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 ]
I was a passionate Harry Potter fan as a kid (and teenager…and adult). I obsessed over the plots and characters, ... Continue reading at Book Riot
[ Book Riot | 2019-08-13 10:35:35 UTC ]
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As we enter the fourth industrial revolution, book publishing and manufacturing are being affected by automation, data exchange, artificial intelligence, and more. This webinar will explore what it means for publishers and manufacturers, what industry leaders are already doing, and how they plan... Continue reading at Publishing Executive
[ Publishing Executive | 2019-08-05 15:22:41 UTC ]
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TimesUp! Not all heroes wear capes—or carry wands. Emma Watson, the actress and activist who is still best known as resident Harry Potter smarty-pants Hermione Granger, is taking on a new role. She has launched a free legal-advice hotline with Time’s Up for women in England and Wales who are... Continue reading at Fast Company
[ Fast Company | 2019-08-05 12:57:34 UTC ]
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I am absolutely, 100% on the enamel pin bandwagon and I am showing no signs of stopping. Not that I ... Continue reading at Book Riot
[ Book Riot | 2019-08-02 10:33:57 UTC ]
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Scholastic Inc's operating income for the fiscal year ending 31st May fell 55% to $25m (£20.3m), despite a 2% increase in revenues to $1.65bn (£1.34bn), according to its latest financial results. Continue reading at The Bookseller
[ The Bookseller | 2019-07-29 11:40:07 UTC ]
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Scholastic cited a host of factors for a 55% decline in operating income in the fiscal year ended May 31, 2019. Revenue rose 2% in the year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-07-26 04:00:00 UTC ]
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I’m back with more fragrances and Harry Potter characters! If you missed round one, be sure to check it out. ... Continue reading at Book Riot
[ Book Riot | 2019-07-20 10:31:12 UTC ]
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Lily Allen, who once wrote a song about what a loser her brother Theon Greyjoy was, took The Guardian‘s “Books That Made Me” questionnaire, and landed on the objectively correct answer to the question of which book she wishes she’d written: “All of the Harry Potter books, for obvious reasons.” I... Continue reading at Literrary Hub
[ Literrary Hub | 2019-07-19 14:57:05 UTC ]
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I was 11 years old when I fell in love with Harry Potter for the first time. It was the summer ... Continue reading at Book Riot
[ Book Riot | 2019-07-19 10:39:01 UTC ]
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Little, Brown has revealed the cover for its behind the scenes book on hit play Harry Potter and the Cursed Child. Continue reading at The Bookseller
[ The Bookseller | 2019-07-17 22:49:55 UTC ]
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Whether you plan to grow some devil’s snare or just some garden variety tomatoes, these Harry Potter planters are sure to get you started on the right note. Continue reading at Book Riot
[ Book Riot | 2019-07-16 10:36:27 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 | 2019-07-16 10:30:09 UTC ]
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Urging young readers to contribute to their communities, Dav Pilkey's 'Do Good Tour' will open in August with stops in the States, Asia and India. The post Scholastic Supports New ‘Dog Man’ With International Pilkey Tour appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-07-15 05:30:53 UTC ]
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After Harry, Ron, and Hermione, the most famous friendship from Hogwarts is certainly the four Marauders. Take this Harry Potter ... Continue reading at Book Riot
[ Book Riot | 2019-07-12 10:38:28 UTC ]
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Your favorite Harry Potter characters got matched up with a perfect-for-them fragrance. Continue reading at Book Riot
[ Book Riot | 2019-07-03 10:34:16 UTC ]
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Warner Brothers is in the very early stages of developing a Harry Potter prequel television series. Find out what we know so far. Continue reading at Book Riot
[ Book Riot | 2019-07-02 18:58:30 UTC ]
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'Wizards Unite' is bloated and overly complex—but at least it's something different. Continue reading at Wired
[ Wired | 2019-06-25 11:00:00 UTC ]
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Hey, good morning! You look fabulous. Hey, there! Bill Gates regrets that he didn't beat Android in mobile, we give our mixed verdict on the new Harry Potter mobile game and review Apple's new iPad OS. Continue reading at Engadget
[ Engadget | 2019-06-25 10:30:00 UTC ]
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Mat Smith and Dan Cooper grew up in the UK at the right age to witness the birth of Pottermania. The Harry Potter novels are firmly encoded in their very British psyches, and both are fans of augmented reality, GPS-connected mobile games. So it made... Continue reading at Engadget
[ Engadget | 2019-06-24 17:28:00 UTC ]
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At the Cannes Lions International Festival of Creativity, Ad Age sat down with some of the brightest minds in advertising and marketing to discuss some of the bravest and most talked about ideas of this year, some of which also scored big Lions last week. One of the most celebrated campaigns... Continue reading at Advertising Age
[ Advertising Age | 2019-06-24 17:00:00 UTC ]
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