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% '


'Solid' first half for Scholastic

Scholastic has reported second quarter revenue for the three months to 30th November of $604.7m, up 1% year on year ($598.3m in the second quarter of the prior fiscal year). Continue reading at The Bookseller

[ The Bookseller | 2018-12-21 00:00:00 UTC ]
More news stories like this | News stories tagged with: #quarter revenue #30th november #1% year


Unit Sales Dropped 6.5% in Mid-December

The publishing industry does not look like it is headed for a big finish to 2018. In the week ended Dec. 15, 2018, unit sales of print books fell 6.5% compared to the similar week in 2017 at outlets that report to NPD BookScan. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-12-21 00:00:00 UTC ]
More news stories like this | News stories tagged with: #publishing industry #5% compared


Teicher Reports on Another Good Year for Indies

In a year-end holiday letter ABA CEO Oren Teicher thanked publishers for reducing the cost of goods, enabling bookstores to be more profitable. He also said sales were up 5% for the year over 2017. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-12-21 00:00:00 UTC ]
More news stories like this | News stories tagged with: #good year


Scholastic Trade Sales Rose 16% in Q2

Revenue in Scholastic's trade division increased 16% in the second quarter ended November 30, 2018, over the comparable period a year ago. For the entire company, revenue in the quarter rose 1% over last fiscal year’s second quarter and net income jumped 25.4%. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-12-20 00:00:00 UTC ]
More news stories like this | News stories tagged with: #entire company #fiscal year


Amazon takes on textbook counterfeiting in 'sting operation'

Amazon is tackling sales of counterfeit textbooks on its US site after suspending the accounts of booksellers allegedly selling counterfeit books in a major online sting. Continue reading at The Bookseller

[ The Bookseller | 2018-12-18 00:00:00 UTC ]
More news stories like this | News stories tagged with: #amazon takes


Soft Kids, Adult Fiction Sales Drop Units 0.8% in Early December

Declines in adult fiction and juvenile fiction and nonfiction offset a 7.6% increase in adult nonfiction sales, resulting in a 0.8% drop in unit sales of print books for the week ended Dec. 8, 2018, compared to the similar week last year at outlets the report to NPD BookScan. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-12-14 00:00:00 UTC ]
More news stories like this | News stories tagged with: #early december #adult fiction #juvenile fiction #6% increase #8% drop #print books


Aldus Network’s Facts and Figures 2018 Report: Book Fairs in Europe

The range of purpose, positioning, and public access comes into focus for 16 leading annual book fairs and trade shows of Europe in Aldus' third report on its network. The post Aldus Network’s Facts and Figures 2018 Report: Book Fairs in Europe appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2018-12-13 00:00:00 UTC ]
More news stories like this | News stories tagged with: #aldus network #europe appeared #book fairs #public access #trade shows


AAP StatShot Monthly Report for October: A Rare Rise for Ebooks

For a second time in two years, the Association of American Publishers cites a rise in ebook revenues, as downloaded audio charges ahead as the main gainer. The post AAP StatShot Monthly Report for October: A Rare Rise for Ebooks appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2018-12-08 00:00:00 UTC ]
More news stories like this | News stories tagged with: #ebooks appeared #ebook revenues


Pavilion's turnover drops £2m following colouring books 'blip'

Pavilion Books’ turnover plummeted by £2m last year due to the waning of the colouring books trend, accounts recently filed at Companies House have revealed. Continue reading at The Bookseller

[ The Bookseller | 2018-12-07 00:00:00 UTC ]
More news stories like this | News stories tagged with: #pavilion books #colouring books #year due #companies house


Ingram and B&T tightlipped on acquisition reports

US-based Ingram Content Group has reportedly taken steps on offering to buy the retail wholesaling operation of competitor Baker & Taylor, prompting an investigation by the Federal Trade Commission. Continue reading at The Bookseller

[ The Bookseller | 2018-12-06 00:00:00 UTC ]
More news stories like this |


James Patterson and Scholastic announce winners of Big Book Giveaway

Author James Patterson and Scholastic UK Book Clubs, part of Scholastic UK, have announced the list of 100 schools which are the winners of this year’s Big Book Giveaway. Continue reading at The Bookseller

[ The Bookseller | 2018-11-21 00:00:00 UTC ]
More news stories like this | News stories tagged with: #james patterson #scholastic uk


Unit Sales Dropped 5.3% in Early November

Unit sales of print books fell 5.3% in the week ended Nov. 10, 2018, compared to the similar week in 2017, at outlets that report to NPD BookScan. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-11-16 00:00:00 UTC ]
More news stories like this | News stories tagged with: #early november


Russia Textbook Piracy Is In the News: 160,000 Copies Reported Seized

New reporting in the Russian news media say that the educational sector's large runs and distribution to the provinces help make textbooks attractive to organized crime. The post Russia Textbook Piracy Is In the News: 160,000 Copies Reported Seized appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2018-11-13 00:00:00 UTC ]
More news stories like this | News stories tagged with: #educational sector


Scholastic pairs McMillan and Kinnaird for Bum title

Scholastic UK has acquired UK and Irish rights to I Need a New Bum, written by Dawn McMillan and illustrated by Ross Kinnaird.  Continue reading at The Bookseller

[ The Bookseller | 2018-11-10 00:00:00 UTC ]
More news stories like this | News stories tagged with: #scholastic uk #acquired uk #irish rights


Bertelsmann reports highest nine-month group sales since 2007

Penguin Random House's parent company Bertelsmann has reported its highest nine-month group sales since 2007, with a 2.4% rise in revenue year-on-year to €12.4bn. Continue reading at The Bookseller

[ The Bookseller | 2018-11-09 00:00:00 UTC ]
More news stories like this | News stories tagged with: #4% rise


Defy Media ceases all operations following earlier struggles

After stiffing publishers on money owed from its programmatic business, Defy Media, which operates popular YouTube brands such as Smosh and Clevver, shut down Tuesday.It's unclear exactly what prompted its closure, but the digital media company had been dealing with money problems. Back in June,... Continue reading at Advertising Age

[ Advertising Age | 2018-11-07 00:00:00 UTC ]
More news stories like this | News stories tagged with: #money owed


Report: Diversity in children’s books is even worse than you think

This 11-year old girl demands more diversity for children’s books, which are overwhelmingly about “white boys and their dogs.” The lessons of Fenty Beauty and Black Panther have not yet trickled down to the world of children’s books. Apparently, the publishing industry has not yet realized that... Continue reading at Fast Company

[ Fast Company | 2018-10-24 00:00:00 UTC ]
More news stories like this | News stories tagged with: #white boys #black panther #publishing industry


Strong economic case for taking VAT off digital publications, report finds

A report conducted by consultancy Frontier Economics has found a "strong" economic case for taking VAT off digital publications in the UK, as permitted under newly agreed European Union rules. Continue reading at The Bookseller

[ The Bookseller | 2018-10-21 00:00:00 UTC ]
More news stories like this | News stories tagged with: #digital publications #report finds


Sales of dropped Man Booker longlistees outstrip finalists

Sales of the Man Booker Prize titles dropped at the longlist stage have signfiicantly outsold its shortlist, according to Nielsen Bookscan, with Belinda Bauer's Snap (Bantam) shifting almost three times the total of the entire shortlist's sales. Continue reading at The Bookseller

[ The Bookseller | 2018-10-17 00:00:00 UTC ]
More news stories like this | News stories tagged with: #longlist stage #nielsen bookscan #belinda bauer


AAP Reports August Revenue Up for Trade Publishers in the US

Once again, digital audio sales show robust gains, with ebook sales largely holding steady in August. Adult sales in the US market show a rise of $22.7 million, with children's and YA also moving upward. The post AAP Reports August Revenue Up for Trade Publishers in the US appeared first on... Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2018-10-17 00:00:00 UTC ]
More news stories like this | News stories tagged with: #trade publishers #adult sales