Breaking News in US vs Apple DOJ Case!

Breaking news has been released in the United States vs Apple Department of Justice Case! According to a Publishers Weekly article titled, “Apple Loses: Judge Finds Price-Fixing in E-Book Case,” Judge Denise Cote has put an end to the case that has left major publishing houses and Apple in jeopardy.   Her descision was not in favor of the involved publishing companies, Macmillian, Penguin, HarperCollins, Simon & Schuster, and Hachette, or Apple Inc.   These companies did, indeed, collude to fix e-book prices in 2010.  “This Court finds by a preponderance of the evidence that Apple conspired to restrain trade in violation of Section 1 of the Sherman Act,” said Judge Cote.  “With Apple’s active encouragement and assistance,” she continued, “the Publisher Defendants agreed to work together to eliminate retail price competition and raise e-book prices, and again with Apple’s knowing and active participation, they brought their scheme to fruition.” 

Click here to read the rest of the article!

Publishing News From the NYTimes

While the publishing industry continues to grow and change, bookworms, professionals and news reporters alike have taken notice.  The following two articles recently published by the New York Times discuss current events taking place in the publishing industry.

 

Boris Kachka discussed the largest book-publishing merger in history in his article, titled “Book Publishing’s Big Gamble.” The PenguinRandomHouse merger, completed on July 1, creates a new publishing landscape.  Kachka lists Penguin Random House as “the world’s first truly global trade book publishing company.” The former “Big Six” publishing houses in the United States has been changed to the “Big Five,”  leaving the door open for other publishing mergers, as well.  With the digital reading revolution changing the field and the recent defeat by Amazon in the antitrust lawsuit over e-book prices, publishers have to find new ways to remain current and gain higher profits- including merging with former competitors.   

 

As Amazon continues to succeed with e-book sales and creations, writer Julie Bosman, sheds light on the collapse of Barnes & Noble’s e-reader operations division.  In her article, “Fork in the Road for Barnes & Noble,” Bosman details Barnes & Noble’s poor, digital earnings report, which led to the announcement that they would no longer create color tablets.  William Lynch, Barnes & Noble’s chief executive, positively spearheaded the digital campaign in January 2012 that lasted only 16 months.   In 2009, the company introduced the Nook, its first black-and-white e-reader and has been Mr. Lynch’s resignation leaves Barnes & Noble in limbo with what to do next.  introducing its first black-and-white e-reader in 2009, and then a line of inexpensive color tablets.  Chairman of Barnes & Noble,   Leonard Riggio, has now taken the reigns and may steer the company back into physical bookstores, much to the happiness of traditional, print readers.

 

The New York Times is a wonderful source of information about events in the publishing industry, as well as for their reknown Book Reviews and Bestseller sections.  Students interested in subscribing to the NYT should take advantage of their College Rate subscriptions- 50% off the original price!

How Well-Read Are You?

Ever wonder how well-read you are?  A recent BookRiot article by Jeff O’Neal, Editor-in-Chief & Co-founder of the site, may be able to answer your question. In “From Zero to Well-Read in 100 Books,” O’Neal gives readers a list of books that he believes make an individual “well-read,” including classics like To Kill A Mockingbird by Harper Lee and Moby Dick by Herman Melville, and modern bestsellers like The DaVinci Code by Dan Brown and Gone Girl by Gillian Flynn.

 

” “Well-read,” O’Neal writes, “for this person then has a number of connotations: a familiarity with the monuments of Western literature, an at least passing interest in the high-points of world literature, a willingness to experience a breadth of genres, a special interest in the work of one’s immediate culture, a desire to share in the same reading experiences of many other readers, and an emphasis on the writing of the current day.”

 

Click here to see how many books you can cross off O’Neal’s list.  I have 18 read so far and am looking forward to catching up on my new, summer reading list! Comment with your book number and share your thoughts about the titles that made the cut with your classmates!

 

Special thanks goes to student, Miguel Cervantes, for first posting this article in the “Pace Publishing Pack” Facebook group!  If you are a current or alumni MS in Publishing student with an active Facebook account, consider becoming part of the Publishing Pack to learn more about the program and your fellow classmates.

The Two Jane Friedmans

The publishing world has developed a reputation as a small, tight-knit community of professional individuals who share a passion for books.  It is also home to two very successful women with vast knowledge of and experience in the industry.  It just so happens, that they also share the same name- Jane Friedman.  One is the the CEO of a digital only publisher and the other a very popular, publishing blogger and former editor.  Keep reading to learn more about their stories and companies!

 

Jane Friedman, Open Road Media

Jane Friedman is the Cofounder and CEO of Open Road Media.  Open Road Integrated Media is a digital publisher and multimedia content company that markets its ebooks using video content and social media.   Click here to visit Open Road Media’s Blog.  Friedman served as President and Chief Executive Officer of HarperCollins Publishers Worldwide for 11 years and oversaw operations in the United States and in countries like Canada, the United Kingdom, Australia, New Zealand and India.  She also held many positions at Random House including the Executive Vice President of Random House Inc. Friedman currently serves as the Co-Chair of the Entertainment, Media and Communications Division of the UJA, and is on the boards of many organizations.  Her many awards and honors include being chosen as one of New York’s 50 Most Powerful Women by the New York Post, the 2006 Person of the Year by Publishers Weekly, one of The Wall Street Journal’s 50 Women to Watch, named one of New York’s 100 Most Influential Business Leaders by Crain’s New York Business, and included on Vanity Fair’s list of 200 Women Legends, Leaders and Trailblazers.

 

Jane Friedman, Author of Jane Friedman Blog

Our second Jane Friedman is an editor at the national award-winning magazine, the Virginia Quarterly Review, as well as a very well known publishing blog writer.  Visit her blog titled, Jane Friedman: Writing, Reading, and Publishing in the Digital Age, hereSome of her most popular posts include Start Here: How to Get Your Book Published” and  “A Definition of Author Platform.” The blog won the Alliance of Indepdendent Authors for Top Website for Self-Publishers and was one of Writer’s Digests Top 101 Websites for Writers in 2013.  “I wear many hats,” Friedman says,”but most people know me as a trusted resource for writers, someone who is clued into the future of the publishing and media industry.”  She also teaches in the Media Studies program at the University of Virginia.  Friedman was also the former publisher of Writer’s Digest, where she worked for over 10 years.  Connect with Friedman on Twitter, LinkedIn and Facebook, as well!

 

 

Written By: Diana Cavallo

Exciting Summer and Fall 2013 Courses!

Haven’t decided on your Summer or Fall 2013 course schedule yet?  Never fear!  A full schedule of courses are being offered!  Click here to view the Summer 2013 and Fall 2013 course schedules. Highlighted below are a few interesting and important classes that you might want to consider registering for.

 

The book and magazine publishing industry has undergone tremendous changes in only a few short years. With the explosion of pure online content sites, interactive tools and ebooks, and media-centric mobile applications on the market, roles that were once more common in technology fields are now becoming standard in publishing houses as well. In the last few years we’ve seen a new role in particular emerge in publishing. Digital product management is no longer just for computer science or engineering majors working in software companies. With user experience, return visits, and content quality becoming the predominate drivers of successful digital media sites and apps, publishing companies are now turning to professionals with traditional liberal arts and publishing skills to help develop engaging media products.  Now the digital project manager – the person who oversees the creation of all of these content-driven sites, tools or mobile applications – often plays a key role in developing all of the kinds of features for publishing companies.  This course will help take the mystery out of technical product development and methodologies, give students hands-on, highly sought after skills, and bridge the gap in ways that publishing professionals can immediately put into practice. This course addresses, in both books and magazines, interactive media content.

 

This course stresses academic publishing. It introduces students to the principles and practices of scholarly, professional, college textbook, school, and reference publishing, and looks at the impact of technology on these segments of the market. The course covers all aspects of the business, from editorial and production to marketing and sales. Students explore current issues and work with a variety of publishing documents such as book proposals, sales sheets, and marketing plans to gain practical insight into these critical tools.  Guest speakers form major publishers will provide insights from the industry.

 

This course will focus on ethics in the publishing industry – both personal ethics and the business ethics dictated by the legal requirements and cultural trends.  How personal ethics are developed and how they might be applied in the workplace will be explored; students will also examine cases of questionable ethics (and criminal offenses) in the publishing industry dealing with fraud, plagiarism, and copyright infringement using specifics both general and specific examples.  Ethics as opposed to compliance and the growth of ethics courses in universities as well as in industry will be examined.  Students will look at how society dictates ethical behavior through religion, philosophy and the law.  The concept of an ethical culture will be examined and applied to the publishing industry.

 

This course examines the strategic methodology of supply chain management; primarily in the book publishing industry. Supply chain models of other print as well as electronic publishing will be discussed. Supply Chain Management is an interdisciplinary subject and students will be exposed to many aspects of publishing – after the original work is completed and ready for publication. The topics this course will cover include: basic economic principles; supply chain models; forecasting and analyzing consumer demand; procurement and global sourcing; inventory planning; ordering and fulfillment; logistics.

Pace Publishing Professor Quoted in Smartphone App Article

Pace MS in Publishing Professor Aaron Goldsmid was quoted in a very interesting article about a new Facebook messaging system that involves talking heads. Prof. Goldsmid teaches PUB 622J, the “Seminar on Books & Magazines: Practical Applications of Product Management in Digital Media” course with Professor Christine Ford, which offered during the Summer I class session.  Prof. Goldsmid currently works as a Digital Product Manager for Facebook.

 

  The Verge article by Ellis Hamburger chronicles the story of Facebook product designers, Joey Flynn and Brandon Walkin, who developed “Chat Heads.”  “Chat Heads” was designed to allow people to send text messages while doing other things on their smartphones.  Your contact’s face will appear in a bubble across the top of any smartphone app being used and allow you to effectively multitask!

 

Click here to read the full article from The Verge about how “ChatHeads” are becoming the future of Facebook messaging, and what Prof. Goldsmid thinks about it!

By: Diana Cavallo

A New Editor for The New York Times Book Review!

While The New York Times Book Review constantly changes its reviewed titles, it has recently been announced that a change has also been made in the Review’s editor.  Pamela Paul, the former features editor and children’s book editor, will succeed long-time editor, Sam Tanenhaus.  Paul is an award-winning author and journalist, and also contributes to other sections of the Times including Styles and Arts.  In an article for The Daily Beast, Tanenhaus said this of the new Review’s new editor: “I’m delighted Pamela will be the next editor…She’s an inventive, inquisitive journalist with a great feel for the changing moment and also for deep cultural currents. No less important, she is a wonderful colleague much respected by the TBR staff.” 

 

As a future member of the publishing industry, it was interesting to read about the new editor’s thoughts about the publishing industry from an interview with the Beast’s Steve Kettmann.  When asked about the future of books, Paul offers an opinion that comforts professionals worried about changing publishing trends: “a book, to my mind, is still one of the best ways to tell stories and deliver information and I don’t think it’s going anywhere. I think that’s a part of human nature.” She also cites her mother, who was also a writer, as a main source for her love of books, and goes on to say that she is currently reading Wolf Hall by Hilary Mantel.  Paul brings an unique perspective to the New York Times Book Review editor position, since she has experienced her own reviews as an author.  To read the rest of her interview, click here.

By: Diana Cavallo

Stephen Shepard Memoir

For those of you who enjoyed our recent post about the literary agent memoir of Sterling Lord, we’ve found its magazine equivalent in Deadlines and Disruption: My Turbulent Path From Print To Digital, a memoir by Stephen B. Shepard.  After spending 50 years in the news business, Shepard has many titles to his credit.  He is a founding dean of the Graduate School of Journalism at the City University of New York and was the editor-in-chief of BusinessWeek for 21 years.   The Bronx, NY-native is also American Society of Magazine Editors Hall of Famer and former president. He published his 2012 memoir about remembering how he helped turn BusinessWeek into one of the most lucrative magazines and the digital changes it underwent during the new industry trends.  

 

The following is an excerpt from Deadlines and Disruption:

“When I succeeded Lew Young as editor-in-chief in the fall of 1984, I had no idea that business journalism was at the dawn of a golden age.  The Dow Jones average was around 1,200—less than one-tenth of its current value. The just-introduced Apple (AAPL) Macintosh computer was little more than a novelty. And Chinese leaders still wore Mao suits.

Over the next 20 years, during my tenure as editor, the stock market soared, a technology revolution took hold, and China and India emerged as major forces in the world economy. There was a dot-com boom and bust, and there were scandals on Wall Street (Mike Milken, Ivan Boesky, and their cronies). Corporate chief executives emerged as cultural icons (Warren Buffett, Bill Gates, Steve Jobs, and Jack Welch) or as villains (Jeff Skilling of Enron and Dennis Kozlowski of Tyco).

Business journalism had fully emerged from the media backwaters, and I was lucky enough to have a front-row seat at some of the great events of our time. With a strong wind filling its sails, Businessweek flourished both editorially and financially. We produced more than 1,000 issues on my watch, some 100,000 stories of varying length, and well over 10 million words. At its peak, the magazine topped 1.2 million in worldwide circulation, and it had built a formidable journalistic machine. With nearly 250 people on the editorial staff, we had more foreign correspondents than Newsweek and a larger Washington bureau than Time.

By my estimate, we took in more than $6 billion in revenue and earned at least $1 billion in operating profit during my 20-year tenure—making Businessweek one of the most lucrative magazines in the world. Back in 1984, however, I knew only that Businessweek had to change.” 

 

Click here to continue reading this excerpt! 

Click here to watch a video of Stephen Shepard discussing his memoir!

Anyone interested in internships or jobs at Bloomberg Businessweek should visit their Jobs website!

 

Beloved Book Quotes for Valentine’s Day!

Happy Valentine’s Day MS in Publishing students!

 In the spirit of this romatic holiday, we have put together a short list memorable quotes from some of the most beloved love stories of all time. 

 

Do I love you? My God, if your love were a grain of sand, mine would be a universe of beaches.” ―The Princess Bride by William Goldman

 

 “Love is like the wind, you can’t see it but you can feel it.” ―A Walk to Remember by Nicholas Sparks

 

 “That’s what’s wrong with you. You should be kissed and often, and by someone who knows how.” – Gone with the Wind by Margaret Mitchell

 

Did my heart love till now? forswear it, sight! For I ne’er saw true beauty till this night.”― Romeo and Juliet by William Shakespeare

 

 “My heart is, and always will be, yours.” – Sense and Sensibility by Jane Austen

 

He’s more myself than I am. Whatever our souls are made of, his and mine are the same.” –Wuthering Heights by Emily Bronte

 

I am nothing special, of this I am sure. I am a common man with common thoughts and I’ve led a common life. There are no monuments dedicated to me and my name will soon be forgotten, but I’ve loved another with all my heart and soul, and to me, this has always been enough.” ― The Notebook by Nicholas Sparks 

 

“If, however, your feelings have changed, I would have to tell you: you have bewitched me, body and soul, and I love… I love… I love you. And I never wish to be parted from you from this day on.” ―Pride and Prejudice by Jane Austen

 

 Some quotes for students who love YA and Children’s Literature:

 

I’ll love you forever, I’ll like you for always, as long as I’m living, my baby you’ll be.” Love You Forever by Robert N. Munsch

 

 Remember, we’re madly in love, so it’s all right to kiss me anytime you feel like it.”
The Hunger Games by Suzanne Collins 

 

You are my life now.”Twilight by Stephenie Meyer

Edward Monagle

Professor Edward Monagle is an independent publishing consultant and serves has served as an Adjunct Professor in Pace University’s MS in Publishing program since 2012.  He teaches PUB 608 the “Financial Aspects of Publishing” course.

Prof. Monagle was the Chief Financial Officer of Achieve 3000 from 2005-2006 and the Senior VP of Finance Operations at Scholastic for 20 years.  Prior experience at Scholastic includes his time spent as Senior VP of Scholastic Book Fairs.