Harper Collins buys Thomas Nelson (US) Publishing

Fbone · 11-01-2011, 07:04 PM

http://online.wsj.com/article/SB1000...227448426.html

According to WSJ the deal should close by the end of this year. Harper Collins (owned by News Corp) already owns Zondervan so it appears they may corner the Christian/Religious market when this deal is completed. Thomas Nelson was privately owned so revenue and profits are not disclosed. Perhaps, HC sees future growth in revenues with digital Bibles and such since Thomas Nelson was an early ebook producer.

I wonder if this is an attempt by an Agency publisher to extend their dominant position. Simply buy out mid-size and independent publishing companies.

rhadin · 11-02-2011, 07:11 AM

Thomas Nelson was having difficulties so I wouldn't be surprised if the choice was go out of business or be sold.

Quexos · 11-02-2011, 04:30 PM

Thanks for the news but shouldn't this be in the news section ?

Rob Lister · 11-02-2011, 04:55 PM

Quote:

Originally Posted by Quexos

Thanks for the news but shouldn't this be in the news section ?

Not if the real topic is News Corp's plan to take over the world. I for one welcome our news publishing overlords.

11-01-2011, 07:04 PM	#1
Fbone Is that a sandwich? Posts: 8,313 Karma: 103930826 Join Date: Jun 2010 Device: Nook Glowlight Plus	Harper Collins buys Thomas Nelson (US) Publishing http://online.wsj.com/article/SB1000...227448426.html According to WSJ the deal should close by the end of this year. Harper Collins (owned by News Corp) already owns Zondervan so it appears they may corner the Christian/Religious market when this deal is completed. Thomas Nelson was privately owned so revenue and profits are not disclosed. Perhaps, HC sees future growth in revenues with digital Bibles and such since Thomas Nelson was an early ebook producer. I wonder if this is an attempt by an Agency publisher to extend their dominant position. Simply buy out mid-size and independent publishing companies.

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11-02-2011, 07:11 AM	#2
rhadin Literacy = Understanding Posts: 4,833 Karma: 59674358 Join Date: Dec 2007 Location: The World of Books Device: Nook, Nook Tablet	Thomas Nelson was having difficulties so I wouldn't be surprised if the choice was go out of business or be sold.

11-02-2011, 04:30 PM	#3
Quexos Member Retired Posts: 1,999 Karma: 11348924 Join Date: Jan 2011 Location: Limbo Device: none	Thanks for the news but shouldn't this be in the news section ?