Hachette Book Group has started limited “Phase 1 openings” of their offices in Boulder, CO and Philadelphia, PA and will start the same next Monday in Boston and New York, but ceo Michael Pietsch emphasized to employees in a letter that it provides “only for people with a strong desire or need to be in…
Parneros and Barnes & Noble Make Final Arguments Before Judge Rules on Summary Judgement
In an August 6 phone conference, attorneys for Barnes & Noble and BN’s former ceo Demos Parneros presented final arguments on the bookseller’s motion for summary judgment dismissing two of the three claims against them before Judge Mary Kay Vyskocil, who replaced John G. Koeltl for unstated reasons in February. The motion, which aims to…
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Pronoy Sarkar has been promoted to editor at St. Martin’s Publishing Group. Allison Sundstrom has been promoted to associate art director, children’s at Sourcebooks. Nicole Lyons has been promoted to manager of operations at Wayside Publishing. Events The ALA has announced that its 2021 Midwinter Meeting, scheduled for January 22-26 in Indianapolis, will take place…
Harper Sees Profits Rise On Small Sales Decline, But Finishes Behind Previous Year
HarperCollins’ parent company News Corp. reported fiscal fourth quarter earnings on the Thursday. The publisher saw sales decline only 3 percent, down by $12 million to $407 million. As with Simon & Schuster’s report in the morning, Harper increased earnings even as sales fell, with EBITDA of $47 million, compared to $43 million a year…
Simon & Schuster Profits Rose, As Sales Fell 8 Percent
ViacomCBS reported second quarter earnings on Thursday morning, with publisher Simon & Schuster recording sales of $200 million for the period, down 8 percent from $218 million a year ago. But expenses were also lower so profits (OIBDA) rose, to $38 million, up from $35 million a year ago. The company said the 8 percent…
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Publisher of Harper Business Hollis Heimbouch has been promoted to senior vice president. Beth Bugler has been promoted to creative director at The Experiment. At Catapult/Counterpoint/Soft Skull, Lena Moses-Schmitt and Sarah Jean Grimm have each been promoted to senior publicity manager. Westwood Creative Artists has formed a management committee “to ensure the continued success and…