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Amazon Has Slow Media Growth, But Slight Earnings Improvement Drives Stock

The sometimes inexplicable world of Amazon performance metrics continues. The company reported fourth quarter sales on Thursday after the close of the market, with relatively modest growth -- up 15 percent to $29.33 billion, below analysts' expectations of $29.7 billion. But their meager net income of seven-tenths of one percent…

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Apple Beats Strong Expectations with Record First Quarter Results

Apple reported first quarter earnings on Tuesday afternoon after the close of the market, facing expectations for another strong quarter of revenues and iPhone sales following the release of the iPhone 6 models. They exceeded those expectations with record results, as sales rose 30 percent to $74.6 billion (yielding profit of…

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Pearson Sees Profit Rising in 2015; WH Smith High Street Sales Continue Falling

In a short trading update, Pearson told investors that 2014 results should be in line with their previous guidance, yielding earnings per share of approximately £720m (of 66 pence a share). Their preliminary forecast for 2015 has earnings rising to between 75 and 80 pence per share. Chief executive John Fallon…

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People, Etc.

At Putnam, Ashley Hewlett has been promoted to senior publicist while Sarah Grimm moves up to associate publicist. Following the sales of Santillana's trade book business to Penguin Random House, Maria B. Campbell Associates is now the US literary scout for all of the company's Spanish-language (and Portuguese-language) book divisions: Penguin Random House…

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Whatever Is Happening with Tablet and eReader Sales, Apple's App Store Had Record New Year's

There are a variety of indications that sales of dedicated ereading devices as well as tablets (or at least non-Apple tablets) were weak over the holiday period -- perhaps because those who want them already have them, and the devices are all solid enough that they do not require continuous…

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Barnes & Noble Happily Flat for Holiday Sales

Barnes & Noble reported a not-terrible nine-week holiday sales period: Total sales at the division comprising the BN stores and BN.com were basically flat at $1.1 billion (up 0.2 percent), though that result was helped by "favorable timing of the fiscal nine-week period, which ended on January 3 this year as…

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UK Booksellers Report Good Holiday Sales (And Low Kindle eReader Sales)

Two UK bookstore chains reported encouraging holiday sales. Waterstones says print book sales were up 5 percent in December, and Foyles said same-store book sales were up 11 percent for the holiday. With 290 stores, Waterstones now expects to open a dozen or more new stores during 2015. Both booksellers…

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Briefs

Following Macmillan ceo John Sargent's indication that they will, with some reluctance, "test subscription in the coming weeks," Oyster announced that their collection now includes over 1,000 titles published by Bloomsbury. Harper UK has disclosed their annual results for the fiscal year ending June 30, 2014. Sales fell to £179 million, down…

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School Book Clubs Help Lift Second Quarter Sales At Scholastic

Scholastic reported second quarter sales of $666 million, up 7 percent (or $43 million) from a year ago, "largely driven by strong sales in children's books, especially in the company's school-based distribution channels, and continued growth in classroom books and magazines." All of the growth and more came from the…

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Sales Drop 18 Percent at Faber In "Tough" Market for UK Indies

2013 was a rough year for many UK independents, leading to the sale of Quercus to Little Brown UK, the reorganization of Atlantic Books (with Allen and Unwin taking a majority stake) and the sale of some of Osprey Publishing's lines, to cite a few examples. Similarly, Faber and Faber…

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