Scholastic Aims to Improve Profits

Scholastic has started Scholastic 2020, a companywide initiative to reduce operating costs and expand revenue opportunities. Continue reading at 'Publishers Weekly'

[ Publishers Weekly | 2017-07-21 00:00:00 UTC ]
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Scholastic Offers Option to Exclude Diverse Books from Book Fairs

Scholastic has separated out LGBTQ books and BIPOC books into an optional add-on box in a policy some are calling a "bigot button." Continue reading at Book Riot

[ Book Riot | 2023-10-16 14:39:10 UTC ]
More news stories like this | News stories tagged with: #book fairs #lgbtq books #bipoc books #scholastic


Lower Trade Sales, Book Club Reorg Dent Scholastic Results

Lower trade book sales and costs associated with the creation of its new School Reading Events business resulted in an operating loss in the quarter at Scholastic. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-09-24 04:00:00 UTC ]
More news stories like this | News stories tagged with: #operating loss #trade book #scholastic #book club


New Religion Books for Kids Aim to Start Big Conversations

Forthcoming titles from religion and spirituality publishers aim to get families talking about right-to-life messaging, sex trafficking, climate change, houselessness, gender roles, and more. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-09-22 04:00:00 UTC ]
More news stories like this | News stories tagged with: #religion books #forthcoming titles #sex trafficking #climate change #gender roles


Vice Media Group’s Cory Haik says company’s publishing business is ‘very close to profitability’

During the Digiday Publishing Summit, the COO of VMG’s news and entertainment arm explained how its publishing business plans to bounce back over the next 12 to 18 months. Continue reading at Digiday

[ Digiday | 2023-09-20 04:01:00 UTC ]
More news stories like this | News stories tagged with: #bounce back #publishing business


New S&S Program, Books Belong, Takes Aim at Book Bans

Simon & Schuster is introducing a new "multi-platform education and resources program" during this year's Banned Books Week, as part of an effort to expand the publisher's response to the book bans and challenges. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-09-20 04:00:00 UTC ]
More news stories like this | News stories tagged with: #books belong #takes aim #book bans #simon schuster


Print Book Sales Improved Last Week, But Still Fell 4%

Unit sales for print books had their best weekly performance since mid-June, in part thanks to Stephen King, but still fell 4% from a year ago. Once again, sales were down in all categories. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-09-14 04:00:00 UTC ]
More news stories like this | News stories tagged with: #print books #stephen king


Costs Cut into Profits at Big Publishers

In the first half of 2023, publishers struggled to keep expenses down, with multiple companies citing higher costs as the major reason margins shrank in the first six months of 2023. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-09-01 04:00:00 UTC ]
More news stories like this | News stories tagged with: #big publishers #publishers struggled


After Six Turbulent Months, Penguin Random House Profits Increase Slightly

Despite a tumultuous first half of 2023 that included major buyouts and some layoffs, sales at Penguin Random House rose 9.5% in the first six months of 2023 over the comparable period in 2022. Operating earnings increased slightly, by €1 million. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-08-30 04:00:00 UTC ]
More news stories like this | News stories tagged with: #penguin random house


Leadership Changes at Scholastic

Scholastic has announced a series of executive changes that will result in a new chief financial officer, president of its international group, and head of its education division. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-08-16 04:00:00 UTC ]
More news stories like this | News stories tagged with: #international group #education division #scholastic


Murray Looks for Improvement after a Difficult Fiscal 2023 For HC

Sales at HarperCollins fell 10% and earnings tumbled 45% in the fiscal year ended June 30, 2023. CEO Brian Murray acknowledged that 2023 was challenging, but said most of the factors that led to the declines have eased and he expects a better fiscal 2024. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-08-11 04:00:00 UTC ]
More news stories like this | News stories tagged with: #harpercollins


News Corp profits dive 75% as Rupert Murdoch-owned company hints at AI future

Poor result weighed down by lower print and digital advertising at News Corp Australia, a division that includes flagship newspaper The AustralianRupert Murdoch’s News Corporation has recorded a steep 75% drop in full-year profit but sees opportunities ahead as it expands the use of cost-saving... Continue reading at The Guardian

[ The Guardian | 2023-08-11 00:14:07 UTC ]
More news stories like this | News stories tagged with: #digital advertising #news corporation #book publishers #net profit #financial year #news corp


Amazon Has Improved Second Quarter

Total Amazon sales rose 11% in the second quarter, with the company returning to profitability. Online sales lagged, increasing 4%. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-08-04 04:00:00 UTC ]
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Book Fairs Boost Scholastic Results in Fiscal 2023

In a week filled with bad book business news and a down year for the children's book market, Scholastic nonetheless delivered a generally upbeat financial report for its latest fiscal year—thanks in no small part to the company's booming book fair business. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-07-20 04:00:00 UTC ]
More news stories like this | News stories tagged with: #book market #small part #book fair #children's book #book business #scholastic


Print Book Sales Improve, Falling Only 1.6% Last Week

A flat sales performance by the adult category and smaller declines in the children’s segments than has been typical in recent weeks resulted in a smaller decline in total unit sales of print books last week. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-07-13 04:00:00 UTC ]
More news stories like this | News stories tagged with: #adult category #print books


USA Today is bringing back its bestseller list—with some improvements.

As most people reading this website are aware, the literary media has been in steady decline for the last two decades. So in December 2022, when USA Today announced it was putting its bestseller list “on hiatus”—internet parlance for “dead and gone forever”—most of us saw it as one more nail in... Continue reading at Literrary Hub

[ Literrary Hub | 2023-06-28 14:05:30 UTC ]
More news stories like this | News stories tagged with: #usa today #bringing back #bestseller list— #people reading #steady decline #bestseller list


Queer Indie Bookstore Splits Profits with LGBTQ Authors

A new queer indie bookstore is splitting profits with LGBTQ authors and spreading queer joy and literacy with a rainbow book bus. Continue reading at Book Riot

[ Book Riot | 2023-06-20 10:40:00 UTC ]
More news stories like this | News stories tagged with: #lgbtq authors #bookstore


Financial Results Show Some Improvement at HarperCollins

After falling 12% in the six-month period ended December 31, 2022, sales steadied at $515 million at HarperCollins in the quarter ended March 31, 2023, though earnings fell again, dropping 9%. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-05-12 04:00:00 UTC ]
More news stories like this | News stories tagged with: #earnings fell #harpercollins


Scholastic recognizes 100 years of teen writing.

What do Amanda Gorman, Truman Capote, John Updike, and Joyce Carol Oates have in common? Each won a Scholastic Art & Writing Award as a teen. The Scholastic Art & Writing Awards began in 1923 and continue to support young writers thanks to The Alliance for Young Artists & Writers.... Continue reading at Literrary Hub

[ Literrary Hub | 2023-05-08 12:47:48 UTC ]
More news stories like this | News stories tagged with: #amanda gorman #truman capote #john updike #scholastic


Not for Profit: Spotlight on Judith Van Ginkel

In Chasing Success, the author leverages a wealth of experience to offer lessons and best practices for nonprofit leaders, funders, policymakers, and students. (Sponsored) Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-05-06 04:00:00 UTC ]
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Author Aims to Glorify God One Hat At a Time

La Verne Wimberly, whose Sunday morning selfies in her fabulous hats went viral, is promoting the newly released 'My Sunday Best' during Easter season. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-04-06 04:00:00 UTC ]
More news stories like this | News stories tagged with: #author aims #newly released