Publishers Lunch is the industry's "daily essential read," now shared with more than 40,000 publishing people every day. Each report gathers together stories from all over the web and print of interest to the professional trade book community, along with original reporting, plus a little perspective and the occasional wisecrack added in.

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Simon & Schuster Sustains Profit Growth, On Lower Sales

Simon & Schuster's parent company CBS reported second quarter sales after the close of the market on Thursday, with publishing revenues falling 6 percent to $187 million (down from $199 million a year ago). But operating income grew by $1 million, up to $26 million, "as the revenue decline was…

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A Good Quarter for Amazon, With Media Sales Growing

Amazon reported second quarter results, with North American media sales of $2.928 billion up 12 percent (from $2.62 billion a year ago), as international media sales rose 9 percent $2.283 billion (from $2.094 billion a year ago). That's a total of $765 million lower than competitor Apple's just reported second-quarter…

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Lagardere Publishing Is Just Above Flat, Even with Perseus Sales

Lagardere reported results for the first half of the year on Thursday afternoon, with the book publishing group just above flat, recording sales of  €970 million (up €2 million) and flat EBIT at a relatively low €36 million for the period, even with the addition of the Perseus imprints. Acquired on…

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Briefs: Emeritus Pope Benedict's 'Last Testament'; Rakuten Takes Minority Stake in getAbstract; and More

Forthcoming Bloomsbury will publish Emeritus Pope Benedict's Last Testament worldwide in November, in which the retired pope will formally break his silence after being the first Pope to resign from his position in 750 years. Bloomsbury says Pope Benedict will address "controversies and reveals how at his late age, governing…

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People, Etc.

At Macmillan, Nora Flaherty has been promoted to the expanded role of vp, client publisher sales and distribution. She will oversee the entire third-party distribution area including sales, operations, business development and distribution. Diana Gill will join Tor/Forge as executive editor. Previously she was executive editor at Berkley's Ace and Roc imprints. Amy…

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People

At Macmillan, Holly Ruck has been promoted to international sales manager, focusing on the open market. Tara Shanahan has joined HMH Children's as senior publicity manager; she was previously at Penguin Children's. Alex Hedley will take over as New Zealand publisher for HarperCollins, filling the role vacated by Finlay Macdonald. Hedley has been…

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Booker Prize Longlist Ranges from Veteran Coetzee to NBCC Winner Beatty

The longlist for the Booker Prize was announced Wednesday morning, and as last year, the list includes titles by five American authors: NBCC winner The Sellout by Paul Beatty (FSG/Oneworld), Hystopia by David Means (FSG/Faber), Eileen by Otessa Moshfegh (Penguin Press/Jonathan Cape), Work Like Any Other by Virginia Reeves (Scribner/Scribner…

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Apple Beats Low Expectations

Apple reported fiscal third quarter results on Tuesday afternoon, posting sales of $42.4 billion and earnings of $7.8 billion. While well below the comparable results from a year ago, investors were expecting a softer quarter; by slightly outperforming analysts' estimates, Apple's stock was up by close to 7 percent in after-hours…

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Hachette Reorganizes Sales Following Perseus Purchase

Hachette Book Group announced a reorganization of their sales department internally this week, following the Perseus acquisition but also influenced by "recent major changes in the retail/wholesale landscape." The company said the "changes will allow us to sell HBG's wide range of excellent books in the most effective ways, across the…

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Announcements: PRH Pairs with InstaFreebie, Amazon Gets Permission to Test Drone Functions In UK

The Random House Publishing Group has joined HarperCollins in working with InstaFreebie to promote pre-publication book excerpts. (Harper acquired The Midlist, a deals email newsletter run by InstaFreebie's parent company, last October.) InstaFreebie currently reaches approximately 300,000 consumers and delivers excerpts via email, providing optional social DRM -- which RHPG is using…

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