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 created a pre-order campaign for Suzanne Collins' Hunger Games prequel that it says could drive trade to indie bookshops during the coronavirus outbreak. Continue reading at The Bookseller
[ The Bookseller | 2020-03-19 08:56:22 UTC ]
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A list of special offers and discounts offered in an effort to mitigate the impact of the new coronavirus on the book publishing industry and related communities. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-03-19 04:00:00 UTC ]
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An awesome daily roundup of the most interesting bookish links from around the web! Continue reading at Book Riot
[ Book Riot | 2020-03-15 10:30:40 UTC ]
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Do you consider yourself a hard-core Potterhead? Did you defy your Veron Dursley-esque stepfather by joining the college Quidditch team? Did a rough breakup prompt an ill-advised dalliance with Snapism? Is your work commute enlivened by the dulcet tones of the weekly MuggleCast? Have you inked a... Continue reading at Literrary Hub
[ Literrary Hub | 2020-03-11 17:04:10 UTC ]
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Wild electoral swings and global public-health crises come at you fast. Two weeks ago, Bernie Sanders was in the driving seat of the Democratic primary, and the coronavirus—while certainly of growing concern—had yet to cause a death in the US; when seven Democratic presidential candidates (all... Continue reading at Columbia Journalism Review
[ Columbia Journalism Review | 2020-03-11 12:06:48 UTC ]
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Rally enables regular investors to buy and sell shares in high-end collectibles. Crafted from individually selected Nile crocodile scales in cream and gray, Hermès’s Himalaya Birkin is one of the world’s rarest handbags, fetching more than $100,000 at auction. Rally cofounder and CEO Chris... Continue reading at Fast Company
[ Fast Company | 2020-03-10 05:00:57 UTC ]
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Scholastic has scooped a graphic novel edition of Roald Dahl classic The Witches with illustrations by Pénélope Bagieu. Continue reading at The Bookseller
[ The Bookseller | 2020-03-08 13:07:28 UTC ]
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Harry Potter and the Philosopher's Stone (Bloomsbury) has been voted viewers’ favourite Blue Peter Book Award winner of the last 20 years, while Amanda Li’s Rise Up (Buster) and Vashti Hardy’s Wildspark (Scholastic) have also won prizes. Continue reading at The Bookseller
[ The Bookseller | 2020-03-05 02:44:21 UTC ]
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Beloved stars of the Harry Potter and Fantastic Beasts films will voice the first ever audiobook edition of J.K. Rowling's THE TALES OF BEEDLE THE BARD, with proceeds to benefit the Lumos foundation. Continue reading at Book Riot
[ Book Riot | 2020-02-27 16:09:37 UTC ]
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Scholastic UK is publishing Keren David’s “highly topical, thrilling and thought-provoking” YA book exploring modern-day antisemitism in the UK. Continue reading at The Bookseller
[ The Bookseller | 2020-02-19 12:22:42 UTC ]
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As a girl, the author of “Wild” and “Tiny Beautiful Things” spent hours studying Scholastic book club catalogs. But “my family was too poor to pay for the books,” she says. Continue reading at The New York Times
[ The New York Times | 2020-02-18 15:29:22 UTC ]
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Scholastic and Penguin Random House retained their #1 spots in our rankings of children’s frontlist fiction and picture book bestsellers by corporation, respectively, though each company’s share of positions on its list diminished slightly from 2018. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-02-15 05:00:00 UTC ]
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As a girl, the author of “Wild” and “Tiny Beautiful Things” spent hours studying Scholastic book club catalogs. But “my family was too poor to pay for the books,” she says. Continue reading at The New York Times
[ The New York Times | 2020-02-13 10:00:03 UTC ]
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Los Angeles Review of Books editor Tom Lutz talks about "Born Slippy," his first novel, and why the city should have a more vibrant book publishing industry Continue reading at Los Angeles Times
[ Los Angeles Times | 2020-02-09 15:00:03 UTC ]
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Niantic's real-world events for 2019 were so successful that they generated $249 million in tourism revenue across Chicago, Dortmund and Montréal. That's what the company has revealed in a new events website, which it launched alongside its fe... Continue reading at Engadget
[ Engadget | 2020-01-23 13:44:00 UTC ]
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Suzanne Collins’s upcoming fourth book in her bestselling series is not exactly what fans were hoping for. The minds behind The Hunger Games are catching fire from fans of the books upset that President Snow is going to be the subject of a prequel entitled The Ballad of Songbirds & Snakes,... Continue reading at Fast Company
[ Fast Company | 2020-01-22 12:20:56 UTC ]
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There have been some ambitious Minecraft projects before, but this one may win for sheer sophistication. The modding team Floo Network is creating Minecraft School of Witchcraft and Wizardry, a Harry Potter-themed role-playing experience inside a Mi... Continue reading at Engadget
[ Engadget | 2020-01-13 18:43:00 UTC ]
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Harry Potter actress Evanna Lynch will narrate Irish author Sam Blake's feminist thriller, Keep Your Eyes on Me (Bolinda), billed as "Strangers on a Train” meets “Dial M For Murder”. The deal for world English language audio rights was agreed between Ellis Moore, senior rights and content... Continue reading at The Bookseller
[ The Bookseller | 2020-01-07 12:05:13 UTC ]
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Pottermore, the digital publisher of Harry Potter, recorded sales of £31.5m in the year to end March 2019, with pretax profit jumping to £6.9m. Describing the performance as "another very good year", chair Neil Blair highlighted "strong" sales of the original Harry Potter series across e-books... Continue reading at The Bookseller
[ The Bookseller | 2020-01-02 23:13:21 UTC ]
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Check out Harry Potter duvet covers in simple, nuetral colors, bright, fantastical images, and learn about Harry Potter pillows. Continue reading at Book Riot
[ Book Riot | 2019-12-27 11:31:39 UTC ]
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