At St. Martin's, Courtney Littler has been promoted to executive editor.
Archives for September 2024
After SPD’s Closure, Independent Presses Find Distribution Solutions
Last March, the indie press world was rocked by the abrupt closure of Small Press Distribution, which had operated since 1969 and represented about 300 client publishers. The company cited declining sales and loss of grant support as the reasons for the shuttering. Its 300,000-book inventory was transferred to Ingram Content Group, and many presses were left in a bind, without a distributor or access to inventory data, and in some cases had to pay to have their stock returned to them. Since the closure, indie presses have regrouped, finding alternate distribution solutions. Some have been made deals with Ingram […]
People 9/27
Publishers File Amended Complaint Against Iowa Book Ban Law
Penguin Random House, Hachette Book Group, HarperCollins, Macmillan, and Simon & Schuster, as well as The Authors Guild and authors including John Green and Jodi Picoult, have filed a new complaint in their suit against a book banning law in Iowa. The case has been litigated since late last year: In December a district court enjoined the law, but after an appeal by the state, the appellate court reversed the decision and sent it back to the district court. The Eighth Circuit Court of Appeals ruled that the previous decision did not properly address whether the law, SF 496, violates […]
Scholastic Reports Modest Improvements
Scholastic reported results for the first quarter of fiscal year 2025, with sales of $ 237 million, up 4 percent from the same period last year, due to strong sales from 9 Story Media Group and offset by declines in the education segment. The seasonal operating loss improved 11 percent to $(88.5) million, attributed to gains in the children’s publishing and distribution segment. Adjusted EBITA was $(60.5) million, compared to $(70.6) million in 2024. The company’s stock rebounded on better-than-expected results, rising over 10 percent in early Friday trading. Trade book sales gained 2 percent to $73.9 million, due mainly […]
Distribution: Inpatient Press
MIT Press will distribute Inpatient Press‘s backlist and all new forthcoming titles starting Spring 2025 via Penguin Random House.