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WATCHMAN and GREY Can't Save Books A Million From Another Tepid Second Quarter

Books-A-Million said sales for the second quarter ending August 1 more or less stayed flat, dipping 0.4 percent to $107.9 million. Same-store sales dropped 0.3 percent, while their net loss of $5.8 million, or 41 cents per share, nearly doubled compared to the $3 million net loss of a year…

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Perseus Builds to Higher Sales

Perseus Books Group ceo David Steinberger dispatched his annual letter to employees after the June 30 close of their fiscal year earlier than usual, noting: "In reflecting back on last year though, the real place to start is August 7th 2014, when we announced the Hachette transaction would not go…

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Quarto Flattens In Quiet Half of Year

Quarto Group reported results for the first half of 2015, with sales increasing slightly (up 1 percent, or $0.6 million) to $66.2 million. Adjusted operating profit fell to $200,000, from $600,000 the prior year, "reflecting an expected shift in seasonality" -- and Quarto records almost two-thirds of their sales in the…

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"Core" Harper Ends Fourth Quarter and Fiscal Year Down Slightly, News Corp. Takes Big Charge on Amplify

News Corp. reported results for their fourth quarter and full fiscal year, ending June 30, on Wednesday after the close of the market. HarperCollins had sales of $390 million, up 8 percent from $361 million a year ago and EBITDA of $33 million in the fourth quarter, flat compared to…

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At HMH, Trade Is Flat As Education Falls On Adoption Cycle

Houghton Mifflin Harcourt reported second quarter sales on Thursday morning, with trade division sales flat at $37 million, supported by continuing strong sales from their culinary line, including the bestselling April release The Whole30. But that unit had lower EBITDA, of just $412,000, compared to $1.94 million a year ago,…

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Simon & Schuster Continues to Profit On Lower Sales

CBS reported second quarter earnings on Wednesday afternoon, with publisher Simon & Schuster registering their fourth straight quarterly decline in sales -- down $12 million, to $199 million -- even as their earnings grew, with OIBDA of $27 million (and operating income of $25 million) compared to $24 million a…

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Indigo Improvement Continues

Canada's Indigo reported first quarter results on Tuesday, with sales rising $4.1 million (CA) to $184.9 million, and a reduced net loss of $9 million, compared to a loss of $14 million a year ago. As in the previous year, "revenue growth was driven by the continued double digit growth of the…

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Lagardere Reports Publishing Declines, Particularly For Hachette US

Lagardere reported first-half of the year results after the close of the market in France on Thursday. Sales at Lagardere Publishing were 547 million euros in the second quarter (up 37 million euros), down 3.4 percent on a like-for-like basis for the quarter but up 7.1 percent in actual results…

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For Now, Profits Rise On Lower Sales for Mondadori's Publishing

As Italy's Mondadori waits on today's board review of their offer to buy the book publishing operations of rival RCS, the company reported results for the first half of 2015. Book division sales of 123 million euros were down 4.3 percent compared to 128.5 million euros a year ago, but…

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Currency Lifts Pearson

Following their big news Thursday on the sale of the FT Group to Nikkei, Pearson reported half-year 2015 results on Friday morning. (Bloomberg gets detailed background on the FT sale process, and says that Nikkei's final bid -- £100 million more than Axel Springer's offer -- topped Pearson's own asking…

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