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Bezos's Annual Letter Includes Celebration of Kindle, Amazon Publishing and Audible

This year's annual letter to shareholders from Amazon ceo Jeff Bezos provides a tour of a "small subset of...initiatives" at the company. "Readers & Authors" is the second item, after a celebration of Prime: "We're investing heavily on behalf of readers. The all-new, high-resolution, high-contrast Kindle Paperwhite launched to rave…

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Combined Penguin Random House Revenue Measures Up To Last Year's Fifty Shades-Boosted Report

Berteslmann released its financial report for the fiscal year 2013, which included the first-ever annual revenues for the combined Penguin Random House entity. Including a half-year's worth of revenue from Penguin, total sales of €2.655 billion for PRH (plus Random House Germany, which remains a separate company, but was reported…

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Sales and Earnings Dip in Scholastic's Third Quarter

Sales dipped at Scholastic in their fiscal third quarter, ending February 28, dropping $5 million to $373.5 million. Their seasonal net loss of $12.1 million was an improvement over the $20.1 million loss a year ago, though "solely the result of a favorable settlement of outstanding federal tax audits which…

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Profits Flat at Lagardere Publishing

As is their tradition, Lagardere followed up the headline reporting of 2013 sales from with additional reporting on their profits. On the already noted sales of €2.066 billion for Lagardere Publishing, recurring EBIT was flat at €223 million. Because sales fell 10 million euros, and EBIT was up €6 million…

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Wiley Stable In Third Quarter

Wiley reported adjusted third quarter sales of $458 million and operating income $77.6 million, both down slightly. The company took charges of $4.3 million in the quarter related to their ongoing restructuring program, and they expect to take another $10 million of charges in the fourth quarter. The company's reduced…

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HMH Advances Though Trade Falls In Fourth Quarter On "Normalized" Sales

Houghton Mifflin Harcourt reported fourth quarter 2013 sales of $299 million, up 6 percent, though trade sales for the period fell $6 million (or 12 percent) to $46 million, "as revenues normalized following higher Tolkien licensing revenue in 2012." Trade's adjusted EBITDA was much lower, down $8 million to $5…

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Harlequin Results Fall Again

Sales and earnings fell again in the fourth quarter for Harlequin, continuing a pattern of quarterly and annual declines. Sales of $95 million (CA) for the fourth quarter were down $10 million from a year ago, with EBITDA of $11.5 million (compared to $16.8 million last year). Most of the…

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Pearson Warns of Lower Profits for 2014, Records Gain On Penguin

Pearson reported full-year results for 2013, with sales from continuing operations rising 2 percent to £5.177 billion and adjusted operating profit of £736 million, down 21 percent on significant restructuring charges of £135 million and 6% lower margins. The headline for investors is that the company expects another £50 million…

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Quarto Rebrands Publishing Divisions and Forecasts Better 2014

Quarto Group announced a series of changes alongside their full-year 2013 results, including a rebrand of its publishing divisions; a joint venture agreement in Brazil with Grupo Nobel; and the consolidation of their challenged display marketing businesses in Australia and New Zealand, into the single Books & Gifts Direct unit.…

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Simon & Schuster Finishes with Record Profits

Simon & Schuster reported fourth quarter sales of $225 million, up $10 million from a year ago, helping the publisher to finish the year with sales rising $19 million, at $809 million in all. Parent company CBS said in their announcement that year-end results "reflect growth in print book sales."…

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