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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The results of the latest annual sales survey from the Audiobook Publishers Association are in, and they show big jumps in both sales and title output in 2014. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-08-07 00:00:00 UTC ]
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What Pet Should I Get? is publisher’s fastest-selling picture book yetHarper Lee’s Go Set A Watchman is not the only recently discovered work to be breaking records this summer. Dr Seuss’s long-forgotten manuscript What Pet Should I Get? has sold 200,000 copies in just a week, its American... Continue reading at The Guardian
[ The Guardian | 2015-08-07 00:00:00 UTC ]
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The New York Times Co. posted second-quarter profit that topped analysts' estimates after the publisher cut expenses faster than revenue declined.Earnings excluding some items were 13 cents a share, the New York-based company said in a statement. That compares with the 11-cent average of... Continue reading at Advertising Age
[ Advertising Age | 2015-08-06 00:00:00 UTC ]
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Sales in the publisher's trade segment inched up 0.5% in the second quarter, to $37.4 million. But adjusted EBITDA fell to $412,000, from $1.9 million in the second quarter of 2014. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-08-06 00:00:00 UTC ]
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Sales in the adult book segment rose 2.3% in April over April 2014, according to figures released by the AAP. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-08-06 00:00:00 UTC ]
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Simon & Schuster posted an 8.6% increase in operating income in the second period of 2015 over the same period in 2014 while revenue fell 5.6%, to $199 million. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-08-05 00:00:00 UTC ]
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Paula Hawkins's blockbuster debut, 'The Girl on the Train,' led ebook sales for the first quarter of 2015. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-08-04 00:00:00 UTC ]
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Sales at Hachette UK were down 3.5% in the first six months of 2015 compared to the year before, because of a “slate of new releases that was not as strong as the first half of 2014”, according to results announced by Hachette's parent company Lagardere. E-books represented 33% of sales in... Continue reading at The Bookseller
[ The Bookseller | 2015-08-01 00:00:00 UTC ]
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A decline in Hachette's 2015 half year sales reflect continuing challenges from a slowdown in ebook sales stemming from its 2014 battle with Amazon over sales terms. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-07-31 00:00:00 UTC ]
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Like their Main Street bricks-and-mortar counterparts, bookstores at airports and train stations are benefitting from a print revival. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-07-31 00:00:00 UTC ]
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Over the past several years, the Clippers and the Memphis Grizzlies have become rivals, their games filled with tough, physical, chippy play. Continue reading at Los Angeles Times
[ Los Angeles Times | 2015-07-29 00:00:00 UTC ]
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Pearson has confirmed that it is in talks to sell The Economist Group. The company said it is “in discussions” with the board of The Economist Group and with trustees regarding sale of its 50% share. “There is no certainty that this process will lead to a transaction,” said a statement from... Continue reading at The Bookseller
[ The Bookseller | 2015-07-28 00:00:00 UTC ]
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Cambridge University Press saw sales rise 5% year-on-year at constant currency rates to £269m in the year ended April 2015, according to its latest annual report. The increase reflected "significant" expansion in its Education division, which was offset by lower increases in Academic. However... Continue reading at The Bookseller
[ The Bookseller | 2015-07-28 00:00:00 UTC ]
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John Fallon says it was getting harder to run education and journalism arms well and is confident Japanese firm will honour editorial freedomPearson was no longer the best owner of the Financial Times, the publishing group’s chief executive has said in defence of the decision to sell the... Continue reading at The Guardian
[ The Guardian | 2015-07-24 00:00:00 UTC ]
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Cloud services continue to grow by leaps and bounds for Amazon.com.The company reported that Amazon Web Services generated $1.8 billion in sales in the second quarter, up about 80 percent from the $1 billion it brought in a year earlier.That helped Amazon achieve a profit of $92 million, a... Continue reading at PC World
[ PC World | 2015-07-24 00:00:00 UTC ]
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Although total Amazon sales rose 20% in the second quarter of 2015, sales in the media group, where book and ebook sales are reported, fell 2.6%. The decline was due to foreign exchange fluctuations which dropped international media revenue. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-07-23 00:00:00 UTC ]
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New books from Koitsu Yokomaya and Wanda Brunstetter are among the big spirituality and religion titles publishing in August. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-07-22 00:00:00 UTC ]
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"Why are we still getting humans to do the work of computers?" Regular FutureBook contributor Emma Barnes of Bibliocloud and Snowbooks sees paperclip-and-pencil jobs in publishing as where industry newcomers get off on the wrong foot. And she follows the meager money upstairs to find little... Continue reading at The Bookseller
[ The Bookseller | 2015-07-21 00:00:00 UTC ]
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Educational Development Corp. added 1,862 home sale reps in the first quarter, helping to drive a 59% jump in sales in the home business division. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-07-20 00:00:00 UTC ]
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A scheme involving the White House, libraries and publishers will let children from cash-strapped families read free ebooksWhile the UK quibbles over library ebook lending, American publishers are teaming up with charities and libraries to give away thousands of ebooks to low-income students.... Continue reading at The Guardian
[ The Guardian | 2015-07-20 00:00:00 UTC ]
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