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 ]
The Scholastic Corporation has revealed a 7% rise in operating income in the second quarter of the fiscal year, as c.e.o. Richard Robinson said the firm "continued to stand out as the world’s leading children’s book publisher and distributor". Continue reading at The Bookseller
[ The Bookseller | 2019-12-23 08:45:28 UTC ]
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Gender policy is splitting the U.K. in two this week. Across the pond, Harry Potter author J.K. Rowling is being crucified online, blasted as “transphobic” and a “TERF,” after she tweeted the hashtag #IStandWithMaya. Who is Maya? What’s a TERF? We have answers.Read Full Story Continue reading at Fast Company
[ Fast Company | 2019-12-19 15:21:28 UTC ]
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The Harry Potter creator’s year is now bookended by Twitter controversies, but this latest one is much worse. The constant hum of Twitter outrage makes it all sound the same at a distance. Everyone is mad online again? What else is new?Read Full Story Continue reading at Fast Company
[ Fast Company | 2019-12-19 12:15:49 UTC ]
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A girl who went blind is able to read again after being given a camera that reads for her. Continue reading at BBC World
[ BBC World | 2019-12-19 09:27:57 UTC ]
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Harry Potter and romance books? Of course!!!! Get ready to know more about these romance books matched with Hogwarts Houses. A Slytherin + Hufflepuff? Yes. Continue reading at Book Riot
[ Book Riot | 2019-12-18 11:38:39 UTC ]
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Here's all you need to know about Harry Potter music, including who wrote it, where you can buy it, and where to see it live. Continue reading at Book Riot
[ Book Riot | 2019-12-17 11:34:55 UTC ]
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TweetSomeone came up to one of our children’s specialists the other day and asked if anyone had ever retrieved the $200 Harry Potter boxed set that had been accidentally knocked into the hollow column next to the Harry Potter section during our storewide inventory in July. Since no one had... Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-12-13 13:00:27 UTC ]
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AbeBooks has published a list of the most expensive books they sold this year, with The Complete Works of Abraham Lincoln, which sold for $40,000, at the top. Better luck next year, signed Harry Potter deluxe set ($38,560)! A first edition of The Maltese Falcon and Mark Twain’s complete writings... Continue reading at Literrary Hub
[ Literrary Hub | 2019-12-09 21:14:37 UTC ]
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Christmas is coming up, so consider gifting the Potterhead in your life (if that’s you, treat yourself!) some of these gorgeous Harry Potter earrings. Continue reading at Book Riot
[ Book Riot | 2019-12-05 11:36:56 UTC ]
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Scholastic Entertainment is debuting a brand-new 'Clifford the Big Red Dog' TV series, based on the Norman Bridwell books. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-12-05 05:00:00 UTC ]
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As the Harry Potter play officially opens in San Francisco on Sunday, the production continues to sidestep a deeper discussion about casting. Continue reading at Los Angeles Times
[ Los Angeles Times | 2019-12-01 23:54:38 UTC ]
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What could be better than Harry Potter or Target? The answer is, of course, Harry Potter at Target. Over the ... Continue reading at Book Riot
[ Book Riot | 2019-11-29 11:32:47 UTC ]
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Devin Maddox, formerly trade book publisher at B&H, has been promoted to v-p of book publishing. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-11-20 05:00:00 UTC ]
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I've found the perfect Harry Potter Christmas decorations for your winter holiday, whether you like DIY projects or you prefer to buy. Continue reading at Book Riot
[ Book Riot | 2019-11-18 11:36:10 UTC ]
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So many readers have a personal connection to the Harry Potter series, some of them weirder than others. Here, Rioters spill their Harry Potter confessions. Continue reading at Book Riot
[ Book Riot | 2019-11-18 11:34:09 UTC ]
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Delve deeper into the series as we do a close reading of the first lines and last lines of each Harry Potter book in this iconic and magical series. Continue reading at Book Riot
[ Book Riot | 2019-11-15 11:37:59 UTC ]
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If you're searching for the perfect gift for you or the family, these Harry Potter pajamas are sure to blow your socks off (right into Dobby's hands). Continue reading at Book Riot
[ Book Riot | 2019-11-13 11:34:59 UTC ]
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We've compiled 50+ of the most magical Harry Potter crafts for your classroom, home decor, party decor, holiday decor, and, well, just for fun. Lumos. Continue reading at Book Riot
[ Book Riot | 2019-11-12 11:36:19 UTC ]
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The artist Jim Kay, whose latest book is “Harry Potter and the Goblet of Fire,” surrounds himself with nature when he draws unnatural creatures like dragons, goblins and trolls. Continue reading at The New York Times
[ The New York Times | 2019-11-06 10:00:42 UTC ]
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Scholastic’s publisher for fiction and picture books, Sam Smith, is leaving the firm to join Macmillan Children’s Books (MCB). Continue reading at The Bookseller
[ The Bookseller | 2019-11-06 05:13:44 UTC ]
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