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FastPencil Weighs on Courier's Results

Courier Corporation reported fiscal fourth quarter sales of $84 million, just above flat, with income from continuing operations of $7.2 million (up $400,000). Publishing sales were $9 million for the period, down 4 percent, with operating income of $391,000. For the full year, those publishing segment sales were $33.4 million,…

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Hachette US Book Sales Were Down 18.5 Percent In the Third Quarter

Third quarter sales at Lagardere Publishing were €564 million, down €16 million from the same period a year ago. (That's a numerical decline of 2.9 percent, though they company said on a like-for-like basis results were actually down 5.9 percent.) Currency exchange added €6 million. After a surprisingly positive first half,…

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Bertelsmann Sales Are Flat In Third Quarter, As Asset Changes Weigh On Profits

Bertelsmann issued a brief third quarter trading report (in the European style), indicating that sales for the first nine months of the year rose 4.3 percent to €11.82 billion -- "their highest level in seven years" -- but profits have declined sharply, due in large part to recent rearrangements of their portfolio of…

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Houghton Reduces Sales Forecast, But Cites Strong Future Billings and Digital Adoption

Houghton Mifflin Harcourt reported third quarter earnings on Thursday morning, with sales just above flat at $551 million, and net income also just above flat at $107 million. In trade, sales of just above $46 million "increased slightly" compared to a year ago, "reflecting strong tie-in book sales following the…

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Harper's Sales Rebound and Profits Increase Further

HarperCollins reported sales for their fiscal first quarter, ending September 30, with two months worth of Harlequin incorporated -- lifting revenues for the period to $406 million (compared to a low $328 million a year ago) and boosting EBITDA to $55 million (compared to $43 million a year ago). On…

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Simon & Schuster Maintains Strong Profits, Even On Weak Third Quarter Sales

Sales at Simon & Schuster fell noticeably in the third quarter (ending September 30), down $25 million to $199 million. Profits remained strong, however, equal to the record earnings this time a year ago, with OIBDA of $43 million, "as lower inventory and selling costs offset the revenue decline." (Sales were…

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Corporate: Harlequin Sale Gives Cash Influx to Torstar; Second Consecutive Quarterly Increase for Indigo

Harlequin's former parent company Torstar announced third quarter results on Wednesday morning, and as previously indicated, Torstar booked a gain of approximately $225 million (CA) on the $455 million sale of Harlequin to HarperCollins, which closed on August 1. President and ceo David Holland said in a statement the company…

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People

At Little, Brown Children's, Alvina Ling has been promoted to vp, editor-in-chief, overseeing the publishing program (excluding licensing). Pam Gruber moves up to senior editor; and Allison Moore is now associate editor. Jennifer McClelland-Smith will join group as marketing coordinator on November 10. She was most recently an administrative assistant temp for HBG's international sales department. Morgan Doremus…

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Pearson "On Track," and PRH "Performed Well"

Pearson released a brief third quarter trading update (free of actual numbers, in the European style), showing sales for the first nine months up 1 percent at constant exchange rates and flat on an underlying basis, while declining on real terms because the pound was strong against the dollar earlier…

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Amazon Misses Wall Street's Expectations On Bigger Loss; Shares Decline

Amazon announced third quarter sales after the close of the market on Thursday afternoon, missing analysts' expectations on both sales and earnings and disappointing on guidance for the next quarter as well. The stock dropped sharply in after-market trading Thursday, down over 11 percent (or $35 a share), though in regular…

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