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 ]
News tagged with: #print sales #operating margins #cost cutting #negative impact #foreign exchange

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Turning a new page: the rise of #Merky Books

Malorie Blackman sold her life story to them, other hot authors are lining up. What makes Stormzy’s imprint so different?In a glass-walled meeting room on the fifth floor of Penguin Random House headquarters in Pimlico, Theophina Gabriel is talking about her love of reading while laughing at her... Continue reading at The Guardian

[ The Guardian | 2019-12-16 08:00:15 UTC ]
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Why the Rise of Paywalls Will Save Journalism

Journalism is arguably in one of the most fragile states since Gutenberg’s advent of the printing press almost 600 years Continue reading at Editor & Publisher

[ Editor & Publisher | 2019-12-13 17:13:57 UTC ]
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Q2 Sales, Earnings Up at Wiley

Helped by acquisitions, revenue at John Wiley rose 4% in the second quarter of fiscal 2020 and net income increased 2.1%. The company's academic and professional learning division was a soft spot, with revenue falling 6%. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-12-04 05:00:00 UTC ]
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Rise of comic book piracy 'a real problem'

Comic book creators search for ways to combat the rise of illegal digital sharing of their work. Continue reading at BBC World

[ BBC World | 2019-11-29 13:41:32 UTC ]
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Amazon Book Orders on the Rise

After several weeks of receiving orders from Amazon that had been significantly lower than the comparable period in 2018, publishers said orders have improved this week. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-11-21 05:00:00 UTC ]
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Walliams hits £100m earned through BookScan

David Walliams has surpassed the £100m mark through Nielsen BookScan's Total Consumer Market, a week ahead of The Beast of Buckingham Palace (HarperCollins) hitting the charts. Continue reading at The Bookseller

[ The Bookseller | 2019-11-20 22:12:15 UTC ]
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Ward becomes Random House US publisher

Andy Ward has been promoted to Random House US publisher effective immediately. Continue reading at The Bookseller

[ The Bookseller | 2019-11-18 15:04:10 UTC ]
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Ward, Desser Have New Roles at Random House

At Penguin Random House's flagship imprint, Andy Ward has been promoted to publisher, while Knopf's Robin Desser has been tapped as senior v-p and editor-in-chief. Ward is replacing Susan Kamil, who died, suddenly, last month. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-11-18 05:00:00 UTC ]
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A Toronto Bookstore Amplifies Marginalized Voices

Another Story Bookshop is focused on social justice and diversity, continuing the mission its founder established over 30 years ago. Continue reading at The New York Times

[ The New York Times | 2019-11-09 10:00:11 UTC ]
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Earnings, Sales, Drop in Q1 at HarperCollins

Profits dropped 28% at HarperCollins in the first quarter of fiscal 2020 compared to the first period of fiscal 2019, while revenue declined 3%. Parent company New Corp expects HC's financial performance to improve starting in January, the second half of the fiscal year. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-11-08 05:00:00 UTC ]
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John Catt Educational hails record results as revenue rises 16%

Indie educational publisher John Catt has reported record results for the year ending 31st August 2019, with revenues from across the business rising. Continue reading at The Bookseller

[ The Bookseller | 2019-11-05 07:35:27 UTC ]
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Blackwell's reports third year of growth as sales rise to £58.3m

Blackwell’s has reported a third consecutive year of growth, with sales of £58.3m for the financial period ending 29th June 2019, up from £57m the previous year. Continue reading at The Bookseller

[ The Bookseller | 2019-11-04 03:38:15 UTC ]
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'The Rise of Jordan Peterson' Doesn't Tell You What to Think

The documentary explores how the bestselling author has been both celebrated and reviled.  Continue reading at Wired

[ Wired | 2019-10-26 13:00:00 UTC ]
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Subscriber-only podcasts are on the rise

Podcasts are ever so slowly pivoting to subscriptions. The broad move to consumer revenue in the publishing industry is spreading to podcasts, as publishers like Slate and The Athletic look to use the loyal audiences podcasts attract to drive paying subscribers and monetize this platform in new,... Continue reading at Digiday

[ Digiday | 2019-10-24 04:01:40 UTC ]
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Frahm's take on rise and fall of Assyria goes to Bloomsbury

​Bloomsbury has signed a book from Yale professor Eckhart Frahm for the first comprehensive non-fiction account of the rise and fall of what historians consider to be the world’s very first empire: Assyria. Continue reading at The Bookseller

[ The Bookseller | 2019-10-23 07:38:23 UTC ]
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Earning Our Stripes Every Day (shelftalker)

Reflecting on “starting from scratch” with every new customer in a children’s bookstore. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-10-21 12:00:07 UTC ]
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Kate Braverman, Who Wrote of Women on the Margins, Dies at 70

Her novels, short stories and poetry were dense with lush and spellbinding imagery. As a teacher, one former student said, “She lived and died by the word.” Continue reading at The New York Times

[ The New York Times | 2019-10-18 22:39:19 UTC ]
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Michael Connelly reveals how ‘Bosch’ was born and other tales of his humble rise to fame

The author talks about his new novel, “The Night Fire,” and why, despite TV and podcasting fame, he’s a book writer at heart. Continue reading at The Washington Post

[ The Washington Post | 2019-10-16 13:00:00 UTC ]
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Why Audience Ownership Helps You Control Your Margins

The dawn of digital publishing brought about a tumultuous shift within the media landscape. Publishers have had to adapt to many emerging realities – but the latest challenge still hasn’t been fully overcome. Even if you found your place in the sun and now put all your efforts into creating... Continue reading at Publishing Executive

[ Publishing Executive | 2019-10-08 14:32:35 UTC ]
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Is Joker dangerous, unsettling or 'random button-pressing?'

Audiences are accustomed to hype and hot takes for every new comic book movie release, but the controversy surrounding Joker has reached a fever pitch. Three film critics share their views of the film and the commotion it's causing. Continue reading at CBC

[ CBC | 2019-10-04 08:00:00 UTC ]
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