Today’s news: McGraw – Hill sells Education Unit; PeerJ calls for papers; Library alumni services on the increase; the sale of Springer attracting interest; Gutenberg Technology offers new software and LC’s Bibliographic Framework Initiative reaches milestones.
“McGraw-Hill agreed on Monday to sell its education division to Apollo Global Management for about $2.5 billion, completing the publisher’s transformation into a provider of high-end financial information. The long-expected deal will leave McGraw-Hill with its business information operations, which include Standard & Poor’s; a market indexes unit that owns the S.&P. 500 and Dow Jones industrial average; and the metals industry publication Platts…”
“After several months of building the Editorial Board, as well as our online submission software, we are now in a position to announce our Call for Papers. A Press Release was issued today (download it via http://bit.ly/PeerJ1127), announcing that we will open for submissions starting on December 3rd (with first publications happening around the end of January 2013)…”
Information Today reports on a developing trend. “Academic librarians reviewing their current licensing of databases and considering new subscription offerings have a new factor to consider. Several of the leading academic vendors in the information industry have begun opening their products to alumni/ae communities. This practice offers several advantages to vendors and librarians from enabling the library and its parent institution to strengthen ties with alumni who may become sources of future support to fortifying the curricular value of learning the types of databases offered by libraries…”
“Springer Science & Business Media, the German academic publisher being sold, has attracted interest from companies such as Bertelsmann SE and buyout firms including KKR & Co., Carlyle Group and Providence Equity Partners, people familiar with the transaction said.
Bertelsmann, Europe’s largest media company, may team up with a private-equity fund like KKR or a sovereign wealth fund, two of the people said, asking not to be identified because talks are private. Carlyle may work together with another buyout firm like Providence, which is also looking at the asset, the people said. The asset may be worth between 3 billion euros ($3.9 billion) and 4 billion euros, two of the people said…”
According to Digital Book World “new software from French publishing technology company Gutenberg Technology promises to greatly simplify e-textbook production and distribution.
After years of testing and early programs with major educational publishers such as Hachette in France, Pearson and Houghton Mifflin Harcourt, Gutenberg will announce tomorrow the launch of MyEbookFactory, a software that helps publishers seamlessly create e-textbooks for iOS, Android, Kindle, Windows 8 and other formats…”
Citing an LC’s “News and Announcements,” InfoDOCKET notes that the “Library of Congress is pleased to report that we have reached two important milestones with respect to our Bibliographic Framework Initiative: the introduction of a draft data model for web-based bibliographic description and a first meeting of a small group of early experimenters currently exploring the feasibility of the proposed model. The new model is simply called BIBFRAME, short for Bibliographic Framework….”