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 ]
Poor working conditions for book editors are ingrained. It’s time for that to change – no matter how much we love our jobsBook editors love their jobs, perhaps more than the average worker. We work diligently with motivated and inspiring peers on projects we are proud of. You may not realise... Continue reading at The Guardian
[ The Guardian | 2019-03-29 00:00:00 UTC ]
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The professor and author discusses his research into the publishing industry’s recent attempts to improve diversity. Continue reading at The Bookseller
[ The Bookseller | 2019-03-14 00:00:00 UTC ]
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With Fever Pitch, About a Boy, and High Fidelity, Nick Hornby created a niche penning romantic comedies from the male perspective and launching the crush-worthy careers of Hugh Grant, Colin Firth, and John Cusack on both sides of the pond. Then he went on to prove that he can deftly embody a... Continue reading at Slate
[ Slate | 2019-02-23 00:00:00 UTC ]
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An official behind-the-scenes book of the record-breaking play "Harry Potter and the Cursed Child – Parts One and Two" will be published by Little, Brown. Continue reading at The Bookseller
[ The Bookseller | 2019-02-22 00:00:00 UTC ]
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After successful collections for Harry Potter, Looney Tunes and Trolls, winter has come to the Danielle Nicole brand. Founder and Ellicott City native Danielle DiFerdinando has joined forces with HBO for GOT X DN, a collection inspired by the book and TV series “Game of Thrones.” In hues of red,... Continue reading at Baltimore Sun
[ Baltimore Sun | 2019-01-31 00:00:00 UTC ]
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Remarkable editor at André Deutsch who later in life found success as a frank and clear-sighted memoiristDiana Athill, who has died aged 101, was one of book publishing’s most remarkable editors, but in the latter part of her life it was her own writing that brought her much-enjoyed literary... Continue reading at The Guardian
[ The Guardian | 2019-01-24 00:00:00 UTC ]
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On April 9-10 in Frankfurt, the new RightsTech Europe conference will explore rights management and monetization in book publishing and media industries. The post RightsTech Europe: A New Summit for Publishing and ‘Related Sectors’ appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-01-18 00:00:00 UTC ]
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In Canada, Access Copyright is working on developing blockchain solutions for book publishing, including smart contracts and an attribution ledger. The post Blockchain in Publishing: Modeling the Future at Canada’s Access Copyright appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-01-17 00:00:00 UTC ]
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Book publishing is a business and increasingly a technical one, but at its heart it is an art, writes Peter J. Dougherty from Princeton University Press in this opinion piece. Continue reading at Knowledge@Wharton
[ Knowledge@Wharton | 2018-12-19 00:00:00 UTC ]
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It’s called “Crimes New Roman.” Harry Potter, the beloved children’s books by J.K. Rowling, is now a bona fide franchise, with books, theme parks, and countless movies. The latest? The Crimes of Grindelwald, a sequel to the spin-off Fantastic Beasts and Where to Find Them. It’s playing in movie... Continue reading at Fast Company
[ Fast Company | 2018-12-07 00:00:00 UTC ]
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"A woman must have money and a room of her own if she is to write fiction," Virginia Woolf wrote in a famous 1929 essay. British businessman Arron Banks apparently disagrees, and he incurred the wrath of fans of "Harry Potter" creator J.K. Rowling after mocking the author on Twitter for having... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-12-04 00:00:00 UTC ]
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The literary magazine, founded in 2006 by former 'Paris Review' editor Brigid Hughes, is launching a book publishing imprint. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-12-04 00:00:00 UTC ]
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Warner Bros.' "Fantastic Beasts: The Crimes of Grindelwald" met expectations in winning the box office this weekend, opening in first place with $62.2 million, according to figures from measurement firm Comscore. The "Harry Potter" prequel, a follow-up to 2016's "Fantastic Beasts and Where to... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-11-19 00:00:00 UTC ]
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The publishing industry might have to think back to Harry Potter’s heyday for a book that has garnered as much attention as the former first lady’s has. Continue reading at The New York Times
[ The New York Times | 2018-11-14 00:00:00 UTC ]
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BISG organized a panel about blockchain and its application to book publishing that examined its potential and the reality of a much-hyped but barely understood technological innovation. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-11-09 00:00:00 UTC ]
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F+W Media has established a new standalone book group, naming Heidi Sachner as its chief. Sachner, in her new role, will be responsible for all book publishing in F+W's various communities. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-11-07 00:00:00 UTC ]
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At 150 and now owned by Hachette, the UK's Hodder & Stoughton has a huge list of hits to its name and was ahead of the Penguin paperback revolution with pocket-size hardcovers in the 1920s. The post Hodder & Stoughton Marks 150 Years in Book Publishing appeared first on Publishing... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-10-24 00:00:00 UTC ]
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Poland-based kids’ publisher Ameet will release a series of books based on the Wizarding World franchise—encompassing the Harry Potter and Fantastic Beasts films—after partnering with Warner Bros Consumer Products. Continue reading at The Bookseller
[ The Bookseller | 2018-10-11 00:00:00 UTC ]
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A design studio that turned to book publishing, and made a mark with its Russian Criminal Tattoos series, has more Soviet-themed treats up its sleeve in the form of three titles released this month. Continue reading at The Bookseller
[ The Bookseller | 2018-09-26 00:00:00 UTC ]
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