and more.
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More Headaches for Diamond Comic Distributors
In separate filings, the trustee overseeing the comics distributor’s bankruptcy made a motion that could result in the liquidation of the its assets, and Alliance Entertainment filed a lawsuit charging that Diamond inflated the value of its business.
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Alliance Calls Off Diamond Comic Distributors Deal
In yet another twist in the Diamond Comic bankruptcy proceedings, Alliance Entertainment terminated its agreement to purchase the company’s assets the day before an April 25 court hearing. Diamond owners promised to announce a new deal “very shortly.”
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Globe Pequot to Buy Square One Publishers
In its second purchase this year, Jed Lyons’s Globe Pequot Publishing Group has agreed to acquire the nonfiction indie publisher Square One Publishers, which was founded by Rudy Shur in 1999.
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PanelFly Launches Online Marketplace for Comic Book Distribution
Austin-based startup PanelFly has launched what it describes as the first online wholesale marketplace connecting retailers directly with comics publishers.
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WH Smith Bookstores Sold, Renamed TGJones
The 250-year-old U.K.-based chain of 480 outlets has been sold for £76 million to private equity firm Modella Capital and will operate under a new name. The WH Smith brand name and travel divisions were not included in the sale.
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Diamond Comic Distributors Has a Buyer. Now What?
After two months of intense speculation, the comics business finally has an answer to its biggest question of late: the bankrupt Diamond Comic Distributors is slated for acquisition by Alliance Entertainment, a new player in the sector.
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Globe Pequot Agrees to Buy Waterford Press
Globe's purchase of the Florida-based guidebook publisher is its first acquisition since its sister company, Rowman & Littlefield, was sold to Bloomsbury last May. Globe CEO Jed Lyons (pictured) said the purchase marks first of many niche acquisitions that the company hopes to make now that it is focused solely on the trade market.
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Zando Acquires Tin House
The respected literary press, founded in 2002, will become an imprint of the expanding independent publisher Zando, which was launched by former Crown publisher Molly Stern in 2020.
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The Book Business Prepares for Tariff Turmoil
New Trump Administration tariffs on goods from Canada, Mexico, and China have been delayed yet again, only adding to uncertainty among publishers and printers about what the levies could mean for their businesses.
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Readerlink Will Stop Distributing Mass Market Paperbacks at the End of 2025
The move, by the country's largest distributor of mass market paperbacks, is a severe blow to the format, which has seen steadily declining sales but is still the cheapest option for buying print books.
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