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Archives for July 2016

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July 29, 2016
By Sarah Weinman

Sarah Bowlin is leaving her position as senior editor at Henry Holt on August 25 to move to Los Angeles. She can be reached for freelance work and other inquiries at svbowlin@gmail.com. Melissa Zar has joined Macmillan Children’s as marketing manager. Previously she was a marketing manager at Random House Children’s. Katy Lynch has been […]

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As Expected, Pearson Falls

July 29, 2016
By Michael Cader

Joining the big wave of earnings reports was Pearson on Friday, with results for the first half of the year. Sales fell £131 million to £1.866 billion, down 7 percent overall (and down 11 percent on a currency neutral basis) — “primarily due to the expected declines in assessment revenues in the US and UK” […]

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Simon & Schuster Sustains Profit Growth, On Lower Sales

July 28, 2016
By Michael Cader

Simon & Schuster’s parent company CBS reported second quarter sales after the close of the market on Thursday, with publishing revenues falling 6 percent to $187 million (down from $199 million a year ago). But operating income grew by $1 million, up to $26 million, “as the revenue decline was more than offset by lower […]

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A Good Quarter for Amazon, With Media Sales Growing

July 28, 2016
By Michael Cader

Amazon reported second quarter results, with North American media sales of $2.928 billion up 12 percent (from $2.62 billion a year ago), as international media sales rose 9 percent $2.283 billion (from $2.094 billion a year ago). That’s a total of $765 million lower than competitor Apple’s just reported second-quarter media and related “services” sales, […]

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Lagardere Publishing Is Just Above Flat, Even with Perseus Sales

July 28, 2016
By Michael Cader

Lagardere reported results for the first half of the year on Thursday afternoon, with the book publishing group just above flat, recording sales of  €970 million (up €2 million) and flat EBIT at a relatively low €36 million for the period, even with the addition of the Perseus imprints. Acquired on April 1, those lines added sales […]

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Briefs: Emeritus Pope Benedict’s ‘Last Testament’; Rakuten Takes Minority Stake in getAbstract; and More

July 28, 2016
By Sarah Weinman

Forthcoming Bloomsbury will publish Emeritus Pope Benedict‘s Last Testament worldwide in November, in which the retired pope will formally break his silence after being the first Pope to resign from his position in 750 years. Bloomsbury says Pope Benedict will address “controversies and reveals how at his late age, governing and reforming the Papacy and […]

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