(Press Release) Nashville, TN—Turner Publishing is pleased to announce the acquisition of specific publishing assets of Minnesota-based, nonprofit Fieldstone Alliance. The acquisition includes existing inventory, publishing agreements and related intellectual property.
One sentiment that I hear quite often these days from book industry folks is that "it's an exciting time to be in publishing." And I have to agree. It's an especially exciting time for me to be taking over as editor-in-chief of Book Business magazine, particularly with technology progressing so quickly that it seems to change the book publishing landscape on a weekly basis.
As a number of small, independent publishing houses struggled to survive over the last year-and-a-half, Nashville, Tenn.-based Turner Publishing, an independent publisher of specialty and trade titles, found itself presented with an opportunity: It could invest in its future by taking the bold step of acquiring other publishers that were seeking help, thereby growing its own assets, or it could play it more fiscally conservatively and stand pat.
Nashville, Tenn.-based Turner Publishing announced a new publishing agreement this week with Provo, Utah-based Ancestry.com, an online genealogy resource. As a result of the agreement, Turner will take over most existing inventory and related publishing contracts for Ancestry Publishing, a division of Ancestry.com.