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 UK has acquired Silence is Not an Option: You Can Impact the World for Change by Stuart Lawrence, the younger brother of Stephen Lawrence. Continue reading at The Bookseller
[ The Bookseller | 2020-06-15 10:32:15 UTC ]
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The stars of FX's "Pose," Universal Parks, Warner Bros. and Scholastic are among the latest to respond to J.K. Rowling's anti-trans tweets and follow-up essay. Continue reading at Los Angeles Times
[ Los Angeles Times | 2020-06-11 18:20:48 UTC ]
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The Russian market's book publishing sector has been designated by the state as eligible for special financial support during the pandemic. The post Coronavirus Impact in Russia: Publisher Cites Up to 75-Percent Profit Loss appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-06-11 16:37:40 UTC ]
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A Cincinnati startup that creates software to aid school systems beat giants like Scholastic, LexisNexis, Encyclopedia Britannica and Lego Education to win a rigorously judged national award that its CEO hopes will help propel the company into more schools. Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2020-06-10 17:11:55 UTC ]
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In order to create the Ultimate Summer 2020 Reading List, we’ve ventured into unfamiliar territory and employed… math. | Lit Hub How JK Rowling betrayed the world she created: Gabrielle Bellot on growing up with the Harry Potter universe. | Lit Hub “The pace and frequency of Trump’s falsehoods... Continue reading at Literrary Hub
[ Literrary Hub | 2020-06-10 10:30:25 UTC ]
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After the author’s widely criticized round of gender identity tweets over the weekend, the actor spoke up on behalf of transgender women. The creator of Harry Potter seems to have lost Harry Potter himself, as Daniel Radcliffe comes to the defense of trans women in the wake of J.K. Rowling’s... Continue reading at Fast Company
[ Fast Company | 2020-06-09 10:00:07 UTC ]
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As much as 30 percent of typical annual reading gains may not be carried into schoolwork in the autumn, says an NWEA report, as the COVID-19 pandemic affects US education. The post Coronavirus Impact: Scholastic Adjusts Its Summer Reading Program appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-06-08 12:33:09 UTC ]
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Veteran book publishing copy editor and actor India Cooper died on May 17 in Madison, Ind., after a brief illness. She was 67. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-06-02 04:00:00 UTC ]
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"Harry Potter" author J.K. Rowling is releasing her new book, "The Ickabog," in free online installments. The first two chapters are out now. Continue reading at Los Angeles Times
[ Los Angeles Times | 2020-05-26 19:33:57 UTC ]
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Harry Potter author J.K. Rowling is releasing her latest book as a free online serial for kids "needing distraction during the strange and difficult time we're passing through" — and she's also calling on young fans to help create illustrations... Continue reading at CBC
[ CBC | 2020-05-26 15:57:26 UTC ]
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The Harry Potter series creator is also asking her young readers to supply illustrations for the print version of the novel, available in November. Continue reading at The Washington Post
[ The Washington Post | 2020-05-26 15:11:00 UTC ]
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The Harry Potter author said her new fairy tale would go online in installments, starting Tuesday, and published as a book in November. Continue reading at The New York Times
[ The New York Times | 2020-05-26 14:47:26 UTC ]
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A selection of recent audiobooks of interest; plus, a peek at what our colleagues around the newsroom are reading. Continue reading at The New York Times
[ The New York Times | 2020-05-26 09:00:06 UTC ]
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Scholastic has been building anticipation online for Suzanne Collins' eagerly awaited prequel to the Hunger Games series, The Ballad of Songbirds and Snakes. Continue reading at The Bookseller
[ The Bookseller | 2020-05-17 18:28:18 UTC ]
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Answer the 10 questions in the Dumbledore's Army quiz and you will find out if you are more of a Harry or Neville or one of the other members! Continue reading at Book Riot
[ Book Riot | 2020-05-06 10:34:02 UTC ]
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Daniel Radcliffe, David Beckham and Dakota Fanning are among a handful of celebrities who will be reading various chapters of “Harry Potter and the Philosopher’s Stone/Sorcerer’s Stone” exclusively on Spotify. The move underscores the streaming giant's efforts to invade all things digital audio. Continue reading at Advertising Age
[ Advertising Age | 2020-05-05 18:54:51 UTC ]
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Daniel Radcliffe, David Beckham and Dakota Fanning are among a handful of celebrities who will be reading various chapters of “Harry Potter and the Philosopher’s Stone/Sorcerer’s Stone” exclusively on Spotify. Continue reading at Advertising Age
[ Advertising Age | 2020-05-05 18:54:51 UTC ]
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David Beckham, Dakota Fanning, Eddie Redmayne and "Harry Potter" himself, Daniel Radcliffe, have all signed on to read chapters of "The Sorcerer's Stone." Continue reading at Los Angeles Times
[ Los Angeles Times | 2020-05-05 18:07:58 UTC ]
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Daniel Radcliffe will lead an all-star read-along of Harry Potter and the Sorcerer's Stone. Continue reading at Book Riot
[ Book Riot | 2020-05-05 17:46:56 UTC ]
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The stars are coming out to bring the first Harry Potter novel to life in a new way. There have been audiobooks of Harry Potter and the Sorcerer's Philosopher's Stone, and (of course) a movie based on it, but this time around, big names are reading t... Continue reading at Engadget
[ Engadget | 2020-05-05 16:59:45 UTC ]
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