Unit sales of print books are proving to be surprisingly resilient despite the massive disruption to the economy caused by the coronavirus. Unit print sales rose 10.1% last week compared to the week ended April 18 at outlets that report to NPD BookScan. Sales were nearly flat with units sold in the period ended April 27, 2019, and in the year-to-date, units were down 3.2% compared to a year ago. BookScan estimates that it captures about 85% of print books sold through physical and online retailers who sell books. The service, however, does not record sales to libraries—and with many libraries closed, trade publishers who do significant business through that channel are likely seeing softer sales.
Active Interest Media has been acquired by B&W Communications.
Financial terms were not disclosed.
B&W (Betterment & Wonderment Communications LLC) was launched by Andrew Clurman, the CEO-cofounder of AIM, to acquire enthusiast media brands. The previous owner was Wind Point Partners, a private-equity group from Chicago.
AIM’s enthusiast titles in the shelter, hobby and boating categories include Anglers Journal, Yachts International, Sail, Power & Motoryacht, Yachts International, Soundings, Horticulture, Popular Woodworking and Writers Digest, among others.
more at source: https://www.mediapost.com/publications/article/360595/active-interest-medias-ceo-buys-the-company.html