About Me

A blog wherein a literary agent will sometimes discuss his business, sometimes discuss the movies he sees, the tennis he watches, or the world around him. In which he will often wish he could say more, but will be obliged by business necessity and basic politeness and simple civility to hold his tongue. Rankings are done on a scale of one to five Slithy Toads, where a 0 is a complete waste of time, a 2 is a completely innocuous way to spend your time, and a 4 is intended as a geas compelling you to make the time.

Monday, March 1, 2010

Going solo

There's an announcement today that Reed Business Information is selling off Library Journal and School Library Journal to the company that owns Hornbook and Junior Library Guild.

This may not be a good thing for Publishers Weekly, also owned by Reed Business and not part of this transaction.

In an earlier round of restructure, PW had been consolidated for certain purposes with LJ and SLJ, as an example a consolidated website situation where one user had access to all sites, and with some management positions consolidated for the three publications. Considering the decline in print advertising for PW over recent years, this ability to put overhead costs over multiple magazines was no doubt very helpful to the PW bottom line. Now, PW has to have its own publisher all to itself, it can't cross-sell internet ads with the other magazines, it'll be more on its own. LJ and SLJ may have held up a tad better with their tighter focus on library markets. PW has always suffered from being a little bit of everything to a lot of different constituencies in the publishing business and not always vital to any of them, that even before the on-line migration and the economic challenges of the past couple of years. More challenges ahead...

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