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Posts tagged John Sargent

Macmillan Speaks…once
January 21, 2014 | 6:16 pm

I was clicking around links from my post about Steven Zacharius earlier today when I happened onto something amusing. Or, at least, amusing to me. Back in April of 2012, when John Sargent made his defiant post declaring Macmillan would not settle with the Department of Justice, he posted it via the Tor.com blog, with a link to a website called “Macmillan Speaks” for people who wanted to leave comments. The funny thing is, when I go to Macmillan Speaks now, all I see is that one, single solidary post from 21 months ago. Even his post surrendering to...

BREAKING: Macmillan Settles with DOJ on Price Fixing
February 8, 2013 | 12:30 pm

Apple is now the lone hold-out. As you may recall, three publishers—Hachette, HarperCollins and Simon & Schuster—immediately settled, leaving Penguin, MacMillan and Apple to fight it out in court. Penguin settled in December, probably to protect their pending merger with Random House. And now Macmillan joins its fellows. Macmillan CEO John Sargent cited financial reasons for the settlement, according to this story on Publishers Lunch: "Our company is not large enough to risk a worst case judgment. In this action the government accused five publishers and Apple of conspiring to raise prices. As each publisher settled, the remaining defendants became responsible not only...

Macmillan Says Renegotiated E-Book Deals Allows Some Discounting
December 28, 2012 | 8:26 pm

  Macmillan, the last of the major publishers still fighting the U.S. Justice Department over antitrust charges, says it has renegotiated its e-book deals with retailers to allow some discounting. In an open letter posted on his book-publishing company's website Wednesday afternoon, Macmillan Chief Executive John Sargent said the firm is still committed to fighting the antitrust case brought by the Justice Department involving allegations that Macmillan and four other publishers plus Apple Inc. (AAPL) conspired to raise e-book prices. Read Full Article... Source: Global Finance * * *      ...

John Sargent’s statement and Tor.com: A pet peeve
April 18, 2012 | 1:12 am

So, perhaps this isn’t really very news-related, but it’s a pet peeve that’s been bothering me for the last few days: John Sargent’s statement on the DoJ agency pricing lawsuit. I’m not bothered so much by what he’s saying in it (though I think his prefacing it with “Dear authors, illustrators, and agents,” without a word for the consumer still shows just how out of touch he is with the people who ultimately buy his company’s books), but by its appearance in another context. If you go to the blog Tor.com, the very first post you find on the...

Macmillan & Amazon make up lost royalties from agency spat; Macmillan raises e-book royalty rates across board
February 3, 2011 | 7:23 am

It’s right around the one year anniversary of the week that Amazon removed Macmillan books’ buy buttons in its snit-fit over the implementation of agency pricing, resulting in a lot of authors losing a week’s worth of royalties. And just in time to mark the anniversary, an interesting tidbit of information pops up on eReads. Richard Curtis reports that in a cover letter attached to the latest Macmillan semi-annual royalty statements authors have received, Macmillan CEO John Sargent makes note of an interesting adjustment to author royalties. Feeling that authors shouldn’t have to suffer on account of a battle...

The screw you ebook deal
July 26, 2010 | 10:25 am

images.jpgEvery week it seems something new is happening in eBookland to set the ebook cause back a decade or two. Always at the forefront of the reversal of fortune is greed. This week’s menace to eBookland is literary agent Andrew Wylie and his new publishing venture Odyssey. Wylie could have summed up his actions in simple terms: to disserve both his clients and the ebook-buying public. What, you ask, did he do? He agreed to give Amazon exclusive rights for 2 years to his authors’ backlist titles; Wylie will publish the books and exclusively sell them through Amazon. The backlist includes...

CEO of Macmillan is appalled at the Wylie deal; Random House disputes rights
July 22, 2010 | 2:50 pm

Macmillan-Logo.pngMacmillan CEO says of the Wylie deal, in his blog: I am appalled, however, that Andrew has chosen to give his list exclusively to a single retailer. A basic tenet of publishing is that our function is to reach as many readers as we can. We disseminate our books and the ideas within them as broadly as possible. I understand why Amazon wants an exclusive deal with Andrew. They have asked us too for exclusive product, as has every major retailer we deal with. This is smart retailing, and a great deal for Amazon. But it is an extraordinarily bad...

John Sargent answers questions about Macmillan agency pricing
March 12, 2010 | 11:19 am

John Sargent of Macmillan has posted a new blog entry, in which he takes a look at four questions that cover the general gamut of the comments he received to his previous one. The first question Sargent addresses is how much an e-book should cost. He takes a look at several differing points of view—it should cost the same as a hardcover, it should cost almost nothing, it should be tethered at just below the price of the cheapest paper form—and concludes: In the end, an e book will be priced to reflect the...

Sargent compares libraries to Netflix: ‘How is that a good model for us?’
March 12, 2010 | 7:59 am

Macmillan's CEO John Sargent attended the "Publishing Point" Meetup on Wednesday in NYC and spoke a little about the future of e-book lending, and the potential for publishers to create a new revenue stream from libraries. Eric Hellman attended the session and summarized Sargent's argument on his blog: "[E-book distribution by libraries] is a very thorny problem", said Sargent. In the past, getting a book from libraries has had a tremendous amount of friction. You have to go to the library, maybe the book has been checked out and you have to come back another time. If it's a popular book,...

Blogs respond to Sargent’s pricing post; ‘a premium on impatience’
March 4, 2010 | 9:15 am

I’ve found some good blog responses to John Sargent’s post about Macmillan’s agency pricing model, which we reprinted the other day. In his Kindle Nation Daily blog, Stephen Windwalker praises Sargent for at last addressing the general public rather than just the industry insiders at whom his earlier entries were pitched—even as he remains critical of Sargent’s message. I had been critical of Sargent previously for addressing his earlier comments only to authors and literary agents, and consequently trying to position them to speak up on his and his company's behalf, and this new...

Macmillan CEO John Sargent on the agency model, availability and price
March 2, 2010 | 12:50 pm

Macmillan-Logo.pngHere is the complete text of Sargent's post on the Macmillan blog: After the events of the past several weeks, I have been in touch with many of you. It has become clear to me that there is far too little accurate information available in this time of unprecedented change. The issues we all face together are complex, and no news story or 140-character snippet can adequately address them. Therefore, I propose to write you occasionally, when I get a sense that there is a need for direct information. The first topic is the e-book agency model, and how it will affect...