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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'The Bone Season': the new book earning 'Harry Potter' comparisons

Debut author Samantha Shannon has received plenty of pre-release buzz for her novel 'The Bone Season,' which comes out today. Continue reading at The Christian Science Monitor

[ The Christian Science Monitor | 2013-08-21 00:00:00 UTC ]
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Magazine ABCs: Style at Home continues double-digit circulation rise

IPC Media's Style at Home and Ideal Home, and Hearst Magazines UK's Elle Decoration, posted circulation increases in the first half of 2013, as the wider home interests sector posted modest declines. Continue reading at Media Week

[ Media Week | 2013-08-15 00:00:00 UTC ]
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Sales Rise at HMH, Loss Cut

With sale up in both its education and trade groups, total revenue at Houghton Mifflin Harcourt rose 5% in the second quarter ended June 30, 2013 compared to the second quarter of 2012. Continue reading at Publishers Weekly

[ Publishers Weekly | 2013-08-15 00:00:00 UTC ]
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Search for trade's Rising Stars kicks off

The Bookseller has begun its search for its third annual Rising Stars, a listing of the industry... Continue reading at The Bookseller

[ The Bookseller | 2013-08-07 00:00:00 UTC ]
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Random House Launches SF/Fantasy Writing Community

Suvudu, Random House's online destination for science fiction and fantasy fans, launched Suvudu Universe, an online community for SF and fantasy bloggers. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2013-08-07 00:00:00 UTC ]
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Second Quarter Earnings Jump at S&S

Second quarter sales at Simon & Schuster held even at $189 million in the period ended June 30, 2013, while operating income jumped to $20 million from $7 million in last year’s second quarter. Continue reading at Publishers Weekly

[ Publishers Weekly | 2013-07-31 00:00:00 UTC ]
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Sales, Earnings Down at Harlequin

Revenue fell 7% at Harlequin in the second quarter ended June 30, to C$99.5 million, and operating earnings dropped to C$10.5 million from C$18.1 million in the second quarter of 2012. Continue reading at Publishers Weekly

[ Publishers Weekly | 2013-07-31 00:00:00 UTC ]
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Is Vikram Seth the First Casualty of the Random House/Penguin Merger?

The Times of India reports that Penguin Random House is demanding that Vikram Seth return his $1.7 million advance for failure to meet his submission deadline. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2013-07-11 00:00:00 UTC ]
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Penguin Random House aims to bookend Amazon's rule

Almost overnight, the New York book publishing landscape got a lot smaller—or bigger, if you happen to work for Random House or Penguin, which last week became the publishing industry behemoth Penguin Random House. With more than 10,000 employees, the new global publisher will control 25% of the... Continue reading at Crains New York

[ Crains New York | 2013-07-07 00:00:00 UTC ]
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Penguin Random House Begins

With the deal now done, the new executive team of Penguin Random House can begin the process of building a 21st-century publishing company, CEO Markus Dohle told PW in an interview last week from London, where he was on the first leg of a tour to visit the various global offices of PRH. Continue reading at Publishers Weekly

[ Publishers Weekly | 2013-07-06 00:00:00 UTC ]
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Penguin Random House dominates bestseller charts

In the week when Penguin Random House came into being, the combined group has dominated the top... Continue reading at The Bookseller

[ The Bookseller | 2013-07-03 00:00:00 UTC ]
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Press Release: CEO Markus Dohle Announces Penguin Random House Global Leadership Team

Following the completion of the merger between Penguin and Random House, CEO Markus Dohle announces the global senior executive team for the new Penguin Random House, which now controls around 25% of the trade book market in the US. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2013-07-01 00:00:00 UTC ]
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Weldon to lead Penguin Random House UK

Penguin UK chief executive Tom Weldon has been appointed chief executive of Penguin Random House... Continue reading at The Bookseller

[ The Bookseller | 2013-07-01 00:00:00 UTC ]
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Trade reacts to Penguin Random news

Industry members have welcomed the confirmation this morning (1st July) of the Penguin Random... Continue reading at The Bookseller

[ The Bookseller | 2013-07-01 00:00:00 UTC ]
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Penguin and Random House finalize merger

Penguin and Random House finalized on Monday morning a merger that brings together two legacy publishers.Calling their union “the world’s first truly global trade book publishing company,” Penguin and Random House finalized on Monday morning a merger that brings together two legacy publishers,... Continue reading at Los Angeles Times

[ Los Angeles Times | 2013-07-01 00:00:00 UTC ]
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Penguin Random House merger completed

Pearson and Bertelsmann have completed the merger of Penguin and Random House to create Penguin... Continue reading at The Bookseller

[ The Bookseller | 2013-06-28 00:00:00 UTC ]
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Penguin Random House Merger: UK Reactions (And Melville House’s)

At The Bookseller, publishing insiders in the UK gave their advice to the upcoming management of the soon to be merged Penguin/Random House. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2013-06-27 00:00:00 UTC ]
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Distribution: Charlesbridge and Random House Agree

Charlesbridge Publishing and Random House Publisher Services have announced a multiyear sales and distribution partnership, effective January 1, 2014. Continue reading at Publishers Weekly

[ Publishers Weekly | 2013-06-25 00:00:00 UTC ]
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