Posted by Victoria Strauss for Writer Beware
Last March, word went out that self-publishing giant Author Solutions Inc (owner of AuthorHouse, iUniverse, Xlibris, Trafford, WordClay, Palibrio, and several others, and contractor for the self-pub divisions of several major publishers) was looking for a buyer.
Now it has one: Pearson, the parent company of Penguin Group.
According to the official press release, Pearson is paying $116 million in cash for ASI (which, frankly, doesn't seem like all that much, given ASI's dominant position in the self-publishing services market).
Consolidation continues in the self-publishing sector: the Wall Street Journal is reporting that Author Solutions (which already owns AuthorHouse, iUniverse, and Xlibris) has acquired Trafford Publishing. As with its January 2009 ac... Read Post
Posted by Victoria Strauss for Writer Beware Just introduced from self-publishing conglomerate Author Solutions (owner of the iUniverse, Xlibris, AuthorHouse, and Trafford brands, and the power behind the outsourced self-publishing ... Read Post