Earnings, Margins Rise at Random

Although worldwide sales at Random House fell 4.3% in 2011, the company posted its highest earnings and operating margins in at least five years. EBIT (earnings before interest and taxes) rose 6.9%, to 185 million euros, with an operating margin of 10.6%, a full percentage point higher than 2010. Between 2007 and 2011, sales on a reported basis fell 4.8%, while operating EBIT jumped 35.0%. Cost cutting, including consolidating office space in Random’s New York headquarters, and lower returns due to higher ebook sales contributed to the higher profits in 2011. The sales decline was due to a combination of the negative impact of foreign exchange and a decline in print sales. Continue reading at 'Publishers Weekly'

[ Publishers Weekly | 2012-03-30 00:00:00 UTC ]
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Audiobooks in Russia: Storytel and LitRes Cite Rising Interest

Storytel reports seeing a rise in audiobook downloads in Russia by 45 percent in the last year. LitRes leads market. The post Audiobooks in Russia: Storytel and LitRes Cite Rising Interest appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2021-09-14 11:42:09 UTC ]
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Lambeth Libraries’ Rising Star Dixon on partnerships and community in lockdown

Zoey Dixon, named a Bookseller Rising Star in 2020, has been a leading light in making libraries more accessible, both before and during Covid, in her development role at Lambeth Libraries. Continue reading at The Bookseller

[ The Bookseller | 2021-09-03 01:24:28 UTC ]
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Booktopia 'eclipses expectations' as sales rise 35%

Revenue at Australian online book retailer Booktopia Group Limited has grown by 35% this year, soaring to $223.9m (£119m) from last year's $165.7m (£88m) and beating its forecasts for the full year to 30th June 2021.  Continue reading at The Bookseller

[ The Bookseller | 2021-08-31 13:52:14 UTC ]
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First Half Profits Soared at Penguin Random House

Booming audiobook sales and strong performances in some of its largest markets boosted profits up 55.1% at Penguin Random House in the first six months of 2021. Revenue rose 10.9%, to €1.80 billion. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-08-31 00:00:00 UTC ]
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Daunt reveals sales rise at Barnes and Noble

James Daunt has hailed a rise in sales at American bookseller Barnes & Noble following changes he introduced after being appointed as its c.e.o. in 2019. Continue reading at The Bookseller

[ The Bookseller | 2021-08-27 02:05:18 UTC ]
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Bible Reading on the Rise

Publishers are expanding their lines of Bibles as a new study reveals that readership is up. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-08-20 04:00:00 UTC ]
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Amazon Charts: King and Jane's Patisserie rise to the top

Jane Dunn's Jane's Patisserie (Ebury) and Stephen King's Billy Summers (Hodder & Stoughton) have topped Amazon's Most-Sold: Non-Fiction and Most-Sold: Fiction rankings respectively. Continue reading at The Bookseller

[ The Bookseller | 2021-08-11 22:55:21 UTC ]
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China market turns frosty for Taiwan books, as tensions rise

These days, just being an author from Taiwan could dash your chances of getting a book published in China Continue reading at ABC News

[ ABC News | 2021-08-11 14:32:35 UTC ]
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On accountability and Andrew Cuomo’s rise-and-fall story

Yesterday morning, Rita Glavin—an attorney for Andrew Cuomo, the governor of New York, who has vigorously defended her client (including in a fifty-one-minute live interview on CNN) since a state report concluded that he sexually harassed eleven women—came out swinging again in a virtual... Continue reading at Columbia Journalism Review

[ Columbia Journalism Review | 2021-08-11 12:45:23 UTC ]
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4 Takeaways From Top Publishers’ Earnings Reports This Week

Several dominant digital media publishers--BuzzFeed, Dotdash, The New York Times and The Wall Street Journal--all disclosed the state of their financial health this past week, and taken together the findings reveal some of the key trends shaping the industry. While the four companies face... Continue reading at AdWeek

[ AdWeek | 2021-08-06 21:11:12 UTC ]
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Censorship on the Rise Worldwide

The International Publishers Association and PEN have documented hundreds of attacks on press freedom, many of them targeting LGBTQ and dissident groups. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-08-06 04:00:00 UTC ]
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Penguin Random House USA Sets September 13 to Start Reopening Offices

The Penguin Random House US staff is told in a memo that vaccinations will be required in offices reopening in September. The post Penguin Random House USA Sets September 13 to Start Reopening Offices appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2021-07-13 15:41:49 UTC ]
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Fiction Sales Continue to Rise

Sales of adult fiction rose 28.1% last week and young adult fiction jumped 49.6%, driving a 6.4% increase in total unit sales of print books last week over the week ended June 27, 2020. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-07-01 04:00:00 UTC ]
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Rise of 'hybrid authors' as writers buy back their rights

The “rise of the hybrid author” was discussed at London Book Fair, with the prediction that writers will increasingly buy back rights to their own books from publishers.  Continue reading at The Bookseller

[ The Bookseller | 2021-06-24 22:00:58 UTC ]
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Taylor Jenkins Reid’s ‘Malibu Rising’ is a fiery mix of celebrity culture and family drama

As always, Reid balances a tragic tale with just the right amount of joy, love and levity. Continue reading at The Washington Post

[ The Washington Post | 2021-05-31 11:00:00 UTC ]
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How Booksellers Were Complicit in the Resurgence of White Supremacy and the Rise of Donald Trump

When Sean Spicer was given prime billing at BookExpo America and Milo Yiannopoulos tried to publish a book with Simon & Schuster, I churned out 40 pages of text about free speech, white supremacy, and independent bookstores over the next several months, returning to it now and then as a... Continue reading at Literrary Hub

[ Literrary Hub | 2021-05-27 08:54:54 UTC ]
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‘We Always Rise.’ A Black-Owned Bookstore in Newark Navigates the Pandemic

Source of Knowledge has been a Newark mainstay for decades. It survived the past year thanks to the generosity of its customers and an owner who provides more than just books. Continue reading at The New York Times

[ The New York Times | 2021-05-22 09:00:26 UTC ]
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More support needed as Covid-19 hits author earnings, say MPs

More targeted support is needed for the country’s “fragile creative and cultural sectors” beyond emergency funding, according to a new report into the impact of coronavirus on the UK’s authors and writers.  Continue reading at The Bookseller

[ The Bookseller | 2021-05-11 05:20:25 UTC ]
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Faith and Gift Publishers See Spiritual Journal Sales Rise

From journaling Bibles to prayer journals, publishers have seen a jump in journal sales as people look for ways to cope with pandemic pressures. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-05-11 04:00:00 UTC ]
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The Rise of Virtual Foreign Author Tours

The shift to virtual author events during the pandemic has prompted booksellers and publishers to put together events for overseas authors who would not traditionally tour the U.S. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-05-07 04:00:00 UTC ]
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