David Steinberger

David Steinberger is an American businessman, CEO of Arcadia Publishing and Chairman of the National Book Foundation.

Early life and education[edit]

Steinberger was born in New York. He graduated from Columbia University’s School of Engineering and earned an MBA from the Wharton School.^[1]

Early career[edit]

Steinberger’s career began in New York City government where he rose to become Deputy Transportation Commissioner for Bridges^[2]. According to the New York Times, Steinberger’s willingness to speak openly about public safety concerns contributed to his departure from the position in 1991.^[3] After City Government, Steinberger joined management consultancy Booz Allen Hamilton.^[2]

Publishing career[edit]

In 1996 Steinberger left Booz Allen Hamilton to join the publishing industry as President of the Adult Trade Group at HarperCollins Publishers, a Division of NewsCorp.^{[2] [4]} Steinberger became CEO of Perseus Books Group in 2004.^[5] After Steinberger completed a series of acquisitions^{[6] [7][8]}, Perseus Books was named Publisher of the Year in 2007 by Publisher’s Weekly which described the company as “arguably the most important independent publishing company in the nation.”^[9] Perseus Books launched digital initiatives which the New York Times described as providing “hundreds of small publishers easier access to digital book technology” ^{[10] [11] [12] [13] [14]} Books published by Perseus included Friday Night Lights by Buzz Bissinger ^{[15] [16]}, as well as books by chess champion Gary Kasparov, ^[17] Nobel Physics Prize-winner Richard Feynman, ^[18] and Nobel Peace Prize winner Leymah Gbowee.^[19]. Steinberger sold Perseus Books in 2016 in 2 simultaneous transactions, to Hachette Books Group and Ingram Content Group,^{[20] [21] [22]} after an earlier attempt at an exit transaction fell through.^{[23] [24]}

In 2018, Steinberger and lead investors Michael Lynton , Chairman of Snap Inc., and Lily Lynton assembled an investor group to acquire independent publishing businesses, starting with Arcadia Publishing where Steinberger became CEO. ^[25] The investor group includes Len Blavatnik ^[26], Tony Ressler ^[26] and Walter Isaacson. ^[27] Arcadia, noted for its unique approach to publishing hyper-local titles ^{[27] [28]} subsequently acquired Pelican Publishing,^[29] Wildsam ^[30]and River Road Press. ^[31]

Steinberger is Chairman of the National Book Foundation, presenter of the National Book Awards.. ^[32] During his tenure, the National Book Foundation in 2016 appointed Lisa Lucas as Executive Director, the first Black person and the first woman in that role^[33] and launched Book Rich Environments, described by the LA Times as turning “book deserts into literary oases.”^[34] Steinberger is also a board member of the Fund for the City of New York.^[35]

Personal life[edit]

Steinberger is married to Dara Caponigro, ^[36] the creative director at F. Schumacher & Co., and former Editor-in-Chief at Veranda, Decoration Director at House Beautiful and Style Director at Domino.^[37]

References[edit]

External links[edit]

• David Steinberger on linkedin
• Michael Lynton, David Steinberger Buy Arcadia Publishing
• Arcadia Readies for Second Year Under New Ownership
• David Steinberger's email & phone | Arcadia Publishing's
• New Investment Company Makes First Purchase: Arcadia publishing

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