June 15-30, 2004

June 15, 2004
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June 15-30, 2004 Edition GENERAL NEWS AAP Calls

for Curtis Benjamin

Award Nominations

Washington, DC/06/07/04—The Association of American Publishers is now accepting nominations for the prestigious Curtis Benjamin Award. AAP presents the award annually to an outstanding individual within the U.S. publishing industry who has shown exceptional innovation and creativity in the field of publishing, as evidenced in his or her career. Originality, usefulness and difficulty of achievement of a project or body of work are among the criteria that will be used to select the winner.

Nominations are invited from all members of the book community. The nominee must be a living individual in the U.S. publishing industry. All nominations must be made on the official form requesting general information (available on the AAP website) on the nominee and should be accompanied by letters supporting the nomination and other materials that will assist the committee in making its choice.

The nominees may come from any and all areas and types of publishing, and the individuals experience may be in any or all functions of publishing: editorial, marketing, book design, etc. The winner of the award will be the nominee with the majority of votes from the committee.

This is the first of three calls for nomination. The deadline is Wednesday, September 1; after all of the ballots have been returned and a winner determined, AAP will announce the winner in December. The Curtis Benjamin Award for Creative Publishing will be presented at the 2005 General Annual Meeting to be held in New York on March 3.

The Curtis Benjamin Award, which is administered by the Association of American Publishers, was first given in 1975 to honor Curtis Benjamin, a much admired former President of McGraw-Hill who, after his retirement became an outstanding ambassador for the book industry. The winner is selected each year from nominations submitted to an awards committee representing the publishing, library, bookselling, and philanthropic communities. A list of previous winners reads like “Who’s Who in American Publishing,” including Roger W. Straus, Morris Philipson; Thomas J. McCormack; Robert L. Bernstein; Jeremiah Kaplan; Charles Scribner, Jr.; Jason Epstein; Simon Michael Bessie; Kenneth D. McCormick; and W. Bradford Wiley.



to Publish Reagan

Off the Cuff

New York,NY/06/07/04—Adrian Zackheim, the founder and publisher of Sentinel, an imprint of Penguin Group (USA), has announced the July publication of a fly-on-the-wall memoir by the former executive assistant to President Ronald Reagan, Jim Kuhn. The book will be called REAGAN OFF THE CUFF: Personal Recollections Of The President.

Mr. Zackheim said, “During President Reagan’s second term, Jim Kuhn had a unique perspective on what the President was really like when the cameras were turned off. He has written a very personal book that offers new insights into the man and his administration. No matter how much you already know about the late president, this book will help you understand why he was so effective as a leader, and so beloved by millions of Americans.”

Mr. Zackheim added that Bernadette Malone, an editor for Sentinel, had acquired the book last year with plans to publish in early 2005. But with the death of President Reagan, and the renewed groundswell of interest in his administration, Sentinel has decided to publish in July.

Mr. Kuhn, who grew up as a Democrat, became a fan of Ronald Reagan and worked for his first Presidential campaign in 1976. He also served in the first Reagan White House as one of the President’s senior advance representatives, nationwide and around the world. In 1985 he took on the critical position of executive assistant to the President, responsible for helping the most powerful man in the world manage his time and the immense flow of information to him.

During those eventful years—when the struggle against communism entered its final phase, when the economy boomed and the stock market crashed, when the Iran-Contra scandal broke—Mr. Kuhn was at the President’s side nearly every waking hour, from the Oval Office, to Camp David, to Air Force One. And because the President trusted him, Mr. Kuhn was privy to his private thoughts about matters great and small, some of which will be surprising.

Mr. Kuhn shares never-before-told stories of how genuine President Reagan was with the cameras off—towards his staff, the First Lady, visiting dignitaries, and ordinary Americans. He reveals how the President dealt with criticism while effectively executing his policy agenda, and what he really thought of world leaders such as Mikhail Gorbachev and Margaret Thatcher, among others. Through his first-hand experiences with President Reagan, Mr. Kuhn also demonstrates that the President was of strong mind and thoroughly engaged throughout his years in office.

REAGAN OFF THE CUFF will offer a fascinating new perspective into one of the most popular and influential presidents of the 20th century.

ABOUT THE AUTHOR Jim Kuhn served at the highest levels of government and was affiliated with Ronald Reagan for more than 13 years. Since 1989, Kuhn has been a Washington lobbyist representing corporations, national associations and organizations on public policy issues affecting the private sector. He lives in Alexandria, VA.

ABOUT SENTINEL AND PENGUIN GROUP (USA) Sentinel was founded in 2003 as an imprint of Penguin Group (USA) Inc. Sentinel is dedicated to the publication of books with a conservative perspective.

Penguin Group (USA) Inc. is the U.S. member of the internationally renowned Penguin Group. Penguin Group (USA) is one of the leading U.S. adult and children’s trade book publishers, owning a wide range of imprints and trademarks, including Berkley Books, Dutton, Frederick Warne, G.P. Putnam’s Sons, Grosset & Dunlap, New American Library, Penguin, Philomel, Plume, Puffin, Riverhead Books and Viking, among others. The Penguin Group ( http://www.penguin.com) is part of Pearson plc, the international media company.

Harcourt Achieve


Acquires Saxon

Educational Publisher

NEW YORK, NY/06/02/04—Harcourt Achieve, a unit of global education provider Harcourt, has agreed to acquire Saxon Publishers, Inc., a leading publisher of skills-based instructional materials for grades pre-K through 12 in mathematics, phonics, and early childhood. The acquisition is expected to be completed immediately following receipt of necessary regulatory approvals. Veronis Suhler Stevenson, a New York-based merchant bank devoted to the media and communications industry, acted as Saxon's investment banking advisor in the transaction.

Terms of the transaction were not disclosed.

Veronis Suhler Stevenson Managing Director Robert J. Broadwater represented Saxon in the sale. This is the third educational publishing transaction the firm has handled in the past year, following VSS' representation of Information Holdings Inc. (NYSE: IHI) in the sale of Transcender LLC and Total Applied Science Associates (NASDAQ: TASA.OB) in the sale of Modern Learning Press.

"Saxon has been a great educational publishing success since its founding in 1981. The company has a history of innovation and creativity and a commitment to improving mathematics education in America," said Mr. Broadwater. "John Saxon's original vision of the importance of an incremental pedagogical approach emphasizing practice, review and frequent cumulative assessment has been borne out in today's education market where research-based solutions and, more importantly, well-documented results are required. And backed by the resources and commitment of Harcourt, Saxon has an even brighter future."

Saxon Math is the nation's best selling skills-based mathematics program for grades K-12 and a leader in the "alternate basal" math segment. Incorporating 20 years of research and field experience, Saxon Math is one of the most thoroughly researched programs available to K-12 math educators. Other Saxon programs include Saxon Phonics and Spelling K-3, and Saxon Early Learning.

According to John H. Saxon III, speaking on behalf of the Saxon Family, "Over the years we have been approached by many companies interested in acquiring Saxon. I am pleased to say we believe Harcourt has the experience, resources and the commitment to further our father's vision and to continue the success of the company he founded."

"It has been a pleasure and a distinct privilege to work with Saxon on this transaction," said Veronis Suhler Stevenson's Broadwater. "The commitment of the company's shareholders to improving education in America and the skill and professionalism of CEO Gerard Smith and his management team have created a great success story in American education."

About Veronis Suhler Stevenson

Veronis Suhler Stevenson is a leading independent merchant bank dedicated to the media, communications and information industries and has completed over 630 transactions since its inception in 1981. The firm has acted as a financial advisor across the full spectrum of media and provides the following services: mergers & acquisitions advisory services and private equity and mezzanine investment. The firm's private equity affiliate, VS&A Communications Partners, is one of the largest private equity fund managers dedicated exclusively to investments in the media, communications and information industries. The VSS Private Equity funds have invested in 33 platform companies and 155 add-on acquisitions, across multiple media segments; the realized and unrealized enterprise value of these investments total approximately $7 billion.




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