Leading library ebook distributor OverDrive was sold to Rakuten on March 19 for $410 million cash, more than 16 times OverDrive’s annual earnings of $25 million. The purchase from private equity firm Insight Venture Partners, OverDrive’s majority owner since 2010, is scheduled to close in April. OverDrive will become a subsidiary of Rakuten USA, the U.S. arm of Japanese e-commerce company Rakuten. CEO Steve Potash will continue to lead OverDrive, and its headquarters will remain in Cleveland, OH.
County of Los Angeles Public Library officials are restoring service hours to all the libraries that previously saw their hours reduced owing to 2009-2010 budget cuts. This comes after the Board of Supervisors approved this year’s $178 million library budget, an increase of $3.6 million.
Libraries in the Ferguson, MO area provided educational services and creative programs for children and families while the start of school was postponed for two weeks because of unrest in the area.
Library Journal editors are excited to be undertaking a broad national survey to gather current data on library-related salaries. If you are a librarian or paralibrarian in any type of library working in the U.S., LJ requests your assistance in gathering compensation trends.
Wednesday, March 19th, 2014, 2:00-3:00 PM ET Join us for an exclusive sneak peek at some of the great graphic novels hitting the shelves over the next few months, plus hear tips on how to share the exciting world of graphic novels with your patrons. Get the insider’s view from DC Comics, Dark Horse Comics, Del Rey, Archie Comics, Kodansha and more. There’s something for everyone; find out more about a certain superhero’s 75th birthday party and just what the heck is happening in Riverdale. Are vampires really killing off our favorite teens? Archive now available!
From Google Glass to ALA’s new Code of Conduct, highlights of the American Library Association’s Midwinter Meeting by sister publication Library Journal.
Wednesday, October 30th, 2013, 3:00-4:00 PM ET Join Rachel Payne, Coordinator, Early Childhood Services at Brooklyn Public Library for a free webcast with Upstart and Free Spirit Publishing, and discover new resources for early literacy programs and materials for collections serving young children. This live webcast takes place on Wednesday, October 30th at 3:00PM ET / Noon PT. Archive is now available!
“Penguin will resume doing business with OverDrive as of this morning,” Penguin spokesperson Erica Glass told LJ on September 25. According to a blog post by Karen Estrovich, collection development manager for OverDrive, 17,000 Penguin ebooks are already “live and available for purchase in OverDrive Marketplace.” Although Estrovich refers to the transaction as a purchase, the books are being offered for a one year term on a one copy/one user lending model.