The
deal that will create a new powerhouse in Christian publishing is
still being finalized more than a month after the expected completion
date.
When
HarperCollins announced its acquisition of Thomas Nelson in October—a
move that will make Nelson a division alongside long-time rival
Zondervan—the purchase was said to be set to be finalized by the
end of 2011.
HarperCollins' Vice President of Corporate Communications Erin Crum
told Christian
Retailing
this week that the company had
“no information on a definite date for the
acquisition to be finalized.” The regulatory review period was
continuing, she added, “but we expect the review will be concluded
in due course.”
Crum
said that the original closing date had been only an estimate given
by the two parties “and going beyond the end of 2011 should not be
taken as any indication of how the review process is going.”
While
details of HarperCollins' future plans have not been disclosed, the
company has said that Zondervan and Nelson will continue as separate
entities. Some consolidation is expected as a result of the deal,
which will make HarperCollins a dominant book publisher and the major
Bible publisher.
As
the acquisition process continues, Nelson has marked a record with
the highest number of titles ever (11) on various New York Times
bestseller lists in a single week. With six titles spread across
seven categories in the Jan. 22 listings, the company held more
positions than all other Christian publishers combined.
Among
the successes was Real Marriage by debut Nelson authors Mark
and Grace Driscoll, which reached the No. 1 spot on the “Advice,
How-To and Miscellaneous” list after releasing Jan. 3. Heaven is
for Real by Todd Burpo with Lynn Vincent has appeared on the list
for a total of 62 weeks overall. The book was also recognized as
Nielsen’s 2011 “Adult Non-Fiction Book of The Year.”
Other
Nelson titles on the Jan. 22 list included Nearing Home by
Billy Graham and How Do You Kill 11 Million People? by Andy
Andrews.
The
achievement “demonstrates the impact of strategic publishing,
focused effort and teamwork with our authors and retailers,” said
Nelson President and CEO Mark Schoenwald. “Our products have
consistently appeared on multiple best seller lists, both in the
secular and the Christian market, but never to this extent. We
are excited by these results as we work to fulfill our mission to
inspire the world.”
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