HarperCollins Buys Thomas Nelson; Corners Religious Book Market

The financial news site, The Street , reports, “HarperCollins, the edition residence of News Corp., will purchase Bible seller Thomas Nelson at a bonus to the $473 million that in isolation equity definite InterMedia paid to take the company in isolation in 2006.”

Based in Nashville, Thomas Nelson is a of the heading traffic publishers in the United States. They are moreover the world’s largest Christian publisher. They supply various forms of Christian literature, Bibles, e-books, journals and digital applications. High form Christian authors such as Billy Graham, Max Lucado, John Eldredge, and Dave Ramsey are amid the list of people they have published. Currently, Thomas Nelson has a #1 bestseller called Heaven Is For Real by Todd Burpo. In add-on to book edition and curriculum, Thomas Nelson moreover does selling is to Women of Faith conference, that is a well-noted women’s eventuality opposite the U.S., often attracting over 400,000 women annually.

Zondervan, other considerable Christian edition company owned by HarperCollins, moreover has a grip on the Christian book market. Some are wondering how the two will fit together beneath HarperCollins given they aim ample of the same audience. Thomas Nelson is the world’s largest Christian publishing house and Zondervan claims to be the world’s tip Bible publisher.

But HarperCollins seems to know what it is doing. In an essay from The Nashville Scene , Betsy Phillips writes, “HarperCollins already owns Zondervan and has the HarperOne imprint. Zondervan’s concentration is on eremite books that go in to Christian bookstores or are used as chapel curricula. HarperOne is directed more at the secular bookstore market. And Thomas Nelson unequivocally hits that honeyed mark correct down the center – carrying out a few very successful titles that allure to the secular bookstore model and being a foundation of the Christian bookstore,” she writes.

Casey Francis, executive of corporate communications for Thomas Nelson, told The Christian Post today, that by HarperCollins’ resources and capabilities, Thomas Nelson “will be able to gain on opportunities” HarperCollins will bring to the company.
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HarperCollins’ Vice President for Corporate Communications Erin Crum didn’t appear disturbed about the Christian publishers working beneath a umbrella. We “will go on to tell both Thomas Nelson and Zondervan. They have interdependent missions,” she said.

The treat between Harper and Thomas Nelson comes roughly 18 months after Kohlberg Co., a in isolation equity firm, paid for the most of Thomas Nelson’s stock. It moreover comes a week after HarperCollins took over a longtime publishing house of Hollywood scripts. They purchased ample of the catalogue of Newmarket Press, that has expelled the scripts of “The King’s Speech,” ”Juno” and many other drive-in theatre in book form.