Posted by: anitanolan | December 8, 2011

More Changes within Children’s Publishing

I’ve been published in one of the Carus magazines, and I know they’ve had problems for a while. Not sure how I feel about this.

From Folio:

In order to aid its move into the home subscription market, educational digital platform ePals Corporation acquires Carus Publishing Company, along with its magazine, book and retail assets. Under terms of the deal, ePals will pay $5 million in cash and $10 million in stock and will merge Carus into an indirect subsidiary.

Carus’ 2010 revenues were $16 million and EBITDA was just under $1 million. The company’s net loss in 2010 was about $270,000.

Carus Publishing Company includes the Cricket Magazine Group, Cobblestone Publishing and Open Court Publishing divisions. The Cricket Magazine Group houses 14 titles for children aged up to 14 years. Consumer subscriptions total 300,000, with institutional subscriptions bringing in 80,000 subs. The acquisition also includes Carus’ Ladybug iPhone app, as well as a content licensing business with three localized Chinese publications.

Read more here:   http://www.foliomag.com/2011/digital-platform-epals-acquires-carus


Responses

  1. I’m hating so much about this whole “e” movement with everything. I can only see a few positives, but feel like it’s mostly negative. Maybe I’m wrong *sigh*

  2. Wow, first Amazon buys Marshall Cavendish and now this. What’s an author to do?


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