18 March 2013
Quercus Publishing Plc
("Quercus" or the "Company")
DIGITAL AUDIO PARTNERSHIP
Quercus Publishing Plc, the leading independent digital and print publisher, and W F Howes Ltd, the award-
winning audio publisher, have today announced a collaboration that will bring more than fifty unabridged
audiobooks to market every year, through all digital and physical channels.
Wayne Davies (Digital Director, Quercus Publishing Plc) comments: 'Quercus is delighted to have sealed this
innovative partnership with leading audio player W F Howes. It means we will dramatically increase our
audio output for the burgeoning digital download market, gives us a new option for utilising the audio
rights accrued in our back catalogue, and allows us to reach audiobook listeners through the widest spread
of channels, through download, retail and libraries. We believe the audio market is poised for dramatic
digital growth and technological change and are confident this joint enterprise positions us perfectly to
Shaun Sibley (CEO, W F Howes Ltd) comments that: 'We are seeing a continual increase in demand of our
unabridged audio book offering. Range is vital to meet the growing demands of the users of this format.
Quercus has a fantastic breadth of quality content and we are delighted to be working with them to bring
this to market.'
The Directors of the Company are responsible for the contents of this announcement.
QUERCUS PUBLISHING PLC
Wayne Davies Tel: 020 7291 7204
PETERHOUSE CORPORATE FINANCE LIMITED
Mark Anwyl or Duncan Vasey Tel: 020 7220 9796
ATTILA CONSULTANTS Tel: 020 7776 8825
Charles Cook Mobile: 07710910563
Note to Editors:
The audio market is estimated at a value of USD1 billion per annum at retail value in the US and GBP75
million in the UK and is tipped to grow exponentially as this market undergoes a rapid transformation to
digital downloads from CD. It is estimated that in the last two years digital downloads have grown from
less than 40% of audiobook sales to more than 60%.
Founded in 2004, Quercus is one of the UK's leading digital publishers. Known for Stieg Larsson's The Girl
with the Dragon Tattoo and the Millennium Trilogy - the first author to sell one million ebooks - and other
Kindle phenomena such as Peter May's The Black House, Hilary Boyd's Thursdays in the Park and Alice
Peterson's Monday to Friday Man, Quercus now has over 700 publications in its digital catalogue. The
company was named Publisher of the Year at the 2011 Bookseller Industry Awards and is opening its US office
in Autumn 2013.
W F Howes
W F Howes Ltd. is a supplier of digital services and audiobooks to Public Libraries, through their
proprietary One-click Audiobook Download platform. They are owned by Recorded Books LLC who are part of the
Haights Cross Communications group. W F Howes Ltd. was founded in 1999 and is one of the leading UK
publishers of unabridged audiobooks.