Kirkus unveils three $50,000 book prizes

Kirkus Reviews -- long considered the book industry's most ferocious trade publication -- is showing some love, and lots of cash. Tonight at a party on the eve of the BookExpo America convention in New York, Kirkus announced its creation of three new literary awards worth $50,000 each. The annual Kirkus Prizes, which will be among the largest cash awards in the literary world, will honor works of fiction, nonfiction and young readers' literature.