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 ]
Were you a big nerd or queen of the lunch room? Your nostalgic book choices in this Scholastic Book Fair quiz will reveal the truth. Continue reading at Book Riot
[ Book Riot | 2019-11-05 11:36:16 UTC ]
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Find the perfect Harry Potter gifts for everyone on your list, but feel free to get yourself a little something as well! Continue reading at Book Riot
[ Book Riot | 2019-11-01 10:38:02 UTC ]
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Are you ready to own a small piece of a first-edition Harry Potter book? Good news: Your assets can now include a 1982 Aston Martin V8 Vantage worth $297,500, and a Bleu Saphir Lizard Hermés Birkin Bag worth $58,000, and Michael Jordan’s game sneakers from 1988, worth $22,000. They can be... Continue reading at Fast Company
[ Fast Company | 2019-10-31 13:54:58 UTC ]
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As a 14-year-old, Jason Snyder created his first commercial software--a system he described as a "party line for computer nerds in the '80s." "I was lucky enough to be born at the right time for the web to happen and at a place to help shape how it would evolve," he added. Snyder said he... Continue reading at AdWeek
[ AdWeek | 2019-10-22 22:00:06 UTC ]
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Whether you're looking for wall art ideas or your next tattoo, there are short Harry Potter quotes here for every witch, wizard, or magic-loving Muggle. Continue reading at Book Riot
[ Book Riot | 2019-10-18 10:32:52 UTC ]
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Everything is a subscription service nowadays, so frankly it's a surprise it's taken so long for the Harry Potter franchise to get in on the action, but that it has, in the form of Wizarding World Gold. The 12-month sub includes a whole bunch of magi... Continue reading at Engadget
[ Engadget | 2019-10-16 10:01:00 UTC ]
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Are you more of a bookish Hermione or a headstrong Fleur? Maybe even a bold Ginny Weasley? Find out your witchy counterpart in this Harry Potter witch quiz! Continue reading at Book Riot
[ Book Riot | 2019-10-15 10:39:30 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 | 2019-10-13 10:30:06 UTC ]
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Telecommunications giant Spectrum Inc. is investing nearly $2 million in a Northern Kentucky facility ahead of a push to hire on 300 more workers. Spectrum, born from the acquisition of Time Warner Cable by Charter Communications (Nasdaq: CHTR), is investing $1.7 million in upgrades to its... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2019-10-11 16:16:40 UTC ]
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Scholastic reveals the cover for the forthcoming The Hunger Games prequel in this week's pictures round-up, while Bonnier holds a "pink party" for Breast Cancer Awareness Month and American illustrator Jon Agee visits the UK. Continue reading at The Bookseller
[ The Bookseller | 2019-10-11 08:40:39 UTC ]
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Visiting Times Square at night can be a pretty overwhelming experience, in part because of the visual chaos of so many massive digital ads vying for your attention. But would it be even more overwhelming if all the ads came together to tell one immersive story? The producers of Broadway's Harry... Continue reading at AdWeek
[ AdWeek | 2019-10-10 20:54:51 UTC ]
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Revelo persona! Find out which of nine awesome and magical Harry Potter characters you are with this Harry Potter Enneagram quiz. Continue reading at Book Riot
[ Book Riot | 2019-10-09 10:34:01 UTC ]
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"Come with me, and you'll be in a world of pure imagination" -- that is, the Scholastic Book Fair. Shiny new paperbacks and all, reminisce with us. Continue reading at Book Riot
[ Book Riot | 2019-10-07 10:35:28 UTC ]
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Google has long been a philanthropic powerhouse, with STEM education, economic security and inclusion as top priorities. Through its charitable arm, the company also is tackling housing and homelessness, along with criminal justice reform. Next up — libraries. On Thursday, Google.org announced... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2019-10-03 21:51:27 UTC ]
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Scholastic has announced the next instalment in Suzanne Collins’ The Hunger Games series will be called The Ballad of Songbirds and Snakes. Continue reading at The Bookseller
[ The Bookseller | 2019-10-03 15:14:24 UTC ]
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Scholastic UK will publish Fearless! How to be your true, confident self by anti-bullying charity founder Liam Hackett. Continue reading at The Bookseller
[ The Bookseller | 2019-10-02 13:01:07 UTC ]
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Wizarding World Digital has launched with the Official Harry Potter Fan Club through its first app, a Harry Potter and Fantastic Beasts mobile companion, and a new, interactive Wizarding World website. Continue reading at The Bookseller
[ The Bookseller | 2019-10-01 17:45:18 UTC ]
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Scholastic has won a "heated" auction for a middle-grade debut about an 11-year-old with a stammer who wants to become a stand-up comedian. Continue reading at The Bookseller
[ The Bookseller | 2019-09-30 12:33:54 UTC ]
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Warner Bros. Entertainment has leased a large Flatiron District retail space at 935 Broadway for a Harry Potter-themed exhibit that will allow fans to experience the enchanted world of the... To view the full story, click the title link. Continue reading at Crains New York
[ Crains New York | 2019-09-23 17:24:39 UTC ]
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At The Bookseller Children’s Conference today, Scholastic co-managing director Catherine Bell urged publishing to "reflect all children" and engage parents so they can read to their youngsters. Continue reading at The Bookseller
[ The Bookseller | 2019-09-23 02:34:03 UTC ]
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