Random House Takes Over Canadian Publisher McClelland & Stewart

“Since 2000, Random House has had a 25 per cent stake in McClelland & Stewart, a Canadian publisher established in 1906 with a renowned stable of authors that includes Margaret Atwood, Leonard Cohen, Rohinton Mistry, Farley Mowat and Michael Ondaatje. The decline in sales of print books, pressure from digital publishing and the difficult economy have put financial pressure on McClelland & Stewart in the past few years.”

Unknown Chinese Blog-Turned-Novel Becomes International Hit

“A novel by an anonymous Chinese author living in America, which started life as a blog, has become a worldwide publishing sensation. It has been snapped up by publishers in 15 countries who have been impressed by the fact that it has sold more than a million copies in China and inspired a film by an Oscar-winning Chinese director,” Zhang Yimou.

Next On Bosnia’s Endangered List: National Library

“Staff and visitors at the National and University Library began putting on extra layers on Friday, as the heating was switched off after the library failed to pay its bills. The library, in central Sarajevo, is facing the same fate as Bosnia’s History Museum and Art Gallery, recently closed because they could not pay for basic operating costs.”