More on the Purchase of Thomas Nelson by HarperCollins

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 and former CEO, Michael Hyatt, is an avid blogger with 104,779 Twitter followers. The company bundles free digital and audio editions with the purchase of any print book, and it has its own digital download store including bestselling books, audio, video and children’s materials. This February, it ran a Charlie and the Chocolate Factory-like sweepstakes to get readers into bookstores: Shoppers who found randomly placed “On the House” stickers in Thomas Nelson titles they purchased from booksellers across the country won digital prizes like e-readers, iPads and digital downloads.”

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.”

 

4 Responses to More on the Purchase of Thomas Nelson by HarperCollins

  1. Cara Putman October 31, 2011 at 3:04 pm #

    I’m…stunned! Wow!

  2. Dave Fessenden November 1, 2011 at 1:21 pm #

    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.

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