Hachette Book Group

New Economics Rewrite Book Business
August 29, 2011

The economics of the book business are changing so rapidly the industry barely looks like it did just six months ago.

The era of the book superstores, with their big windows and welcoming tables stacked high with books, has gone into decline. Many of the country's most enthusiastic readers have already switched to less-costly digital books. Amazon customers now buy more Kindle titles than hardcovers and paperbacks.

Calling Off Auction, Borders to Liquidate
July 20, 2011

The Borders Group said Monday that it would liquidate, shutting down the 40-year-old bookseller after it failed to find a last-minute savior.
Though it is not a big surprise, the move will still strip the publishing industry of shelf space that is becoming increasingly scarce as brick-and-mortar stores continue to founder.

Borders said it would proceed with a proposal by the private equity firms Hilco and the Gordon Brothers Group to close down its 399 remaining stores. That liquidation plan will be presented on Thursday to the federal judge overseeing the company’s bankruptcy case.

Sizing Up a 
Changing Industry
July 1, 2011

Almost everyone in the book business will acknowledge that we are in the midst of the most interesting, challenging and promising period in the industry's history.

Desperate Times ... ?
June 7, 2011

No doubt you’ve heard that Simon & Schuster, Penguin Group USA and Hachette Book Group have agreed to create a shared website, to be called Bookish.com. They will provide start-up financing, but … at least 14 publishers will participate. … My first reaction was that this really speaks to that whiff of desperation in the air for publishers.

eBooks ... By the Numbers
May 1, 2011

Here's a look at some 
specific companies in varying industry segments and where they stand on the e-book sales spectrum.