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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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Bloomsbury Declines In First Half on Lower Adult Trade Sales

Bloomsbury reported weak sales and earnings for the first half of 2014, with revenues down 5 percent (or £2.6 million) to £46.6 million, and pre-tax profit down 26% (or £.6 million) to £1.7 million. The company blamed the comparison to an "exceptional" first half last year on the release of…

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Briefs: Bloomsbury Considered Possible Osprey Buyer; Canongate 2013 Results; and More

On the heels of the Osprey Group selling off Angry Robot, Watkins, and Nourish earlier this month to entrepreneur Etan Ilfeld, the remaining divisions are still potentially up for sale, with Bloomsbury considered to be the most likely buyer, the Bookseller reports. They say the current speculation is that "both Bloomsbury…

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Sales Rise, But So Does the Seasonal Loss At Scholastic

In Scholastic's fiscal first quarter, ending August 31, sales rose $7.5 million, up less than 3 percent at $284 million, but their seasonal loss rose more -- increasing by the same amount, at $53.4 million, and 16 percent higher than the loss a year ago. (The company generally has a…

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Wiley Q1 Results Up, But Trade Book Sales Decline

Wiley reported first quarter 2015 results of $438 million, up 4 percent on an "adjusted" basis. Net income of $33.5 million was up 9 percent on a currency-neutral basis, but virtually flat in real terms. The professional development segment, where Wiley's trade business remains, rose $8 million to $92 million…

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Creative Homeowner Sold to Fox Chapel

After years of declining sales and operating losses, Courier Corporation has finally sold "certain of its Creative Homeowner publishing assets" to Fox Chapel Publishing, including "more than 100 active titles in home design, home improvement, landscaping and gardening." The sale price was not disclosed for now (though likely will be in Courier's…

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Penguin Random House Has Softer Sales (Probably) and Strong Earnings In First Half

Penguin Random House plus the separately-owned Random House Germany together had sales in the first half of 2014 of €1.461 billion, with operating EBITDA of €159 million. (The Santillana trade publishing business was added July 1, after the close of these results.) It is the first time that the combined…

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Second Quarter Sales Up at HMH, Though Trade Performance Softens

Houghton Mifflin Harcourt reported second quarter 2014 sales of $402 million, up 11 percent, though trade sales for the period fell $2 million (or 5 percent) to $37 million, "as the prior year benefitted from strong net sales of backlist titles associated with the theatrical releases of the movies The…

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Quarto Results Fall In "Tough First Half"

Quarto Group reported results for the first half of 2014, with sales down 3 percent to $65.6 million (declining $6.6 million) and operating profit down slightly at $2.77 million (dropping more than $200,000). CEO Marcus Leaver said in the release, "Despite a tough first half we expect the new product and…

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S&S Second Quarter Sales and Profits "Stronger Than Originally Projected"

Simon & Schuster reported sales of $211 million for the second quarter, up 11.6 percent -- a significant improvement compared to the same time a year ago and what parent company CBS said was due to "higher print book sales" by titles such as HARD CHOICES by Hillary Clinton, GOOD…

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