ABC-CLIO "Purchases" Greenwood Imprints
Andrew Albanese -- Library Journal, 10/3/2008
- ABC-CLIO buys Greenwood license
- More than 18,000 titles involved
- Financial terms not disclosed
(A version of this article appeared in the Oct. 2, 2008 issue of the LJ Academic Newswire.)
ABC-CLIO has purchased Greenwood Publishing Group—sort of. Houghton Mifflin Harcourt this week said it had struck a deal to give the Santa Barbara-based publisher ABC-CLIO “a perpetual license” to use the Greenwood imprints and publish its titles.
Financial terms of the deal weren’t disclosed, but the agreement also includes the transfer of certain Greenwood assets—including copyrights, contracts, and inventory—to ABC-CLIO. Although not quite an outright purchase, the deal gives ABC-CLIO a massive boost: the Greenwood imprints, including Greenwood Press, Praeger Publishers, Praeger Security International, and Libraries Unlimited—include more than 18,000 titles, plus electronic materials.
