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 is to relaunch children's series Horrible Histories in 2021, with new-look covers and a new "secret diary" series. Continue reading at The Bookseller
[ The Bookseller | 2020-12-02 01:42:05 UTC ]
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Earlier this year, Svetlana Tikhanovskaya decided to run for president in Belarus, a country widely known as “Europe’s last dictatorship,” after her husband, a popular YouTuber who had planned to run himself, was jailed. Alexander Lukashenko, the longtime dictator, allowed Tikhanovskaya to... Continue reading at Columbia Journalism Review
[ Columbia Journalism Review | 2020-12-01 13:25:34 UTC ]
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The biggest trade show in U.S. book publishing is being retired. BookExpo and its attendant consumer-focused events, BookCon and Unbound, will not be held in 2021, as organizer ReedPop considers the future of the events. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-12-01 05:00:00 UTC ]
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Harry Potter actor Rupert Grint racked up a million followers in just over four hours. Continue reading at BBC World
[ BBC World | 2020-11-17 16:59:20 UTC ]
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A sale of the venerable publisher of Stephen King and Hillary Clinton could fetch $1.7 billion and rev up consolidation in book publishing. Continue reading at The New York Times
[ The New York Times | 2020-11-17 08:28:15 UTC ]
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Tomorrow marks sixty years since civil rights icon, activist and writer Ruby Bridges was the first Black child to integrate a Southern elementary school—and today, Scholastic announced three forthcoming books written by Bridges, which will be released from spring 2022-23. The three new books are... Continue reading at Literrary Hub
[ Literrary Hub | 2020-11-13 17:02:57 UTC ]
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Actor has announced he will be exiting the Harry Potter prequel series after losing his libel case over allegations of assault towards ex-wife Amber HeardJohnny Depp is set to exit the Fantastic Beasts franchise after being asked to resign by Warner Bros.The actor announced the decision in a... Continue reading at The Guardian
[ The Guardian | 2020-11-06 16:53:04 UTC ]
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FutureBook celebrates start-ups that are making a unique impact on the book publishing industry. Over the past few years, the judges have rewarded both high-growth start-ups and smaller players transforming the business of books. Previous winners include Reedsy, Kadaxis, Unrd, The Pound Project... Continue reading at The Bookseller
[ The Bookseller | 2020-11-06 02:47:19 UTC ]
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Ella discovered Diagon Alley inside her wardrobe during a game of hide-and-seek on her birthday. Continue reading at BBC News
[ BBC News | 2020-11-04 00:03:40 UTC ]
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Actor Matthew McConaughey has the #1 book in the country with ‘Greenlights.’ Plus books on baking and escapist photography help ease the lockdown blues, and a new edition of ‘Harry Potter and the Sorcerer’s Stone’ pops up. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-10-30 04:00:00 UTC ]
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The push in book publishing for more authors and workers of color hasn’t abated, and companies are increasingly making lasting changes to the way they do business. Continue reading at The New York Times
[ The New York Times | 2020-10-29 16:18:17 UTC ]
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After shaky start in lockdown, Bloomsbury sales soar as people pick books over box setsCoronavirus – latest updatesSee all our coronavirus coverageThe Harry Potter publisher, Bloomsbury, has reported its most profitable first half in more than a decade, after a nation tiring of box sets fuelled... Continue reading at The Guardian
[ The Guardian | 2020-10-27 12:22:12 UTC ]
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CONTEMPORARY FASCISM HAS MOVED faster than conventional book publishing can turn out the books to explain it. Two recent releases highlight markedly different approaches to the contemporary far right and a fundamental disagreement over how to contain its spread. Sociologist Cynthia... Continue reading at Los Angeles Review of Books
[ Los Angeles Review of Books | 2020-10-25 15:00:46 UTC ]
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Former Crown publisher Molly Stern has returned to book publishing as the founder of Zando, an independent publisher that will develop its own list as well as partner with “influential people, platforms and institutions to acquire and publish new titles under their own imprints." Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-10-22 04:00:00 UTC ]
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It smelled like Clinton’s emails redux. Last Wednesday, the Murdoch-owned New York Post published a bizarre story, sliming Joe Biden and his son Hunter, that it said was based on files (including, yes, emails) from a laptop that a man who may or may not have been Hunter left in a Delaware... Continue reading at Columbia Journalism Review
[ Columbia Journalism Review | 2020-10-19 12:20:19 UTC ]
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SUSANNA CLARKE FIRST BURST on the scene with Jonathan Strange & Mr Norrell in 2004 on a wave of publicity partly fueled by comparisons with Harry Potter. However, while both stories are set in England and concern magic, the similarities end there: Jonathan Strange presents a complex, dark,... Continue reading at Los Angeles Review of Books
[ Los Angeles Review of Books | 2020-10-18 17:00:59 UTC ]
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American publisher Arthur A Levine has launched the first titles fro his new independent children’s publisher Levine Querido in the UK. Levine founded Levine Querido last April after 23 years as the publisher of Scholastic Inc imprint Arthur A Levine Books. One of the driving forces that led him... Continue reading at The Bookseller
[ The Bookseller | 2020-10-14 12:12:21 UTC ]
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Scholastic UK has acquired two middle-grade books from TV personalities and Diversity dance collective members Ashley and Jordan Banjo. Continue reading at The Bookseller
[ The Bookseller | 2020-10-01 02:08:16 UTC ]
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In Britain, he helped redefine high-quality newspapers and challenged legal restrictions on the press. In America, he brought new scope and glitz to book publishing as the head of Random House. Continue reading at The New York Times
[ The New York Times | 2020-09-24 09:41:20 UTC ]
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IN THE LATE 1990s and early 2000s, millennials in the United States were tweens and teens, and the Harry Potter phenomenon hit hard. There was nothing so comforting in the face of overseas wars and 9/11 as a bit of Blairite neoliberalism from abroad: the British school novel wrapped up with a... Continue reading at Los Angeles Review of Books
[ Los Angeles Review of Books | 2020-09-19 15:00:45 UTC ]
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