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 ]
Take this Triwizard champion quiz to find out which of the competitors from Harry Potter and the Goblet of Fire ... Continue reading at Book Riot
[ Book Riot | 2019-09-20 10:36:45 UTC ]
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Led by a strong performance in its trade division, revenue at Scholastic rose 7% in the first quarter ended August 31, 2019, over the comparable period in fiscal 2019. The net loss was cut to $58.5 million, from $61.3 million in last year’s first quarter. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-09-20 04:00:00 UTC ]
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Scholastic has reported a 7% rise in revenue for its first quarter results to $232.6m (£185m) due partly to its YA titles and graphic novels imprint Graphix. Continue reading at The Bookseller
[ The Bookseller | 2019-09-19 16:16:17 UTC ]
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Dark as the Harry Potter books may get, you can always count on a Weasley for a laugh. Here are some of the Weasley siblings' funniest moments. Continue reading at Book Riot
[ Book Riot | 2019-09-19 10:38:47 UTC ]
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The Centre for Literacy in Primary Education (CLPE) has revealed that there has been a slight increase in children's books featuring a BAME (Black, Asian and Minority Ethnic) character – from 4% in 2017 to 7% last year – with a rise in BAME central protagonists, from 1% to 4% in its second... Continue reading at The Bookseller
[ The Bookseller | 2019-09-18 14:42:56 UTC ]
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Scholastic UK has announced plans to relocate its two English schools-facing warehouses to one Warwickshire site. Continue reading at The Bookseller
[ The Bookseller | 2019-09-12 18:20:54 UTC ]
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We've seen people turn neural networks to almost everything from drafting pickup lines to a new Harry Potter chapter, but it turns out classic text adventure games may be one of the best fits for AI yet. This latest glimpse into what artificial intel... Continue reading at Engadget
[ Engadget | 2019-09-11 19:39:00 UTC ]
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Stacy Nethercoat Vice president, cloud solutions Tech Data Corp. Educational background: Bachelor's of Business Administration, University of Iowa What was your first ever paid job? I worked at a fast food place called "Pans & Irons" What is your favorite movie of all time? The Harry... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2019-09-11 10:40:59 UTC ]
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Pavilion Books has landed the first official Harry Potter knitting book which will allow fans to "cast on with needles and wands" to recreate Hogwarts’ house scarves and Mrs Weasley’s Christmas jumper. Continue reading at The Bookseller
[ The Bookseller | 2019-09-10 22:06:21 UTC ]
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The woman at the helm of one of the UK’s largest children’s specialists discusses the challenges and opportunities in the modern-day global publishing market. Continue reading at The Bookseller
[ The Bookseller | 2019-09-09 21:54:50 UTC ]
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The sneaker startup and the boxed water brand Just may seem like odd bedfellows, but the companies share goals and material technology. Sneaker brands are famous for their unusual collaborations. Take shoe startup Koio, which recently launch a croissant-inspired sneaker with baker Dominique... Continue reading at Fast Company
[ Fast Company | 2019-09-04 11:15:21 UTC ]
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J. K. Rowling’s beloved Harry Potter series is once again in the news after it was banned by the St. Edward Catholic School in Tennessee. The epic fantasy series focused on young wizard Harry Potter who battles against the forces of evil is, allegedly, not fantasy enough. Reverend Dan Reehil... Continue reading at Literrary Hub
[ Literrary Hub | 2019-09-03 16:05:18 UTC ]
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A Catholic school in Tennessee has removed the Harry Potter books from its library after the school's priest decided they could cause a reader to conjure evil spirits. Continue reading at Los Angeles Times
[ Los Angeles Times | 2019-09-03 12:14:12 UTC ]
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The Rev. Dan Reehil warned that reading the spells in the J.K. Rowling novels could conjure up actual evil spirits. Continue reading at HuffPost
[ HuffPost | 2019-09-02 19:47:12 UTC ]
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If you are an avid reader, there’s a good chance you’re also a Ravenclaw. But which one are you? Take our quiz to find out! Continue reading at Book Riot
[ Book Riot | 2019-08-21 10:32:47 UTC ]
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Obsessed with James, Sirius, Remus and Peter? Categorized by each member, here are 12 YA books for Marauders fans and fans of the Harry Potter books. Continue reading at Book Riot
[ Book Riot | 2019-08-20 10:35:27 UTC ]
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Are you a bit mystified with the book publishing process? Jennifer Scroggins, executive vice president of the hybrid press KiCam projects, explains what hybrid publishing can do for authors. The post Is Hybrid Publishing Right For You? by Jennifer Scroggins appeared first on Writer's Digest. Continue reading at Writer's Digest
[ Writer's Digest | 2019-08-19 14:00:22 UTC ]
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I was about 21, riding a scooter on my way home from work, when I noticed a shadow over my ... Continue reading at Book Riot
[ Book Riot | 2019-08-16 10:35:41 UTC ]
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'I knew I wanted to see it as a film,' says Imagine Kids+Family chief Stephanie Sperber about Meika Hashimoto's 'The Trail' from Scholastic. The post Books to Film: Scholastic and Imagine Announce Deal To Film Meika Hashimoto’s ‘The Trail’ appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-08-16 06:30:03 UTC ]
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One of the most interesting things about book publishing, as an industry, is the way imprints and publishing houses develop over time—shifting focus to keep up with public interest, taking on personalities along with personnel, changing hands ad nauseam and merging like no one’s watching.... Continue reading at Literrary Hub
[ Literrary Hub | 2019-08-15 09:36:09 UTC ]
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