Bertelsmann announced full year results for 2024, with sales at Penguin Random House hitting a new record of €4.917 billion, up 8.5 percent from €4.532 billion. Revenues rose “primarily due to higher sales prices, a broad range of titles across all genres and growth in audiobook sales,” with “positive business performance, especially in the United States,” also driven by the continuing “expansion of its portfolio” (acquisitions). Operating EBITDA grew as well, to €739 million, up from €664 million in 2023, when profits had been flat. The “earnings growth [was] due to both revenue and savings achieved largely through the reorganization […]
Archives for March 2025
Distribution: The Independent Institute; DSTLRY
Simon & Schuster will distribute The Independent Institute starting June 1. They were previously distributed by IPG. Penguin Random House Publisher Services will sell and distribute comics publisher DSTLRY starting in June.
Imprints: Ten Speed Young Readers
Crown Publishing Group has launched kids fiction and nonfiction imprint Ten Speed Young Readers. Leading the imprint are: Ginee Seo, vp, editorial director; Kelly Barrales-Saylor, executive editor; and Adah Li, assistant editor. The inaugural list of 20 titles debuts in 2026, and will include OTHERS by Kobi Yamada and illustrator Charles Santoso; AXOLOTL-ELLAA by Kate Messner and illustrator Lian Cho; and KID POTATO by Neil Coslett. Seo said in a release, “Reading and books have never been more important than they are at this moment, especially for our children. It’s been a joy to answer that need within our unique […]
Barnes & Noble National Book Club Pick
People 3/31
Former Tattered Cover CEO Will Try Again As A Denver Bookseller
Kwame Spearman, who failed to turn around the Tattered Cover bookstores as ceo and left to pursue a career in politics, will try again as a bookseller. Spearman purchased 9,000-square-foot building at 1700 Humboldt St. in Denver’s City Park West with partner Rich Garvin, a San Francisco philanthropist, for $2.9 million. His redevelopment plans include a 3,500-square-foot bookstore, called Denver Book Society, which he hopes to have open by spring 2026. Spearmen tells Business Den, “Books that you can easily find on Amazon, you can find on Amazon. You come into our store and have a best-in-class staff opportunity that […]