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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AAR/SBL 2017: Attendance Rises, Trump Talk Dominates

Nearly 10,300 scholars gathered in Boston from Nov. 18-21 for the annual meetings of the American Academy of Religion (AAR) and the Society of Biblical Literature (SBL), marking an almost 8.5% increase in attendance from last year. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-11-22 00:00:00 UTC ]
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HarperCollins global revenues rise $12m in first quarter

Worldwide revenues at HarperCollins have grown by $12m (£9.13m) to $401m (£305.24m) for the first quarter of 2017, with digital sales increasing 6% due to growth in audiobook sales. Continue reading at The Bookseller

[ The Bookseller | 2017-11-11 00:00:00 UTC ]
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Chancellor 'poised to reduce planned business rate rise'

Chancellor Philip Hammond could be set to scrap plans to raise business rates by 3.9% next April. Continue reading at The Bookseller

[ The Bookseller | 2017-11-07 00:00:00 UTC ]
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Audio helps S&S to 1% rise in third quarter

Simon & Schuster's worldwide sales grew 1% in the third quarter, up from $226m to $228m (£175m). Continue reading at The Bookseller

[ The Bookseller | 2017-11-04 00:00:00 UTC ]
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Amazon sales rise 34% in third quarter

Amazon has reported a 34% rise in sales to $43.7bn (£33.41bn) for the three months ending September 30th, with the recent acquisition of Whole Foods Market contributing $1.3bn (£0.99bn) to that total. Continue reading at The Bookseller

[ The Bookseller | 2017-10-28 00:00:00 UTC ]
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Salt signs Rising Star Fisher's debut

Salt has acquired the debut novel from Bookseller rising star and co-founder of Burley Fisher Books, Sam Fisher. Continue reading at The Bookseller

[ The Bookseller | 2017-10-23 00:00:00 UTC ]
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A Look at Random House's Newhouse Years

Nicholas Latimer, who joined Random House in 1983 and is now v-p and director of publicity at Knopf, recalsl what working for the publisher was like when it was owned by the late media and publishing magnate Si Newhouse. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-10-20 00:00:00 UTC ]
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Frankfurt Book Fair 2017: Trade Visitors Flat, but Overall Attendance Rises

Professional attendance at the 2017 Frankfurt Book Fair was essentially flat, but overall attendance, including the public visitors on the fair's closing day, was up by 3%. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-10-16 00:00:00 UTC ]
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Frankfurt Book Fair 2017: Penguin Random House CEO Markus Dohle's Full Remarks

The head of Penguin Random House explains his belief that the global book business is doing better today than at any point in the last 50 years. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-10-15 00:00:00 UTC ]
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NYCC 2017: Manga Sales Continue to Rise

U.S. manga sales continue to grow thanks to the popularity of such series as Pokeman, Legend of Zelda, Fairy Tail, My Hero Academia and others. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-10-13 00:00:00 UTC ]
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Dog's tales and meowmoirs: the irresistible rise of endearing animal books

A cuddly antidote to worrying times, ‘pet lit’ has become a publishing phenomenon. But isn’t it all a bit twee?Picture the scene: it’s the end of a long day. You’re tired, you’re cold, you need to curl up with a cup of tea and something comforting to read. But wait! You also love animals. What... Continue reading at The Guardian

[ The Guardian | 2017-10-12 00:00:00 UTC ]
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Penguin Random House Buys Sasquatch Books

The Seattle-based house, which was named one of PW’s fast-growing independent publishers of 2016, was bought by Penguin Random House for an undisclosed sum. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-10-04 00:00:00 UTC ]
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National Poetry Day celebrated as sales rise 15%

National Poetry Day takes place today (28th September) with the launch of a new BBC poetry and performance festival featuring Kate Tempest, Hollie McNish and Simon Armitage among others. Continue reading at The Bookseller

[ The Bookseller | 2017-09-29 00:00:00 UTC ]
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Unit Sales Rise 4% in Late September

After four weeks of declining sales, units bounced back in the week ended Sept. 24, 2017, increasing 4% over the comparable week in 2016 at outlets that report to NPD BookScan. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-09-29 00:00:00 UTC ]
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Kate Tempest celebrates rhyme as poetry sales rise

Poetry book sales are up by 10% as Kate Tempest and John Cooper Clarke help celebrate National Poetry Day. Continue reading at BBC News

[ BBC News | 2017-09-28 00:00:00 UTC ]
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S&S signs Labour rising star Liam Young

Simon & Schuster has signed a book on the rise of the youth involvement in the Labour Party by rising political star Liam Young. Continue reading at The Bookseller

[ The Bookseller | 2017-09-27 00:00:00 UTC ]
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Peruvian 'rising star' to Charco Press

Edinburgh-based publishing house Charco Press has snapped up World English rights to Peruvian author Renato Cisneros’ "breakthrough" novel La Distancia Que Nos Separa (The Distance That Separates Us). Continue reading at The Bookseller

[ The Bookseller | 2017-09-22 00:00:00 UTC ]
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Edinburgh UP reports 12% sales rise

Edinburgh University Press has reported a 12% rise in sales for the year to end July 2017, to £3.22m. Continue reading at The Bookseller

[ The Bookseller | 2017-09-18 00:00:00 UTC ]
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Former 'Esquire' Editor Tapped for Job at Little Random

Mark Warren, formerly an editor at 'Esquire,' has been named v-p and executive editor of the Random House imprint, effective October 16. At little Random, he will be acquiring nonfiction, with a focus on politics and history. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-09-13 00:00:00 UTC ]
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Random House to Publish New Pope Francis Book

The publisher won North American and audio rights, at auction, to ‘Happiness In This Life,’ a collection of Pope Francis’s short speeches and homilies, slated for publication in December. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-09-06 00:00:00 UTC ]
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