Penguin Random House Buys Sasquatch Books

Seattle-based Sasquatch Books has been acquired by Penguin Random House for an undisclosed price. The publisher, which has a backlist of approximately 250 titles and publishes in a range of areas, was one of PW’s fast-growing independent publishers of 2016.

Sasquatch has been a distribution client of Penguin Random House Publisher Services for five years. In a move to maintain the company’s editorial independence, rather than make the company part of one of PRH’s publishing divisions, PRHPS president Jeff Abraham will oversee Sasquatch.

Commenting on the purchase, Abraham said that when he learned Sasquatch was looking for a buyer, the prospect of acquiring the company was “enormously appealing to both sides.”

Sasquatch, which is currently overseen by president Sarah Hanson, will remain based in Seattle. PRH added that no changes are planned for the publisher’s management and staff.

The biggest driver of sales at Sasquatch in 2016 was its 52 Lists journal series by Moorea Seal. The series, which features The 52 Lists Project and 52 Lists for Happiness, has more than 375,000 copies in print. Another title by Seal, Make Yourself at Home: Design Your Space to Discover Your True Self, was released last week.

Other subject areas covered by Sasquatch include nature, travel, lifestyle, food, and wine. In 2014, the company started a children’s imprint, Little Bigfoot.
https://www.publishersweekly.com/pw/by-topic/industry-news/industry-deals/article/74967-prh-buys-sasquatch-books.html

Related Posts

InnerWorkings Announces Second Quarter 2017 Results

• Gross revenue was $279.5 million in the second quarter, an increase of 4% compared with $269.2 million in the second quarter of 2016. Year-to-date gross revenue was $546.9 million, a 1% increase compared with $540.3 million in the prior period. • Gross profit (net revenue) was a record $70.2 million, or 25.1% of gross revenue in the second quarter, an 8% increase compared to $65.1 million, or 24.2% of gross revenue, in the same period of last year. Year-to-date gross profit (net revenue) was $134.5 million, or 24.6% of gross revenue, an increase of 6% compared to the prior-year period. • Net income was $4.5 million or $0.08 per diluted share in the second quarter, compared to a net loss of $2.3 million or $0.04 per share in the second quarter of 2016. Year-to-date net income was $10.0 million or $0.18 per diluted share, compared to a loss of $5.0 million or $0.09 per diluted share in the same period of 2016. Click Read More below for additional detail.

Intergraf Highlights Print’s Crucial Role In Education

In response to the recently published results of the 2022 Programme for International Student Assessment (PISA) by the OECD, Intergraf released a statement calling for a balanced approach to education, emphasizing the importance of retaining print materials in the learning process. The PISA 2022 results show a significant decline in student performance in reading, falling by 10 points in OECD countries. This is a substantial drop, equivalent to half a year’s worth of learning in reading. This decline is unprecedented in the history of PISA, as the OECD average score has never changed by more than five points in reading between consecutive assessments. While the COVID-19 pandemic appears to be a factor contributing to this decline, trend analysis reveals pre-pandemic declines in reading performance, thus indicating a long-term problem.

Bloomsbury Publishes Audited Preliminary Results for the year ended 28 February 2023

“We are delighted to have achieved these record results with sales up 15% to £264.1 million and profit up 16% to £31.1 million. Compared to two years ago, sales are up 43% and profits up 62%. Our growth outperformed the industry which was up 4%1. These results demonstrate the strength of our strategy to publish for both the consumer and the academic markets, unusual in our industry, and to grow digital revenues while expanding globally. In challenging economic times, readers are turning to books as affordable as they cut back on more expensive forms of diversion. Our long-term strategy to invest in digital content, which has delivered strong growth and cash, which enables future strategic investment in both our academic and consumer markets and potential acquisitions – the flywheel of Bloomsbury.
Back To Top
×Close search
Search