Big news out of Hoboken and D.C. today as Houghton Mifflin Harcourt and Wiley announce that HMH has acquired several assets from Wiley, namely it's culinary program, Webster's New World Reference and CliffsNotes:
Quoth the press release: “This strategic acquisition reflects HMH’s continued commitment to consumer publishing, and represents an exciting growth opportunity within the culinary market. Even as digital sales increase, the print cookbook segment shows particular strength, both at HMH and within the market in general,” said Gary Gentel, President of HMH’s Trade & Reference division. “The combination of Wiley’s culinary, reference, and CliffsNotes lines with our existing business will significantly strengthen HMH’s market position in both the culinary and reference categories.”
Also heading HMH-ward is Wiley VP and publisher Natalie Chapman, who will head up HMH's culinary program (reporting to General Interest Group Senior Vice President and Publisher Bruce Nichols) as well as a number of Wiley editorial, marketing, publicity, and production staff.
In another development related to the move, HMH Senior Executive Editor Rux Martin will launch Rux Martin Books.