The University of Nebraska Board of Regents approved an agreement Friday allowing the NU Press to buy the book inventory of a 123-year-old Jewish publisher in Philadelphia.
The press plans to buy nearly 250 book titles, including the most widely read version of the Jewish Bible, from the Jewish Publication Society. Several regents expressed concern about whether the purchase would be profitable for NU Press and requested future updates.
The $610,000 purchase means the press will publish, market and distribute existing and new books by the Jewish society.
The society's annual revenue is between $1 million and $1.5 million, and it sells more than 50,000 copies of the Bible each year, representing nearly half of its book sales, according to NU Press Director Donna Shear.