Scholastic Corp. is looking to sell all or part of its headquarters in the heart of SoHo’s cast-iron district.The book publishing giant said Monday it hired commercial broker Newmark Group to seek out parties interested in acquiring some or all of the adjoining buildings at 555-557 Broadway, then leasing space back to the publisher of Harry Potter and Clifford the Big Red Dog. The company said sale proceeds would support “capital allocation priorities,” including debt reduction and share repurchases. Scholastic’s plan to lighten its real estate load is part of a broader streamlining plan. Revenue at the publishing house with 5,000 U.S.-based employees decreased last year by 7%, to $1.6 billion, while operating income sank by 85%, to $15 million. The company said Monday that new leadership has been appointed in its children’s publishing and education solutions groups with “clear mandates to refine strategies.” A spokeswoman for the publisher, Anne Sparkman, declined to comment on Monday’s announcement.Scholastic’s share price jumped by 10% on today’s news, to $21 a share. It has lost more than half its value since longtime CEO Dick Robinson passed away four years ago at age 84. Robinson declined to pass control onto his two adult sons and instead bequeathed his shares to Iole Luccese, an executive who was his long “longtime romantic partner,” the Wall Street Journal reported. Scholastic leases 10 of the 12 floors at 555-557 Broadway, or about 300,000 square feet. The... Continue reading at 'Crains New York'
[ Crains New York | 2025-06-23 19:34:33 UTC ]
Scholastic Corp. is looking to sell all or part of its headquarters in the heart of SoHo’s cast-iron district.The book publishing giant said Monday it hired commercial broker Newmark Group to seek out parties interested in acquiring some or all of the adjoining buildings at 555-557 Broadway,... Continue reading at Crains New York
[ Crains New York | 2025-06-23 19:34:33 UTC ]
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The Christian publishing house will debut Haven in spring 2026 with six romance titles. The imprint targets readers who seek what Baker president and CEO Jesse Myers called “uplifting, wholesome fiction without faith content.” Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-06-11 04:00:00 UTC ]
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He is the first star of the original movie series to appear in the spin-off stage show. Continue reading at BBC World
[ BBC World | 2025-06-05 14:29:57 UTC ]
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A campaigner removed stitching on an artwork which covered the Harry Potter author's name. Continue reading at BBC World
[ BBC World | 2025-06-04 11:11:17 UTC ]
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Dozens of child actors will feature in HBO’s new Harry Potter series, all of them needing on-set tuition to be conjured up between scenesHarry Potter may have been overjoyed at going to Hogwarts school of witchcraft and wizardry, but the children playing Harry, Ron and Hermione in the... Continue reading at The Guardian
[ The Guardian | 2025-05-31 11:00:44 UTC ]
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More than 30,000 children applied - what was the process like, and what lies in store for the chosen few? Continue reading at BBC World
[ BBC World | 2025-05-31 05:59:57 UTC ]
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Over the last six months, the book publishing arm of the Walt Disney Co. has undergone dramatic changes. And given the scope of the $91 billion conglomerate’s business interests, many industry insiders are wondering what, exactly, its plan is for books. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-05-29 04:00:00 UTC ]
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A day after Ellie Berger announced plans to step down as president of Scholastic Trade Publishing, the publisher has announced the integration of its trade publishing, book fairs, and books clubs businesses into the Scholastic Children’s Book Group under Sasha Quinton as president and Jackie De... Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-05-29 04:00:00 UTC ]
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A romantasy novel was published with an AI prompt, LGBTQ+ history tours replace an Edinburgh Harry Potter tour, and more. Continue reading at Book Riot
[ Book Riot | 2025-05-28 16:00:00 UTC ]
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Dominic McLaughlin, Arabella Stanton and Alastair Stout will head to Hogwarts School of Witchcraft and Wizardry in the next adaption of the smash-hit series. Continue reading at The Washington Post
[ The Washington Post | 2025-05-28 07:38:55 UTC ]
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Berger has been with Scholastic since 1985 and headed the trade group since 2007. She was involved in publishing some of the industry’s bestselling franchises including Harry Potter, The Hunger Games, and Dav Pilkey’s Dog Man and Cat Kid Comic Club series. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-05-28 04:00:00 UTC ]
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Newcomers will be playing the three leads, joining John Lithgow, Paapa Essiedu and Janet McTeerAfter an extensive search, the actors set to play the new leads of the Harry Potter TV series have been found.The open casting call for British children ages 9 to 11 led HBO to the three leads of its... Continue reading at The Guardian
[ The Guardian | 2025-05-27 17:25:22 UTC ]
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An open casting call for the roles was announced last year and more than 30,000 children auditioned. Continue reading at BBC World
[ BBC World | 2025-05-27 16:20:01 UTC ]
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Not just any partnership works for WBD's Storyverse upfront offering, ad leaders explain. Continue reading at AdWeek
[ AdWeek | 2025-05-19 12:09:12 UTC ]
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Ahead of the author’s much anticipated memoir, we count down the best of her books – from climate dystopias to her world-conquering handmaidsAfter more than 30 years, Atwood caved to pleas to write a sequel to The Handmaid’s Tale. Not since Harry Potter had a publication caused such a sensation:... Continue reading at The Guardian
[ The Guardian | 2025-05-19 11:01:02 UTC ]
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Edinburgh-based company to replace Harry Potter tours with LGBTQ history walks, creating a fantasy league for new books, and more. Continue reading at Book Riot
[ Book Riot | 2025-05-14 15:00:00 UTC ]
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Virginia Woolf’s Mrs. Dalloway was published on May 14, 1925 by Hogarth Press, the publishing house Woolf ran with her husband, Leonard Woolf. The original cover was created by Woolf’s sister Vanessa Bell, who would design a total 0f 38 books for the press. Famously, Bell’s designs were... Continue reading at Literrary Hub
[ Literrary Hub | 2025-05-14 08:59:26 UTC ]
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Author claims she neither wishes to, nor is capable of preventing the actor from playing Severus Snape in the upcoming HBO adaptation, following his signing of an open letterJK Rowling has said she will not fire actor Paapa Essiedu from the forthcoming Harry Potter TV series over his support for... Continue reading at The Guardian
[ The Guardian | 2025-05-06 14:51:30 UTC ]
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