Kirkus Reviews Sold to NBA Team Owner

Kirkus Reviews will live on. It’s been bought by Herb Simon, owner of the Indiana Pacer, the basketball team, and a shopping mall developer, has bought the venerable pre-pub book review. The deal was announced yesterday.

Simon has named Marc Winkelman, chief exec of a company that owns season retailers, to be the new head of what will be renamed Kirkus Media. Here’s more from The New York Times:

In a telephone interview, Mr. Winkelman, who co-owns Tecolote Books with Mr. Simon, said that the company would retain its current editorial leadership, with Elaine Szewczyk as editor and Eric Liebetrau as managing editor.

Mr. Winkelman said that Mr. Simon was “an inveterate and unquenchable and voracious reader” who was a longtime subscriber to Kirkus, which was founded in 1933. “The idea that Kirkus was leaving was a real shame for him,” Mr. Winkelman said.

There’s also a bit in the article about eBooks. Mr. Simon said in a statement that “With the growth of e-books and e-reading devices, no one can really see the future of publishing. 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.”