Publishers sell Bookish website to startup

January 6, 2014

Three publishers who invested millions of dollars in an online site for discovering and buying books have sold it to a digital startup.

Zola Books announced Monday that it had purchased Bookish, which launched in early 2013, from Simon & Schuster, Hachette Book Group and Penguin Group (USA). Financial terms have not been disclosed. At least 10 of Bookish's 22 employees will be laid off, although the site at bookish.com will continue to operate.

The had been anxious to establish an online presence independent from Amazon.com, Goodreads and others. Hachette CEO Michael Pietsch (PEECH') said Monday that the publishers had been pleased with Bookish, but had never seen it as "an ongoing business."

Zola was co-founded in 2011 by literary agent Joe Regal and Internet marketer and publicist Michael Strong.

Explore further: Penguin joins settlement in US e-books lawsuit

More information: Bookish: www.bookish.com

Zola Books: www.zolabooks.com

Related Stories

Penguin joins settlement in US e-books lawsuit

December 18, 2012

Penguin Group has agreed to join three other publishers in a settlement of a US government lawsuit alleging an e-book price-fixing conspiracy with Apple, officials said Tuesday.

Apple, e-book publishers, EU find competition deal

December 13, 2012

(AP)—The European Union's competition watchdog has accepted proposals by four publishers and Apple to end agreements that set retail prices for e-books—a practice the EU feared violated competition rules.

Publisher speeds up e-book access for libraries

March 27, 2013

The publisher of Khaled Hosseini, Harlan Coben and other popular authors has decided that it's comfortable with letting libraries offer e-book editions of brand new releases.

Penguin suspends library e-books, citing security

November 22, 2011

One of the country's largest publishers, Penguin Group (USA), has suspended making e-editions of new books available to libraries and won't allow libraries to loan any e-books for Amazon.com's Kindle.

Recommended for you

Making AI systems that see the world as humans do

January 19, 2017

A Northwestern University team developed a new computational model that performs at human levels on a standard intelligence test. This work is an important step toward making artificial intelligence systems that see and understand ...

Firms push hydrogen as top green energy source

January 18, 2017

Over a dozen leading European and Asian firms have teamed up to promote the use of hydrogen as a clean fuel and cut the production of harmful gasses that lead to global warming.

WhatsApp vulnerable to snooping: report

January 13, 2017

The Facebook-owned mobile messaging service WhatsApp is vulnerable to interception, the Guardian newspaper reported on Friday, sparking concern over an app advertised as putting an emphasis on privacy.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.