The holiday sales period ended on a high note with unit sales of print books increasing 5.8% over the week ended December 24, 2022 at outlets that report to Circana BookScan.
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German media giant Bertelsmann said Wednesday that its Penguin Random House division is buying rival Simon & Schuster in a megadeal that would reshape the U.S. publishing industry. Penguin Random House, already the largest American publisher, will buy the New York-based Simon & Schuster, whose authors include Stephen King, Hillary Clinton and John Irving, from TV and film company ViacomCBS for $2.17 billion in cash. “Simon & Schuster strengthens Bertelsmann’s footprint globally, and (particularly) in the U.S., its second-largest market,” the Guetersloh, Germany-based company said in a statement. The purchase of Simon & Schuster would reduce the so-called Big Five of American publishing — which also includes HarperCollins, Hachette Book Group and Macmillan — to four.
John Wiley and Sons Inc. announced a strategic partnership with PwC’s Academy Middle East, the talent and skills development business of PwC Middle East, to provide virtual Certified Public Accountant (CPA) exam preparation in the Middle East region, including UAE, Bahrain, Egypt, Jordan, Kuwait, Lebanon and Qatar. This partnership will address the need to continually upskill, especially as the world contends with the economic impact of COVID-19. PwC Middle East’s 23rd Annual CEO Survey shows that 80% of CEOs consider a shortage of skills in the workforce a potential threat to their organization’s growth prospects, while 70% of CEOs recognize that they must maximize the potential of existing staff through upskilling programs. The global pandemic has highlighted the need for resilience in today’s workforce and accelerated transformation that was already underway. This shift presents a critical opportunity for workers to utilize this time to upskill and reskill, with 96% of adults believe that learning new skills and retraining will improve their future employability, according to PwC’s 2020 New World New Skills survey.
HarperCollins Leadership (HCL), a new imprint launching at HarperCollins next week, is focusing on “content designed for individuals looking for inspiration, insight, and tools to help activate their inherent leadership potential,” according to the publisher. Brian Hampton, who is also publisher and senior v-p of HarperCollins Christian Publishing’s Nelson Books division, will lead the new imprint. Jeff James will serve as v-p of marketing for HCL. The first book to be published under HCL will be Building a StoryBrand: Clarify Your Message So Customers Will Listen by Donald Miller, author of the bestselling 2003 memoir Blue Like Jazz (Thomas Nelson) and founder-CEO of the StoryBrand marketing services firm. The book goes on sale October 10. Click Read More below for more of the story.