One bit of speculation about the sale of Thomas Nelson to HarperCollins comes from PaidContent.org written by Laura Hazard Owen:
And in case you are wondering how much money HarperCollins had to pay for Thomas Nelson consider this bit of info:
“…private equity firm InterMedia Partners purchased Thomas Nelson for $473 million in 2006, and an investor group led by Kohlberg Ventures purchased a majority of its stock in 2010.
News Corp. is letting HarperCollins go on a bit of a shopping spree this month: Last week it purchased independent publisher Newmarket Press.”
Steve, Thanks so much for the additional information — it helps puts the purchase in perspective. Do you think they will run Nelson as a separate company, or merge it with Zondervan? I believe that NewsCorp has purchased more than one newspaper in the same city without merging them, so it makes sense that Thomas Nelson would operate much as they always have.
See number 3 & 4 from today’s blog post: