Scholastic reported results for the third quarter ending February 28 and as with the second quarter, overall sales fell 18.5 percent to $380.5 million, and profits declined further. The company reported a net loss of $20.1 million (or 63 cents a share) as compared to a loss of $10.3 million…
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Wiley, AAP Express Disappointment in Supreme Court Kirtsaeng Decision
A day after the Supreme Court overturned a lower court decision and sided with the defendant in John Wiley's case against Supap Kirtsaeng, saying first sale doctrine does apply to overseas sales, the news has begun to sunk in, and reactions range from praise to criticism. Wiley ceo Stephen Smith expressed…
More HarperCollins Financials Revealed
News Corp.'s February second quarter earnings report gave no numbers on the performance of HarperCollins--but an amended proxy statement outlining more details on the planned publishing division spinoff (aka New News Corp) provided real financial data on the book publisher's fiscal 2013 so far. For the second quarter, Harper sales…
Macmillan Settles DOJ Case
Macmillan ceo John Sargent told the publishers' community Friday morning they company is settling the lawsuit brought by the Department of Justice: "We settled because the potential penalties became too high to risk even the possibility of an unfavorable outcome." As Sargent explains, each time another company settled with DOJ,…
James and Collins Drive 2012 Print Sales
Further to Friday's headline stats on 2012 print book sales, we have fuller information on data from Nielsen BookScan, along with our annual look at the top sellers in multiple categories. (As a reminder, Nielsen tracks print book sales only, at the point of sale.) Total print book sales for…
August AAP Sales Rise, As eBooks Continue to Moderate
The AAP reported sales for August from the nearly 1,200 publishers they track, with overall trade sales of $562.1 million up 10.4 percent versus $509.1 million. This time both adult and children's sales rose, and both sectors had higher shipments as well. In adult books, the growth came from trade…
Amazon Publishing to Open European Branch Under Griffith
While Amazon did not respond directly to our request for information for Kindle sales information for THE FOUR-HOUR CHEF, company publishing vp Jeff Belle claims in a letter (posted in full by PaidContent) that their total sale is over 60,000 units so far (or roughly 30,000 of those $4.99 ebooks…
McGraw-Hill Education Sale to Apollo Finally Confirmed, for $2.5 Billion
McGraw-Hill is finally unloading their shrinking education publishing division--which is what their shareholders preferred all along--selling it to private equity firm Apollo Global Management for $2.5 billion. The deal is expected to close quickly, either before the end of the year or in early 2013. (Apollo co-founder Leon Black's family…
Apple Sells 14 Million iPads In the Quarter
Apple also announced quarterly earnings after the close of the market on Thursday, registering sales of $36 billion and net profit of $8.2 billion. (Sales were slightly ahead of expectations; earnings were slightly below the predictions.) For the full year, the company had sales of $156.5 billion and net income…
eNews: Consortium Launches Thema Global Codes Standard
In an attempt to streamline book category and classification codes into a unified standard, a group of book industry representatives from 15 companies are joining forces on Thema, which continues the work already begun by the iBIC project jointly owned by Nielsen and the Book Industry Communication. Both entities donated…
- Amazon Announces 5 Breakthrough Novel Category Winners
- In UK, First Week "Inferno" Hardcover Sales Are About Half of "Lost Symbol" Opening, At 229k Units
- A Nearly Clean Sweep of Departures as Philip Jones Leaves Granta/Portobello
- A New Bookstore for Philadelphia Suburb
- Iain Banks Update Fans On Cancer Battle; Chemo May Be An Option
- Jones Is the Latest to Leave in Granta Restructuring
- The BEA Master Schedule
- The Publishers Lunch BEA 2013 Party Planner
- Bookselling: Waterstones To Restructure Store Management; New Bookstores in Bryn Mawr, PA and Astoria, Queens
- Profits Rise at Bloomsbury
- Abandoning Amazon | Digital Book World: [...] publishers may find this out-of-the-box solu...
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Sarah Weinman: Hi Jon, Yes, we\'ve been alerted about this, than...
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Robert Gottlieb: A fantastic and important line up of discussions. ...
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Joe Stern: Guralnick\'s Sam Cooke biography is from 2006 - wh...
- Publishing News of the Week | Foreword Literary: [...] PublishersLunch lists more Fall/Winter Buz...