Macmillan is restructuring its sales team “to more closely align with the needs of Macmillan’s customers and its publishers.” Their separate major account teams will be eliminated, with a single, unified trade team under John Edwards, promoted to the new position of vp, trade and Canada sales. Svp, online digital sales operations and analysis Tom Stouras will now oversee the ebooks sales team, and will continue to manage the Amazon team. VP, adult mass merchandise sales Laura Pennock will expand her responsibilities to add management of the distribution sales team. Brian Heller moves into the new role of vp, academic, […]
Archives for March 2019
Bonnier Earnings Show “Welcome Improvement”
Catching up a little, Bonnier Group announced their 2018 results in February, with net sales of SEK 26.4 billion for the year ($2.85 billion), up from SEK 25.7 billion in 2017. EBITA grew to SEK 824 million ($89 million) from SEK 625 million in 2017, reversing two years of declines but still not rising to 2015 levels, when EBITA was SEK 1 billion. “The year’s financial results for our media companies show a welcome improvement, but profitability overall is still at a very modest level,” said Bonnier Group CEO Erik Haegerstrand. Their book publishing lines grew in sales and started […]