Wiley reported fiscal first quarter earnings on Thursday morning, for the quarter ending July 31. Sales of $404 million were down 10.4 percent from $451 million a year ago following some asset sales. (Additionally, they completed the sale of Wiley Edge’s India operation at a pretax loss of $19.6 million, and the sale of CrossKnowledge, both on August 31, after the close of the quarter. That completes their planned asset sales.) Earnings rebounded, with operating income of $29 million, compared to an operating loss of $16.3 million a year, which was accompanied by a big non-operating impairment charge. But a […]
People 9/3
Len Riggio Dies at 83
The man who built Barnes & Noble into a bookselling powerhouse Len Riggio died at age 83 following a battle with Alzheimer’s disease. In addition to building and running Barnes & Noble, Riggio also founded Barnes & Noble College Booksellers, MBS Textbook Exchange, and GameStop. BN said in a statement, “His leadership spanned decades, during which he not only grew the company but also nurtured a culture of innovation and a love for reading.” A mass of Christian burial will take place on Friday, Aug. 30, at 10:00 am at The Basilica of St. Patrick’s Old Cathedral, 263 Mulberry Street, with a public […]
AAP Annual Stats Show Trade Unit Sales Falling 8.1 Percent in 2023, Balanced By Price Increases
The AAP released their StatShot Annual Report for 2023, now compiled by the same firm that took over the organization’s monthly statistical reports for 2024. In line with that change, the annual data comes from a smaller pool of reporting publishers — 1,275 companies — that looks to align closely with the entities that report monthly data. (Previously, the pool of companies reporting annually was close to 2,300 publishers. The AAP indicates that distributors reported on behalf of fewer distribution clients this year.) As a result of the change in data compiler, the new report carries refreshed data for the past […]
Distribution: SPCK
SPCK (Society for Promoting Christian Knowledge) Group moved their sales and distribution in the US and Canada to Two Rivers Distribution as of July 1, from Baker & Taylor Publisher Services.
Join Our Romance Buzz Panel on Wednesday Night
Tomorrow night is the night for our virtual Buzz Romance Editors Panel, at 7 pm ET, on Wednesday, August 21. We’re excited to have our first-ever librarian host, romance enthusiast Beth Gabriel from the Milwaukee Public Library. Register here if you haven’t already to hear four featured authors from the sampler in conversation with their editors.