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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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Strong Profits, and DIVERGENT, Give Big Finish For Harper's Fiscal Year

News Corp. reported results for their fourth quarter and full fiscal year, ending June 30. HarperCollins had sales of $361 million, up 10 percent from $329 million a year ago and EBITDA of $33 million in the fourth quarter, up 50 percent from the $22 million reported for the same…

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Courier's Publishing Division Declines Again

Courier reported third quarter earnings, as their publishing business continues to shrink. Sales of $8.5 million were down 4.4 percent, though the operating loss of $493,000 was a small improvement, almost half the operating loss at the same time a year ago. Sales were flat at Dover and their REA…

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Amazon Dispute Has "Limited" Or No Effect on Lagardere Publishing Results

Lagardere reported first-half of the year results after the close of the market in France on Thursday. Sales at Lagardere Publishing were 510 million euros in the second quarter (up 12 million euros) -- and 903 million euros for the full first half, up 2.5 percent on a like-for-like basis for…

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Sales Slide At Harlequin, With Sale Now Expected Within Days

Harlequin's current parent company Torstar announced second quarter results on Wednesday morning, and the company said it now "anticipate[s] closing the transaction on or about August 1" to sell Harlequin to HarperCollins. They have "received the regulatory clearances and approvals required," and "while the transaction remains subject to certain customary…

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Pearson Steady During Restructuring; PRH "Performed Well"

Pearson reported sales for the first half of the year of £2.047, down 7 percent (but up 2 percent on currency neutral basis). Adjusted operating  profit was 75 million pounds, compared to 137 million pounds a year ago, reflecting bigger charges on their continuing restructuring charges (£43 million so far…

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Scholastic Takes $21.4 Charge, Mostly on Storia, Which Will Switch to School Licensing Model

Scholastic reported fourth quarter and full fiscal year earnings on Thursday morning, with sales rising 8 percent to $549 million and operating income increasing more, at $48.6 million. The stock rose in early morning trading on the improved results and positive guidance for next year. But the company disclosed a…

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