After releasing 2017 sales information only in February, Lagardere followed up Thursday evening with their earnings report. The publishing division had earnings of €210 million, up €2 million from a year ago, on sales of €2.289 billion (up €25 million from 2016). The news from the release was that companywide earnings were modest, up just €8 million to €405 million, and the guidance is for “stable” (or flat) earnings in 2018. Lagardere’s shares are down over 7 percent in Friday trading as a result. Those earnings also reinforce that, while Lagardere Publishing’s margins appear lower than their trade publishing peers, the unit remains Lagardere’s […]
Archives for March 2018
Book Expo Announces Editors’ Buzz Panel Selections
Book Expo has named the books to be featured during the three annual Editors’ Buzz panels at this year’s show. In contrast to the past two years, when the adult panels featured four debut novels, the new selection is a departure: Four of the titles are works of nonfiction. (The last time that happened was in 2013.) Adult Maid, by Stephanie Land (Hachette Books) Ohio: A Novel, by Stephen Markley (Simon & Schuster) She Would Be King, by Wayetu Moore (Graywolf Press) Small Animals, by Kim Brooks (Flatiron Books) The Real Lolita: The Kidnapping of Sally Horner and the Novel that […]
People, Etc.
Macmillan announced promotions in its sales & technology division. Jennifer Gonzalez is being promoted to svp, trade sales, where she will oversee sales into traditional channels in the US for both adult and children’s trade books, including retail booksellers, wholesalers and the merchandise channel. In addition, Tom Stouras moves up to svp, online and digital sales, sales operations and analysis, and Leslie Padgett has been promoted to svp, technology. At Grand Central Publishing, Caitlin Mulrooney-Lyski has been promoted to deputy director of publicity; Jordan Rubinstein to associate publicist; Amanda Pritzker to director of marketing and campaign strategy; Andrew Duncan to director of […]
Mangan’s Tangerine Tops April’s Indie Next List
The ABA named Christine Mangan’s novel Tangerine as their No. 1 pick for April. Also on the list are Charles Soule’s The Oracle Year and Chris Offutt’s Country Dark, both excerpted in our Buzz Books 2018 Spring/Summer and available to sample now. The rest of the list: Circe, by Madeline Miller The Female Persuasion, by Meg Wolitzer And Now We Have Everything, by Meaghan O’Connell The Overstory, by Richard Powers The Recovering, by Leslie Jamison Varina, by Charles Frazier The Italian Teacher, by Tom Rachman The Italian Party, by Christina Lynch Stray City, by Chelsey Johnson Lawn Boy, by Jonathan Evison Every Note Played, […]
Miller’s Circe Leads April Library Reads
Madeline Miller’s novel Circe tops April’s Library Reads list. Also on the list is Peter Swanson’s All the Beautiful Lies, available to sample now in Buzz Books 2018 Spring/Summer. The rest of the picks: Other People’s Houses, by Abbi Waxman How to be Safe, by Tom McAllister Then She Was Gone, by Lisa Jewell Unbury Carol, by Josh Malerman The Female Persuasion, by Meg Wolitzer You Think It, I’ll Say It, by Curtis Sittenfeld My Lady’s Choosing, by Kitty Curran and Larissa Zageris The Girl Who Smiled Beads, by Clemantine Wamariya and Elizabeth Weil
People: Angel to Succeed Galassi As Farrar, Straus Publisher
Faber & Faber publisher for adult publishing Mitzi Angel, 43, will return to the US to take over as publisher and senior vice president of Farrar, Straus “later this year,” as Jonathan Galassi, 68, relinquishes that position. (The Bookseller says she will leave Faber at the end of June, but FSG tells us the exact timing of her start there is still being discussed.) Galassi will remain as president, with Angel reporting to him, and he will still acquire and edit books. Publisher of the MCD imprint Sean McDonald will still report to Galassi, too. Galassi tells the NYT, “Publishing […]