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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Random House Kids Acquires Now I’m Reading! Platform

Random House Children's Books has acquired Now I’m Reading! a step-by-step series that guides beginning readers through to independent reading. The post Random House Kids Acquires Now I’m Reading! Platform appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2014-11-12 00:00:00 UTC ]
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Random House Business Books gets persuasive

Random House Business Books is to publish Pre-suasion by Robert Cialidini, a follow-up to the author’s book Influence (HarperBusiness). Publishing director Nigel Wilcockson acquired UK and Commonwealth rights from Caspian Dennis at Abner Stein. In Pre-suasion, Cialdini will build on his... Continue reading at The Bookseller

[ The Bookseller | 2014-11-08 00:00:00 UTC ]
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Sales Up, Earnings Down at HMH Trade

Sales at Houghton Mifflin Harcourt’s trade segment rose 1.5% in the third quarter of 2014 compared to the same period last year, rising to $46.5 million. Adjusted EBITDA , however, dropped 16.3% to $7.2 million. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-11-06 00:00:00 UTC ]
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Quarterly Earnings Flat at S&S, Sales Dropped 11%

Faced with a difficult comparison to last year's third quarter, sales at Simon & Schuster fell 11% in the third period ended September 30, 2014, compared to the same period last year. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-11-06 00:00:00 UTC ]
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Random House Buys innovativeKids Book Line

Random House Children’s Books has acquired the Now I’m Reading! product line of books from innovativeKids, a toy and education company based in Norwalk, Ct. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-11-06 00:00:00 UTC ]
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Cheltenham festival sees 7% ticket sale rise

Cheltenham Literature Festival had a “record-breaking” 2014, with almost 140,000 tickets sold, up 7% from the year before. People from all bar three UK postcodes attended the festival, and both Saturdays of the 10-day event saw more than 20,000 in attendance. Meanwhile Waterstones, the... Continue reading at The Bookseller

[ The Bookseller | 2014-11-01 00:00:00 UTC ]
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E-book prices may rise as VAT law kicks in

Publishers and retailers will aim to prevent ebook prices from soaring when a new European-wide VAT law on digital products is introduced on 1st January. Following a European Commission ruling dating back to 2008, ebooks and other digital services—including broadcasting and... Continue reading at The Bookseller

[ The Bookseller | 2014-10-28 00:00:00 UTC ]
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In Perseus Reorg, Weinberg and Suchomel Rise

A little more than two months after the deal to sell the Perseus Books Group to the Hachette Book Group USA and Ingram fell apart, Perseus CEO David Steinberger has implemented a restructuring. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-10-16 00:00:00 UTC ]
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Print books are outselling digital by a healthy margin

In the first half of 2014, according to a Nielsen Books & Consumer survey, print book sales were more than twice those of digital. Continue reading at The Christian Science Monitor

[ The Christian Science Monitor | 2014-10-09 00:00:00 UTC ]
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Bertelsmann plans to lift Penguin Random House stake

Bertelsmann SE, Europe's biggest media company, intends to increase its stake in book-publishing venture Penguin Random House as early as next year, according to people familiar with the... To view the full story, click the title link. Continue reading at Crains New York

[ Crains New York | 2014-10-07 00:00:00 UTC ]
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Religion Update Fall 2014: From the Margins to the Center

A generation ago, church history was the trending topic in American religious history books, with Protestant titles dominating. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-10-03 00:00:00 UTC ]
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Random House Offers 2-Day Transit for the Holidays

For the third year in a row, Random House (but not its Penguin side, because the warehouses aren't integrated yet) will provide express shipping, starting November 1. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-09-30 00:00:00 UTC ]
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Penguin Random House Canada Merges Distribution

As a part of the merger, Penguin Canada's books will migrate south to be distributed from Penguin Random House of Canada's facilities in the U.S. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-09-23 00:00:00 UTC ]
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AAP records 3.9% revenue rise to May 2014

Growth of 3.9% in net revenue for the overall trade publishing sector in the US for the first... Continue reading at The Bookseller

[ The Bookseller | 2014-09-19 00:00:00 UTC ]
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Rising Stars head to Frankfurt

Following the Frankfurt Book Fair’s sponsorship of The Bookseller’s Rising Stars list... Continue reading at The Bookseller

[ The Bookseller | 2014-09-12 00:00:00 UTC ]
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Sales Up, Earnings Down at Wiley

John Wiley reported that revenue for the first quarter ended July 31, 2014 rose 6.6%, to $437.6 million, while net income fell to $33.6 million from $35.9 million in the first quarter of fiscal 2014. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-09-09 00:00:00 UTC ]
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Wiley reports quarterly rise and new UK partnership

John Wiley & Sons has reported a 4% year-on-year revenue rise at constant currency for the... Continue reading at The Bookseller

[ The Bookseller | 2014-09-09 00:00:00 UTC ]
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Century signs Easter Rising history

Century is to publish a book by former IRA member turned informant Sean O’Callaghan,... Continue reading at The Bookseller

[ The Bookseller | 2014-09-05 00:00:00 UTC ]
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Chromebook on the rise, with sales set to triple by 2017

Google's Chromebook is on the up and up, according to the latest report published by analyst firm Gartner. This year, Gartner estimates that total Chromebook sales will hit 5.2 million, which is up 79 percent from 2013. Looking further out to 2017, the number of units sold should reach 14.4... Continue reading at Betanews

[ Betanews | 2014-08-13 00:00:00 UTC ]
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Harper 2014 Earnings Jump 5%; S&S Second Quarter Up 12%

According to two different reports, HarperCollins finished a strong fiscal 2014, which ended June 30, with revenue of $1.4 billion, up 5% over last year, while Simon & Schuster reported second-quarter revenues of $211 million, a 12% increase over the same period in 2013. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-08-08 00:00:00 UTC ]
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