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The Good and Bad of Half-Year Sales

We have known the basic contours of trade publishing results for the first half of 2016 since the end of August, following public reporting by publishing companies -- trade sales were down modestly in total dollars, with still-rising print unit sales unable to fully make up for still-declining ebook sales. Now…

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Amazon Bull: Stock Hits New High

On Thursday, Amazon's stock hit a new all-time high, closing above $800 a share for the first time. In the broader market sell-off early this year Amazon had traded as low as about $500 a share. For the year-to-date the stock is up about 19 percent, though the biggest movement was…

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Hastings Entertainment Files for Bankruptcy

Entertainment retailer Hastings Entertainment filed for bankruptcy protection in a Delaware court on Monday, blaming pretty much everything, from the growth of online shopping to "a decline in the market for physical media properties like music, movies, books, games and media rentals." There is no buyer lined up for now,…

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Briefs: National Book Foundation's New Board Members; Denver's New Literary Nonprofit; and More

William Morris Endeavor's Jennifer Rudolph Walsh and former real estate developer (now board chair of Greater NY and board president at the Dalton school) Cheryl Cohen Effron have joined the board of the National Book Foundation. Owner of Corvus/Imprint Group Derek Lawrence, co-publisher of Unbridled Books Fred Ramey, and Conundrum Press and…

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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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Briefs

Shambhala Publications will acquire Berkeley-based Rodmell Press, an independent publisher of books on yoga, Buddhism, Taoism, and aikido founded in 1988 by Linda Cogozzo and Donald Moyer, who plan to retire. As part of the acquisition, Rodmell titles will move distribution from PGW to Penguin Random House under the Shambhala…

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Google Play Gains Again, Even As Earnings Are Below Analysts' Estimates; Apple China iBooks Shutdown Confirmed

The headline from Thursday afternoon's earnings release from Alphabet/Google was that earnings came in below analysts' expectations, with first quarter sales of $20.3 billion up 17 percent. In the segment we follow, the glamorous "Other revenue" that incorporates the Google Play store, sales of $2.1 billion were up 24 percent…

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People, Etc.

Julie Matysik will join Running Press Kids as editorial director on March 14. Previously she was editorial director at Sky Pony Press. At Da Capo Press and Da Capo Lifelong Books, Sean Maher has been promoted to associate director of marketing and Jillian Farrel moves up to marketing manager. Hilary…

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DBW Over Three Days, Available Three Ways

Our big Digital Book World event is about a week and a half away, this year covering three full days of programming -- March 7 through March 9 -- with more options than ever before. You can choose one, two or three days of sessions, depending on what fits your…

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The Buzz Books Young Adult Authors

Maggie Stiefvater fans got our new Buzz Books releases off to a roaring start last week when they learned that we featured the opening chapters of the fourth and final installment in The Raven Cycle (which starts with a big surprise) -- and this new edition packs in a lot…

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