At Ten Speed Press, Erin Welke has been promoted to associate publicity & marketing manager while Daniel Wikey moves up to associate marketing manager. At St. Martin’s, John Nicholas has been promoted to associate marketing manager. Kait Heacock has joined The Feminist Press as publicist. She was previously publicist at The Overlook Press. At the Erin Murphy Literary Agency, Tricia Lawrence has been promoted to agent. The ABA membership officially ratified the board nominations made in February. The transition will take place at BEA (when the ABA holds its annual meeting), with Betsy Burton from The King’s English Bookshop beginning her two-year term […]
Archives for May 2015
S&S Topline Falls On Lower Print Sales
First quarter sales at Simon & Schuster fell by $8 million (or 4.5 percent) to $145 million, the company’s third consecutive quarterly revenue drop, as a result of “lower print book sales.” OIBDA was flat at $13 million (with operating income up $1 million to $12 million), with lower selling and inventory costs “more than offsetting” the print book sales decline. Bestselling titles of note included Pulitzer winner All the Light We Cannot See by Anthony Doerr, and Get What’s Yours: The Secrets to Maxing Out Your Social Security by Laurence J. Kotlikoff, Philip Moeller, and Paul Solman. CEO Carolyn Reidy […]
Bertelsmann Profit Rises In First Quarter, As Attention Turns to Possible PRH Buyout
Bertelsmann issued a brief first quarter trading update (in the European style), with sales just above flat at €3.92 billion and operating EBITDA up 6.7 percent to €463 million (from €434 million a year ago). Net income rose to €143 million from €106 million last year. Though not mentioned in the report, bear in mind that — as we underscored earlier — that the contribution from Penguin Random House is supercharged this quarter by the strong dollar (and British pound, relative to the euro). CEO Thomas Rabe says in the short release: “The year started well for Bertelsmann. We achieved […]
Sales Rise at HMH and Company Increases Loan, Repurchase Targets
Houghton Mifflin Harcourt reported first quarter results Thursday morning, with sales of $163 million, up almost 6 percent from $154 million a year ago, “driven by higher education and trade publishing sales and the recognition of previously deferred revenue.” The seasonal adjusted EBITDA loss of $52 million compares to a loss of $53 million a year ago, though the net loss $160 million (or $1.12 a share) was up from $146 million a year ago on higher income tax. Trade Publishing sales rose $2 million, or 5 percent, to $32 million for the quarter, “driven by strong net sales of frontlist culinary titles,” Newbery winner The Crossover, and “strong backlist sales of […]
People, Etc.
Ruchir Pandya has joined HarperCollins as senior pricing analyst, reporting to Frank Albanese. Previously he was a revenue management analyst at JetBlue. At HarperOne, Claudia Boutote has been promoted to svp, publisher of the Elixir imprint, while Laina Adler moves up to vp, associate publisher. Both will report to Mark Tauber; creative director Adrian Morgan will now report to Terri Leonard, and senior publicity directors Melinda Mullin and Suzanne Wickham will now report to Adler. Colleen Lindsay is leaving Berkley/NAL, where she was associate director of marketing, social media and reader experience, on May 8. She may be reached at […]
People, Etc.
At Simon & Schuster Children’s, Christian Trimmer has been promoted to executive editor; Kristin Ostby moves up to senior editor; and Catherine Laudone has been promoted to assistant editor. In addition, Christine Dong has been promoted to senior demand planner. At Macmillan Audio, Robert Allen has been promoted to associate publisher, while Samantha Edelson moves up to marketing director. At Candlewick, Zoe Luderitz has been promoted to senior marketing manager. In addition, Andie Krawczyk has been promoted to manager of library marketing and outreach. At Chronicle Books, Ariel Richardson has been promoted to associate editor, children’s. Announcements Barnes & Noble […]