Despite pandemic, 60 new print magazines launched in 2020 (nypost.com)

It seemed impossible that the acquisition of Simon & Schuster by Penguin Random House the day before Thanksgiving could be overshadowed by a bigger industry event, but that is what happened when book publishing’s long-running trade show and convention, most recently known as BookExpo, was canceled. As the buzz about the end of BookExpo has cooled down, industry members continue to digest the news of PRH’s pending purchase of S&S, the nation’s largest and third-largest trade book publishers, respectively. When the acquisition was announced, the Authors Guild, the American Booksellers Association, and the Association of American Literary Agents (formerly the AAR) all issued statements that were critical of the deal. While each organization had a particular take, all shared one thing in common: they were concerned about the increasing consolidation within trade publishing. The Authors Guild, which called the 2012 Random House–Penguin merger “unsettling,” took a tougher stance in PRH’s S&S purchase, saying that, for authors, the reduction of the Big Five to Big Four would leave “fewer competing bidders for their manuscripts, which would inevitably drive down advances offered.”

Holiday spending is expected to increase as much as 4 percent this year. That may not sound like much, but Americans are on track to spend a record $960 billion celebrating the December holidays. For retailers and consumers alike, printed receipts can help make the season brighter. Traditionally, Black Friday heralds the start of the holiday season, but for many, holiday spending is already in full swing, and it won’t stop until January, after the last gifts have been opened and any returns have been made. And despite what some anti-receipt advocates say, consumers overwhelmingly prefer to receive printed receipts with their purchases instead of digital receipts. “In our recent consumer survey, we found that 76 percent of folks want some form of a printed receipt, or at least the option to choose a printed receipt,” says Andrea Forehand, Domtar’s director of sales for thermal POS. “Skip the Slip legislation has come up twice in California, and we’ve been successful in lobbying to prevent that legislation from becoming law because people do want the choice.”

Apple announced that it will acquire digital magazine subscription service Texture, adding another service into its repertoire of monthly-billed entertainment. Texture offers subscribers unlimited access to over 200 magazines, including titles such as The New Yorker, ESPN Magazine, Time and National Geographic. The terms of the deal were not disclosed. Having launched in 2010, as Next Issue, Texture was created in a collaborative effort by Condé Nast, Hearst, Meredith, News Corp., Rogers Communications and Time Inc., to provide a place for readers to access stories and entire issues of familiar titles while also introducing them to new publications. Click Read More below for additional information.