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'

Pan Mac announces pay reductions and distribution staff furloughed as sales drop over Covid-19

Higher paid staff at Pan Macmillan have been asked to volunteer for a pay reduction and employees at its distribution arm will be furloughed as the publisher unveiled measures to help “safeguard” its business during the Covid-19 pandemic. Continue reading at The Bookseller

[ The Bookseller | 2020-04-03 10:15:37 UTC ]
More news stories like this | News stories tagged with: #covid-19 pandemic #sales drop #distribution arm #pan macmillan

L,B's Bridge Street to publish 'first authoritative book on Covid-19'

Little, Brown imprint The Bridge Street Press is publishing a book on Covid-19 from Debora MacKenzie, a New Scientist journalist covering the pandemic. Continue reading at The Bookseller

[ The Bookseller | 2020-04-03 04:36:56 UTC ]
More news stories like this | News stories tagged with: #bridge street #brown imprint

Book Publication Date Changes Due to Covid-19 Pandemic

As part of our ongoing Covid-19 coverage, 'PW' is tracking book publication dates that are changing as a result of the pandemic. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-03 04:00:00 UTC ]
More news stories like this | News stories tagged with: #covid-19 pandemic

Seven Dials lands Vinnie Jones' memoir of love and loss

Seven Dials has won world rights at auction to Lost Without You, a book from the footballer turned actor Vinnie Jones about coping with the loss of his wife, Tanya, after her six-year battle with cancer. Continue reading at The Bookseller

[ The Bookseller | 2020-04-02 12:09:30 UTC ]
More news stories like this | News stories tagged with: #world rights #memoir

Buddhist Pubs Find New Ways to Cope with Covid-19

Publishers of books on Buddhism are focusing on digital products, compiling reading lists, promoting online author events, and more in response to the global Covid-19 pandemic and rapid changes in the marketplace. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-02 04:00:00 UTC ]
More news stories like this | News stories tagged with: #digital products

James Patterson Leads Group Seeking to Raise Millions for Bookstores

Author James Patterson is spearheading a group that includes Reese Witherspoon, Reese’s Book Club, the Book Industry Charitable Foundation, and the American Booksellers Association in an effort to raise millions of dollars to help save independent bookstores. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-02 04:00:00 UTC ]
More news stories like this | News stories tagged with: #book club #american booksellers association #book industry

Resources for Freelance Journalists During the COVID-19 Pandemic

As the fallout from the ongoing COVID-19 pandemic forces publishers to reevaluate their economic outlooks and, in many cases, restrict their budgets, freelance journalists across the country are suffering from lost commissions, reduced rates and delayed payments, often without financial safety... Continue reading at Folio Magazine

[ Folio Magazine | 2020-04-01 20:57:42 UTC ]
More news stories like this | News stories tagged with: #job openings #lessons learned

Ingram ramps up Covid-19 hygiene measures to stay open

Ingram says it has ramped up its cleaning routines to remain open for business during the Covid-19 pandemic, and has seen a rise in use of its print-on-demand programme. Continue reading at The Bookseller

[ The Bookseller | 2020-04-01 17:19:09 UTC ]
More news stories like this | News stories tagged with: #stay open #remain open #covid-19 pandemic

Internet Archive accused of using Covid-19 as 'an excuse for piracy'

The ‘National Emergency Library’ has made 1.4m ebooks freely available, many by current bestsellers, and sparked outrage from writers’ organisationsThe Internet Archive has launched a “National Emergency Library”, making 1.4m books available free online – but has been accused of “hitting authors... Continue reading at The Guardian

[ The Guardian | 2020-03-30 17:13:20 UTC ]
More news stories like this | News stories tagged with: #current bestsellers #free online #public domain #ebooks

4 Shout-Outs to Publishers Doing Their Part During the COVID-19 Outbreak

Publishing companies are scrambling quickly to figure out how to generate more revenue, as the COVID-19 outbreak is putting intense pressure on their top line. But there are also publishers who recognize that now is an opportunity to give back and help their community get through this difficult... Continue reading at Folio Magazine

[ Folio Magazine | 2020-03-27 14:42:55 UTC ]
More news stories like this | News stories tagged with: #entertainment magazine #stay connected #key focus #federal government #path forward #digital media

UK national newspaper sales plummet under Covid-19 lockdown

Fears for jobs as print sales drop by as much as 30% after thousands of newsagents closeCoronavirus – latest updates See all our coronavirus coverageNational print newspaper sales have fallen by as much as 30% since the start of the government-ordered coronavirus lockdown, according to industry... Continue reading at The Guardian

[ The Guardian | 2020-03-27 14:04:29 UTC ]
More news stories like this | News stories tagged with: #covid-19 lockdown #latest updates #local newspapers #print sales

Is the Covid-19 Crisis a Watershed Moment for Library E-books?

Why the rapid shift to digital library services necessitated by the Covid-19 crisis could help chart a new, more productive course for the digital library market long term. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-03-27 04:00:00 UTC ]
More news stories like this | News stories tagged with: #covid-19 crisis #watershed moment #library e-books

Care Packages Help Bookstores Amid Covid-19 Closures

Two West Coast booksellers have found success with custom care packages during Covid-19 closures, shipping books, gifts, and cards to customers. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-03-27 04:00:00 UTC ]
More news stories like this | News stories tagged with: #found success

BookExodus: More Big Five Withdrawals, and BISG Opens a COVID-19 Survey

BISG surveys the impact on publishing of the COVID-19 emergency, and Hachette, Simon & Schuster, and HarperCollins withdraw from BookExpo. The post BookExodus: More Big Five Withdrawals, and BISG Opens a COVID-19 Survey appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2020-03-26 14:30:42 UTC ]
More news stories like this | News stories tagged with: #covid-19 emergency #simon schuster #harpercollins

It Hasn’t Taken Long for COVID-19 to Wreak Havoc on Publishing

A lot has happened since I wrote to you last week about the rapid spread of COVID-19, its impact on all of us in publishing and our continued commitment to serve you. As I stated then, Folio: will keep our promise to seek out positive stories on how our community can get through this... Continue reading at Folio Magazine

[ Folio Magazine | 2020-03-26 13:00:37 UTC ]
More news stories like this | News stories tagged with: #rarely deliver #month ago #biggest threat #human capital #invisible hand #publishing industry

Bookseller Covid-19 crowdfunder backed by PRH and BA

A crowdfunder set up by the trade to raise money for booksellers affected by the Covid-19 pandemic has increased its target to £100,000 after Penguin Random House and the Booksellers Association pledged support. Continue reading at The Bookseller

[ The Bookseller | 2020-03-25 19:31:47 UTC ]
More news stories like this | News stories tagged with: #raise money #booksellers affected #covid-19 pandemic #booksellers association #penguin random house

Paraclete Postpones Two Books Amid Covid-19 Disruptions

Paraclete Press announced that it is delaying the publication of two titles originally slated for release May and early June due to the new coronavirus outbreak and “a mostly disrupted book market at every level,” the publisher said. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-03-25 04:00:00 UTC ]
More news stories like this | News stories tagged with: #coronavirus outbreak #book market

Bookspeed closes to protect workers and stop spread of Covid-19

Edinburgh-based wholsesaler Bookspeed has closed its business during the coronavirus pandemic, saying it is unable to protect its warehouse workers with social distancing measures. Continue reading at The Bookseller

[ The Bookseller | 2020-03-24 05:06:40 UTC ]
More news stories like this | News stories tagged with: #protect workers #coronavirus pandemic

How Christian Publishers, Retailers Are Responding to Covid-19

Christian publishers and retailers are faced with challenges amid the novel coronavirus, Covid-19 outbreak, but are finding ways to cope. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-03-24 04:00:00 UTC ]
More news stories like this | News stories tagged with: #covid-19 outbreak #christian publishers #finding ways