Hachette and Workman declined to disclose the price of the deal, but Michael Pietsch, Hachette’s chief executive, said in an interview Monday morning that Workman marked his company’s biggest acquisition in the past eight years. It was also the biggest investment its parent company, Hachette Livre, has made since creating Hachette Book Group 15 years ago. Hachette said it didn’t plan to cut any jobs as a result of the deal. Carolan Workman, the executive chair of Workman, and Dan Reynolds, its chief executive, said in interviews that to make this happen, the company publishes relatively few titles a year and invests in them heavily. “Carrots Love Tomatoes,” a book about plants that grow nicely together, has been reprinted 87 times since its first printing in 1975.

Source: International New York Times August 16, 2021 16:07 UTC