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 ]
Princess Weekes joins to answer: Which fans have stuck by the series, and will others be able to resist the siren call of a brand new TV series? Continue reading at Slate
[ Slate | 2025-05-03 09:00:00 UTC ]
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I wrote a letter to John Lithgow asking him to step away from the Harry Potter TV show. The good news is, he saw the letter. The bad news... Continue reading at Book Riot
[ Book Riot | 2025-05-03 07:30:00 UTC ]
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A historic Midtown building is up for auction after years of financial trouble.The Charles Scribner’s Sons Building, which opened in 1913, is set to be auctioned off Wednesday after it went into foreclosure late last year. The building is the former home of publisher Charles Scribner’s Sons’... Continue reading at Crains New York
[ Crains New York | 2025-04-29 18:48:19 UTC ]
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Author John Bateson shares some of his experiences publishing five nonfiction books with different publishers (and a lot of rejections). The post Not for Me—But Thanks: How to Overcome Rejection in Book Publishing appeared first on Writer's Digest. Continue reading at Writer's Digest
[ Writer's Digest | 2025-04-28 23:11:50 UTC ]
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Online Ceramics and Penguin Random House team up against the ultimate culture killers. Reading just got a whole lot cooler. Continue reading at Fast Company
[ Fast Company | 2025-04-24 09:00:00 UTC ]
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Wondery chief brand officer Nicole Blake is giving podcasts the ‘Harry Potter’ treatment. Not so long ago, a book deal and a live tour marked the outer limits of how far a hot podcast could hope to expand its horizons. These days, they’re only the beginning. Especially at Wondery, the... Continue reading at Fast Company
[ Fast Company | 2025-04-19 11:00:00 UTC ]
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Doyenne of children’s literature has regularly utilised social media in support of women-only spacesCocktail in hand and puffing on a celebratory cigar onboard her superyacht, reportedly somewhere in the Bahamas, JK Rowling celebrated on social media after this week’s UK supreme court ruling... Continue reading at The Guardian
[ The Guardian | 2025-04-18 16:11:28 UTC ]
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John Lithgow confirmed in Dumbledore role, with Paapa Essiedu playing Severus Snape and Nick Frost as HagridFor many Harry Potter fans, no actors could ever live up to the original cast of the cherished film franchise. For others, a new TV adaptation is an opportunity for greater detail and... Continue reading at The Guardian
[ The Guardian | 2025-04-14 17:21:18 UTC ]
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Paapa Essiedu will portray Severus Snape, while Paul Whitehouse has been cast as Argus Filch. Continue reading at BBC World
[ BBC World | 2025-04-14 16:00:09 UTC ]
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Paddington, Lord of the Rings and 007 – but not Harry Potter – expected at Bedfordshire theme park. Continue reading at BBC World
[ BBC World | 2025-04-10 02:00:53 UTC ]
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The Harry Potter and Death of Stalin actor has found fame with a new audience in hit TV showHe has worked in the industry for more than three decades, and appeared in blockbusters, but for a long time Jason Isaacs had managed to eschew the limelight.Then came The White Lotus, and suddenly the... Continue reading at The Guardian
[ The Guardian | 2025-04-05 08:00:17 UTC ]
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Amy Pascal and David Heyman have been described as "two of the most accomplished" producers around. Continue reading at BBC World
[ BBC World | 2025-03-25 18:20:34 UTC ]
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Booksellers take stand against influence of conservative billionaire by limiting orders of his company’s books and placing them on lower shelvesA conservative Catholic billionaire and media owner is facing an independent bookshop rebellion in France over his influence in the publishing... Continue reading at The Guardian
[ The Guardian | 2025-03-22 06:00:42 UTC ]
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Barbara Marcus, one of the most prominent and influential figures in children’s book publishing for decades, will step down as president and publisher of Random House Children’s Books on May 1. She will be succeeded by Mallory Loehr, currently EVP and publisher of the Random House Books for... Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-03-20 04:00:00 UTC ]
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The academic and educational publishing giant released its first annual report since going public last fall, showing strong results driven by its research segment. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-03-18 04:00:00 UTC ]
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Bologna's rights-business structure is evolving along with creative industries' growing engagement with book publishing. The post Bologna Children’s Book Fair’s Evolving Rights Hubs appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2025-02-15 01:29:36 UTC ]
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