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Pottermore Reports Another Big Loss, Still Promising Turnaround

A year ago JK Rowling's representatives were insisting the worst was behind them after reporting a significant annual loss for Pottermore, citing "recording breaking sales in December 2015" -- and now the turnaround story is being pitched again. They are "on the path to profitability" for the fiscal year ending…

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Potter and Education Lift Lagardere Publishing

Lagardere reported third quarter results, with the publishing division reporting "a strong quarter with double-digit growth," based on a few gifts: They gained from publishing the Harry Potter play script in the UK and export territories, and from "the effects of curricular reform in France," plus the unit continued to…

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A Mixed Quarter for Harper, As Profits Rebound On Declining Sales

HarperCollins' parent company News Corp. reported fiscal first quarter results on Monday after the close of the market, with mixed results for the book publishing unit. Sales of $389 million were down $20 million from the first quarter a year ago -- blamed on the "the absence of revenues from…

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Springsteen Helps S&S To a Strong Third Quarter

Simon & Schuster's parent company CBS reported third quarter sales after the close of the market on Thursday, with book publishing revenues rising 11 percent to $226 million from $203 million a year ago, good enough to turn sales positive for the year-to-date. Operating income also grew modestly, by $1…

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Houghton Slashes Expectations Again After Poor Quarter; Stock Falls Sharply

After a job-ending $40 million reduction in expectations for former ceo Linda Zecher followed by a warning from the board that things might be even worse, those ominous signals ("Considering the importance of the third quarter, HMH plans to provide a further update on its expected financial performance for the full…

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Potter Lifts Bloomsbury Sales Again, Though Profit Declines

Bloomsbury reported results for the first half of their fiscal year, ending August 31, with sales rising £10 million to £62.7 million, though adjusted profit fell to £1.5 million down £.5 million), blamed on the ending of their contract for publishing services with the Qatar Foundation. As in the previous fiscal year, Harry Potter…

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Another Disappointing Update from Pearson Sends Shares Down Further

Pearson's third quarter trading update surprised investors who thought they had become accustomed to the education giant's postponed recovery. The statement reads politely, "Pearson is reiterating its 2016 guidance and its 2018 goals are unchanged," but the numbers have sales for the first three quarters of the year down  7…

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Potter Play Drives Scholastic Gain

Scholastic reported sales for their fiscal first quarter, ending August 31, with the release of Harry Potter and the Cursed Child driving sales up to $283 million, compared to $191 million a year ago. Their traditional seasonal loss (since school was not in session) only declined modestly on the big…

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Declining Book Sales Still Weigh on Wiley

John Wiley reported sales for their fiscal first quarter, with still-falling book sales and foreign exchange (since they have substantial sales in the UK) pulling down results. Sales of $404 million fell 4 percent, and net income of net income of $30.4 million was down 12 percent. Book sales continue to decline across…

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The First Half of the Year: An Overview

With Bertelsmann's half-year report from this morning, we now have all of the major public reporting for trade publishing companies for the first six months of the year (even though the AAP has not gotten past February so far). Below is a summary view, though for nearly every company we…

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