in a discount war with WHS this month : just when the little W's management might have thought life couldn't get any worse, Amazon this morning sent a few serious blows across their bows.
It will be like Roman Gladiators : send on the lions I say !!!
Amazon have all the advantages of third-party sales revenue and can afford to predatory price : Waterstone have no revenue from other sources, except that which they can extract as co-op promo from gullible publishers.
Don't know if Macmillan are worth 42p after they just agreed to pay a mr J Archer Esq. 12 million quid for a handful of books.
ReplyDeleteBut, speaking for Matthew, we will happily accept 213,000,000 for C&P Ltd. Just make the cheque out to Adam Powell and I'll make sure he gets his cut.
Actually, come to think of it, we're Archer's local bookshop for his London pied-a-terre. Maybe we should start cultivating some of that windfall...