Adam Wilson has been promoted to executive editor at Hyperion Avenue.
People 9/7
At Scholastic, Jeff Mathews has rejoined in the new role of executive vice president, corporate development and investor relations. He was most recently at Gagnier Communications.
Wiley Reports Flat Sales, Operating Loss
In the first quarter of fiscal 2023, Wiley reported sales of $488 million, flat with the same period last year and up from the past several years (Q1 2021: $431 million; Q1 2020: $423.5 million; Q1 2019: $411 million). Operating loss was $(17) million, compared to a $41 million gain last year. The company also reported a net loss of $(18) million, down from net income of $14 million in 2021. Adjusted EBITDA was $64 million, down (34) percent, “due to investments in Research, higher employee costs, increased T&E spend related to the resumption of in-person activities, and market-related challenges […]
Politics and Prose Union Reaches Contract
Workers at Politics and Prose in Washington, DC, who unionized with United Food & Commercial Workers Local 400 in January, ratified their contract yesterday. The three-year contract, which applies to approximately 50 current employees across locations, includes provisions for better pay and scheduling, new procedures to address disputes with management, and “expands on existing anti-discrimination language,” among others. Instead of merit-based pay increases, the new contract establishes a guaranteed annual raise based on experience and will go up along with DC’s annual minimum wage increases. “We are incredibly elated to have arrived here after eight months of hard work, and […]
Scholastic Acquires Learning Ovations
Scholastic has bought Learning Ovations, the creator of literacy screening and assessment system A2i, for an undisclosed amount. The publisher will integrate Learning Ovations’ staff and technology into Scholastic Education Solutions’ literacy platform. A2i was developed with research from educator Dr. Carol Connor and researchers at Florida Center for Reading Research (FCRR) and University of California, Irvine. “Carol Connor was a teachers’ teacher, dedicated both to helping every child learn to read – regardless of background, disadvantage or learning challenge – and to supporting teachers with tools that are both deeply rigorous and easy to use,” evp, president Scholastic Education […]
2022 Hugo Awards
This year's Hugo Awards were announced at the World Science Fiction Convention on September 4.