Word: scribner
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Dates: during 1980-1989
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Macmillan agrees to pay $15 million in stock for Scribner...
...once sedate world of publishing has been changing as fast as the plot of a Dickens novel. Last week two of the oldest and most prestigious publishers added a new chapter to the merger story. Macmillan (founded 1869) said it will pay about $15 million in stock for Scribner Book Companies, a closely held firm whose imprints include Charles Scribner's Sons (1846) and Atheneum...
Excluded from the deal is Scribner's 71-year-old, Beaux-Arts-style bookstore on Manhattan's Fifth Avenue. Said Chairman Charles Scribner Jr., 62, the great-grandson of the company founder: "The family has run the bookstore almost as long as the book publishing company, and I would be brokenhearted if we were not able to maintain it. We will strive to continue...
Publisher Charles Scribner Jr. speaks for most of his colleagues: "There but for the grace of God go we." Unlike many newspaper and magazine publishers, book publishers make little effort to check on their authors' accuracy. House attorneys review potentially libelous statements, and copy readers check manuscripts for style, but authors are solely responsible for verifying facts. "My company does 700 books a year," explains Thomas J. McCormack, president of St. Martin's Press. "We would go bust examining them a11." Recalling them may prove more expensive. Random House is spending an estimated $150,000 to buy back...
...noted that the helicopters had become more efficient by week's end, raising hopes that spraying can be completed on schedule. (The original plan called for six applications spread out over a minimum of six weeks.) If this happens, Scribner and his technical advisers feel there is a 98% chance of wiping out the bedeviling...