AOL Time Warner is shopping its book publishing unit, including Little, Brown, & Co. and Warner Books, according to published reports. The step is one of several potential asset sales the company is exploring to reduce debt. Long term debt on the company's most recent balance sheet totaled over $28 billion out of a total $62 billion in liabilities. Other assets on the block reportedly include its sports teams, Comedy Central and Court TV. It is also planning a public offering in its cable unit later this year. Warner Books is important to Big Four comic publisher DC comics because it represents its avenue to the book trade, where it was the top graphic novel publisher until recent years, when manga began blowing U.S. material out of the water (e.g., see 'Manga Dominate Graphic Novel Sales in Bookstores').
Distributes DCs to Book Trade
Posted by ICv2 on January 25, 2003 @ 11:00 pm CT
MORE SHOWBIZ
Third Crossover Miniseries by Benjamin Percy will Launch in April
December 23, 2024
Following crossovers with Wolverine and Black Panther, this is the third miniseries by writer Benjamin Percy featuring a Predator invading the Marvel Universe.
Showbiz Round-up
December 23, 2024
There’s no slowdown in Hollywood news as we approach the holiday break, and we round it up here.
MORE COMICS
Column by Rob Salkowitz
December 23, 2024
We may be ending the year with more questions than answers, but here are five major trends that helped shape the business this year.
Of Space Ghost and Jonny Quest
December 22, 2024
Dynamite Entertainment will release a comic crossover of two Hanna-Barbera properties: Space Ghost and Jonny Quest.