For the quarter ending June 26, Courier Corporation’s consolidated third-quarter revenues were $64.9 million, up 6% from $59.6 million a year ago, while net income rose to $1.8 million from $1.6 million at this time 12 months ago. Book publishing sales declined 4% to $10.9 million, with sales at Dover were down 6% in the quarter, but up 3% for the year. Total specialty publishing segment revenues were $11.6 million, up slightly from $11.5 million last year. Company CEO James Conway says “Given the uneven state of the recovery, many consumers chose to stay on the sidelines…We did make progress […]
Archives for July 2010
Amazon Inches Closer to Releasing Kindle Stats That Actually Mean Something
In advance of Thursday’s second quarter earnings report, Amazon tries to drum up extra attention by releasing some “statistics” – since as always, the company will never flat-out tell the public exactly how many e-books or devices they’ve sold. This time, however, the numbers they tout actually inch a little closer to real, live, hard data. So let’s start with the data: jumping on last week’s announcement that James Patterson had sold 1.14 million e-books to date worldwide, Amazon says Kindle books account for 867,881 of those sales. (Of course, with print sales totalling more than 205 million copies, that […]
Now, About that Amazon Earnings Preview
Amazon has a lot to live up to when it reports those Q2 numbers on Thursday: over the last 4 quarters, the company’s reported eps exceeded the market’s consensus estimates by margins in the range of 2.24% and 37.2%. Maybe that’s why investors seem to be just a little more cautious with their expectations this time around, as iStockAnalyst reports, and why Barron’s says “Morgan Stanley’s derivatives strategists are advising clients to bullishly trade ahead of [the earnings report]”. Q2 estimates now range “from a low of $0.44 to a high of $0.76 per share, compared to a consensus estimate […]
eNews: Penguin’s Amplified Editions; Scribd Lawsuit Dropped; and More
Penguin and Starz Entertainment have collaborated on an “Amplified Edition” of Ken Follett’s PILLARS OF THE EARTH, featuring extensive video and audio clips, to tie in with the 8-part 8-hour miniseries that debuts this Friday. The app will be available on the iPad and iPhone, and will be updated on a weekly basis with new scenes and text-embedded video clips from the TV mini-series as each episode airs.AP PW (with video) A lawsuit waged by children’s book writer Elaine Scott against Scribd alleging the site’s copyright filtering technology is itself a form of copyright infringement has been dropped, after Scott […]
People and Announcements
Lisa Richards has joined Macmillan as National Account Manager, representing all of the Macmillan Children’s Publishing Group’s imprints to retail accounts serviced by Levy, including Wal-Mart, Sam’s Club and Target. She has previously worked for TOKYOPOP, Viz Media, and Prima Publishing, and reports to Director of Children’s Sales Mark von Bargen. After 18 years with Hodder and Headline, James Horobin will join Simon & Schuster UK in the newly created role of Group Sales, Marketing and Brand Development Director. He reports to Executive Director Kerr MacRae. At Headline, Aslan Byrne becomes UK and International Sales Director with immediate effect, reporting […]
Briefs: LAT on ‘Future of Reading’; New Nook Gets FCC Approval; Palin Biography for Tweens Delayed; and More
Paperwork for a new edition of the Nook, codenamed Bravo Delta and CR Nook, has shown up on the FCC website (with specs and pictures withheld)The Digital Reader A front-page LAT feature hits many of the same notes on the intersection of reading, technology and digital books as did an ongoing series in the NYT last year, with the usual point-counterpoint between those who worry about people not reading enough and those who are excited by technological possibilities. LAT Zondervan is delaying publication of a Sarah Palin biography for young readers after deciding that October was not an “optimal time” […]