On November 26, St. Martin’s will publish FREEDOM, a memoir by Angela Merkel, the first woman chancellor of Germany. They will publish simultaneously with sister companies Kiepenheuer & Witsch (Germany) and Pan Macmillan (UK), and the book will release in “many other countries around the world.” The book, in which she “reflects on her life in two German states—35 years in the German Democratic Republic, 35 years in reunited Germany,” is co-written with Beate Baumann, Merkel’s longtime advisor.
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Stephanie Davis has been promoted to brand director at Crown.
Harper Collins Reports A Soft Quarter, As Physical Book Sales Fall
News Corp reported earnings for their fiscal third quarter ended March 31, with sales at Harper Collins of $506 million, down 2 percent from the record high $515 million in the same quarter last year. The decline was due to lower physical book sales, which were partially offset by higher digital sales and lower returns. Earnings improved 2 percent, with EBITDA of $62 million, attributed to “lower manufacturing, freight and distribution costs driven by product mix” and the absence of last year’s high supply chain costs, but offset by slower sales and increased employee costs. (Remember, the Harper union was […]
Bertelsmann Touts Organic Growth As Overall Sales Fall
Bertelsmann made a brief announcement of financial results for the first quarter, reporting overall sales of €4.3 billion ($4.67 billion), down 9 percent due to the company’s sale of their stake in Majorel. Organic growth was 3.6 percent. “Bertelsmann has gotten off to a good start in fiscal 2024, and is once again experiencing stronger growth from within,” chair and CEO Thomas Rabe said in a release. “We confirm our forecast for the current year.” At Penguin Random House—which was not among the businesses listed as the largest contributors in the quarter—top titles included Ashley Elston’s FIRST LIE WINS, which […]
Storytel Grows Earnings In Q1
Swedish audiobook company Storytel released results for the first quarter 2024, with sales up 12 percent to SEK891.9 million ($85.8 million). Operating loss improved to SEK24 million, compared to SEK48 million the previous year. EBITDA grew 50 percent to SEK50.9 million, which the company attributed to “strong streaming growth and a reduction of costs as a result of cost efficiency measures” (they reduced the workforce by 13 percent in the quarter). “The first quarter marked another step up in our financial performance as Storytel delivered a strong result with improved profitability and operational cash flow,” CEO Johannes Larcher said in […]
New Books Publishing May 7
This week’s fiction releases include new books by Colm Toibin, Jasper Fforde, and Renée Watson. Jen Psaki, Tom Selleck, Johann Hari, and Brittney Griner publish nonfiction works this week, while May’s YA releases include new novels by Samira Ahmed, Morgan Matson, and Anna-Marie McLemore. Also out this week are new books by Eve J. Chung, Mary Annaïse Heglar, and Emiko Jean, all excerpted in our Buzz Books 2024: Spring/Summer anthology. 44 works of fiction https://bookshop.org/lists/new-fiction-publishing-may-7 22 works of nonfiction https://bookshop.org/lists/new-nonfiction-publishing-may-7 24 children’s/YA titles https://bookshop.org/lists/may-2024-children-s-new-releases From Buzz Books https://buzz.publishersmarketplace.com/ We consult […]