Simon & Schuster will sell and distribute Melbourne University Publishing in the US and Canada beginning July 1. Also starting in July, Blackstone Publishing will sell and distribute frontlist and backlist audiobooks from CamCat worldwide.
Archives for June 2025
Boston Globe-Horn Book Awards
Read With Jenna July Pick
People 6/24
Scholastic Reaffirms Plan to Raise Cash from Real Estate, Forecasts Improved Earnings
With its stock continuing to languish, Scholastic issued an earnings update, reversing the small down grade in profits from last quarter. The company is now back to expecting adjusted EBITDA for fiscal 2025 to range between $140 million to $150 million. That was the original guidance before a “subsequently narrowed outlook” after the fiscal third quarter in March. The company cites “successful cost management and solid execution in the fourth quarter.” Following up on ceo Peter Warwick’s statement in March underscoring the value of their “non-operating assets that could be monetized, if and when the company chose to” — pointing […]
ByteDance Publisher 8th Note Shutters
TikTok parent company ByteDance’s digital publishing arm, 8th Note Press, has shut down after less than two years in business. In late May, the company told authors it was closing and began returning their rights, the NYT reports. Late last year, 8th Note partnered with Zando for print publishing, planning to release 10-15 titles per year. Zando no longer lists the company as a partner, and 8th Note has begun taking down ebook editions online. The company did little to promote its titles, despite its ties to one of the largest book discovery and promotion engines, the Bookseller reports. “8th […]