Archives for December 2023
Best Of: Vulture, Maureen Corrigan
Vulture and NPR critic Maureen Corrigan announced their top books of the year.
Barnes & Noble Education Ekes Out Gains
The company’s fiscal second quarter report oozes with high fives as the company celebrates what they term an increase in sales, up by what we technically call a “smidgen,” at $610.4 million, compared to adjusted sales of $608.6 million a year ago. (Their actual sales a year ago were $617.1 million — which includes $8.5 million from their Digital Student Solutions segment, which was sold in May.) Net income did rise, at $24.2 million, up $2 million from a year ago (with income from continuing operations up less, gaining about $700,000). Comparable store course material sales rose by 5.8 percent, […]
Sales and Earnings Fall at Wiley As It Reorganizes
On Wednesday morning Wiley reported fiscal second quarter results, showing declines in sales and earnings, in line with their previously announced reorganization plans. Sales of $493 million were down 4 percent from $515 million a year, and operating income of $46 million was down 19 percent from $57 million. They took impairment charges of $52 million against the various businesses that have been up for sale, and recording restructuring charges against layoffs. PL had reported a New Jersey WARN notice regarding the termination of 103 people between mid-November and mid-January, and a spokesperson confirmed that was just part of “a […]
AAP Counters Big Tech Arguments on AI
Final “reply comments” on the US Copyright Office’s “study of the copyright law and policy issues raised by artificial intelligence systems” are due by the end of day Wednesday. While the office itself has not yet posted any of the replies, the AAP has provided a copy of their comments to the media. The organization states its “forceful opposition to the flawed and inaccurate assertions submitted by some tech companies and/or their investors in the first comment round, in which they position copyright and the protection of creative expression as an obstacle to innovation and progress. This is nonsense. Copyright […]