News Corp Completes Acquisition Of Houghton Mifflin Harcourt Books & Media Segment
New York (May 10, 2021) - News Corp announced today that it has completed its acquisition of the Books & Media segment of Houghton Mifflin Harcourt (HMH Books & Media).
As previously announced, the business will be operated by HarperCollins Publishers, a News Corp subsidiary.
We welcome the talented team at HMH Books & Media to HarperCollins, especially at a time when so many people in so many places are reading and listening to books, said Robert Thomson, Chief Executive of News Corp. With the addition of the compelling Books & Media backlist and frontlist, as well as its expertise and creativity in digital development, HarperCollins will be even better positioned to serve authors and audiences around the world.
We are happy to welcome HMH Books & Media employees, authors, and illustrators to the HarperCollins family, said Brian Murray, President and CEO of HarperCollins Publishers. Uniting two publishing companies, each with more than 200 years of literary history, will be the focus of our combined teams. We look forward to new and exciting opportunities as we chart a stronger future together.
HMH Books & Media, with its extensive backlist of more than 7,000 titles and a significant frontlist in the lifestyle and children's segments, has a history of strong profitability. Popular HMH Books & Media titles include 1984 and Animal Farm, Curious George, The Polar Express, Little Blue Truck and The Little Prince. The acquisition gives HarperCollins US rights to J.R.R. Tolkien's works, which means the publisher now has global English language rights to titles that include The Hobbit and The Lord of the Rings trilogy.
HMH Books & Media's Productions business repurposes its popular brands across media platforms, including the animated series Carmen Sandiego on Netflix, which is also in development as a live-action feature film. The company also has a flourishing audiobooks business, which is expected to add value to HarperCollins's own large and growing audiobook revenue stream.
HMH Books & Media was acquired by News Corp for $349 million in cash.
HarperCollins Publishers is the second-largest consumer book publisher in the world. In the most recent quarter, ending March 31, 2021, HarperCollins had 19% revenue growth, year-over-year, and Segment EBITDA surged 45%, with both frontlist and backlist performing strongly.
Headquartered in New York, HarperCollins has publishing operations in 17 countries. With 200 years of history and more than 120 branded imprints around the world, HarperCollins publishes approximately 10,000 new books every year in 16 languages, and has a print and digital catalog of more than 200,000 titles. Writing across dozens of genres, HarperCollins authors include winners of the Nobel Prize, the Pulitzer Prize, the National Book Award, the Newbery and Caldecott Medals, and the Man Booker Prize. HarperCollins has been home to authors who include Mark Twain, the Bront sisters, Thackeray, Dickens, John F. Kennedy, Martin Luther King Jr., Maurice Sendak, Shel Silverstein, and Margaret Wise Brown.
###
About News Corp
News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. The company comprises businesses across a range of media, including: digital real estate services, subscription video services in Australia, news and information services and book publishing. Headquartered in New York, News Corp operates primarily in the United States, Australia, and the United Kingdom, and its content and other products and services are distributed and consumed worldwide. More information is available at: http://www.newscorp.com.
Contacts
News Corp Investor Relations
Michael Florin
212-416-3363
mflorin@newscorp.com
News Corp Corporate Communications
Jim Kennedy
212-416-4064
jkennedy@newscorp.com
Erin Crum
HarperCollins Corporate Communications
212-207-7223
Erin.Crum@harpercollins.com
Forward-Looking Statements
This release contains forward-looking statements based on current expectations or beliefs, as well as assumptions about future events, and these statements are subject to factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The words expect, estimate, anticipate, predict, believe, potential and similar expressions and variations thereof are intended to identify forward-looking statements. These statements appear in a number of places in this release and include statements with respect to, among other things, the potential benefits from, the acquisition of the Books & Media segment of Houghton Mifflin Harcourt. Readers are cautioned that any forward-looking statements are not guarantees of future performance and involve risks and uncertainties. Many factors could cause actual results to differ materially from those described in these forward-looking statements. The forward-looking statements in this release speak only as of this date and News Corp and HarperCollins undertake no obligation (and expressly disclaim any obligation) to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
News Corp Completes Acquisition Of Houghton Mifflin Harcourt Books & Media Segment
10/05/2021
| LINK: | https://newscorp.com/2021/05/10/news-corp-completes-acquisition-of-hou... |
| See more stories from newscorp |
Most recent headlines
02/08/2021
TVU Offers Free Services to Emergency Responders in the EU
TVU Offers Free Services to Emergency Responders in the EUTVU Networks is offering free use of its TVU Anywhere mobile app to transmit full-HD live video and 10...
02/08/2021
Minnetonka AudioTools Server Adds MPEG-H Audio Authoring Workflow
Minnetonka AudioTools Server Adds MPEG-H Audio Authoring Workflow August 02, 2021 Fraunhofer IIS's MPEG-H Audio authoring workflow delivers benefits like...
02/08/2021
Live From Tokyo Olympics: ARD/ZDF Adjusts; Production Control Rooms in Mainz, Germany, Play Key Role
Live From Tokyo Olympics: ARD/ZDF Adjusts; Production Control Rooms in Mainz, Ge...
02/08/2021
Watch Now! Mental Health Minute, Ep. 10: Finding a Connection With Your High Schooler
Watch Now! Mental Health Minute, Ep. 10: Finding a Connection With Your High Sch...
02/08/2021
Live From Tokyo Olympics: Russia's Channel One Embraces EVS IPD-VIA
Live From Tokyo Olympics: Russia's Channel One Embraces EVS IPD-VIA By Ken Kerschbaumer, Editorial Director Sunday, August 1, 2021 - 6:14 pm Print This...
02/08/2021
Live From Tokyo Olympics: Karl Malone on the Move to Immersive Audio and Keeping Remote Commentators Connected
Live From Tokyo Olympics: Karl Malone on the Move to Immersive Audio and Keeping...
02/08/2021
Live From Tokyo Olympics: YLE Focuses on Athletics, Expands Remote-Production Efforts
Live From Tokyo Olympics: YLE Focuses on Athletics, Expands Remote-Production Ef...
02/08/2021
Live from the Tokyo Olympics: BMX Free at Ariake Urban Sports Park Gallery
Live from the Tokyo Olympics: BMX Free at Ariake Urban Sports Park Gallery BMX has its roots in the racing culture that existed in California in the mid-1970s a...
02/08/2021
Live from the Tokyo Olympics: High Jump Finals at Tokyo Stadium Gallery
Live from the Tokyo Olympics: High Jump Finals at Tokyo Stadium Gallery The 2020 High Jump competition turned out to be epic sportsmanship on display as Italy&#...
02/08/2021
Live from the Tokyo Games: Women's Triple Jump at Olympic Stadium Photo Gallery
Live from the Tokyo Games: Women's Triple Jump at Olympic Stadium Photo Gall...
02/08/2021
Live from the Tokyo Olympics: Men's 100 Meter Final from Olympic Stadium Photo Gallery
Live from the Tokyo Olympics: Men's 100 Meter Final from Olympic Stadium Pho...
02/08/2021
Live from the Tokyo Olympics: Fencing from Makuhari Messa Photo Gallery
Live from the Tokyo Olympics: Fencing from Makuhari Messa Photo Gallery Fencing is arguably the most theatrical of events at the Olympics simply because of the ...
02/08/2021
/C O R R E C T I O N -- SeaChange International, Inc./
/C O R R E C T I O N -- SeaChange International, Inc./ Download as PDF August 02, 2021 8:00am EDT In the news release, Screen iL Selects SeaChange as Techno...
02/08/2021
26/07/2021
Read SBS News coverage of this initiative here. SBS has launched live interpreting of the daily NSW Government COVID-19 press conference in languages other th...
02/08/2021
News Corp To Acquire OPIS
News Corp To Acquire OPIS Leading Data and Analytics Provider for Energy and Commodities Markets Will Provide New Pillars of Growth for Dow Jones Growing, Hig...
02/08/2021
Grass Valley Cements Leading Position in Live with Launch of New SDI/IP Solutions
MONTREAL, August 2, 2021 - Grass Valley reinforces its deep commitment to provid...
02/08/2021
Fujifilm launches second digital printlife@home exhibition to share the stories behind photos taken across Europe
Fujifilm launches second digital printlife@home exhibition to share the stories ...
02/08/2021
Banijay Brands Announces MasterChef Condiments Range
Banijay Brands today announces a partnership with premium brand and food manufacturer, Baxters, to develop a range of branded products for the world's most ...
02/08/2021
India Cooks Up Four New Versions of MasterChef
Banijay today announces a four-season commission of MasterChef in India. All four seasons will be produced by Endemol Shine India for Innovative Film Academy (I...
02/08/2021
Better Than 8K Resolution: NVIDIA Inception Displays Global AI Startup Ecosystem
There are more AI startups in healthcare than any other single industry. The number of AI startups in media and entertainment is about the same as that in retai...
02/08/2021
New 700 million UK TV and film facility announced
Development is expected to create over 4,500 permanent jobs and contribute more than £300 million annually into the local economy By Jenny Priestley Published...
02/08/2021
UK's largest independent virtual production facility opens its doors
Films and high-end TV productions can head to MARS for virtual production By Jenny Priestley Published: August 2, 2021 Films and high-end TV productions can...
02/08/2021
Telstra opens new UK Broadcast Operations Centre
BOC will host a Master Control Room, office space, and lab/workshop area designed to facilitate tests and builds By Jenny Priestley Published: August 2, 2021 ...
02/08/2021
Discovery mulling takeover bid for Channel 4'
Should any deal happen, it would give Discovery a large enough UK portfolio to compete for advertising with ITV By Jenny Priestley Published: August 2, 2021 ...
02/08/2021
Sony's flagship 65 BRAVIA XR X95J 4K HDR Full Array TV coming soon
The X95J series is Sony's current flagship BRAVIA XR 4K HDR Full Array TV and a winner of the CES 2021 Innovation Award[i], making full use of the new revol...
02/08/2021
I'm A Celebrity...Get Me Out Of Here! returns to Wales for the 2021 series
I'm A Celebrity...Get Me Out Of Here! returns to Wales for the 2021 series ITV today announces that the forthcoming 21st series of I'm A Celebrity...G...
02/08/2021
2020 Tokyo Olympics Coverage Continues for Second Week at WRAL, Tune in Nightly for The Olympic Zone
Behind the scenes of The Olympic Zone on WRAL-TV at 7:30pm during the 2020 Tokyo...
02/08/2021
NBCU Local To Buy Albuquerque Stations From Ramar Communications
NBCUniversal Local said it reached an agreement to acquire the TV stations in Albuquerque, New Mexico, owned by Ramar Communications....
02/08/2021
Bob Odenkirk Had Small Heart Attack on Better Call Saul Set
Bob Odenkirk opened up Friday about recently collapsing on the set of AMCs Better Call Saul, saying on Twitter that he had a small heart attack and is going to ...
01/08/2021
Live From Tokyo Olympics: Canon On Site for Lens, Camera Support
Live From Tokyo Olympics: Canon On Site for Lens, Camera Support By Ken Kerschbaumer, Editorial Director Friday, July 30, 2021 - 6:54 pm Print This Story ...
01/08/2021
Live From the Tokyo Olympics: ARD/ZDF Adjusts; Production Control Rooms in Mainz, Germany, Play Key Role
Live From the Tokyo Olympics: ARD/ZDF Adjusts; Production Control Rooms in Mainz...
01/08/2021
Live from the Tokyo Olympics: Russia's Channel One Embraces EVS-IPD-VIA
Live from the Tokyo Olympics: Russias Channel One Embraces EVS-IPD-VIA By Ken Kerschbaumer, Editorial Director Sunday, August 1, 2021 - 6:14 pm Print This ...
31/07/2021
Live from the Tokyo Olympics: Archery at Yumenoshima Park Photo Gallery
Live from the Tokyo Olympics: Archery Photo Gallery Yumenoshima Park is home to archery at the 2020 Tokyo Olympics. Archery is always a place for broadcast inno...
31/07/2021
Live from the Tokyo Olympics: Water Polo at the Tatsumi Water Polo Center
Live from Tokyo Olympics: Water Polo at Tatsumi Water Polo Center Photo Gallery Water Polo at the Tatsumi Water Polo Center puts the sport front and center and ...
31/07/2021
Live from Tokyo Olympics: Judo at Nippon Budokan Photo Gallery
Live from Tokyo Olympics: Judo at Nippon Budokan Photo Gallery Judo competitions are being held at Nippon Budokan and, as always, the competition is fierce and ...
31/07/2021
Live from the Tokyo Olympics: Golf at Kasumigaseki Country Club Photo Gallery
Live from the Tokyo Olympics: Golf at the Kasumigaseki Country Club Photo Gallery The men's Gold medal for golf will be awarded later today at Kasumigaseki ...
31/07/2021
Celebrate Billie Eilish's New Album Launch With Spotify's First-Ever Artist Hub and Enhanced Experiences
We have a feeling Billie Eilish fans are about to be very happy. Billie's hi...
31/07/2021
U.S. Navy Awards L3Harris Contract for 16 COMSATCOM Terminals
The company's long-standing commitment to the program and on-time delivery of the systems led to four additional units being added to this year's contra...
31/07/2021
Successful launch of EUTELSAT QUANTUM, the first full software-defined satellite
Photo credit: (Arianespace) Press release - 31 July 2021 08:20 Successful launch of EUTELSAT QUANTUM, the first full software-defined satellite Facebook ...
31/07/2021
Avid Unveils Sibelius Mobile App Placing Powerful Notation Tools at Music Creators' Fingertips Everywhere They Go
Sibelius users gain new mobile workflows with iPad app to compose anywhere Avi...
31/07/2021
Gannett, Amagi Partner On Channel Relaunches
MCLEAN, Va.-Gannett today announced the relaunch of its over-the-top (OTT) properties in partnership with media technology company Amagi, which is providing the...
31/07/2021
TVU Networks Hires Douglas Russell as NW Regional Accounts Manager
MOUNTAIN VIEW, Calif.-TVU Networks announced the appointment of Douglas Russell as the Northwest regional accounts manager, North America Sales. He will be base...
31/07/2021
NBCU Local To Acquire Ramar Communications' Stations In Albuquerque
NEW YORK-NBCUniversal Local has agreed to acquire stations from Ramar Communications in Albuquerque New Mexico that will expand its reach in the Latino communit...
31/07/2021
Nominations Open for Best of Show Awards at 2021 NAB Show
TV Tech is delighted to announce nominations are now open for our Best of Show awards to honor outstanding new and recently introduced products at the 2021 NAB ...
31/07/2021
Audio Monitoring: Adapting Quickly to Changing Tech
LOS ANGELES-The adoption of software-based platforms over recent years has ushered in a new era for audio monitoring device manufacturers and their customers. O...
31/07/2021
EEG Video Diversifies Servers Locations To Support Falcon Caption Localization
FARMINGDALE, N.Y.-EEG Video today announced the addition of new servers hosted in the western U.S., London and Sydney for users of its Falcon live streaming RTM...
31/07/2021
Cooke Special Flare Coating Delivers a Special Look for Star Trek
LEICESTER, U.K.-Flare is nothing new in filmmaking. Directors of photography use it all the time. While for many it's simply a light reflection from the len...
31/07/2021
RDM Speeds Into Virtual Production With ARRI
NEW YORK-In mid-2020, we were asked to concept a uniquely ambitious piece for the release of the 2021 Mercedes-Benz S-Class. We knew we had to come up with a cr...
31/07/2021
Multiviewers: Keeping an Eye on Things
LONDON-The screen has and always will be both the symbol of television and the means of watching it, however on both the viewing and production sides, displayin...
