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 ]
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Trouble with Book Fairs Prompts Scholastic to Lower Financial Forecast for Fiscal 2024

CEO Peter Warwick attributed lower than expected second quarter results to a “complex” school environment characterized by “growing polarization in U.S. society and politicized schools and school boards.” Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-12-15 05:00:00 UTC ]
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New PEN America Report Documents 'Scarlet Letter' Effect of Book Bans

PEN America has released "a cumulative data summary" of nearly 6,000 book bans in public schools, finding that shared lists of targeted books by organized political groups have led to books and authors being targeted in multiple communities across the country. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-12-14 05:00:00 UTC ]
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Year End: Cambridge University Press Reports Record £1 Billion in Revenue

England's merged Cambridge University Press & and Assessment reports record revenues and numbers of users in 2022-2023. The post Year End: Cambridge University Press Reports Record £1 Billion in Revenue appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2023-12-12 20:15:01 UTC ]
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Books That Travel: A Report From the 2023 Nairobi International Book Fair

All photos courtesy of e-Kitabu. In 1993, I was a teenager, volunteering to work with street children in Kibera, the largest “slum” on the continent of Africa. I held babies, played hokey-pokey and Swahili versions of patty cake with grade-school kids, fielded requests for money by street... Continue reading at Literrary Hub

[ Literrary Hub | 2023-12-04 09:48:58 UTC ]
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After Outcry, Scholastic Lays the Groundwork for Its Spring Book Fairs

Books once included in Scholastic's optional Share Every Story, Celebrate Every Voice collection, along with additional books with inclusive content, will become part of regular book fair shipments next year. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-12-04 05:00:00 UTC ]
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Scholastic Union Reaches Tentative New Contract Agreement

Unionized magazine employees at Scholastic have reached a tentative agreement with management, establishing a $65,000 salary floor, general wage increases, ratification bonuses, and more. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-12-01 05:00:00 UTC ]
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What Is SkyTree Book Fairs? A “New” Scholastic Competitor

What is SkyTree Book Fairs? The new book fair attempting to take the place of Scholastic in schools–but it's not what you think. Continue reading at Book Riot

[ Book Riot | 2023-11-27 17:16:53 UTC ]
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Amazon's Kindle Paperwhite drops to $120 for Black Friday

Ereaders like the Kindle Paperwhite make great gifts — especially when they're on sale. The Paperwhite adds a few perks over the standard Kindle, including a warm backlight, a waterproof build and a larger screen. As part of Amazon's Black Friday sale, it's now $20 off... Continue reading at Engadget

[ Engadget | 2023-11-23 15:00:04 UTC ]
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Indigo Books & Music Sales Dropped 12% in Q2

Blaming inflation and customer price sensitivity, Indigo Books & Music, Canada's leading book retailer, saw a 12.4% decline in sales for the second quarter ending September 30. Sales fell both at physical stores and online. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-11-09 05:00:00 UTC ]
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The 'Wall Street Journal' Drops Its Bestseller Lists

With this past weekend's edition, the 'Journal' has ended running weekly bestseller lists. The paper had carried a total of seven lists. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-11-07 05:00:00 UTC ]
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Penguin Random House Issues a First Diversity Report

PRH's Nihar Malaviya talks of 'an environment where all employees are empowered to grow, succeed, and speak up,' in the US division's first DEI report. The post Penguin Random House Issues a First Diversity Report appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2023-11-04 00:09:33 UTC ]
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NEA Finds Worrying Drop in Reading Participation

New study finds less than half of adult Americans read a book for pleasure last year. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-11-03 04:00:00 UTC ]
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S&S Results Drop in Q3, But Jon Karp Is Revved Up About the Future

After a long run of record financial results, sales at Simon & Schuster fell 13%, and operating income dropped 35.5%, in the third quarter ended September 30, 2023. Nonetheless, CEO Jonathan Karp is excited about prospects for both the holiday season and life after Paramount Global. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-11-03 04:00:00 UTC ]
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ALA Report Looks at Millennial, Gen Z Library Usage, Media Habits

The report, based on a “nationally representative” 2022 survey of some 2,075 Gen Z and Millennials, presents one of the most in-depth looks at how growing up in an increasingly digital environment has shaped the reading and media consumption behavior of younger Americans. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-11-02 04:00:00 UTC ]
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Deep Drop in Fiction Led a 3.2% Decline in Weekly Print Book Sales

Unit sales of print books fell 3.2% last week at outlets that report to Circana BookScan. The performance wasn’t a bad one—it was just unable to match the same period last year, when 'It Starts with Us' by Colleen Hoover sold more than 810,000 copies in its first week on sale. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-10-26 04:00:00 UTC ]
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Scholastic Says They’ll Walk Back Their Separate Diversity Collection for Book Fairs

Scholastic Book Fairs will no longer offer a separate diverse voices book case. But they still fail to address many questions. Continue reading at Book Riot

[ Book Riot | 2023-10-25 14:12:58 UTC ]
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Scholastic walks back controversial segregated collection of diverse titles

With debates over book bans growing more contentious, the education publishing company tried to find a happy medium that may not exist. Across the nation, it’s time for the Scholastic Book Fair. The beloved and nostalgia-triggering event, where kids go and pick out an armful of books to take... Continue reading at Fast Company

[ Fast Company | 2023-10-25 13:50:00 UTC ]
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Scholastic Book Fair Will Discontinue Separate Collection Of Race And Gender Books

The publisher had said it would segregate books with themes on race and gender at school fairs in order to navigate a rash of bans across the country. Continue reading at HuffPost

[ HuffPost | 2023-10-25 04:04:33 UTC ]
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Scholastic Apologizes, Will End Controversial Book Fair Offering

After a public outcry, Scholastic this week said it will discontinue its optional diverse stories collection and pledged to "redouble" its efforts to "combat the laws restricting children’s access to books." Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-10-25 04:00:00 UTC ]
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Scholastic to separate books on race, gender and sexuality for book fairs

Children’s book publisher will allow US districts to include or exclude separate list, a decision that has led to a backlashThe children’s book publisher Scholastic said it will separate titles in its elementary school book fairs by race, gender and sexuality, allowing school districts to... Continue reading at The Guardian

[ The Guardian | 2023-10-18 15:10:12 UTC ]
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