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Bloomsbury Repositions to Focus on Academic and Professional; Charkin to Step Back In 2017

Bloomsbury is reorganizing itself again (the last time was in 2011), simplifying its structure to Consumer (trade) and Non-Consumer division, while declaring its intention "to become primarily a non-consumer publisher in the B2B academic and professional information market." Driven in part by a new digital publishing plan, the company "aims…

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Lagardere Publishing Down Modestly, As HBG USA Sales Fall 10 Percent

Lagardere reported first quarter earnings, with publishing sales of €415 million down €6 million or 1.4 percent (and declining 2.1 percent on a like-for-like basis). The results include a €5 million contribution from the acquisition of Rising Stars in the UK a year ago. (The Perseus acquisition did not close until April 1 and will…

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TV, Services and Education Lift First Quarter Bertelsmann Results

Bertelsmann issued a brief first quarter performance update, with sales rising less than one percent to €3.95 billion, as group profit rose, up €42 million to €185 million. The credit goes to RTL Group's European broadcasting and international TV production businesses, Arvato's services businesses, and Relias' education business (with an assist from…

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Sales Fall 11 Percent At HarperCollins

News Corporation reported fiscal third quarter earnings after the close of the market on Thursday, with sales falling $44 million at HarperCollins, down 11 percent to $358 million for the period. The impact on EBITDA was sharper, at $36 million, down $20 million from a year ago. The company blamed "lower revenues…

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Trade Falls at HMH In First Quarter

Houghton Mifflin Harcourt reported first quarter sales, with revenues of $206 million, up from $163 million a year ago, primarily on the addition of Scholastic's EdTech business. The seasonal net loss of $165 million was $5 million (or 3 percent) higher than a year ago. In education, there was a "decline…

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A Flat Quarter for Simon & Schuster

Simon & Schuster's parent company CBS reported first quarter results after the close of the market on Tuesday, with the publisher reporting flat sales of $145 million, as operating income was up $1 million to $13 million, "primarily reflecting lower production and selling costs" and driven by "operating efficiencies." While sales…

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Corporate: Pearson Has Expected Q1 Decline, As CBS Considers Buyout of Redstone Shares

Pearson issued a first quarter "trading update" in connection with their annual meeting. As expected, results were weak, with overall sales down 6 percent, "in line with expectations." They say Penguin Random House "had a solid first-quarter performance with a strong bestseller performance and net integration benefits partly offset by…

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Trade Gains Lift Scholastic's Sales, on Narrower Seasonal Loss

Scholastic reported fiscal third quarter results on Thursday, with sales up $19.5 million to $366 million, as losses from continuing operations were cut by over half to 21 cents a share, compared to 48 cents a share a year ago. The operating loss of $16.4 million was also well below last year's…

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Penguin Random House Sales Rise On Currency Boost

Bertelsmann reported 2015 sales on Tuesday morning, with headline results for Penguin Random House showing sales of €3.717 billion -- up 393 million -- and operating ebitda of €557 million, up €105 million. (Note that we mentioned throughout 2015 that the rising dollar alone could lift PRH's sales by €350…

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Quarto's Sales Rise On Acquisition, As Chadwick Will Exit Board

Quarto reported sales of $182 million for 2015, up $11 million over the previous year, with operating profit of $16 million just above flat. Sales were lifted by the acquisition of Ivy Press early in 2015, which added $8 million in sales. (Quarto paid $1.9 million for Ivy Press in…

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