Agreement reached for buyout of The Bookseller

<p>Media research company Nielsen has agreed &quot;in principle&quot; to sell <em>The Bookseller</em> to its managing director Nigel Roby. Negotiations are expected to conclude at the end of April. All the editorial, sales and marketing and events teams will remain in place.</p><p>Roby said: &quot;It will be an enormous privilege to take over <em>The Bookseller</em> and become a part of its 152-year history. The UK publishing industry is a world-beater and it is incredibly important that The Bookseller is a vibrant part of it. &quot;At a time of great change for the book industry, all of us here are looking forward to continuing the development of the magazine and its internet and event offerings.&quot;</p><p>Editor-in-chief Neill Denny added: &quot;There have been too many stories of cutbacks in publishing. Being able to plan ahead with the team we have built over the past few years is the right way to take The Bookseller forward.&quot;</p><p><em>The Bookseller</em> has recently launched a weekly email newsletter, wrapping up general book buzz and review coverage, and in May will run the inaugural Bookseller Industry Awards, in association with the Booksellers Association.</p><p>As revealed in yesterday&#39;s<em> Bookseller Daily</em>, the publication has also launched a dedicated community website for e-books called FutureBook, which stands alongside the annual digital books conference.</p>