New Owner Takes a Shot With Kirkus Reviews

Kirkus Reviews will publish on. The venerable source of prepublication reviews of new books has been bought by Herb Simon, owner of the Indiana Pacers, of the National Basketball Association. The magazine’s previous owner, Nielsen Business Media, announced in December 2009 that it would shut Kirkus down.

Although it may seem unlikely that someone who runs a pro basketball team would see book reviewing as a sound investment, consider that Mr. Simon also co-owns Tecolote Books, an independent bookstore in Montecito, Calif. “With the growth of e-books and e-reading devices, no one can really see the future of publishing,” he said in a statement quoted in The New York Times. “But turmoil like this creates opportunities. At a time when even the definition of a book is changing, my love of books makes me want to be part of the solution for the book-publishing industry.”

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