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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Penguin Random House and Kellogg’s Renew ‘Feeding Reading’ Promotion

Having distributed more than 400,000 children's books last year, the PRH-Kellogg's partnership, Feeding Reading, is back this year with 125 titles on offer. The post Penguin Random House and Kellogg’s Renew ‘Feeding Reading’ Promotion appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2019-07-25 05:30:50 UTC ]
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EDC Has First Quarter Decline in Sales and Earnings

Total revenue at Educational Development Corp. dropped 8% in the first quarter of fiscal 2020, to $27.6 million, from the comparable period a year ago. Earnings, meanwhile, fell from $1.8 million a year ago to $1.3 million. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-07-24 04:00:00 UTC ]
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Penned in the Margins scoops Hakim fiction debut

Penned in the Margins has acquired poet and Sufi musician Khaled Hakim's "innovative" fiction debut.  Continue reading at The Bookseller

[ The Bookseller | 2019-07-17 06:54:45 UTC ]
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Avon earns two nominations for RNA new writer award

The Romantic Novelists' Association (RNA) has announced the line-up for its Joan Hessayon Award for new writers with two Avon titles in the running. Continue reading at The Bookseller

[ The Bookseller | 2019-07-16 05:34:40 UTC ]
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The Bookseller Names 2019 Rising Stars; Pan Mac’s Laura Ricchetti is the ‘Shooting Star’

A new class of 40 'Rising Stars' in the UK publishing industry is named by The Bookseller, in association with sponsor Frankfurter Buchmesse. The post The Bookseller Names 2019 Rising Stars; Pan Mac’s Laura Ricchetti is the ‘Shooting Star’ appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2019-07-09 05:35:30 UTC ]
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Penguin Random House India in Promotional Partnership With Wattpad

In its arrangement with PRH India, Canada’s Wattpad will introduce some of the publisher’s writers to Wattpad readers, rather than generating content from the platform. By Porter Anderson, Editor-in-Chief | @Porter_Anderson Introducing Indian Writers to Wattpad Users eeping up its brisk rate of... Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2019-07-08 15:35:12 UTC ]
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Children’s Institute Rises to New Heights

At the American Booksellers Association’s seventh Children’s Institute, one thing was clear: the annual conference has become the most important event of its kind in America today. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-07-01 04:00:00 UTC ]
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Two thirds of professional writers earn less than £10k, RSL survey finds

Sixty-seven percent of professional writers earned £10,000 or less in 2018, a Royal Society of Literature poll of more than 2,000 authors has found, with a room of one’s own still viewed as the most important requirement for a writing career 90 years on from Virginia Woolf’s seminal essay. Continue reading at The Bookseller

[ The Bookseller | 2019-06-18 18:49:13 UTC ]
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‘Africa Rising’ Day Two: Indigenous Languages, Copyright, Youth, Education and Action

As the International Publishers Association’s Africa Seminar in Nairobi moves into its second day, priority issues come into focus, and the trends appear. The post ‘Africa Rising’ Day Two: Indigenous Languages, Copyright, Youth, Education and Action appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2019-06-15 05:30:25 UTC ]
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Penguin Random House Buys F+W Media’s Books at Auction

Penguin Random House is acquiring the book publishing assets of F+W Media, which include the Writer's Digest catalog. Communities to be auctioned separately June 13. The post Penguin Random House Buys F+W Media’s Books at Auction appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2019-06-07 16:05:51 UTC ]
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The volatile era that gave rise to Jane Austen and Lord Byron

In “The Regency Years,” Robert Morrison looks at a dramatic era of 19th-century Britain. Continue reading at The Washington Post

[ The Washington Post | 2019-05-29 16:53:00 UTC ]
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Sourcebooks and Penguin Random House in ‘Collaborative Partnership’

Stressing that Sourcebooks will retain its independence, Penguin Random House's 45-percent stake in the American publisher may mean new international reach. The post Sourcebooks and Penguin Random House in ‘Collaborative Partnership’ appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2019-05-23 01:30:12 UTC ]
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Trump’s trade war means Apple’s earnings could fall by 29%

China can’t compete with America on raising tariffs, so it may choose to hinder American tech giants to show its power. As the trade war between the U.S. and China sees no signs of abating, investment banking firm Goldman Sachs says Apple’s earnings could take as much as a 29% hit if China... Continue reading at Fast Company

[ Fast Company | 2019-05-22 08:06:08 UTC ]
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Sales, Earnings Up at Bloomsbury in Fiscal 2019

Strong revenue gains in the U.K. publisher's academic and professional division offset declines in its children's trade group. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-05-21 04:00:00 UTC ]
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The rise and fall of a small American fortune

Wealth didn’t make her family immune from insecurity and heartbreak, Janny Scott writes. Continue reading at The Washington Post

[ The Washington Post | 2019-05-17 11:47:32 UTC ]
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BookExpo's Librarians' Lounge 2019: Sweet Summer Reads, Courtesy of Penguin Random House Adult Library Marketing

On Thursday, May 30, from 3:30 to 4:30 p.m., join Penguin Random House in the Librarians' Lounge (Booth 557) for a meet and greet with some of the publishers' hottest authors. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-05-14 04:00:00 UTC ]
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BookExpo's Librarians' Lounge 2019: Meet the Authors and Editors Behind Random House's New ‘Make Me a World’ Imprint

On Friday, May 31, from 9:30 to 10:30 a.m., join Random House Children's Books in the Librarians' Lounge (Booth 557) for an exclusive talk with some of the creators behind the publishers' inclusive new publishing program. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-05-14 04:00:00 UTC ]
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Earnings Jumped 29% in Q3 at HarperCollins

Strong sales of Christian books, backlist titles, and downloadable audiobooks led to a 29% increase in earnings at HarperCollins in the quarter ended March 31, 2019, over the comparable period last year. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-05-09 00:00:00 UTC ]
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Penguin Random House Grupo Editorial Acquires Ediciones Salamandra

One of Spain's most prominent independent houses, Ediciones Salamandra brings some 500 authors to Penguin Random House Grupo Editorial. The post Penguin Random House Grupo Editorial Acquires Ediciones Salamandra appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2019-05-03 00:00:00 UTC ]
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Woody Allen’s memoir earned little interest by publishers, report says

Woody Allen wrote a memoir, but couldn't find a publisher interested in buying it, the New York Times reports. The film director, who has faced turmoil after the re-emergence of allegations of sexual abuse, had no luck getting publishers interested in a manuscript he had written, according to the... Continue reading at Los Angeles Times

[ Los Angeles Times | 2019-05-03 00:00:00 UTC ]
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