This is big news for several reasons. Ancestry.com has now sold its genealogy book publishing businesses, apparently in an effort to focus on its Web-based businesses and its production of Family Tree Maker software. The titles being sold include The Source: A Guidebook of American Genealogy, Ancestry's Red Book, and 1-2-3 Family Tree. The sale means that Turner Publishing instantly becomes a major genealogy book publisher.
The following announcement was written by Ancestry.com:
Turner Publishing Acquires Leading Family History Web Site's Publishing Arm
PROVO, Utah and NASHVILLE, Tenn., March 23 -- Ancestry.com, the world's largest online family history resource, announced a new publishing agreement today with Turner Publishing. In the agreement, Turner will take over most existing inventory and related publishing contracts for Ancestry Publishing, a division of Ancestry.com.
"The roots of Ancestry.com go back to a small genealogy company started in 1983 under the name of Ancestry Publishing," said Jennifer Utley, Editorial Director, Ancestry.com. "As we looked to finding a vendor to take over the publishing business, we wanted to find a partner who could continue the legacy of Ancestry Publishing. As a leader in the genealogy publishing space with broad distribution channels, Turner will do just that."
Beginning this month, Turner will be the vendor of record for more than 100 titles, including bestsellers The Source: A Guidebook of American Genealogy, Ancestry's Red Book, and 1-2-3 Family Tree as well as numerous other titles.
"This was a classic win-win," commented Todd Bottorff, President and Publisher of Turner. "We are genuinely thrilled to be working with Ancestry.com and excited for the opportunity to market some of the most iconic titles printed for the genealogy category in the past 25 years."
Producing more than 800 genealogy titles since 1984, Turner will support the newly acquired titles with additional marketing and distribution efforts nationwide. The transaction also grants Turner limited use of the Ancestry.com name for publishing purposes. In the coming weeks, the titles will be available at www.TurnerPublishing.com and other select online retailers, as well as bookstores nationwide.
About Turner Publishing
Founded in 1985, Turner Publishing is an award-winning, independent publisher based in Nashville, Tennessee. Named by Publishers Weekly as one of the fastest growing independent publishers in the nation for the last two years, Turner Publishing is known nationwide for its popular "Historic Photos and Good Things to Know™ series. Imprints include Turner, Trade Paper Press and Iroquois Press. For more information, visit www.turnerpublishing.com or call 615-255-2665.
Ancestry.com Inc. (Nasdaq: ACOM) is the world's largest online family history resource, with over one million paying subscribers. The company has digitized and put online over four billion records over the past 13 years. Ancestry users have created over 14 million family trees containing nearly 1.5 billion profiles. Ancestry.com has local Web sites directed at nine countries, including its flagship Web site at http://www.ancestry.com.