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 ]
Bob Woodward, whose legendary reporting helped the Washington Post win two Pulitzer Prizes including one for uncovering the Watergate scandal, is set to publish a new book about the Trump administration on Sept. 11 titled Fear: Trump in the White House. The Washington Post and CNN obtained... Continue reading at Slate
[ Slate | 2018-09-05 00:00:00 UTC ]
More news stories like this
Simon & Schuster UK will publish Fear: Trump in the White House by Pulitzer Prize-winning journalist and author Bob Woodward. Continue reading at The Bookseller
[ The Bookseller | 2018-08-01 00:00:00 UTC ]
More news stories like this
Simon & Schuster UK will publish former presidential aide Omarosa Manigault Newman’s “jaw-dropping” exposé of the White House under Donald Trump, along with Gallery Books in the US. Unhinged: An Insider’s Account of the Trump White House is billed as a “stunning tell-all and takedown from... Continue reading at The Bookseller
[ The Bookseller | 2018-07-27 00:00:00 UTC ]
More news stories like this
Transworld is publishing a book suggesting Donald Trump was "successfully targeted" by Russian operatives affiliated with the Russian Mafia over a number of decades in order to implant a Russian asset in the White House. Continue reading at The Bookseller
[ The Bookseller | 2018-07-26 00:00:00 UTC ]
More news stories like this
No one can predict with certainty the direction of women's magazines, which have struggled to maintain print circulation as newsstand sales continue to fall. But if you're placing bets on a strategy that might help them flourish, look no further than Samantha Barry, the 36-year-old woman who is... Continue reading at Advertising Age
[ Advertising Age | 2018-07-23 00:00:00 UTC ]
More news stories like this
[caption id="attachment_127599" align="alignright" width="150"] Jonathan Moore[/caption] Bonnier Corp. has named Jonathan Moore as senior vice president, events, effective July 2. Moore joins the company from Family Media, where he served as president since 2016. Prior to that, Moore spent two... Continue reading at Folio Magazine
[ Folio Magazine | 2018-07-05 00:00:00 UTC ]
More news stories like this
The former president and the world's most prolific thriller writer conjure a suspenseful—but, they say, entirely possible—scenario in the White House. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-06-03 00:00:00 UTC ]
More news stories like this
Two political books have been big winners this year thanks to a certain someone in the White House. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-05-04 00:00:00 UTC ]
More news stories like this
In a stunning move, Tom Kerridge’s Lose Weight for Good (Absolute) has held on to the UK Official Top 50 number one spot, despite a robust challenge from the book that rocked the White House, Michael Wolff’s Fire and Fury (Little, Brown). Continue reading at The Bookseller
[ The Bookseller | 2018-01-17 00:00:00 UTC ]
More news stories like this
Booksellers hail strong sales for Donald Trump exposé, but Tom Kerridge’s diet book sets the most British tills ringingAlmost 60,000 print copies of Michael Wolff’s Donald Trump exposé Fire and Fury were sold in the UK last week, but the British public’s New Year’s resolutions meant the... Continue reading at The Guardian
[ The Guardian | 2018-01-16 00:00:00 UTC ]
More news stories like this
Barack Obama published a Facebook post calling the White house out on its decision to rescind the Deferred Actions for Childhood Arrivals (DACA) Act. “To target these young people is wrong–because they have done nothing wrong,” Obama writes. “It is self-defeating–because they want to start new... Continue reading at Fast Company
[ Fast Company | 2017-09-05 00:00:00 UTC ]
More news stories like this
To discuss the insane spectacle we just witnessed in the Senate and the future of Obamacare, I spoke by phone with Ezekiel J. Emanuel, an oncologist and bioethicist who worked for the Obama administration and helped craft the Affordable Care Act. He is now chairman of the Department of Medical... Continue reading at Slate
[ Slate | 2017-07-29 00:00:00 UTC ]
More news stories like this
The NEA has issued 1,195 new grants, totaling $84.06 million, to arts organizations across the country. The awards come as the organization faces the prospect of being eliminated under the White House's proposed budget. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-06-21 00:00:00 UTC ]
More news stories like this
This year's politically-charged AWP conference concluded Saturday evening with a candlelight vigil outside the White House and strong sales reported from the book fair floor. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-02-12 00:00:00 UTC ]
More news stories like this
Retailers blame the presidential campaign and postelection anxiety for the year ending on a flat note, but some categories are growing in the book trade and in the comics shop market. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-02-10 00:00:00 UTC ]
More news stories like this
Colson Whitehead's The Underground Railroad (Little, Brown), Liu Cixin's apocalyptic sci-fi epic The Three-Body Problem (Head of Zeus) and V S Naipaul's A Bend in the River (Picador) are some of the novels which helped Barack Obama during his time in the White House, he has said. Continue reading at The Bookseller
[ The Bookseller | 2017-01-18 00:00:00 UTC ]
More news stories like this
Industry push for titles responding to this year’s shocking votes in the US and UK prompts raft of comedies and sober analysesPublishers are rushing out a raft of titles to meet demand among readers traumatised by the election of Donald Trump and the aftermath of the Brexit referendum. Titles... Continue reading at The Guardian
[ The Guardian | 2016-12-09 00:00:00 UTC ]
More news stories like this
Members of the US book trade have urged the industry to remember the powerful role books play in promoting unity and understanding in the wake of the US election result which saw Republican candidate Donald Trump beat Democrat Hillary Clinton to take the White House as US president elect. Continue reading at The Bookseller
[ The Bookseller | 2016-11-11 00:00:00 UTC ]
More news stories like this
The book trade has reacted with “dismay”, “horror” and “frustration” to this morning’s shock news that Republican candidate Donald Trump has beaten Democrat Hillary Clinton to take the White House as US president elect. Continue reading at The Bookseller
[ The Bookseller | 2016-11-10 00:00:00 UTC ]
More news stories like this
President Obama on the South Lawn of the White House in July. He could earn as much as $30 million with a two- or three-book contract once his second term ends, said Raphael Sagalyn of the ICM/Sagalyn Literary Agency. Continue reading at The New York Times
[ The New York Times | 2016-09-05 00:00:00 UTC ]
More news stories like this