Archive for the 'Publishing' Category

Springer Science+Business Media Sold to EQT and GIC

Posted in Publishing on December 13th, 2009

Springer Science+Business Media has been sold to EQT and GIC.

Here's an excerpt from the press release:

The Board of Directors of Springer Science+Business Media (Springer Group), composed of Springer executives and representatives of Cinven and Candover, have agreed to accept an offer from and have signed a sales agreement with a partnership of EQT, a private equity investor based in Sweden, and GIC, a Singapore-based co-investor, for all shares of the Springer Group. The Springer Group is the world’s second largest scientific, technical and medical (STM) publisher and a leader in the digitalization of scientific information.

Furthermore, EQT and GIC have agreed to inject new equity into the Springer Group, to strengthen its balance sheet and decrease the overall cost of funding. A refinancing agreement with a syndicate of banks will give the Springer Group medium-term stability by removing imminent potential refinancing issues.

The acquisition is subject to examination and approval by European, US and national competition authorities. This process is expected to be finished by mid to late January or early February 2010.

Derk Haank, Springer’s CEO, said, “The Springer Executive Management Team has had constructive and collegial discussions with EQT. I am confident that this marks the beginning of a new exciting and successful chapter for us and for our new partners at EQT and GIC. The sale will allow us to move our ambitious and ongoing 'e' strategy forward, and to invest more heavily for our stakeholder’s benefit – this is the best solution for the company, our employees and shareholders.”

Read more about it at "Springer Group, Second-Leading STM Publisher, Sold by/to Private Equity Firms" and "Springer Publishing Group Sold for €100m ."

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    Objections to the Google Books Settlement and Responses in the Amended Settlement: A Report

    Posted in Copyright, Digital Copyright Wars, E-Books, Google and Other Search Engines, Mass Digitizaton, Publishing on December 10th, 2009

    The Public-Interest Book Search Initiative at the New York Law School has released Objections to the Google Books Settlement and Responses in the Amended Settlement: A Report.

    Here's an excerpt:

    This report collects information about the objections raised to the original proposed settlement in the Authors Guild v. Google litigation. We identified 76 distinct issues, which we grouped into 11 categories. This report briefly summarizes each issue, provides an illustrative quotation from a filing with the court, and indicates any related changes in the amended settlement. . . .

    This report is descriptive, not evaluative. Inclusion of an issue means only that at least one party made the full argument in a filing to the court. It does not represent any judgment about whether the objection accurately characterizes the settlement or the underlying facts. Nor does it represent any judgment about the legal merits of the objection. Our classification and ordering of the objections are meant as an aid to the reader, not substantive commentary. Our choice of representative quotations is not meant as an endorsement of any particular filer’s arguments. Similarly, inclusion of changes from the amended settlement does not represent a judgment about whether the changes address the relevant objection.

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      UC Publishing Services Launched

      Posted in Digital Presses, Digital Repositories, Open Access, Publishing, University Presses on December 8th, 2009

      The University of California Press and the California Digital Library have launched the UC Publishing Services (UCPubS).

      Here's an excerpt from the press release:

      UCPubS offers a suite of open access digital and print publication services to University of California centers, institutes, and departments that produce scholarly books. By coordinating the publishing efforts of UC Press, the California Digital Library's eScholarship program, and publishing partners throughout the UC system, UCPubS provides a sustainable publishing model that extends the University's capacity to disseminate its scholarship to the world.

      Building on current publishing activities, UCPubS enables organizations such as the Townsend Center at UC Berkeley and the Higher Education Research Institute at UCLA to focus on scholarship rather than on distribution, sales and web platform development. "Campus partners immediately recognize the benefits of this program as it solves so many of the logistical challenges they face as small publishers," according to Laura Cerruti, Director of Digital Content Development at UC Press. These challenges include reaching a broader public by increasing print sales and gaining access to new market channels; streamlining peer review and manuscript production; reliable preservation of digital publications; and tracking usage and sales of publications. "The program seeks to enable greater visibility of UC-affiliated research while reducing duplication of effort and cost," Cerruti added.

      With this shared resource model, campus publishing partners are responsible for selection of content, peer review, editing, design, and composition. eScholarship provides open-access digital publishing, peer review and manuscript management tools, and preservation. University of California Press handles printing (using print-on-demand technology), sales and distribution of print publications, and online marketing for both print and digital publications. "For the University Press and the Library, it is a mutually beneficial partnership, enabling us to amplify our capacity to serve our institution in ways that neither one of us could do as effectively alone. Combining eScholarship's open access platform with UC Press"s commercial distribution capacity brings two seemingly divergent models together as a flexible solution to monographic publishing needs at UC," says Catherine Mitchell, Director of the Publishing Group at the California Digital Library. . . .

      Several partners are already using UCPubS services: The Bancroft Library, UC Berkeley; California Academic Partnership Program (CAPP); The Earl Warren Institute of Race, Ethnicity, and Diversity, UC Berkeley School of Law; The Townsend Center for the Humanities, UC Berkeley; Global, Area, and International Archive (GAIA); Higher Education Research Institute at UCLA; Regional History Project at the University Library, UC Santa Cruz; and the UCLA Graduate Student Association.

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        JISC National E-Books Observatory Project: Key Findings and Recommendations

        Posted in E-Books, Publishing on December 1st, 2009

        JISC has released JISC National E-Books Observatory Project: Key Findings and Recommendations. Final Report, November 2009.

        Here's an excerpt from the press release:

        The results of the two year project exploring the behaviours of e-book users and the impact of course text e-books on print sales are now available. The final report summarises the key findings of the project and the recommendations for future action. . . .

        The final report summarises the findings and data captured through deep log analysis, focus groups, user surveys and print sales analysis. I recommend that if you wish to see more detail that you read the relevant reports and look at the original data that is also available. Please see the reports page for further information and for the individual reports.

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          CMAJ to Cease Being an Open Access Journal in January 2010

          Posted in Open Access, Publishing, Scholarly Journals on November 30th, 2009

          CMAJ, which has been an open access journal since 1995, will cease being so in January 2010, when some content will be restricted to subscribers.

          Here's an excerpt from the "No Longer Free for All":

          The harsh economic reality is that CMAJ, like many others in the publishing industry, has experienced a considerable decline in advertising revenue over the past two years. This loss necessitated an extensive examination of other business models to adequately address today’s economic challenges.

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            A Guide for the Perplexed Part III: The Amended Settlement Agreement

            Posted in Copyright, Digital Copyright Wars, E-Books, Google and Other Search Engines, Mass Digitizaton, Publishing on November 29th, 2009

            The American Library Association, the Association of Research Libraries, and the Association of College and Research Libraries have released A Guide for the Perplexed Part III: The Amended Settlement Agreement.

            Here's an excerpt from the press release:

            The guide describes the major changes in the amended settlement agreement (ASA), submitted to the Court by Google, the Authors Guild, and the Association of American Publishers on November 13, 2009, with emphasis on those changes relevant to libraries.

            While many of the amendments will have little direct impact on libraries, the ASA significantly reduces the scope of the settlement because it excludes most books published outside of the United States. In addition, the ASA provides the Book Rights Registry the authority to increase the number of free public access terminals in public libraries that had initially been set at one per library building, among other changes.

            Looking ahead, the Court has accepted the parties’ recommended schedule and set January 28, 2010, as the deadline for class members to opt out of the ASA or to file objections, and February 4, 2010, as the deadline for the Department of Justice to file its comments. The Court will hold the fairness hearing on February 18, 2010.

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              Digital Video: The Google Books Settlement: Issues and Options

              Posted in Copyright, Digital Copyright Wars, E-Books, Google and Other Search Engines, Mass Digitizaton, Publishing on November 22nd, 2009

              The UCLA Library has made The Google Books Settlement: Issues and Options, a digital video featuring copyright expert Jonathan Band, available on YouTube.

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                Preliminary Approval Granted for Amended Google Book Search Settlement

                Posted in Copyright, Digital Copyright Wars, E-Books, Google and Other Search Engines, Mass Digitizaton, Publishing on November 20th, 2009

                US District Court Judge Denny Chin has granted preliminary approval of the amended Google Book Search Settlement.

                Here's the order.

                Read more about it at "Judge Gives Preliminary Approval to Google Deal, Sets Feb. 18 for Final Hearing" and "Judge Sets February Hearing for New Google Books Deal."

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