Barnes & Noble reports fourth quarter and full fiscal year earnings on Tuesday morning before the market opens. Analysts have low expectations, looking for sales to fall about 4 percent to $1.33 billion, and predicting another sizable loss of 99 cents per share. The company’s stock has fallen back to earth since the error-plagued TechCrunch report on documents showing possible interest in a Microsoft buyout of Nook–which sent shares up to more than $23 a share in May. (It has given up almost all of those gains, now back under $19 a share–falling again first thing this morning, along with […]
Archives for June 2013
Amazon’s Best Books of Early 2013
Amazon’s editors have posted their “best books of the year so far” lists across multiple categories. Their overall top 10 so far includes four titles first available to readers in our spring/summer edition of Buzz Books 2013 (published right before the ABA’s Winter Institute), asterisked below: 1. Life After Life, Kate Atkinson* 2. The Son, Philipp Meyer* 3. Frozen in Time, Mitchell Zuckoff 4. The Interestings, Meg Wolitzer* 5. And the Mountains Echoed, Khaled Hosseini 6. Eleanor & Park, Rainbow Rowell 7. Gulp, Mary Roach 8. After Visiting Friends, Michael Hainey 9. Tenth of December, George Saunders 10. The Golem […]
People, Etc.
Chief financial officer of Ingram Content Group Frank Kerrigan will retire next year after more than 17 years in the position. He will be replaced by Brian Dauphin, currently svp, Lightning Source, as of July 1, and will serve as svp for an unspecified transition period. In a statement, ceo John Ingram said: “Through all the challenges our industry has faced, Frank Kerrigan has been a steady constant in a swirl of change. He is well respected throughout our organization and throughout our industry, and he deserves it. We will miss him, but we are very fortunate to have Brian […]
The Finale: Does Judge Cote’s Belief the Publishers Are Guilty Exonerate or Implicate Apple?
The DOJ’s ebook price fixing trial against Apple came to an end Thursday with closing arguments from both sides. Apple lead lawyer Orin Snyder began his summation in the clearest possible terms: “Apple did not conspire to fix prices with any publisher. Let me repeat that. Apple did not conspire with a single publisher to fix prices in the eBook industry.” Rather, Snyder said near the end of his presentation, “Apple’s entry simply crystallized market forces and structural changes that were well underway before Apple met with a single publisher.” He argued, “We know of no other case where a defendant has […]
People, Etc.
Sandi Kirshner has been named chief marketing officer at Cengage, working out of the company’s Boston office. Previously she was evp, higher education policy at Pearson. Quarto has entered into a number of distribution agreements with Hachette UK and US for several of its imprints. Quayside Publishing Group will be distributed by Hachette US effective January 1, 2014, and Hachette UK subsidiary Littlehampton Book Services as of July 1. Littlehampton will also distribute Aurum Publishing Group titles as of September.
People, Etc.
Knopf Doubleday has announced a number of promotions in the division’s publicity department. Michiko Clark has been promoted to director of publicity, Pantheon & Schocken, while Michelle Somers moves up to associate director of publicity. Josie Kals has been promoted to publicity manager, Knopf & Pantheon, while also taking on added responsibility for the division’s poetry program. Elizabeth Lindsay and Erica Hinsley both move up to publicist, while Erinn McGrath has been promoted to associate publicist. Separately, Sara Eagle has been named marketing manager, effective July 8, having most recently been a senior publicist, and Lena Khidritsaya is leaving the […]