Children's book publisher Scholastic Corp. slashed its 2013 profit guidance and said revenue will be $1 billion lower than expected because schools are spending money on curriculum and holding back on orders, fearing federal spending cuts. Shares fell $6.34, or 20%, to $25.50 in light after-hours trading. The company also said sales are lower than expected for The Hunger Games trilogy as well as in its book club business. And Hurricane Sandy hurt business in its School Book Fair and School Book club businesses in the Northeast. Scholastic now expects to earn $1.40 to $1.60 per share for the year ending May 31, down from its prior forecast of $2.20 to $2.40 per share. It expects revenue of $1.8 billion to $1.9 billion, down from an earlier outlook for $1.9 billion to $2 billion. Scholastic cited two top reasons for the shortfall. One is that schools are spending money on training to get ready for Common Core, a set of uniform benchmarks for math and reading. That's leaving less money for spending that would go to its profitable educational technology products. Scholastic also said schools are delaying spending decisions "due to continued uncertainty regarding the federal budget." A series of automatic spending cuts and tax increases are set to take effect at the beginning of 2013 unless Congress and the White House can make a deal to avert them. Scholastic plans to announce fiscal second-quarter results in mid-December. Continue reading at 'Crains New York'
[ Crains New York | 2012-11-21 00:00:00 UTC ]
Donald Trump is coming back to the White House, but don't expect another “Fire and Fury,” or much fire and fury in book publishing in general Continue reading at ABC News
[ ABC News | 2024-11-26 14:46:31 UTC ]
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Gov. Kathy Hochul is looking to revive congestion pricing with reduced tolls before President-elect Donald Trump has a chance to kill the program, albeit with a lower charge that likely would diminish the plan’s impact on easing Manhattan traffic.The governor is in talks with federal transit... Continue reading at Crains New York
[ Crains New York | 2024-11-13 11:03:11 UTC ]
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Former first lady, who has been mostly absent as her husband campaigns, has never told her own story at length beforeThe former first lady Melania Trump has a memoir coming out this fall, Melania, billed by her office as “a powerful and inspiring story of a woman who has carved her own path,... Continue reading at The Guardian
[ The Guardian | 2024-07-26 13:42:09 UTC ]
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Promising an inside view of the White House, the book actually exposes Kushner's mind-set and values. Continue reading at The Washington Post
[ The Washington Post | 2022-08-26 10:00:57 UTC ]
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This year, 'The White House: An Historic Guide,' coedited by first lady Jacqueline Kennedy, celebrates its 60th year in print and, with it, the WHHA’s 60th year in publishing. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-04-29 04:00:00 UTC ]
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In his memoir, Dwight Chapin still looks sympathetically on his mentor and his years in the White House. Continue reading at The Washington Post
[ The Washington Post | 2022-02-18 13:00:38 UTC ]
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Yesterday, during the women’s gymnastics team final at the Olympic Games in Tokyo, Simone Biles, of the USA, lost her bearings while performing a vault, and stumbled as she landed. Soon after, she left the venue, accompanied by a medical official; when she returned, it was only to watch her... Continue reading at Columbia Journalism Review
[ Columbia Journalism Review | 2021-07-28 12:41:18 UTC ]
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ALA President Julius C. Jefferson Jr. said that not including libraries in the administration’s plan would be a “missed opportunity” and urged librarians to contact the White House. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-04-02 04:00:00 UTC ]
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Presidents typically continue to receive intelligence briefings after they leave office, but some officials say that’s not a good idea in Trump’s case. It’s hard to transition from one day knowing the world’s intelligence secrets to the next day being all alone in America, pocketing $400,000... Continue reading at Fast Company
[ Fast Company | 2021-01-20 08:10:04 UTC ]
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Continuing on the Barack Obama’s Favorite Media end-of-year march, the former President has released a 20-song playlist to accompany his memoir A Promised Land, composed of songs that recall memories of his time on the campaign trail and in the White House. There’s some Beyonce, some John... Continue reading at Literrary Hub
[ Literrary Hub | 2020-12-21 17:24:57 UTC ]
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For a while, Melania Trump has teased that she might write a book after the Trump family exits the White House. I, like many, had mixed feelings. On one hand, it’d be interesting to see the Trump administration from the point of the view of the famously sullen First Lady; but on the other hand,... Continue reading at Literrary Hub
[ Literrary Hub | 2020-12-10 18:18:04 UTC ]
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While books about the outgoing US president have been bestsellers for the last four years, Trump might be a step too far for some publishersFact-checkers are quaking in their boots amid reports that Donald Trump could be being “courted for a new tome on his time in the White House”. The... Continue reading at The Guardian
[ The Guardian | 2020-11-11 14:24:45 UTC ]
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At the end of a tumultuous year for the American book trade, with shake-ups at a number of big houses and organisations, comes a pivotal race to the White House. Continue reading at The Bookseller
[ The Bookseller | 2020-10-29 19:53:36 UTC ]
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Wade through the vast library and a horrifying picture emerges: an ignorant, narcissistic, racist liar with a strange relationship with his daughter and senior adviserDonald Trump is not a reader but to the publishing industry he is the gift that keeps on giving. His time in the White House has... Continue reading at The Guardian
[ The Guardian | 2020-10-11 05:00:04 UTC ]
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Ex-National Security Council official claims she was pressured her to say manuscript contained sensitive information after her department had cleared itA former National Security Council official who while working there reviewed John Bolton’s memoir for classified information before publication,... Continue reading at The Guardian
[ The Guardian | 2020-09-24 15:10:36 UTC ]
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President Obama announced Thursday that his forthcoming memoir, 'A Promised Land,' will take readers inside his White House. Continue reading at Los Angeles Times
[ Los Angeles Times | 2020-09-17 15:24:24 UTC ]
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Review of ‘Lying in State: Why Presidents Lie -- and Why Trump Is Worse’ by Eric Alterman Continue reading at The Washington Post
[ The Washington Post | 2020-09-16 06:05:25 UTC ]
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With The End of White Politics, MSNBC political analyst Maxwell lays out what Democrats need to do to win the House, Senate, and White House. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-05-26 04:00:00 UTC ]
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The COVID-19 pandemic has meant sudden disruption for trade show and conference organizers, and its impacts are likely to persist long after the country reopens for business. Based on a survey of 164 executives, new data from the Center for Exhibition Industry Research sheds some light on how... Continue reading at Folio Magazine
[ Folio Magazine | 2020-04-30 04:58:00 UTC ]
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When Protocol, a new site focusing on technology coverage, launched in February, expectations were high. After all, the man behind the site—Robert Allbritton, who owns it through his holding company, Capital News—also helped create Politico, one of the most successful digital media companies of... Continue reading at Columbia Journalism Review
[ Columbia Journalism Review | 2020-04-23 11:45:31 UTC ]
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