Closed since spring 2020, the MIT Press Bookstore will reopen on Tuesday, September 7, at a new location at 314 Main Street in Cambridge, MA. It shares a building with the MIT Museum, a cafe, and various other tenants, as part of the “reimagined MIT Kendall Gateway.” The store sells “an extensive section of academic and general interest titles by other publishers in related fields” alongside materials from the press. Manager of the MIT Press Bookstore Clarissa Murphy says in the announcement, “This move has been many years in planning, and we are thrilled to finally be opening our doors […]
Archives for September 2021
The Swag Beat: A Sally Rooney Umbrella Would Have Been A Hit This Week
Ahead of Tuesday’s release of Sally Rooney’s Beautiful World, Where Are You? the NYT catches up on the buzz around the pre-publication promotional swag. “For some publishing professionals, FSG’s mailings have been humbling.” Some people got the tote bag, but not the yellow bucket hat. Others got both. Some received only the galley. And then there were the pencils and notecards. The paper is late to the tote bag story — GQ already proclaimed the item a “mind-bending newcomer” in the promotional swag category. But it was just a week ago that the NYT misinterpreted some data to proclaim cotton […]
Sales Rise at Wiley
Wiley reported a strong fiscal first quarter, with sales of $488 million, up 13 percent from $431 million a year ago. Operating income rose more, to $41 million, up 36 percent from $30 million last year — though net income declined, due to a $20.7 million non-cash deferred tax expense following an increase in the UK’s corporate tax rate. Foreign exchange contributed $16.7 million in sales, and $3.7 million in adjusted EBITDA. The Academic & Professional Learning segment, which includes their trade/professional and education book publishing, was up 10 percent. Education publishing sales were $66.4 million, up $2.8 million, and […]
McGuigan Asks for Court Order to Pay Foundry Authors
Since the dispute between former Foundry partners Yfat Reiss Gendell and Peter McGuigan first surfaced, the most far-ranging impact has been on authors, experiencing delayed payments and stalled sub-rights activity. On Wednesday, McGuigan filed notice of an instant motion asking the court to order Gendell to approve outstanding payments due to authors at a hearing already scheduled for September 21. McGuigan also asks the court to order going forward that Gendell “review and object for a material reason, or approve all future payments posted on the bank website, within three (3) calendar days thereafter, without exception.” Accounts from Foundry bookkeeper […]
Barnes & Noble Education Sees A Glimmer of Reopening
Barnes & Noble Education reported results for the fiscal first quarter, ending July 31, “historically a period of low sales” and seasonal losses. With “the reopening of a majority of its campus stores,” revenues were a little less disastrous than a year ago, when they fell 35 percent. Sales were $241 million for the quarter, recovering $36 million but still well below normal, with a net loss of $(44.3) million, slightly better than the $(46.7) million loss a year ago. That was a little ahead of expectations and shares jumped over 15 percent in the first hour of trading Thursday […]
People 9/2
Helen Healey has been promoted to editor at Portfolio and Sentinel.