AOL Time Warner is taking its consumer book group, which includes Warner Books and Little Brown, off the market because the giant media conglomerate was unable to get 'a price that reflected the value of the asset.' The recent sale of its stake in the cable network Comedy Central for $1.2 billion has evidently given AOL Time Warner the financial breathing room that it needs to avoid letting go of its publishing arm at a fire sale price. This news matters to pop culture retailers because it means that DC Comics will continue to be able to take advantage of an excellent 'in-house' book distribution system. By using Warner Books and the WEA distribution arm, DC pioneered the current trend toward graphic novel publishing, which has altered the economics of comic book publishing and helped gain new readers for comic book publications.
Book Group Stays Put
Posted by ICv2 on June 4, 2003 @ 11:00 pm CT
MORE SHOWBIZ
Three-Issue Miniseries to Launch in July 2024
April 19, 2024
The three-issue miniseries will launch in July 2024.
In 2024
April 19, 2024
Bushiroad will release new [Oshi No Ko] and JoJo’s Bizarre Adventure sets for its Weiss Schwarz TCG in 2024.
MORE COMICS
Dark Horse to Launch Intergenerational Mystery 'Gilt Frame' in August 2024
April 19, 2024
The intergenerational murder mystery, Gilt Frame, will be published by Dark Horse starting in August 2024.
40th Expansion for 'Legendary'
April 19, 2024
This will be the 40th expansion in the Legendary line.