As many of you may have already heard, my publisher, BET Books, has been purchased by Harlequin.
TORONTO (CP) - Harlequin Enterprises Ltd. has purchased the assets of BET Books, the publishing arm of the U.S.-based Black Entertainment Television, the company announced Thursday.
The new ownership deal is expected to close Nov. 30. Financial details were not released. The addition of BET Books, a leading publisher of African American women's fiction and the imprints Arabesque, Sepia and New Spirit to the Harlequin portfolio will enhance the position of Harlequin within a strong growth segment in the American book market.
"This acquisition supports a key strategic initiative for Harlequin of offering greater breadth in publishing niches that can create future growth for the overall Harlequin franchise," said Donna Hayes, publisher and CEO.
I didn't know anything about this until I read it in the news this morning. My agent doesn't seem to think that the sale is anything for me to be concerned about. I've yet to talk to my editor, that is, if she's still my editor. I'm about as business savvy as a snail so I haven't even begun to think about all the implications of this. It's too early in the morning for me to think properly. I'll keep you posted.
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