Harlequin’s parent company Torstar reported third quarter results Wednesday for the period ending September 30. The book publishing unit had sales of $115.7 million (CA), down slightly by $1.8 million, (or less than 1 percent), largely due to foreign exchange rates but buffered by the benefits of the other half of Harlequin’s German business at the beginning of the second quarter of 2010, to the tune of $700,000. EBITDA was up for the third quarter by $600,000 (or 2.4 percent) to $24.8 million, with, as always, “digital revenue growth more than offsetting declines in print retail and direct-to-consumer revenues.” Those […]
Archives for November 2011
eNews: Wiley Sues 27 BitTorrent Users Over Piracy; New Funding For Educational App Publisher Mindshare; and More
Last week Wiley filed suit in Manhattan federal court against 27 John Doe defendants who illegally downloaded various FOR DUMMIES titles from Ukraine-based Torrent website demonoid.me on October 18 and 19. The John Does are identified for now only by their IP addresses, all within the state of New York. Wiley claims in the suit that these defendants “are contributing to a problem that threatens the profitability of Wiley. Although Wiley cannot determine at this time the precise amount of revenue that it has lost as a result of peer-to-peer file sharing of its copyrighted works though BitTorrent software, the […]
Bookselling: Bodhi Tree Sale Falls Through; Point Reyes Books Tries Member-Supported Model
The sale of West Hollywood-based Bodhi Tree Bookstore by longtime owners Stan Madson and Phil Thompson to Karuana Gatimu and Lori Cutler, which had been in the works for the last few months, has fallen through. Shelf Awareness reported the offer had been “rescinded” but that Madson and Thompson “remain hopeful” another buyer can be found. “We had invested a great deal of hope and optimism in the offer agreement that, after many months of planning and negotiation, has come to naught,” the current owners wrote. “As a consequence, we have re-contacted interested parties in the business to explore opening […]