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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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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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Wiley Gains, Even As Book Sales Fall

Wiley announced second quarter results Tuesday morning, with sales of $477 million up $28 million from a year ago, a 6 percent gain. Adjusted earnings per share grew more, up 8 percent, to $54 million, or 90 cents a share. Book sales declined across their major segments, however. In the…

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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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