Peachtree Publishing Company Inc. Announces Peachtree Teen,
a New Young Adult Imprint Launching Summer 2022
ATLANTA (Apr. 29, 2021) – Peachtree Publisher’s Margaret Quinlin announced today that the award-winning children’s book publisher will launch Peachtree Teen, a young adult imprint, in May 2022.
Helmed by editors Ashley Hearn and Jonah Heller, Peachtree Teen will focus on fresh, empathetic storytelling that empowers teens and inspires conversation.
“Our world changes constantly, and books are often the one place where teens can go to understand their places in it,” said Hearn and Heller in a joint statement. “Our hope is that Peachtree Teen books are that trusted place.”
Peachtree Teen’s inaugural list features three debut young adult novelists and will be part of Peachtree’s first-ever summer list. It includes:
“Peachtree has published a first-rate, but small collection of young adult fiction over the years,” said Quinlin. “Now, we are thrilled to make a larger commitment to this dynamic category under the exciting leadership of Ashley Hearn and Jonah Heller, two exceptionally talented editors with a vibrant vision of what young adult publishing should be.”
Ashley Hearn, formerly of Page Street Publishing, has previously edited Woven in Moonlight (on Time’s list of “Best Fantasy Novels of All Time”) and worked with #1 New York Times bestselling author Tomi Adeyemi (Children of Blood and Bone), New York Times bestselling author Adalyn Grace (All the Stars and Teeth), and Alexis Henderson (The Year of the Witching).
Jonah Heller has worked with award-winning picture book, middle grade, and young adult authors, including YA authors Rebecca Elliott (Pretty Funny for a Girl) and Jenna Guillaume (What I Like About Me, You Were Made for Me).
Peachtree Publishing Company Inc. produces award-winning children’s books, ranging from board books and picture books to middle grade and young adult fiction and nonfiction. We create books that educate, entertain, encourage, and endure.
News Corp To Acquire Houghton Mifflin Harcourt Books & Media Segment
Deal Will Significantly Expand HarperCollins Backlist, Adding 7000+ Titles, Including The Lord of the Rings trilogy, Curious George, The Polar Express, Animal Farm and The Little Prince
Will Grow HarperCollins’s Presence in the Children and Young Adult Genres, Audiobooks & Production
NEW YORK (March 29, 2021) – News Corp announced today that it has entered into an agreement to acquire the Books & Media segment of Houghton Mifflin Harcourt (HMH Books & Media). The business will be operated by HarperCollins Publishers, a News Corp subsidiary.
HMH Books & Media is home to one of the most extensive and successful backlists in the publishing industry, with a history of strong profitability. Backlists have proven to be a sustainable and growing source of revenues, high margins and cash flow for publishers, particularly evergreen properties with broad, enduring and global appeal. In calendar year 2020, over 60% of HMH Books & Media revenues were generated by its formidable backlist.
Among the most popular of the more than 7000 titles in the HMH Books & Media backlist are: The Lord of the Rings trilogy and other titles by J.R.R. Tolkien; 1984 and Animal Farm by George Orwell; and All the King’s Men by Robert Penn Warren, among many others. HarperCollins currently has rights to J.R.R. Tolkien’s works in the British Commonwealth.
HMH Books & Media also has a first-rate frontlist in the lifestyle and children's segments with recent best-sellers like Antoni in the Kitchen, Instant Pot Miracle, Wow in the World: The How and the Wow of the Human Body, Little Blue Truck's Valentine and the beloved Click series of middle grade graphic novels.
HMH Books & Media is being acquired by News Corp for $349 million in cash and the acquisition is subject to customary closing conditions, including regulatory approvals. In calendar year 2020, HMH Books & Media had strong growth with net sales of $191.7 million, and Adjusted EBITDA of $26.6 million1, based on public filings.
HarperCollins expects to realize immediate cost savings, accumulating to more than $20 million annually within two years, including manufacturing, distribution and other cost efficiencies. HarperCollins also anticipates revenue synergies by leveraging its global scale and further expanding licensing opportunities. The acquisition is expected to close in the fourth quarter of fiscal 2021.
HMH Books & Media has a thriving Productions business which repurposes its popular brands across media platforms. HMH Productions is involved in the animated series Carmen Sandiego on Netflix, which will also be a live-action feature film, and has other television projects currently in development.
The acquisition will include the business’s extensive children’s and young adult divisions, which publish such classics as: Curious George; Martha Speaks; Five Little Monkeys; The Polar Express; the Little Blue Truck series; Mike Mulligan and His Steam Shovel; The Little Prince; and Stellaluna. Works by young adult authors, including Lois Lowry, author of The Giver, are also a strong part of the HMH Books & Media catalogue.
“There is a resurgence in reading and listening to books, and we believe the brilliant HMH Books & Media backlist and first-rate frontlist have an enduring and increasing value. Timeless writing is a timely source of revenue and the potential to create highly profitable audio and video works flourishes with each passing digital day,” said Robert Thomson, Chief Executive of News Corp. “The HarperCollins collection will be bolstered for children and young adults, and authors around the world will have a larger platform for their creativity and ingenuity. It is crucial to expand in an era in which emerging monopolies threaten the creative marketplace, so we welcome J.R.R. Tolkien, Virginia Woolf, George Orwell and many, many other distinguished writers to HarperCollins.”
“Combining HMH Books & Media’s strong catalog with HarperCollins’s global platform will allow for increased investment in HMH Books & Media’s trade programs and we expect faster growth of the combined companies at a time of rapid growth in book consumption," said Brian Murray, President and
CEO of HarperCollins Publishers. "Joining HMH Books & Media’s media productions team and the HarperCollins Children’s global catalog will open up new animation and gaming opportunities as we look to accelerate the expansion of our IP across multiple formats.”
HMH Books & Media has a flourishing audiobooks business, launched in 2019, which is expected to add value to HarperCollins’s own large and growing audiobook revenue stream.
Other titles and series in HMH Books & Media include The Best American Series, the Betty Crocker and Better Homes and Gardens cookbooks and the best-selling How to Cook Everything series and The Whole30 franchise.
HarperCollins Publishers is the second-largest consumer book publisher in the world. In the most recent quarter, ending December 31, 2020, HarperCollins had strong revenue growth across every category, with revenues increasing $102 million, or 23%, compared to the prior year. Digital sales increased 15% compared to the prior year, driven by growth in both e-book and downloadable audiobook sales. Segment EBITDA for the quarter increased $41 million, or 65%, compared to the prior year.
Headquartered in New York, HarperCollins has publishing operations in 17 countries. With two hundred years of history and more than 120 branded imprints around the world, HarperCollins publishes approximately 10,000 new books every year in 16 languages, and has a print and digital catalog of more than 200,000 titles. Writing across dozens of genres, HarperCollins authors include winners of the Nobel Prize, the Pulitzer Prize, the National Book Award, the Newbery and Caldecott Medals, and the Man Booker Prize. HarperCollins has been home to authors who include Mark Twain, the Brontë sisters, Thackeray, Dickens, John F. Kennedy, Martin Luther King Jr., Maurice Sendak, Shel Silverstein, and Margaret Wise Brown.
1 Adjusted EBITDA for HMH Books & Media excludes depreciation and amortization expenses of $22.4 million from net income of $4.2 million. For additional information see Houghton Mifflin Harcourt’s public filings with the SEC.
About News Corp
News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. The company comprises businesses across a range of media, including: digital real estate services, subscription video services in Australia, news and information services and book publishing. Headquartered in New
York, News Corp operates primarily in the United States, Australia, and the United Kingdom, and its content and other products and services are distributed and consumed worldwide. More information is available at: http://www.newscorp.com.
HarperCollins Publishers is the second-largest consumer book publisher in the world, with operations in 17 countries. With 200 years of history and more than 120 branded imprints around the world, HarperCollins publishes approximately 10,000 new books every year in 16 languages and has a print and digital catalog of more than 200,000 titles. Writing across dozens of genres, HarperCollins authors include winners of the Nobel Prize, the Pulitzer Prize, the National Book Award, the Newbery and Caldecott Medals, and the Man Booker Prize. HarperCollins, headquartered in New York, is a subsidiary of News Corp and can be visited online at corporate.HarperCollins.com.
About Houghton Mifflin Harcourt
Houghton Mifflin Harcourt (NASDAQ: HMHC) is a learning technology company committed to delivering connected solutions that engage learners, empower educators and improve student outcomes. As a leading provider of K–12 core curriculum, supplemental and intervention solutions and professional learning services, HMH partners with educators and school districts to uncover solutions that unlock students' potential and extend teachers' capabilities. HMH serves more than 50 million students and 3 million educators in 150 countries, while its award-winning children's books, novels, non-fiction, and reference titles are enjoyed by readers throughout the world. For more information, visit www.hmhco.com.
News Corp Investor RelationsMichael Florin212firstname.lastname@example.org
News Corp Corporate CommunicationsJim Kennedy212email@example.com
Erin CrumHarperCollins Corporate Communications212-207-7223Erin.Crum@harpercollins.com
This release contains forward-looking statements based on current expectations or beliefs, as well as assumptions about future events, and these statements are subject to factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The words “expect,” “estimate,” “anticipate,” “predict,” “believe,” “potential” and similar expressions and variations thereof are intended to identify forward-looking statements. These statements appear in a number of places in this release and include statements with respect to, among other things, the expected timing for the completion of, and the potential benefits from, the acquisition of HMH Books & Media. Readers are cautioned that any forward-looking statements are not guarantees of future performance and involve risks and uncertainties. Many factors, such as the risks and uncertainties related to the parties’ efforts to comply with and satisfy applicable regulatory approvals and closing conditions relating to the acquisition, as well as continued uncertainty caused by the coronavirus pandemic, could cause actual results to differ materially from those described in these forward-looking statements. The forward-looking statements in this release speak only as of this date and News Corp and HarperCollins undertake no obligation (and expressly disclaim any obligation) to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Peachtree Publishing Company Inc. Acquires Global Rights forWombat Said Come In by New York Times Best-Selling Author Carmen Agra Deedy, Illustrated by Caldecott Honor-Winning Artist Brian Lies
ATLANTA (Mar. 25, 2021) – Peachtree Publishing Company Inc. announced that it has acquired global rights to Wombat Said Come In, a new picture book written by New York Times best-selling author Carmen Agra Deedy and illustrated by Caldecott Honor-winning artist Brian Lies, who is also a New York Times best-selling author-illustrator. Publication is slated for Fall 2022. Deedy’s agent is Brenda Bowen; Erin Murphy represented Brian Lies in the deal.
Wombat Said Come In is the story of a kindhearted wombat who sacrifices personal space and comfort to shelter a series of animals escaping a wildfire. The text was inspired by the 2019 Australian bushfire tragedy, specifically the stories of animals who took shelter in wombat burrows. Deedy also drew from her personal experience as a refugee.
“I began work on the story in early 2020. The first iterations focused on the playful confusion––and frequent mayhem––that ensues when unlikely companions are forced to shelter in one place,” said Deedy. “Yet, as the story evolved, I realized my own arrival in this country as a child refugee had woven itself into the tale, as well. You never forget those who open the door to you when you are fleeing the world's troubles.”
Deedy is the New York Times best-selling author of 14 Cows for America and 11 other books for children. Brian Lies is a New York Times best-selling author-illustrator of several books for young readers, including the 2019 Caldecott Honor-winning picture book The Rough Patch (Greenwillow/HarperCollins) and the forthcoming Little Bat in Night School (June 2021, HMH Books for Young Readers).
“It’s a real delight to work with a Carmen Agra Deedy text—she’s got such a strong and engaging storytelling voice. And underneath the humor, this story features kindness and hospitality, two things which we desperately need more of right now,” said Lies.
“I am elated to be working again with Carmen Deedy on a wonderful manuscript, and pairing Carmen with Brian Lies, a magnificent artist and strong storyteller in his own right, is a match made in heaven. It makes my heart go pit-a-pat.”
Peachtree Publishing Company Inc. produces award-winning children’s books, ranging from board books and picture books to middle grade and young adult fiction and nonfiction. We create books that educate, entertain, encourage, and endure.
EBMA Member Clavis Publishing recently announced the recognition of several of their titles.
All Along the River was selected as a USBBY’s 2021 Outstanding International Book. It is a seek-and-find book on and around the river for little adventurers ages 3 and up.
Mission to the Bottom of the Sea was selected for the 2021 Best STEM Books list, a joint project of the National Science Teachers Association (NSTA) and the Children’s Book Council. It's the first book in the non-fiction series Marvelous But True, a series about dreaming, daring, thinking, and doing for researchers ages 6 years and up.
Mara the Space Traveler was selected as a Golden Duck Notable Picture Book , by the ALA Core Committee Recognizing Excellence in Children’s and Young Adult Science Fiction Notables Lists. It is a wonderful space adventure about a small girl with big dreams and a big heart.
“Physical book fairs have been impacted more than any other segment of our business,” said Britten Follett, executive v-p for Follett School Solutions, describing some of the challenges faced by the company due to the pandemic-era school closures across the country. Among the strategies devised to work through that reality, Follett has made a number of enhancements to its traditional book fair procedures as well as to its virtual eFair options, including the ability to ship eFair purchases directly to students’ homes.
Read Full Story on the Publishers Weekly Site
VICTORIA, BC – Orca Book Publishers is pleased to announce a new distribution arrangement with Québec Amérique, which includes exclusive US and non-exclusive Canadian distribution and sales representation of a selection of their French-language children’s titles. In Canada, Diffusion Dimedia will retain exclusive rights to Quebec accounts plus Indigo.
For more than 45 years, Québec Amérique has been contributing to the rich culture of francophone literature in Canada with its diverse list of novels, essays, dictionaries and encyclopedias for adults and children. Its books have been translated into over 40 languages in more than 100 countries, and Orca is proud to now offer Québec Amérique’s original and creative French books to children and classrooms in the US and the rest of Canada.
Founded in 1984, Orca Book Publishers is an independently owned Canadian children’s book publisher of award-winning, best-selling books in a number of genres. With over 1,000 titles in print and more than 80 new titles a year, Orca prides itself on publishing Canadian authors and bringing them to a wider market.
For further information, please contact Orca Book Publishers by email at firstname.lastname@example.org call 1-800-210-5277.
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Orca Book Publishers | Reaching More Readers
Twitter & Instagram: @orcabook
CLASSROOM LIBRARY COMPANY NAMED INC. PRIVATE TITAN
April 28 - EBMA Member Classroom Library Company was named by Inc. as a 2020 Private Titan. This is an exclusive roster of the 1,000 biggest and brightest American companies that have stayed private.
Congratulations Classroom Library Company!
Published November 6, 2019 by Katherine Cowdrey, The Bookseller
Eric Carle, the author and illustrator behind such children's classics as The Very Hungry Caterpillar, has decided at the age of 90 to sell his company to Penguin Random House.
The deal to acquire Eric Carle LLC – the intellectual property rights holder for Carle's books – is expected to close on 1st January 2020. The sum paid was undisclosed after the deal, struck by Madeline McIntosh, c.e.o. of PRH US, and Jen Loja, president of PRH’s Penguin Young Readers division, was announced this week.
While Eric Carle publishing at Penguin in the US will continue at the World of Eric Carle imprint under Francesco Sedita, president and publisher of the Penguin Workshop imprint, Penguin Young Readers will continue with sister company Penguin Random House Children’s UK to carry on the publishing–partner relationships for the Carle books.
Jen Loja, president, Penguin Young Readers, said the purchase of the Eric Carle works would "further strengthens our already close relationship with Puffin UK who have been wonderful partners on all things Carle for many years". She added: "We now will work even more closely on developing books, media and other products to insure that we are getting Eric’s works to the widest possible global audience. And we so look forward to continuing to grow this brand with Francesca and her fantastic team."
Reflecting on the deal and Puffin's publishing of Eric Carle in the UK since 1969, Francesca Dow, managing director for Penguin Random House Children’s, said: "It’s fantastically exciting news for Penguin Random House, something the whole company can feel excited and proud about. It signals the company belief and investment in Children’s and also our commitment to and investment in Children’s IP.
"And for us, we are already the proud publishers of Eric, whom we’ve been publishing for over 50 years.
"Eric Carle is a giant, a true original, a wonderful trusted global children’s brand. His distinctive sophisticated-naive art style (with his collage art from hand-painted paper) brings him unique design and style appeal beyond the children’s world. His art is collected. He is loved in every territory - on a design as well as a children’s author perspective.
"We already work closely with Jen and her team on so many shared properties, including Peter Rabbit, and we look forward to continuing to do so in even more exciting ways."
The deal follows the acquisition of Little Tiger Group, based in London, which publishes children's book favourite I Love You to the Moon and Back by Amelia Hepworth. At the time, in March, PRH c.e.o. Markus Dohle said the publisher's "unique, nimble and international approach to children's publishing fits perfectly with our business at Penguin Random House" and he "look[ed] forward to growing together around the world". PRH also acquired a 45% stake in Illinois-based independent Sourcebooks, which has a focus on children's publishing, in May.
PENGUIN RANDOM HOUSE EDUCATION LAUNCHES ELEMENTARY-EDUCATION WEBSITE
Furthering its mission to inspire teachers and learners with outstanding books, Penguin Random House Education announces the launch of a new website specifically designed and built for elementary educators.
The website PRHElementaryEd.com, which is now live, spotlights not only many of its outstanding trade books, but also includes additional resources for teachers to help their students foster the confidence and passion they need to engage with books, and thereby improve literacy.
The site was developed with feedback from teacher survey groups, publisher sales and marketing teams, and the PRH Elementary Education Teacher Advisory Board.
Michael Gentile, VP, Education Sales and Marketing for Penguin Random House, said “After many discussions with early childhood educators, informed by lots of market research, it became very clear to us the need for one resource where teachers could discover and access authentic, contemporary and relevant books to meet the needs of a rapidly changing classroom. We believe this new, easy-to-use site—to be regularly updated with new books, content and resources—will more than satisfy this enthusiastic demand, ultimately equipping educators with a great tool to discover, identify and place the right books into their students’ hands.”
Featuring over 20,000 books for the PreK-6 classroom—including numerous award-winning classroom favorites—the site presents new and classic fiction, non-fiction, and picture books from the Penguin Young Reader’s and Random House Children’s publishing divisions, as well as children’s publishers distributed by Penguin Random House.
Teachers will now be able to peruse book descriptions, read excerpts from inside the book, and explore titles by grade range, reading level, and subject area, including English Language Arts (ELA), Social Studies, STEAM, and Spanish-language, as well as Favorite Authors and Series, and Education and Professional Learning.
Along with discovering great books for the classroom, educators will also be able to find curated Teaching Collections in specific topic areas such as: Leveled Readers, Read-Aloud, Socio-Emotional Learning, Biographies, History and many more curriculum areas.
Additionally, other site features include the ability to:
“Penguin Random House Education is committed to ensuring that today’s students become lifelong readers, writers, and learners. This new website will support teachers in that endeavor as they look to discover relevant, engaging, and diverse voices that harness the power of literacy, support equity and foster a lifelong love for reading that promotes success in and out of the classroom,” said Gentile.
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Article from the St. Louis Business Journal, published on October 10, 2019
2018 revenue: $18.45 million
2016-2018 change: 153.94%
The mission of Classroom Library Co. is simple: Get kids reading. CEO Benjamin Conn and his wife, co-founder and publisher Marla Conn, hope to extend that mission as far as possible.
When they started the company in 2011, it was a culmination of both of their lifelong passions. Benjamin Conn grew up in his family’s retail book business in Brooklyn, New York, while Marla spent 18 years in education as a reading specialist in nearby Queens, New York, before moving into publishing consulting.
A few years after moving to St. Louis, the couple decided to merge their interests and launch CLC. The company distributes books and other classroom resources to pre-K-12 school districts and other private retailers around the country.
The Conns planned to do big business from the beginning — when they launched operations in a 50,000-square-foot warehouse at the old Corvette plant on Union Boulevard. Over the past three years in particular, though, growth has picked up. CLC grossed $18.45 million in revenue in 2018, an increase of more than 150% from 2016. Though it began as a husband-and-wife team, the company now employs 30 people and expects to top $20 million in revenue this year.
That growth has been driven by the company’s unique approach. “There’s nobody really packaging or distributing these books in a way that the schools or customers can consume,” said Benjamin Conn. “We aggregate everything so there’s a really good user experience.”
When a school or entire district needs to update its curriculum, CLC’s representatives help it select the exact mix of materials needed to meet its specific goals along with state and national standards. As of this year, the company has added thousands of organizations to its roster. CLC works with private labeling for companies such as Barnes & Noble, providing books for deployed troops in the U.S. military, and with many school districts around North America.
The rapid growth is fueled by the Conns’ knowledge of the business and passion for the mission.
“It’s all bootstrap, meaning that we have no private equity, we have no big money behind us,” said Benjamin Conn. “We have Enterprise Bank who loans us money, we pay it back, we borrow it again and so on.”
This year, the company acquired Texas-based proprietary publisher Novel Units, which has provided CLC with its first opportunity to develop its own resources. While CLC currently sells single primary sources, say the novel “Catcher in the Rye,” Novel Units will enable the company to sell packages that include teacher guides and student packets along with the novels.
Year founded: 2011
Headquarters: North city
Number of local employees: 30
Top local executive: Benjamin Conn, CEO
Educational Book & Media Association is a 501(c)6 non-profit organization.
P.O. Box 3363, Warrenton, VA 20188