Restructuring, Covid-19 Leads to Huge HMH Loss

Restructuring charges and the global pandemic took a toll on Houghton Mifflin Harcourt in 2020, as the company reported a 25.8% decline in revenue in the year and a net loss of $480 million, compared to a loss of $213.8 million in 2019. HMH's trade division, which is for sale, had a 6% sales gain. Continue reading at 'Publishers Weekly'

[ Publishers Weekly | 2021-02-25 05:00:00 UTC ]
News tagged with: #restructuring charges #net loss #global pandemic #company reported #8% decline #trade division #houghton mifflin harcourt

Other Publishing stories related to: 'Restructuring, Covid-19 Leads to Huge HMH Loss'


CUP scores slim revenue rise despite Covid-19 hit

Cambridge University Press saw sales at £336m in the year to end April 2020, a rise of 2.8% (2% at constant currency). However operating profits fell 3.3% to £23.6m, compared to £24.4m in 2019. CUP said it had seen "strong" growth during the first 11 months of the year, before disruption to... Continue reading at The Bookseller

[ The Bookseller | 2020-07-30 15:46:19 UTC ]
More news stories like this | News stories tagged with: #financial year #covid-19 hit #constant currency #cambridge university press


French book trade recovering from Covid-19 lockdown

The French book trade is picking up from its two months of Covid-19 lockdown much better than expected. Continue reading at The Bookseller

[ The Bookseller | 2020-07-29 11:42:21 UTC ]
More news stories like this | News stories tagged with: #covid-19 lockdown #book trade


Ignore, focus or avoid? How authors are tackling COVID-19

Many of us enjoy getting lost in historical novels, often set in periods of history when great change was taking place. Contemporary fiction is usually less rooted in a specific time – often focusing on the miniate of human existence or the fallout from smaller, personal events. Continue reading at The Bookseller

[ The Bookseller | 2020-07-28 18:42:52 UTC ]
More news stories like this | News stories tagged with: #historical novels #taking place #contemporary fiction


Record Preorders for Massive Lead Title at Akashic

This summer, Akashic Books is placing its faith in a 1,000+ page book about Robert Moses not called 'The Power Broker.' And if preorders of Arthur Nerserian's 'The Five Books of (Robert) Moses' are any indication, that faith is well-placed. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-07-27 04:00:00 UTC ]
More news stories like this | News stories tagged with: #akashic books #power broker


Pandemic losses hit Scholastic despite good trade sales

Scholastic has reported a 10% revenue drop for the fiscal year to end May 2020, to $1.49bn, with an overall loss of $88.5m, after Covid-19 battered its fourth quarter. Continue reading at The Bookseller

[ The Bookseller | 2020-07-24 06:25:19 UTC ]
More news stories like this | News stories tagged with: #fiscal year #fourth quarter #scholastic


Little, Brown acquires Clarke's Covid memoir

Little, Brown has acquired "an unflinching insider’s account of medicine in the time of coronavirus" from palliative care doctor Dr Rachel Clarke. Continue reading at The Bookseller

[ The Bookseller | 2020-07-22 10:28:16 UTC ]
More news stories like this | News stories tagged with: #covid memoir


PA salutes 2019 as UK publishing's 'best year ever', but calls for Covid support

The Publishing Association has released its latest Yearbook statistics, showing growth in both the industry's print and digital revenues, making 2019 in its estimation “the biggest year ever for UK publishing”.  Continue reading at The Bookseller

[ The Bookseller | 2020-07-21 05:50:22 UTC ]
More news stories like this | News stories tagged with: #biggest year #uk publishing #showing growth #digital revenues #publishing association


Toronto's Pearson airport cuts 1/4 of staff due to reduced travel demand amid COVID-19 pandemic

The biggest airport in Canada is eliminating 500 jobs because of the dramatic reduction in demand for air travel due to COVID-19. Continue reading at CBC

[ CBC | 2020-07-14 14:02:27 UTC ]
More news stories like this | News stories tagged with: #dramatic reduction #pearson


A Sudden Tragedy Leads to Unsinkable Family Secrets

Set in Atlantic City in the 1930s, Rachel Beanland’s debut novel wades through heartbreak. Continue reading at The New York Times

[ The New York Times | 2020-07-07 09:00:11 UTC ]
More news stories like this | News stories tagged with: #atlantic city #debut novel


BESA director praises education publishers' response to Covid-19

Caroline Wright has praised the education publishing sector for "adapting since day one" to support schools and students learning from home during the coronavirus lockdown.  Continue reading at The Bookseller

[ The Bookseller | 2020-07-01 20:05:40 UTC ]
More news stories like this | News stories tagged with: #coronavirus lockdown


Here’s what Bill Gates is reading and binging during the COVID-19 pandemic

After months of reading only coronavirus-related research, Gates is back to enjoying a good book and binging a good show every now and then. Yesterday Microsoft founder and philanthropist Bill Gates sat down with Fast Company’s editor-in-chief Stephanie Mehta to talk about a range of topics... Continue reading at Fast Company

[ Fast Company | 2020-07-01 07:10:17 UTC ]
More news stories like this | News stories tagged with: #bill gates #covid-19 pandemic #fast company #good book


Booksellers in Covid-19 Hotspots Exercise Caution

Booksellers in Arizona, Florida, and Texas are concerned about the surge in Covid-19 infections, and several have reverted from welcoming customers to browse back to curbside pickup. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-07-01 04:00:00 UTC ]
More news stories like this | News stories tagged with: #curbside pickup


Successfully Navigating a Publishing World Consumed by COVID-19

Today’s publishers are working to survive in a new reality where media consumption is up, but revenues are down. Let’s examine three ways publishers can thrive — not just survive — and prepare for success in the next normal. Continue reading at Publishing Executive

[ Publishing Executive | 2020-06-30 20:16:23 UTC ]
More news stories like this | News stories tagged with: #ways publishers #media consumption #publishing world


Michael Winterbottom to bring Boris Johnson's handling of Covid-19 to TV

‘There are rare moments in history when leaders find their private lives uniquely connected to national events’ say producersCoronavirus – latest updatesSee all our coronavirus coverageMichael Winterbottom is set to bring Boris Johnson’s handling of the Covid-19 pandemic to television. The... Continue reading at The Guardian

[ The Guardian | 2020-06-26 13:30:13 UTC ]
More news stories like this | News stories tagged with: #covid-19 pandemic #latest updatessee #steve coogan #anthology


Small Presses Cope During Covid-19, Part II

Just like the companies in the New York City and Minneapolis publishing hubs, independent presses in other parts of the country said that sales are starting to rebound after two months of declines, a 'PW' survey has found. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-06-26 04:00:00 UTC ]
More news stories like this | News stories tagged with: #part ii #independent presses


Northern Focus charts: Zymurgy quiz title leads the way

A stalwart quiz book from 2008 was the bestselling Northern-issued title last year, beating off some prize-fighting fiction books Continue reading at The Bookseller

[ The Bookseller | 2020-06-25 18:03:17 UTC ]
More news stories like this |


Bauer to Close Magazine Titles ‘Unlikely to be Sustainable’ After Covid-19

Magazine publisher Bauer is closing a number of titles as part of a review to “protect the long-term health” the Continue reading at Editor & Publisher

[ Editor & Publisher | 2020-06-24 17:01:33 UTC ]
More news stories like this | News stories tagged with: #long-term health #magazine publisher


Ahead of Postponed NewFronts, Industry Leaders Talk Virtual Format, Adapting to Covid-19

Just four months ago, the Interactive Advertising Bureau heralded an overhaul of its annual Digital Content NewFronts slate, which it was calling the "new NewFronts." But the IAB had no idea just how "new" this year's event would become. In mid-March, Covid-19 shut down the industry, and the... Continue reading at AdWeek

[ AdWeek | 2020-06-22 00:00:40 UTC ]
More news stories like this | News stories tagged with: #covid-19 shut #annual event #months ago #digital content


NewFronts 2020 will be overshadowed by COVID-19 and social unrest

The coronavirus and Black Lives Matter will be the elephants in the virtual room when digital publishers make their pitch to advertisers during the NewFronts next week. Continue reading at Advertising Age

[ Advertising Age | 2020-06-19 09:00:00 UTC ]
More news stories like this | News stories tagged with: #social unrest #digital publishers


Indie Publishers Cope with Covid

A survey 'PW' conducted with indies found no plan for immediate return to offices and a trend of strong backlist sales. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-06-19 04:00:00 UTC ]
More news stories like this |