HMH reported earnings for the recent quarter and full year, with fourth quarter sales of $204 million, down from $241 million, or 16 percent. The quarterly net loss was $(83) million, better than the $(125) million loss last year, including an impairment charge for goodwill of $17 million for the quarter (impairment totaled $279 million for the year), “a direct result of the adverse impact that the COVID-19 pandemic had on our company.” For the year, sales were $1.03 billion, down from $1.39 billion, with a net loss of $(480) million, down from $(214) million. At HMH Books & Media, […]
Archives for February 2021
People, Etc.
At Grand Central, Wes Miller has been promoted to executive editor, and Seema Mahanian to senior editor, Rachael Kelly and Carmel Shaka each become assistant editor, and Kirsiah McNamara becomes assistant editor and digital & paperback coordinator. Albert Tang becomes vice president, creative director. Andy Dodds has been promoted to publicity director and Kamrun Nesa to senior publicist. Joseph Benincase becomes assistant director, marketing and Morgan Swift associate marketing manager. At Forever, Estelle Hallick has been promoted to associate director, marketing & publicity, and Sam Brody to assistant editor. Robert Messenger will join Simon & Schuster as senior editor, starting March 1, where he will “acquire […]
People, Etc.
Yezanira Venecia has joined Soho Press as assistant editor acquiring for the Soho Crime imprint. She was previously at Skyhorse Publishing. Shannon Fabricant has been promoted to executive editor at Running Press; Britny Brooks to associate editor; and Marissa Raybuck and Rachel Peckman to designer. Kara Thornton has been promoted to assistant director of publicity, Running Press and Black Dog & Leventhal. Adriann Ranta Zurhellen has joined Folio Literary Management as literary agent. She was most recently at YRG Partners and Foundry. At Sourcebooks, Katia Herrara has been promoted to senior manager of ecommerce and Morgan Vogt to online marketing […]
McGraw Hill Reports Sales Down, Earnings Up in Third Fiscal Quarter
McGraw Hill reported results for their fiscal third quarter ended December 31, 2020, with sales of $363 million, compared to $365 million the previous period. Improvements in higher ed and K-12 were not enough to offset declining sales in the international and global professional businesses. Earnings improved, as adjusted EBITDA registered $565,000, compared to a loss of $(24) million, while net income was $18 million compared to a loss of $(40) million. Operating and administration expenses were substantially reduced, to $198 million compared to $255 million last year. About half of the savings were attributed to “strategic headcount reductions,” Covid-related […]
Bookscan Curious?
For literary agents interested in the subscription plans to Bookscan and PubTrack Digital that we offer in conjunction with NPD Books, tomorrow we are holding our first-ever webinar with the NPD. Together we’ll provide an overview of the available plans and NPD will offer a live demo and take questions. If you’re interested in an invite, please write us at bookscan@publishersmarketplace.com.
New Books Publishing February 23
This week, a smaller selection of new books publishing includes Jennifer Ryan’s The Kitchen Front, a Library Reads selection, as well as a new biography of Tom Stoppard by Hermione Lee. 9 new works of fiction https://bookshop.org/lists/new-fiction-publishing-february-23 https://shop.aer.io/publishers_lunch/cl/New_Fiction_Publishing_February_/218851 new nonfiction titles https://bookshop.org/lists/new-nonfiction-publishing-february-23 https://shop.aer.io/publishers_lunch/cl/New_Nonfiction_Publishing_February_/218852 We consult a number of sources in compiling our weekly lists and PM members can see our lists for the coming three months through this reference page. But if you want to make sure your key titles are on our radar, now you can use this form to submit brief details as well: publun.ch/submitNotable. Please submit your notable titles at least […]