Scholastic reports operating income drop of 55%

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 ]
News tagged with: #operating income #2% increase #scholastic

Other Publishing stories related to: 'Scholastic reports operating income drop of 55% '


Meredith Is Latest Presenter to Drop Out of Postponed NewFronts Week

Yet another company has pulled out of June's postponed Digital Content NewFronts. Meredith, the magazine publisher with publications that include People, Better Homes & Gardens and Allrecipes, will not court advertisers with a NewFronts presentation this year due to the "current climate,"... Continue reading at AdWeek

[ AdWeek | 2020-04-14 17:34:21 UTC ]
More news stories like this | News stories tagged with: #include people #homes gardens #newfronts presentation #year due #current climate #magazine publisher #digital content


Indie Bookstores Report Problems with GoFundMe Disbursements

Several indie bookstores that launched GoFundMe campaigns in March are reporting that the funds raised on that platform are not being disbursed to them as promised, despite repeated inquiries. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-13 04:00:00 UTC ]
More news stories like this | News stories tagged with: #indie bookstores #funds raised


RELX reports 'significant impact' to exhibitions business owing to coronavirus

RELX, whose Reed Exhibitions business organises the London Book Fair and BookExpo, has published a trading statement revealing exhibitions are being "impacted significantly" by the coronavirus outbreak, making the group's outlook for the year as a whole "highly uncertain". Continue reading at The Bookseller

[ The Bookseller | 2020-04-08 07:29:50 UTC ]
More news stories like this | News stories tagged with: #coronavirus outbreak #significant impact #london book fair #relx


ABC backs its reporting on George Pell after Andrew Bolt accuses it of a witch-hunt

News Corp columnists and other Pell supporters say the national broadcaster conducted a ‘crusade’ against the cardinalThe ABC has backed its journalists and its reporting on George Pell after the cardinal’s release from jail prompted a spate of attacks on the national broadcaster by Pell... Continue reading at The Guardian

[ The Guardian | 2020-04-07 17:30:02 UTC ]
More news stories like this | News stories tagged with: #national broadcaster #high court #news corp


Need a new quarantine read? Don Winslow drops 'Broken,' stories for our fractured times

The bestselling crime novelist plans a virtual book tour for his new title, "Broken," as the coronavirus keeps him home in Southern California. Continue reading at Los Angeles Times

[ Los Angeles Times | 2020-04-07 15:00:38 UTC ]
More news stories like this | News stories tagged with: #southern california #book tour


Scholastic and Nosy Crow release coronavirus related titles for children

Scholastic has acquired Matt Carr's Now Wash Your Hands! while Nosy Crow has published a free information book explaining coronavirus to children, illustrated by Axel Scheffler. Continue reading at The Bookseller

[ The Bookseller | 2020-04-06 15:53:14 UTC ]
More news stories like this | News stories tagged with: #axel scheffler #scholastic


Pan Mac announces pay reductions and distribution staff furloughed as sales drop over Covid-19

Higher paid staff at Pan Macmillan have been asked to volunteer for a pay reduction and employees at its distribution arm will be furloughed as the publisher unveiled measures to help “safeguard” its business during the Covid-19 pandemic. Continue reading at The Bookseller

[ The Bookseller | 2020-04-03 10:15:37 UTC ]
More news stories like this | News stories tagged with: #covid-19 pandemic #sales drop #distribution arm #pan macmillan


Print Unit Sales Dropped 13.5% in Mid-March

Steep drops in both adult segments led to a 13.5% decline in print unit sales in the week ended Mar. 28, 2020, compared to the similar week in 2019, at outlets the report to NPD BookScan. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-03 04:00:00 UTC ]
More news stories like this | News stories tagged with: #5% decline


Oprah’s Book Club dropped her novel. It still became a best seller.

Kate Elizabeth Russell’s publication experience has been the best of times and the worst of times. Here’s why. Continue reading at The New York Times

[ The New York Times | 2020-04-02 09:00:01 UTC ]
More news stories like this | News stories tagged with: #book club


Quad Closes Book Printing Operations

The loss of printing capacity is one of the many concerns publishers are facing because of the new coronavirus outbreak—and the business was dealt an unhappy surprise last week when Quad unexpectedly closed its book printing facilities. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-03-31 04:00:00 UTC ]
More news stories like this | News stories tagged with: #printing capacity


Scholastic Starts Temporary Staffing Reductions

The publisher is looking to reduce labor costs by temporarily closing some distribution centers and implementing measures including a combination of furloughs, shortened work weeks, and voluntary unpaid leave. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-03-25 04:00:00 UTC ]
More news stories like this | News stories tagged with: #temporarily closing


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... Continue reading at The Bookseller

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


Scholastic creates Hunger Games prequel campaign for coronavirus-hit indies

Scholastic UK has created a pre-order campaign for Suzanne Collins' Hunger Games prequel that it says could drive trade to indie bookshops during the coronavirus outbreak. Continue reading at The Bookseller

[ The Bookseller | 2020-03-19 08:56:22 UTC ]
More news stories like this | News stories tagged with: #scholastic uk #pre-order campaign #suzanne collins #indie bookshops #coronavirus outbreak #scholastic


Virus Will Lower Scholastic's Q4 Results

The widespread school closings caused by the new coronavirus will mean disruptions to Scholastic's book fair, book club, and educational businesses in the quarter ended May 31, company chairman Dick Robinson reported. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-03-19 04:00:00 UTC ]
More news stories like this | News stories tagged with: #book fair #book club #quarter ended


Micropublisher 3 of Cups proposes initiative to help out writers with coronavirus-hit incomes

Indie micropublisher and not-for-profit 3 of Cups has announced a new initiative to help writers and artists who might have reduced incomes during the coronavirus outbreak.  Continue reading at The Bookseller

[ The Bookseller | 2020-03-18 18:37:25 UTC ]
More news stories like this |


Coronavirus live updates: Hachette reports increased book orders from China

Hachette UK c.e.o. David Shelley says the firm has seen an increase in book orders from China once again after "several months of very low orders" as a result of the coronavirus outbreak. Continue reading at The Bookseller

[ The Bookseller | 2020-03-18 16:34:39 UTC ]
More news stories like this | News stories tagged with: #hachette uk #david shelley #coronavirus outbreak #hachette


Macmillan drops controversial US e-book library policy

Macmillan has abandoned its controversial lending policy on e-books for US libraries in the wake of the coronavirus crisis. Continue reading at The Bookseller

[ The Bookseller | 2020-03-18 05:44:27 UTC ]
More news stories like this | News stories tagged with: #coronavirus crisis #libraries #macmillan #e-book


Friday Fund Day: Drop Some Dollars and Help Some Classrooms

Help build the libraries of schools around the country by donating a few bucks to these DonorsChoose projects. Continue reading at Book Riot

[ Book Riot | 2020-03-13 10:40:37 UTC ]
More news stories like this | News stories tagged with: #libraries


Egmont group reports 'good year' but prepares for 'challenging' 2020

Scandinavian media group Egmont has reported a "good year" in its latest financial results with a record revenue of €1.7bn in 2019, but has warned 2020 is expected to be a "challenging year" due to the coronavirus outbreak.  Continue reading at The Bookseller

[ The Bookseller | 2020-03-13 10:30:18 UTC ]
More news stories like this | News stories tagged with: #challenging year #good year #coronavirus outbreak #egmont


NEA Says 55% of Americans Are Readers

A new report from the National Endowment for the Arts tracking American reading habits in 2017 revealed that more than half of all U.S. adults, 55%, or 132 million people, did some form of book-reading. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-03-13 04:00:00 UTC ]
More news stories like this | News stories tagged with: #national endowment