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Home » Writing Craft » Page 82

Writing Craft

Perspective on the Sale of Thomas Nelson Publishers

By Steve Laubeon November 1, 2011
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by Steve Laube

In light of yesterday’s announcement of the sale of Thomas Nelson Publishers to HarperCollins I thought I’d present a few thoughts.

Without question this is the biggest news story in the Christian publishing industry this year, if not the last few years. Most of us have been caught flat-footed. Partly because Thomas Nelson is such a large company. And partly because they were just purchased by an investment group last year. The other surprise is the buyer. HarperCollins has owned Zondervan since 1988 which is a direct competitor to Nelson. They publish some of the same authors. (And by the way, HarperCollins is owned by NewsCorp…whose owner is Rupert Murdoch.)

Back in 2002 when I was still with Bethany House Publishers we were sold to Baker Books. So I’ve seen some of the inside of a publishing sale. There will be some obvious echoes to our experience, but Zondervan and Nelson are very different from Bethany House and Baker.

Ten Random Thoughts

Some random thoughts for authors who are worried or wondering about the sale:

1.  The sale has not been completed . It still has to pass Federal regulatory stuff. Anything can happen before the end of the year.

2. This will put both the New International Version Bible (NIV) and the New King James Bible (NKJV) under the same ownership.

3. Everyone at both Zondervan and Nelson is saying “business as usual” and they are being completely truthful. But when management begins trying to merge the two entities under one roof they will find redundancies that must be reorganized. Those are usually in infrastructure, i.e. accounting, information technology, production, design, warehousing (Zondervan’s warehouse was already being closed). Other areas where we see changes are in sales. Which sales reps will cover which stores in overlapping territories? Marketing and publicity could see some shifts. The last place usually affected is editorial. But don’t see this as a blueprint, merely an observation.

4. HarperCollins has enabled Zondervan to operate independently other than typical corporate profit pressures and they have done so with some great success (like the Purpose Driven Life phenomenon). There is no reason to think that management methodology will change.

5. The biggest future question for literary agents comes in the proposal stage. Currently we have had times when Zondervan and Nelson were vying for the same property. If they are under one roof it remains to be seen whether that practice will continue. For example Baker Books, Bethany House, and Revell do not bid against each other because they are under one “roof” as part of the Baker Publishing Group.

6. What does this mean for the existing Zondervan or Thomas Nelson author? One, there will likely be little change for now.  Current projects will move forward as before. Nothing will come to a standstill because that would mean revenue would stop. Two, if you have an old contract with Thomas Nelson for a book they still have under their care I would dig it out and read the “Assignment” clause. Find out if your book can be “assigned” to HarperCollins without your permission. That is likely the case, but be sure. Ask your agent if you are unclear. Three, our understanding is that acquisitions will continue as before. (But see number five above.) If you are an author with Westbow (the self-publishing arm of Thomas Nelson) I doubt if anything will change. HarperCollins has a company called Authonomy that helps give self-published authors a forum for discovery.

7. In a christianbook.com search I counted 2,900 Zondervan books and 3,300 Nelson books. (Only books, not Bibles.) That is astounding. (Tyndale House has 1,400 titles listed.) It truly will make this the largest Christian publishing company in the world.

8. Should authors be worried? No. The corporate landscape is always changing. Does this mean fewer publishing slots will be available? Possibly. Time will tell. Fortunately there are some pretty smart people in charge and they all have a vested interest in not breaking what isn’t broken.

9. Will they change the name of one of the companies after the purchase goes through? I doubt it. At least not in the foreseeable future. Both company names are iconic and have a rich tradition of quality and strength.

10. Is HarperCollins done? Or are they going to buy up other Christian publishers too? I had to chuckle when I heard that question….as if I would know or could predict. 🙂 My two cents says that they will have their hands full with this integration process. I could be wrong, but if it were me, I’d make sure this went very smoothly first before acquiring other companies.

Do you have any questions or thoughts on this? I’m happy to try to answer them in the comment section below.

Update 11/07/2011:

News Corp. is paying $200 million for Thomas Nelson, the parent company of HarperCollins disclosed in its quarterly filing on Friday November 4th. In 2006, InterMedia paid $473 million for the publisher which had sales of $253 million at the time.

 

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Category: Book Business, News You Can Use, Steve, TrendsTag: Book Business, News, Traditional Publishing, Trends

More on the Purchase of Thomas Nelson by HarperCollins

By Steve Laubeon October 31, 2011
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One bit of speculation about the sale of Thomas Nelson to HarperCollins comes from PaidContent.org written by Laura Hazard Owen: “Thomas Nelson has been on the forefront of experimentation with digital publishing, and HarperCollins is buying not just the company but also that digital experience….Thomas Nelson has done a bunch of cool things in the digital space. The company’s chairman …

Read moreMore on the Purchase of Thomas Nelson by HarperCollins
Category: Book Business, News You Can Use, Steve, TrendsTag: News, Publishing News, Trends

HarperCollins Buys Thomas Nelson Publishers

By Steve Laubeon October 31, 2011
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BREAKING NEWS! Startling industry news. HarperCollins will purchase Thomas Nelson by the end of this calendar year. HarperCollins already owns Zondervan (which they purchased in 1988). The combination will create the largest and most dominant Christian publishing company in the world. Wow. Here is the official press release.

Read moreHarperCollins Buys Thomas Nelson Publishers
Category: Book Business, News You Can Use, Steve, TrendsTag: News, Publishing News

Don’t Quit Your Day Job

By Steve Laubeon October 27, 2011
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I’ve been talking with writers who have another job as well as their writing to see how they juggle doing both. I was a social worker before my daughter was born and started writing soon after, but now that my youngest is off to college I’ve thought about getting back into the work force. I just don’t know how I’d balance the two yet.

The first thing I thought of was that I’d have to do some …

Read moreDon’t Quit Your Day Job
Category: Book Business, Career, Get Published, Writing CraftTag: Book Business, Career, Writing Craft

Study the Market

By Tamela Hancock Murrayon October 20, 2011
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What is the best way to find out what is successful in the current market?

This is a good question because while as an author, you don't want to chase the market, you also don't want to write books that are so far off from the current market that they have no chance of selling. First and foremost, marketing advice from any source assumes that authors submit their best, most polished, highest …

Read moreStudy the Market
Category: Get Published, Marketing, Tamela, Trends, Writing CraftTag: Get Published, Pitching, Tamela, Trends, Writing Craft

Writing Contests: Panacea or Waste?

By Tamela Hancock Murrayon October 13, 2011
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At a recent conference, a lovely writer who had finaled in a contest but wasn't chosen as the winner asked if she could still submit a proposal to me. I told her "Yes! Of course!"

Her question brought to mind the role contests play in a writer's career. I'm asked questions about contests at least once a month. I'll try to answer two key questions here.

Should I Enter?

When considering …

Read moreWriting Contests: Panacea or Waste?
Category: Book Business, Marketing, TamelaTag: Book Business, contests, Marketing, Tamela, Writing Craft

Conference Proposal Requests

By Tamela Hancock Murrayon October 6, 2011
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The recent ACFW conference (attended by nearly 700 writers and industry professionals) has writers, agents, and editors in overdrive as we all attempt to follow up on conference proposal requests. Writers are working feverishly to get proposals to editors. Some are thinking, "Surely the editor who seemed so excited about my proposal is checking email at least once or twice a day looking for it. I …

Read moreConference Proposal Requests
Category: Conferences, Get Published, Marketing, TamelaTag: Book Business, Conferences, Pitching, Rejection, Tamela, Writing Craft

What Makes a Christian Book “Christian”? (Part Three)

By Karen Ballon October 5, 2011
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So, there I were, surrounded by publishing professionals, faced with the question of whether or not we liked--or respected--our end consumer: the reader.

Publishing folk are a freaky bunch. They love to think and debate and share ideas and dissect and explore. Get a whole room of editors going and nothing is sacred. At the same time, everything is. At their core, publishing professionals …

Read moreWhat Makes a Christian Book “Christian”? (Part Three)
Category: Book Business, Get Published, Karen, Theology, Writing CraftTag: Book Business, Ideas, Karen, Theology, Trends, Writing Craft

Bestseller List News – October 3, 2011

By Steve Laubeon October 3, 2011
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Some of our authors have recently hit the bestseller lists! Congratulations to all.

Harvest of Grace by Cindy Woodsmall hit #22 on the tradepaper fiction New York Times extended bestseller list for August 28st. And is #2 on the ECPA "Multi-Channel" bestseller list for October.

Forbidden by Ted Dekker and Tosca Lee (Center Street) hit #17 on the hardcover fiction New York Times bestseller …

Read moreBestseller List News – October 3, 2011
Category: Book Business, Get Published, News You Can Use, SteveTag: Book Business, Bookselling, Get Published, News, Trends

Loving to Laugh

By Tamela Hancock Murrayon September 29, 2011
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At least once a week I'm asked if romantic comedy is currently marketable. While sometimes this category seems hot and then cold, I'd say that sharp, witty, well-executed romantic comedy can find a good home no matter what the publishing season. Note that I take the adjectives I used seriously. This is not a category that most writers can whip off with little effort. Successful writers of romantic …

Read moreLoving to Laugh
Category: Book Proposals, Craft, Genre, Get Published, Tamela, Writing CraftTag: Craft, Ideas, Pitching, Romantic Comedy, Tamela, Writing Craft
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