Scholastic moves to cut costs as it anticipates coronavirus impact

Scholastic Corporation has said it expects business in the fourth quarter to be affected by coronavirus-related school closures and it is taking "agressive actions to reduce operating expenses throughout the Company" as a result, including the temporary closure of warehouse and distribution centres.  Continue reading at 'The Bookseller'

[ The Bookseller | 2020-03-19 15:51:43 UTC ]
News tagged with: #cut costs #scholastic corporation #fourth quarter #scholastic

Other Publishing stories related to: 'Scholastic moves to cut costs as it anticipates coronavirus impact '


Wiley Cuts Financial Forecast for Fiscal 2020

John Wiley & Sons estimated the coronavirus outbreak will drop revenues for the fiscal year ending April 30 by about $50 million from its previous expectations, president and CEO Brian Napack said. Adjusted EBITDA is expected to be $25 million lower than original forecasts. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-09 04:00:00 UTC ]
More news stories like this | News stories tagged with: #coronavirus outbreak #$50 million #adjusted ebitda


This year's Lollies cancelled due to coronavirus outbreak

Scholastic has cancelled the Laugh Out Loud Awards (known as the Lollies) for 2020, due to schools closing and the uncertainty surrounding the coronavirus crisis. Continue reading at The Bookseller

[ The Bookseller | 2020-04-08 22:49:38 UTC ]
More news stories like this | News stories tagged with: #coronavirus outbreak #loud awards #coronavirus crisis #scholastic


The Economist Names Its First Chief Product Officer | People on the Move

[caption id="attachment_179670" align="alignright" width="150"] Deep Bagchee[/caption] The Economist Group appointed Deepanshu Bagchee as chief product officer, charged with product management for all of the company's digital offerings, including The Economist and the Economist Intelligence... Continue reading at Folio Magazine

[ Folio Magazine | 2020-04-08 13:33:01 UTC ]
More news stories like this | News stories tagged with: #hearst #publishing director #digital content


Survey of Independent Bookstores Shows Coronavirus Toll

We surveyed nearly three dozen bookstores with more than a thousand years of bookselling experience between them to find out how the new coronavirus outbreak has altered the work that they do. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-08 04:00:00 UTC ]
More news stories like this | News stories tagged with: #dozen bookstores #thousand years #coronavirus outbreak


Diamond Reveals New Payment Terms; Execs Take Pay Cut

Diamond Distributors founder Steve Geppi outlined the terms under which the distributor of comics, graphic novels, and prose books would resume payments to publishers and other vendors. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-07 04:00:00 UTC ]
More news stories like this | News stories tagged with: #payment terms #pay cut #graphic novels #prose books


CILIP moves celebrations for 2020's Carnegie and Kate Greenaway Medal winners

CILIP is postponing the winners' ceremony for the 2020 Carnegie and Kate Greenaway Medals and extending its Shadowing Scheme until October, taking into account the government's advice concerning the ongoing pandemic. Continue reading at The Bookseller

[ The Bookseller | 2020-04-05 22:58:32 UTC ]
More news stories like this | News stories tagged with: #ongoing pandemic


W H Smith to raise cash as coronavirus bites

W H Smith has confirmed it plans to strengthen its balance sheet with new lending facilities of £120m accompanied by an equity issue of up to 13.7% of its issued share capital.   Continue reading at The Bookseller

[ The Bookseller | 2020-04-05 20:57:09 UTC ]
More news stories like this | News stories tagged with: #balance sheet #w h smith


Bustle Digital Group Lays Off Staff of The Outline as Part of Broader Cuts

Bustle Digital Group, owner of a portfolio of digital media properties including Bustle itself, says it laid off two dozen Continue reading at Editor & Publisher

[ Editor & Publisher | 2020-04-03 21:34:37 UTC ]
More news stories like this | News stories tagged with: #digital media


Coronavirus: UNESCO #LearningNeverStops Signs IPA to New Coalition

The 69-nation International Publishers Association joins the #LearningNeverStops coalition led by UNESCO to respond to the education crisis. The post Coronavirus: UNESCO #LearningNeverStops Signs IPA to New Coalition appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2020-04-03 17:16:45 UTC ]
More news stories like this | News stories tagged with: #post coronavirus #publishers association


Coronavirus Worklife: Grada’s ‘Now or Never’ Digital Effort in Prague

As print sales fall, Czech publisher Grada focuses on its digital subscription platform and much-needed tech upgrades to meet the growing demand for digital content. The post Coronavirus Worklife: Grada’s ‘Now or Never’ Digital Effort in Prague appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2020-04-03 13:05:43 UTC ]
More news stories like this | News stories tagged with: #coronavirus worklife #digital effort #growing demand #digital content #print sales


In Mexico, PRHGE Prioritizes Digital as Coronavirus Hits

Penguin Random House Grupo Editorial Mexico has shifted to teleworking and added new digital workflows, and is offering online classes prioritizing the sales of e-books, much for the first time. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-03 04:00:00 UTC ]
More news stories like this | News stories tagged with: #penguin random house


Photographer and author Stuart Goodman dies of coronavirus

The photographer and author Stuart Goodman has died of coronavirus aged 73, it has been confirmed. Continue reading at The Bookseller

[ The Bookseller | 2020-04-02 20:40:02 UTC ]
More news stories like this |


Hay Festival goes digital after cancellation due to coronavirus

Hay Festival will hold its first fully digital edition following the cancellation of this year's main event. Continue reading at The Bookseller

[ The Bookseller | 2020-04-02 08:47:04 UTC ]
More news stories like this | News stories tagged with: #hay festival #main event


Indie publishers face 'existential crisis' after coronavirus lockdown but remain hopeful

Indie publishers face an “existential crisis” during the pandemic lockdown but remain hopeful they can make it to the other side. Continue reading at The Bookseller

[ The Bookseller | 2020-04-02 06:36:44 UTC ]
More news stories like this | News stories tagged with: #existential crisis #coronavirus lockdown #pandemic lockdown


Half Price Books Cuts Workforce By More Than 2,000

Half Price Books has laid off or furloughed 2,146 people, representing 78% of its workforce of 2,752. The company operates 126 stores in 17 states, all of which are closed. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-02 04:00:00 UTC ]
More news stories like this |


Macmillan Lays Off Some Staff, Temporarily Cuts Some Salaries

Macmillan Publishers has laid off an undisclosed number of employees across all divisions, temporarily reduced pay for select employees, and implemented a hiring freeze, effective today. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-02 04:00:00 UTC ]
More news stories like this | News stories tagged with: #macmillan publishers #hiring freeze #effective today #macmillan


GLIBA Director Larry Law's Letter on His Experience Surviving the Coronavirus

Great Lakes Independent Booksellers Association executive director Larry Law opens up in a letter to members about his experience with the new coronavirus as a public service. Law is recovering in quarantine. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-02 04:00:00 UTC ]
More news stories like this | News stories tagged with: #public service #booksellers association


ABA Moves Children’s Institute to 2021

The American Booksellers Association announced that it will postpone Children’s Institute, its annual conference of children’s book publishers, authors, and retailers, until 2021. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-02 04:00:00 UTC ]
More news stories like this | News stories tagged with: #annual conference #book publishers #children’s book #american booksellers association


This app lets you find indie bookstores to support through the coronavirus shutdowns

Save Your Bookstore points you to the best way to get cash to shuttered booksellers near you. As COVID-19 has forced small bookstores to close, many are wondering how they’ll survive—though a surge in support from communities placing online orders is helping. A new app is designed to let you... Continue reading at Fast Company

[ Fast Company | 2020-04-01 14:00:29 UTC ]
More news stories like this | News stories tagged with: #coronavirus shutdowns #bookstore


Comics vs Coronavirus: Followup with Comics Retailers

PW’s annual comics retailer survey was published just as the virus began to disrupt the U.S. comics and book marketplace. However, since the feature was published, the pandemic has hit the country head on, forcing many comics and book retailers to close, at least temporarily. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-01 04:00:00 UTC ]
More news stories like this | News stories tagged with: #comics retailers #book marketplace #book retailers