As an author, coach, and public speaker, I hope this blog will help to show the frustrations and joys of the work behind the scenes, and hopefully attract many people that will become friends, and maybe even fans of my work. Like all of life, it will be an adventure none the less. Thanks for joining me on the ride, and being a part of my life.
Many sources are reporting today that News Corp has agreed to acquire
Harlequin Enterprises from Torstar Corporation. Harlequin will become a
division of Harper Tor Collins Publishers. While this still needs to pass certain customary
governmental approvals and stockholders, it appears to be one everyone is
excited about. The purchase price of the acquisition is being reported at around
$455 million. They will keep their headquartered in Toronto.
When I did a quick analysis of Harlequins total revenue divided by an estimated
number their books released last year I estimated that their average book make
their writers about $25,000 per year. This is not bad. There is no doubt that Harlequin
has built one of the largest and most widely recognized consumer brands in
publishing, with a highly focused publishing program for women and romance
I assume that all writers with Harlequin are happy about this new
development, but only time will tell just how good this works out. One thing is
for sure; the publishing business is changing and will continue to do so for a