Current news stories from the independent book industry
Penguin Random House Sells Author Solutions
Penguin Random House is no longer in the self-publishing business. From Publisher’s Weekly:
[…]Penguin Random House has sold its Author Solutions division to an affiliate of the Najafi Companies, a private investment firm that at one point owned Bookspan and made an offer to buy several hundred Borders outlets after the chain filed for Chapter 11. Terms of the deal, which closed December 31, were not disclosed.
In a brief letter to employees, PRH CEO Markus Dohle said with the sale of Author Solutions, a leader in supported self-publishing services, that “we reaffirm our focus on consumer book publishing


In a bid to be a hybrid of of 

SPR has launched a publishing house, Kwill Books, to meet the demand for indie authors who want the perks of self-publishing without the hassle of doing everything for themselves. Here, Cate Baum, founder, explains to SPR reviewer Lysa Grant why she and co-founder, husband Henry Baum, embarked on this exciting venture. 
Amazon today shared a new model for KDP Select Earnings, along with multi-million dollar bonuses for the next few months. What this means for authors isn’t clear yet, but you can read more on Amazon’s site on the link below.