Kirkus announces 3 new $50,000 prizes for literature

Kirkus Reviews, the literary journal best known for its pre-publication reviews of forthcoming books, said on Wednesday evening that it was creating three new literary prizes — for fiction, nonfiction and young readers’ literature. The prize in each category, bestowed annually, will be $50,000, a relatively large amount in the world of literary awards.

Kirkus gives a coveted star review to only about 10 percent of the 7,000 or so books it reviews each year from publishers, but all of the books that receive a star and have publication dates between Oct. 1, 2013, and Sept. 30, 2014, will be automatically nominated for the first round of prizes.

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