Recorded Books, one of the industry leaders in the audiobook market and a major supplier of the audiobooks, ebooks, and other electronic content to libraries has been purchased by the private investment firm Wasserstein & Co., LP. The company was sold by Haights Cross Communications, which has owned it since 1999. Terms of the sale were not disclosed.
On October 16, Library Journal and School Library Journal will host “The Digital Shift: Reinventing Libraries.” Our fourth annual online event has itself been reinvented in a new format, offering program tracks focused around community, instruction, and getting beyond the container to new content. Recorded Books is a gold sponsor of the event, and LJ reached out to Matt Walker, vice president of Recorded Books, in the second of a series of interviews addressing how the ongoing digital shift is transforming the libraries of today and tomorrow.