LibraryThing Partners With Cambridge
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www.LibraryThing.com<%2Fa>),%20an%20online%20book-cataloging%20service%20and%20social-networking%20site.%20Under%20the%20terms%20of%20the%20agreement,%20CIG%20purchased%20a%20minority%20stake%20in%20LibraryThing,%20and%20also%20has%20designated%20Bowker%20as%20the%20exclusive%20worldwide%20distributor%20of%20LibraryThing%20for%20Libraries%20(LTFL).%20LTFL%20is%20LibraryThing’s%20flagship%20library%20product,%20which%20puts%20tags,%20recommendations%20and%20reviews%20directly%20into%20a%20library's%20catalog.%0D%0A%0D%0Ahttps%3A%2F%2Fwww.bookbusinessmag.com%2Farticle%2Flibrarything-partners-with-cambridge-402583%2F" target="_blank" class="email" data-post-id="4097" type="icon_link">
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LibraryThing Founder Tim Spalding addressed the deal in his blog (http://www.LibraryThing.com/blog/2009/01/librarything-and-cigthe-deal.php), writing that it "frees us from worry and gives us room to grow." Citing "moolah" as a key factor in his decision to partner with CIG, he wrote, "LibraryThing has been profitable for a while, but we didn't have much of a cushion. It was a nail-biter. We needed servers and new employees, but what if we had a few down months? And did I mention the economy is sick? (Cut to Tim worrying.)"
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