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

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Book Deals: Week of July 19, 2021

S&S Books for Young Readers buys a middle grade series from Dan & Jason, Somali British poet Warsan Shire sells her debut collection to Random House, and more. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-07-16 04:00:00 UTC ]
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Grisham made SPCK group publishing director as two leave in restructure

SPCK Group has appointed Wendy Grisham to the newly created role of group publishing director, part of a wider restructure that sees a pair of promotions and two departures. Continue reading at The Bookseller

[ The Bookseller | 2021-07-09 06:44:57 UTC ]
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“The Leftovers” Is Teaching Me Who I Want to Be After Covid

I’ve been watching the Extremely Sad Show for Extremely Sad People for a few months now. I only learned this a few weeks ago, though.  At an editorial meeting for the literary magazine where I’m a columnist, someone said she was watching “the extremely sad show for extremely sad people.” Another... Continue reading at Electric Literature

[ Electric Literature | 2021-06-30 11:00:00 UTC ]
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Resilient Faith in the Face of Loss

'PW' talks with Amanda Kloots, author of 'Live Your Life,' about prayers, death, and miracles. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-06-22 04:00:00 UTC ]
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Saluting HMH, a Storied Trade Publisher

Gary Gentel, the former head of Houghton Mifflin Harcourt's trade division, remembers a proud and feisty house, now gone. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-06-18 04:00:00 UTC ]
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Fiction Leads Another Week of Sales Gains

Unit sales of print books rose 4.8% last week over the week ended June 12, 2020, as adult fiction sales rose 23%. 'The President's Daughter' by James Patterson and Bill Clinton was the week's top seller. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-06-17 04:00:00 UTC ]
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OUP to close Oxuniprint in August with loss of 20 jobs

Oxford University Press (OUP) is to close its subsidiary Oxuniprint in August with the loss of 20 jobs.  Continue reading at The Bookseller

[ The Bookseller | 2021-06-08 14:17:07 UTC ]
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Charisma Media Restructures Media and Publishing

On the company's 40th anniversary this month, CEO and founder Stephen Strang announced he has restructured the company to 'streamline' operations. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-06-08 04:00:00 UTC ]
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The 1923 novel ‘Nordenholt’s Million’ explores issues unnervingly familiar in the Trump-covid era

The book, written by a British chemist, imagines a wealthy tycoon’s disturbing plan to save (some) humans from a biological disaster. Continue reading at The Washington Post

[ The Washington Post | 2021-05-26 16:14:54 UTC ]
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Marie Claire owner reports record profits on back of Covid reading boom

Future’s share price soars as it says full-year results will be ‘materially ahead’ of expectationsCoronavirus – latest updatesSee all our coronavirus coverageFuture, the owner of magazines from Marie Claire to Metal Hammer and sites such as TechRadar and GoCompare, has reported record revenues... Continue reading at The Guardian

[ The Guardian | 2021-05-19 12:15:47 UTC ]
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The Book Closes on HMH Trade

As HarperCollins prepares to integrate Houghton Mifflin Harcourt's trade division, the group's name—and 150 years of trade publishing history—will fade away. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-05-14 04:00:00 UTC ]
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Pandemic Survey Finds NYC Writers, Lit Organizations Face Economic Loss

A new survey examining the impact of the pandemic on New York City’s literary community found that 75% of the city’s literary organizations reported some financial loss over the last year, with some organizations reporting losses as high as $100,000. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-05-12 04:00:00 UTC ]
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Jim Shepard’s ‘Phase Six’ makes covid look like a dress rehearsal

You can spot strains of Michael Crichton in these thoughtful pages like panther paws grafted onto a lab-created sheep. Continue reading at The Washington Post

[ The Washington Post | 2021-05-11 11:00:00 UTC ]
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More support needed as Covid-19 hits author earnings, say MPs

More targeted support is needed for the country’s “fragile creative and cultural sectors” beyond emergency funding, according to a new report into the impact of coronavirus on the UK’s authors and writers.  Continue reading at The Bookseller

[ The Bookseller | 2021-05-11 05:20:25 UTC ]
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Without Trade Unit, Q1 Results Stabilized at HMH

First quarter sales at learning technology company Houghton Mifflin Harcourt fell 3.7% compared to last year's first period, but its bottom line showed improvement. The trade group saw a 12% jump in sales, but those revenues are not included in HMH's official results. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-05-06 04:00:00 UTC ]
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Jeff Crosby Named to Lead ECPA

After a lifetime in Christian books — selling, distributing, and publishing — Jeff Crosby will take the reins at the Evangelical Christian Publishing Association on August 1. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-04-28 04:00:00 UTC ]
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A devastating COVID surge takes a fresh toll on Indian journalism

More than a year into the global pandemic, the coronavirus has exploded across India. The spread has been fueled, in part, by possible new variants and the recent holding of mass public events, including political rallies and religious celebrations; vaccination rates, meanwhile, remain low, even... Continue reading at Columbia Journalism Review

[ Columbia Journalism Review | 2021-04-27 12:34:53 UTC ]
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The UK’s Publishers Association 2020 Report: ‘In the Face of COVID’

Amid the challenges of the pandemic year 2020, the United Kingdom's overall publishing market rose 2 percent. The post The UK’s Publishers Association 2020 Report: ‘In the Face of COVID’ appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2021-04-26 23:05:27 UTC ]
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UK publishing income up 2% in Covid-hit 2020 despite print decline

Total publishing income hit record levels in 2020, rising 2% to £6.4bn, buoyed by a digital surge that helped offset a 6% decline in print sales, a report by the Publishers Association shows. Continue reading at The Bookseller

[ The Bookseller | 2021-04-26 10:50:38 UTC ]
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