HC Profits Soared 42% in Q1 of Fiscal 2019

Strong backlist sales, in addition to a 55% jump in sales of digital audiobooks, led to a 42% increase in earnings at HarperCollins in the quarter ended September 30, 2018, over the comparable period a year ago. Continue reading at 'Publishers Weekly'

[ Publishers Weekly | 2018-11-08 00:00:00 UTC ]
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New York City's fiscal crisis that never was

Ten months ago, Mayor Eric Adams warned of the need for “painful” cuts to the city’s budget, affecting everything from early education to trash pickup. He spoke of a looming fiscal crisis spurred by the cost of caring for tens of thousands of migrants flooding the city from the Texas... Continue reading at Crains New York

[ Crains New York | 2024-07-02 19:33:04 UTC ]
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Barnes & Noble Education Puts a Wrap on a Turbulent Fiscal 2024

The college bookstore operator closed the fiscal year ended April 27, 2024, with a smaller loss than fiscal 2023, new financing, a new CEO, and a new board. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-07-02 04:00:00 UTC ]
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Wiley Looks Ahead After a Transitional Fiscal 2024

With its divestiture program nearing completion, positive indicators in its research group, and ongoing generative projects, Wiley expects sales and earnings to bounce back in fiscal 2025. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-06-13 04:00:00 UTC ]
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BuzzFeed shares soar as Vivek Ramaswamy takes activist stake

BuzzFeed shares soared early Wednesday after the entrepreneur and former presidential candidate Vivek Ramaswamy reported a stake in the online media company and asked for talks with the board.Ramaswamy, who ended his candidacy in January and threw his support behind Donald Trump, has taken a... Continue reading at Crains New York

[ Crains New York | 2024-05-22 14:46:15 UTC ]
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HarperCollins Profits Slow Down in the Third Quarter

HarperCollins eked out only a small profit in its latest quarter, with a 14% increase in digital audiobook sales insufficient in offsetting softer sales to Walmart and Costco and slowing sales of romance books and children's books. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-05-09 04:00:00 UTC ]
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Entangled Publishing Soars into the Empyrean

After a record-breaking 2023, the publisher of Rebecca Yarros’s blockbusters, 'Fourth Wing' and 'Iron Flame,' looks to keep flying high in 2024. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-04-19 04:00:00 UTC ]
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Entangled Publishing Soars

After a record-breaking 2023, the publisher of Rebecca Yarros’s blockbuster 'Empyrean' series looks to keep rolling in 2024. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-04-19 04:00:00 UTC ]
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Ebook, Digital Audiobook Use Up 286% in K-12 Schools Since 2019; 20% since 2022

Ebook and digital audiobook use by kindergarten through 12th grade students has exploded in popularity, up 20% since 2022, 286% since 2019. Continue reading at Book Riot

[ Book Riot | 2024-04-03 14:54:32 UTC ]
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RuPaul has launched an online bookshop that will share its profits with writers.

There’s a new online bookstore in town—and this time it’s helmed by RuPaul. Yes, that RuPaul. (Reading being, after all, fundamental.) Allstora, announced today*, is a membership-based bookstore that offers a profit-split to authors. RuPaul serves as Allstora’s Chief Creative Officer and... Continue reading at Literrary Hub

[ Literrary Hub | 2024-03-04 16:45:28 UTC ]
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Indigo Sales Dropped 12% in Q3 and Profits Plunged

Just days after it revealed that it had received an offer to take the company private, Canada's Indigo Books & Music released its financial results for the crucial holiday season—and as even CEO Heather Reisman admitted, the results were “disappointing.” Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-02-09 05:00:00 UTC ]
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Amazon Turns $2.7 Billion Loss in 2022 to a Profit of $30 Billion in 2023

A strong holiday shopping season, an improved fulfillment operation, and cost cuts including an estimated 27,000 layoffs resulted in a $30 billion profit for Amazon in 2023 following a loss of $2.7 billion in 2022. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-02-02 05:00:00 UTC ]
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Trouble with Book Fairs Prompts Scholastic to Lower Financial Forecast for Fiscal 2024

CEO Peter Warwick attributed lower than expected second quarter results to a “complex” school environment characterized by “growing polarization in U.S. society and politicized schools and school boards.” Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-12-15 05:00:00 UTC ]
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Bloomsbury’s fantasy list helps it to record £17.7m first-half profits

Publisher to double dividend after demand grows for books by Sarah J Maas and Samantha ShannonBusiness live – latest updatesThe book publisher Bloomsbury has hit record profits in the first half of the year thanks in part to a boom in fantasy fiction driven by the American author Sarah J Maas,... Continue reading at The Guardian

[ The Guardian | 2023-10-26 07:50:43 UTC ]
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Vice Media Group’s Cory Haik says company’s publishing business is ‘very close to profitability’

During the Digiday Publishing Summit, the COO of VMG’s news and entertainment arm explained how its publishing business plans to bounce back over the next 12 to 18 months. Continue reading at Digiday

[ Digiday | 2023-09-20 04:01:00 UTC ]
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Costs Cut into Profits at Big Publishers

In the first half of 2023, publishers struggled to keep expenses down, with multiple companies citing higher costs as the major reason margins shrank in the first six months of 2023. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-09-01 04:00:00 UTC ]
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After Six Turbulent Months, Penguin Random House Profits Increase Slightly

Despite a tumultuous first half of 2023 that included major buyouts and some layoffs, sales at Penguin Random House rose 9.5% in the first six months of 2023 over the comparable period in 2022. Operating earnings increased slightly, by €1 million. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-08-30 04:00:00 UTC ]
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#BookTok Helped Book Sales Soar. How Long Will That Last?

In July, for the first month ever, sales from the roughly 180 BookTok authors BookScan follows fell from the prior year. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-08-18 04:00:00 UTC ]
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News Corp profits dive 75% as Rupert Murdoch-owned company hints at AI future

Poor result weighed down by lower print and digital advertising at News Corp Australia, a division that includes flagship newspaper The AustralianRupert Murdoch’s News Corporation has recorded a steep 75% drop in full-year profit but sees opportunities ahead as it expands the use of cost-saving... Continue reading at The Guardian

[ The Guardian | 2023-08-11 00:14:07 UTC ]
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HC Union Files Grievance After Unit Chair Terminated

The union has filed an Unfair Labor Practice charge with the National Labor Relations Board alleging that union unit chair Stephanie Guerdan was "wrongfully terminated" last week because of her union ties. HC called the allegations "patently false." Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-07-25 04:00:00 UTC ]
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Book Fairs Boost Scholastic Results in Fiscal 2023

In a week filled with bad book business news and a down year for the children's book market, Scholastic nonetheless delivered a generally upbeat financial report for its latest fiscal year—thanks in no small part to the company's booming book fair business. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-07-20 04:00:00 UTC ]
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