and more.
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B&N; Dismisses Takeover Proposal
Barnes & Noble issued a statement Thursday afternoon saying it does not consider a proposal by Sandell Asset Management, to take the retailer private, a "bona fide" offer.
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Kickstarter Adds Subscription Fundraising Function
Looking to add a new fundraising facet to its crowdfunding platform, Kickstarter is launching Drip, a subscription service that will allow fans to provide recurring financial support directly to their favorite creators.
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Quality Books Files for Bankruptcy
The Illinois book distributor to schools and libraries has sent a letter to creditors saying it can no longer meet its financial obligations and is in the process of liquidating its assets.
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Red Wheel Buys Career Press, Hires Peter Turner
In moves that add scale and diversify its business, Red Wheel/Weiser has acquired Career Press and hired former Shambhala Publications publisher Peter Turner as associate publisher.
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Hearst Buys Rodale
Hearst's purchase of Rodale comes about four months after the publisher put itself up for sale. While little has been shared how Rodale will be integrated into Hearst, it was stated that deal is set to close by early 2018.
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Penguin Random House Buys Sasquatch Books
The Seattle-based house, which was named one of PW’s fast-growing independent publishers of 2016, was bought by Penguin Random House for an undisclosed sum.
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Webcrafters Sold to CJK Group
Webcrafters, one of the country's oldest printers, is to be acquired by the CJK Group, the holding company for a host of printing companies.
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B&T; Forms Distribution Group, Tapping Mark Suchomel to Lead It
Baker & Taylor Publishers Services will offer distribution and other functions to children’s, trade, K‐12, higher education and academic publishers. To help lead the unit, B&T; has hired distribution veteran Mark Suchomel as senior v-p of sales & client services.
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Abrams Parent Company in Merger Talks
La Martinière Groupe, the French parent company of Abrams, is in discussions to merge with fellow French publisher Média‐Participations. The two companies said that they expect to come to an agreement "in the coming months."
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Quarto Acquisition Talks Off
A week after it revealed that it had received an unsolicited takeover offer, the Quarto Group announced this morning that its discussions with the potential buyer have ended.
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