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 #company posted #operating margins #operating margin #cost cutting #negative impact #foreign exchange

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AudioGO's BBC titles signed by Random House

Random House Audio has signed an agreement with BBC Worldwide to sell and distribute the company... Continue reading at The Bookseller

[ The Bookseller | 2013-12-20 00:00:00 UTC ]
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Random House's Grinch campaign encourages children to do selfless deeds over the holidays

The Grinch campaign, also known as the 'Grow Your Heart 3 Sizes,' encourages children to do good deeds in exchange for book donations. Continue reading at The Christian Science Monitor

[ The Christian Science Monitor | 2013-11-30 00:00:00 UTC ]
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Hindi ebook first from Random House India

Random House India has released the first Hindi ebook by any international publisher in the... Continue reading at The Bookseller

[ The Bookseller | 2013-11-27 00:00:00 UTC ]
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Sales Dip, Losses Rise at Books-A-Million

Sales for the third quarter ended November 2 at Books-A-Million fell 3.5%, to $100.4 million, and its net loss deepened to $7.1 million, from $2.8 million in the third period of 2012. Continue reading at Publishers Weekly

[ Publishers Weekly | 2013-11-26 00:00:00 UTC ]
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BookPeople, Random House Partner on Pen-Pal Literacy Initiative

More than 40 schools have signed on to participate in new pen-pal literacy program in Austin, Tex., launched by BookPeople and Random House Children’s Books. Continue reading at Publishers Weekly

[ Publishers Weekly | 2013-11-26 00:00:00 UTC ]
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B&N Has Better Earnings Despite Sales Decline

Revenue fell in all three of Barnes & Noble’s operating groups for the second quarter ended October 26, 2013, but the retailer managed to post a 13.7% increase in EBITDA. Continue reading at Publishers Weekly

[ Publishers Weekly | 2013-11-26 00:00:00 UTC ]
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Random House Launches 'Grinch-mas'

It's beginning to look a lot like Grinch-mas at Random House Children's Books, which kicks off its Grow Your Heart 3 Sizes promotional campaign on December 1, the newly minted National Grinch Day. Continue reading at Publishers Weekly

[ Publishers Weekly | 2013-11-21 00:00:00 UTC ]
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Random House Partners with Pinterest Producing Online Bookstore Table

Random House has partnered with Pinterest to help users discover popular content. It pulls up a page that is a lot like browsing a table at a bookstore. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2013-11-19 00:00:00 UTC ]
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Penguin Random House Canada Merges Sales Forces

There were both casualties and promotions as Penguin Random House Canada unveiled its restructured sales force. Continue reading at Publishers Weekly

[ Publishers Weekly | 2013-11-15 00:00:00 UTC ]
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Penguin Random House donates to Philippines aid

Penguin Random House is to make a "substantial donation" to the Red Cross to aid relief... Continue reading at The Bookseller

[ The Bookseller | 2013-11-14 00:00:00 UTC ]
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Third-quarter rise for Simon & Schuster

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[ The Bookseller | 2013-11-07 00:00:00 UTC ]
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Sales, Earnings Drop at Harlequin in Third Quarter

Third quarter revenue at Harlequin fell 7.1%, to C$107.8 million, and operating earnings declined to C$14.1 million from C$18.8 million in the comparable period in 2012. Continue reading at Publishers Weekly

[ Publishers Weekly | 2013-11-06 00:00:00 UTC ]
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Penguin Random House UK appoints senior finance team

The group finance director at Random House Group, Mark Gardiner, has been appointed as Penguin... Continue reading at The Bookseller

[ The Bookseller | 2013-11-05 00:00:00 UTC ]
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New name for Random House Mondadori

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[ The Bookseller | 2013-11-04 00:00:00 UTC ]
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Books in Browsers IV: The Rise of the Reader

At Books in Browsers 2013, the summit kicked off with several discussions about how readers, both as consumers and creators of content, are transforming the book publishing industry. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2013-10-25 00:00:00 UTC ]
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Sales Up, Earnings Down at EDC in Second Quarter

Educational Development Corp. reported that revenue for the second quarter ended August 31, 2013 rose 4.6%, to $5.7 million, but net earnings in the period fell to $56,400 from $138,200 in the second quarter of fiscal 2013. Continue reading at Publishers Weekly

[ Publishers Weekly | 2013-10-21 00:00:00 UTC ]
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Tina Brown memoir to Penguin Random House

Penguin Random House UK has acquired UK and Commonwealth rights to the memoirs of magazine editor... Continue reading at The Bookseller

[ The Bookseller | 2013-10-18 00:00:00 UTC ]
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Daunt: sales rise at revamped Waterstones

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[ The Bookseller | 2013-10-14 00:00:00 UTC ]
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Brazilian Children’s Books on the Rise in Frankfurt

Leading Brazilian children's publishers are in the spotlight this year at the Frankfurt Book Fair, and demonstrate Brazil's growing rights business with markets around the world. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2013-10-11 00:00:00 UTC ]
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BlackBerry cancels Q2 earnings conference call and webcast

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[ Betanews | 2013-09-26 00:00:00 UTC ]
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