HarperCollins Finalizes Acquisition of Thomas Nelson - somersault

HarperCollins Finalizes Acquisition of Thomas Nelson

In a deal that unites the country’s 2 largest religion book publishers, HarperCollinsPublishers (@HarperCollins), parent company of Zondervan (@zondervan), has finalized its agreement (first announced Oct. 31, 2011) to acquire Thomas Nelson (@ThomasNelson) for $200 million. According to the news release

Thomas Nelson will continue to operate as an independent company with its unique editorial focus on inspirational and Christian content. Details, such as how Thomas Nelson will benefit from HarperCollins global print and digital platform, will be forthcoming.

HarperCollins also has a religion imprint called HarperOne (@HarperOne).

Read the news release.

GalleyCat says

Last month, News Corp. (the corporate parent of HarperCollins) announced it would split into two entities, an entertainment business and a publishing business.

Digital Book World says

Digital revenues are growing quickly in Christian publishing, with the Association of American Publishers reporting nearly a 50% increase in digital revenues in religious publishing in February 2012 versus February 2011.

See our previous blogpost, “HarperCollins to Acquire Thomas Nelson.”

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Somersault Group

Announcing Somersault Group, doing business as Somersault. We believe the unprecedented changes occurring in the publishing world aren’t a crisis; they’re a playground of possibilities. We're here to help clients embrace change and leverage it to fulfill their mission. We're flipping the publishing world right-side up! Due to rapidly churning communication technology and seismic shifts in the book market distribution landscape – from the Internet to eReaders and the iPad to individual book print-on-demand capability – publishers expect authors to take more responsibility for the development, promotion, and sales of their books. Somersault helps publishers, agents, ministry partners, and Christian authors adapt to these changes with dexterity. We combine the experience and vision of Somersault publishing executives with the integrated marketing and technology expertise of digital natives. We honor good ideas and the creative people who embody them. We believe in the power of books to change lives, and are committed to help authors tell their stories and actively engage their readers. We want to be known for our nimbleness and responsiveness. Anticipating and embracing the future, being attentive to consumer behavior, inviting collaboration, and encouraging entrepreneurship are our core values, as we operate within the framework of having fun and reflecting the kingdom of God. We’re seeking ‘blue water’ opportunities, be they pond, lake, or ocean. We provide authors with brand counseling, editorial direction, research capabilities, marketing strategy, Internet and social media presence, and a comprehensive portfolio of publishing assistance. Our mission is to change lives by connecting inspirational content creators with readers using exceptional creativity, right-now technology, and old-fashioned personal care. See all our social networks on our Google profile. Contact us at hello@somersaultgroup.com, 1.616.551.1539, 131 Division Ave. S., Suite 300, Grand Rapids, MI 49503-4215.

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