06/03/2010 09:55 am ET | Updated May 25, 2011

Shakespeare & Company, Iconic Paris Bookstore, Launching Magazine And Prize

Shakespeare & Company Bookshop, the Paris literary icon originally founded by Sylvia Beach in 1919, and opened by George Whitman in 1951, is launching a literary magazine and literary prize. Both ventures will be officially announced at the famed Left Bank bookstore's fourth biannual literary festival held the weekend of June 18-20.

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