June 10, 2020

KKR completes OverDrive purchase

KKR completes OverDrive purchase Jun 10 2020 The investment firm KKR has completed its purchase of OverDrive, which distributes eBooks, audiobooks, music, and video titles to more than 45,000 libraries worldwide. On Christmas Eve, KKR announced it had reached an agreement to acquire the digital reading platform from the Japanese conglomerate Rakuten. The deal was expected to be closed in the first quarter of 2020; it is not known whether the pandemic caused a problem in completing the agreement. Source: Publishers Weekly More News Stories

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“Do better, publishing people”: an open letter to the industry

I have to start by admitting that when I began writing this letter last week, I was boiling mad and ready to take everyone on. Now, in its tenth or twentieth draft (I don’t know which) I’m still boiling mad, but most of your gaslighting social media posts that sent me over the edge have gone, so I’ve calmed down a little. A little. I am still boiling mad and I still think you need to know a few things. Firstly – and most importantly – you need to know: publishing is a hostile environment for Black authors.

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