The ebook is still central to B&N's strategy, but it's not selling. Barnes & Noble revealed disappointing third quarter finances this morning, including a serious decline in revenues from its Nook digital e-readers. Overall revenues were $2.2 billion, down 8.8% year on year, and its earnings were just $55 million, down 63$ on 2012. Nook division revenues were down 26% on the same quarter for 2012, with the slippage coming from sales of the e-reader devices themselves--digital content sales actually rose by 6.8%, but not enough to cover the dip in device sales. CEO William Lynch is reported as saying his company remains "committed" to the Nook, and is actively trying to reduce costs in this division of the firm in order to make it more profitable. In January the company revealed it is planning to slowly reduce the number of high street stores it operates, but that this is a considered long-term move.Read Full Story Continue reading at 'Fast Company'
[ Fast Company | 2013-02-28 00:00:00 UTC ]
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Neal Price is joining Canongate as sales director, following 11 years as sales director for Faber. Continue reading at The Bookseller
[ The Bookseller | 2015-11-12 00:00:00 UTC ]
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Big titles slated to publish in December include Adam Hamilton’s ‘John: The Gospel of Light and Life,' 'Life and Death' by medium Tim Braun, and 'The Teacup and the Skullcap' which differentiates tantra from Zen traditions. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-11-11 00:00:00 UTC ]
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Browsers Book Shop in Woodbridge, Suffolk is up for sale, after bookseller and owner Martin Whitaker, 57, has decided to retire after 10 years at the store’s helm. Continue reading at The Bookseller
[ The Bookseller | 2015-11-11 00:00:00 UTC ]
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Sales from reporting publishers to AAP's StatShot program increased 10.9% in the month compared to July 2014 in the adult book category, while sales in the children’s/young adult segment rose 11.5%. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-11-10 00:00:00 UTC ]
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Revenue at Hachette Book Group USA fell 4.2% in the third quarter of 2015. Parent company Lagardere blamed the drop in part on lower ebook sales and a stronger publication schedule in the same period in 2014. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-11-10 00:00:00 UTC ]
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Softening sales for digital books have impacted the bottom lines at HarperCollins and Simon & Schuster, according to both companies' recent earnings reports. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-11-06 00:00:00 UTC ]
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Axel Springer, the German publishing and digital media group, on Wednesday raised its forecast for 2015 revenues as increasing sales of digital classified advertising offset continued declines in print circulation and other revenues. The impro ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2015-11-04 00:00:00 UTC ]
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Double digit growth in its general merchandise operation plus increases in its core book business led to a 8.8% increase in revenue at Indigo for its second quarter ended September 26, 2015 compared to last year’s second period. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-11-03 00:00:00 UTC ]
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Revenue at the Big Five house increased 2% in the third quarter, rising to $203 million. Bestselling adult titles in the quarter included 'The Survivor' by Vince Flynn and Kyle Mills, and this year's Pulitzer Prize-winner for fiction, Anthony Doerr's 'All the Light We Cannot See.' Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-11-03 00:00:00 UTC ]
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The appointment of a ‘trustee panel’ to oversee the output of Istanbul publisher Koza-Ipek is more depressing than the police closing it downWhen Turkish police stormed the Koza-Ipek publishing house last week, closing down two daily papers and two TV channels in a forest of shields and batons,... Continue reading at The Guardian
[ The Guardian | 2015-11-01 00:00:00 UTC ]
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New books from Deborah Jian Lee and Mona Siddiqui are among the big spirituality and religion titles publishing in November. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-10-28 00:00:00 UTC ]
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The effort is aimed at improving the shopping experience offered by the organization's online retail platform, IndieBound. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-10-28 00:00:00 UTC ]
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Sales were up by an average of 30% during this year’s Books Are My Bag celebration, making 2015 the “most successful” year for the campaign yet. Continue reading at The Bookseller
[ The Bookseller | 2015-10-28 00:00:00 UTC ]
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Bloomsbury Publishing's sales grew 13% in the first half of the year, boosted by a particularly strong performance from the children’s and educational department. For the six months ending 31st August 2015, turnover totalled £52.7m, 13% higher than £46.6m for the same period in 2014. Adjusted... Continue reading at The Bookseller
[ The Bookseller | 2015-10-28 00:00:00 UTC ]
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'Tis but a scratch, of course. Still, writes Bibliolcloud and Snowbooks' Emma Barnes, certain problems in publishing begin to appear Grail-shaped to us. She's talking about such issues as accurate sales forecasting, reconciling statutory and management accounts, and knowing how profitable... Continue reading at The Bookseller
[ The Bookseller | 2015-10-28 00:00:00 UTC ]
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Revenue at Bloomsbury Publishing rose 13% in the six months ended August 31, 2015 compared to the same period a year ago, but pretax profit dipped to £342,000 from £509,000. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-10-27 00:00:00 UTC ]
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Magician series among children’s books boosting revenue at publishing house, with pre-tax profits at £1.9m Harry Potter publisher Bloomsbury has reported a jump in half-year sales after a strong performance from educational and children’s books. Sales were up 11.6% to £52.7m in the six months to... Continue reading at The Guardian
[ The Guardian | 2015-10-27 00:00:00 UTC ]
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Amazon saw a 23% rise in sales in the third quarter (ending September 30th) to $25.4bn ($20.6bn in third quarter 2014). Net income stood at $79m in the third quarter, compared to a loss of $437m in the same period in 2014. The results follow a profitable second quarter of the year. Amazon is... Continue reading at The Bookseller
[ The Bookseller | 2015-10-24 00:00:00 UTC ]
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A number of big bestsellers helped to offset 'weaker' ebook sales in the third quarter, Pearson reported. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-10-21 00:00:00 UTC ]
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The US indie website, bought this week by the publisher of Vogue, continues growing as the NME goes free, and Q and Mojo’s print circulations slideIf music journalism is dying a slow commercial death, then no one told Pitchfork. While British magazines such as NME (for which I write reviews), Q... Continue reading at The Guardian
[ The Guardian | 2015-10-16 00:00:00 UTC ]
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