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 ]
J .K. Rowling has some good news for fans of her "Harry Potter" universe, especially ones on this side of the Atlantic. The author's website, Pottermore, will publish a four-part story this week called "History of Magic in North America." The story will provide the background for "Fantastic... Continue reading at Los Angeles Times
[ Los Angeles Times | 2016-03-07 00:00:00 UTC ]
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The Open eBook private-public partnership offers access to quality digital content, including a catalog of ebooks valued at more than $250 million. The post Major Publishers Contribute to Open eBooks Initiative appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2016-03-04 00:00:00 UTC ]
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New research from Booklist shows page counts have grown 173% over 40 years, and suggests that JK Rowling’s boy hero may be responsible for large increase in early 2000sChildren’s novels have almost doubled in length over the last 40 years, according to research from US review journal Booklist,... Continue reading at The Guardian
[ The Guardian | 2016-03-03 00:00:00 UTC ]
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The script from the forthcoming Harry Potter play leaps to the top of the book bestseller list, a day after its July release was announced. Continue reading at BBC News
[ BBC News | 2016-02-12 00:00:00 UTC ]
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Author JK Rowling has announced a new book which will follow the next generation as they set off for Hogwarts. Continue reading at The Sydney Morning Herald
[ The Sydney Morning Herald | 2016-02-11 00:00:00 UTC ]
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Harry Potter and the Cursed Child Parts I & II will be published the day after the play begins in London, picking up the wizard’s story 19 years after the final novel in the seriesHarry Potter author JK Rowling’s script of the stage play Harry Potter and the Cursed Child is going to be... Continue reading at The Guardian
[ The Guardian | 2016-02-11 00:00:00 UTC ]
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If Amazon’s business practices continue unchecked the result could be a “nuclear winter” for book publishing, said Smashwords founder Mark Coker during a Jan. 27 event called Amazon’s Book Monopoly—A Threat to Freedom of Expression? Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-01-28 00:00:00 UTC ]
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The Showtime series, which ended its second season on Sunday night, has become a favorite topic of water cooler chat among book industry types. With so many delighting in the travails of Brooklyn-high-school-English-teacher-turned-successful-novelist Noah Solloway, we dug up five of our favorite... Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-12-23 00:00:00 UTC ]
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A movie based on a book inside a Harry Potter book is here, and this is our first glimpse.During a week where many people have reached critical levels of Star Wars overload, Warner Bros. has released the first look at an entire movie based around a book that was listed on Harry Potter's freshman... Continue reading at Fast Company
[ Fast Company | 2015-12-15 00:00:00 UTC ]
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Republican presidential candidate Donald Trump has received his share of celebrity endorsements, with stars such as Mike Tyson and Dennis Rodman backing the controversial billionaire. "Harry Potter" author J.K. Rowling, however, is decidedly not a member of Trump's fan club. The Scottish writer... Continue reading at Los Angeles Times
[ Los Angeles Times | 2015-12-09 00:00:00 UTC ]
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Resources and coverage from the Global Kids Connect conference, a convergence of innovative minds focused on children’s book publishing and the changing children’s book business in China. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-12-08 00:00:00 UTC ]
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Stephen Page also says publishers must ‘understand mobile’ and put smartphone communication at the centre of thinkingThe chief executive of publisher Faber & Faber has challenged the book publishing industry to respond to the rapid increase in smartphone use, particularly by young... Continue reading at The Guardian
[ The Guardian | 2015-12-04 00:00:00 UTC ]
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Katniss Everdeen may have come out on top of the weekend box office with an estimated $101 million in domestic ticket sales, but the new "The Hunger Games: Mockingjay -- Part 2" fell short of industry expectations and, unlike the "Twilight" and "Harry Potter" young-adult juggernauts, her "Hunger... Continue reading at Los Angeles Times
[ Los Angeles Times | 2015-11-23 00:00:00 UTC ]
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Hungry for wands, stuffy spell books and elaborate magical alleys with complicated villain back stories? Never fear, the Harry Potter universe has returned with the new prequel film "Fantastic Beasts." Entertainment Weekly has debuted a collection of stills for the "Harry Potter" prequel,... Continue reading at Los Angeles Times
[ Los Angeles Times | 2015-11-05 00:00:00 UTC ]
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'Potter' fans now know what the upcoming play will be about and it involves more of the characters from the book series than they may have thought. The show is set to open in London in the summer of 2016. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2015-10-24 00:00:00 UTC ]
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A new play will pick up the story of Harry Potter where the seventh and final volume of JK Rowling's saga left off, with a plot involving a grown-up Harry and his youngest son, Albus. Continue reading at Stuff
[ Stuff | 2015-10-24 00:00:00 UTC ]
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It’s a big week for old favorites, especially among children’s authors: Rick Riordan has the #1 book in the country, Harry Potter is back with a new look, and ‘Twilight'’s Bella and Edward are back with new genders. Plus two books delved into Kennedy Clan history, Patti Smith follows up ‘Just... Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-10-16 00:00:00 UTC ]
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J.K. Rowling’s 'Harry Potter and the Sorcerer’s Stone' knocked Andy Weir’s 'The Martian' from its #1 spot on the iBooks Bestsellers list for the week ended October 11. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-10-15 00:00:00 UTC ]
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It's been several years since the last book in the 'Potter' series was published, but judging by the fervor of fans, the boy wizard isn't going anywhere anytime soon. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2015-10-15 00:00:00 UTC ]
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Dan Nigloschy of codeMantra believes that now is the time for a second digital revolution in book publishing, one that takes advantage of digital agility. The post Content Will Exist in a Continuum appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2015-10-07 00:00:00 UTC ]
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