“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.
Major distributor Baker & Taylor will offer publisher services to its customers via a new strategic partnership with Bookmasters, the company announced on July 10. The move comes as private equity firm Castle Harlan acquired Bookmasters; that purchase was also announced yesterday. Castle Harlan had previously acquired Baker & Taylor in July 2006 for about $455 million.