Bloomsbury is anticipating W H Smith's link-up with Kobo to sell e-readers will help create "another big Christmas" for e-books, as the Group's e-book sales grew by 564% over the first six months of 2011.
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E-book sales and the acquisition of Continuum helped sales at Bloomsbury leap 16%, although relocation and restructuring costs led to pre-tax profit more than halving to £0.3m, in its latest set of financial accounts.
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By: Maryann Yin,
on 11/3/2010
Bloomsbury has acquired the Ducksworth Academics list. Peter Mayer, the managing director of Duckworth, and Nigel Newton, the CEO of Bloomsbury, made the joint announcement earlier this week.
Bloomsbury’s Bristol Classical Press will oversee the academic list and that is the name it will operate under. In addition, the Duckworth Trade list will be sold by Bloomsbury in the UK and overseas. Ducksworth will remain an independent press after the transition.
Mayer explained: “We have sought to develop a structure for our two parts and we found it with Bloomsbury. The new structure looks to a future in which both parts of the present Duckworth can prosper in different ways. On the general side we aim to fulfill the promise of the historic Duckworth Trade list, a trade publisher since its founding by Gerald Duckworth in 1898.” (Via Publishers Weekly)
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