The Barnes & Noble in the Edgewood Retail District in Atlanta will close on April 3, as the landlord has decided not to renew their lease. In an announcement posted to their Twitter, the store said, “We loved being part of this community and will do everything we can to find a new location.” The announcement goes on to state, “We proudly serve America with over 600 bookstores in every U.S. state and are actively opening newly designed stores in communities across the country.”
Martha Wells Declines Nebula Nomination
The Science Fiction and Fantasy Writers of America announced finalists for the 2022 Nebula Awards. The SFWA noted that Martha Wells “graciously” declined her novella nomination for Fugitive Telemetry: Murderbot Diaries, Book 6. “Wells felt that the Murderbot Diaries series has already received incredible praise from her industry peers and wanted to open the floor to highlight other works within the community.” In a blog post, Wells said that after multiple Nebula and Hugo nominations and wins for the Murderbot series, “someone else could use this nomination better than I could.” Wells discussed her decision with SFWA board president Jeffe Kennedy, […]
People 3/8
Hachette Book Group announced a plan to combine HBG and Workman sales and subrights teams, taking effect March 14. Ashley Mason has been promoted to associate managing editor. Krestyna Lypen has been promoted to senior editor of Algonquin Young Readers.
BNED Reduces Earnings Expectations; Wiley Reports “Strong” Earnings
Barnes & Noble Education reported third quarter earnings for the period ended January 29, with sales of $403 million, down 2 percent from $412 million last year. Net loss was $(36.8) million, down from $(48.3) million last year, and adjusted EBITDA was $(13.1) million, compared to $(20.8) million last year. The Omicron surge caused campuses to delay the start of spring semester classes and/or hold them virtually, leading to lost or delayed sales in the quarter. That led to a reduction in guidance as well: For fiscal 2023 the company expects adjusted EBITDA “to be lower than pre-COVID levels, as […]
Audie Awards
In a ceremony on Friday, the Audio Publishers Association presented the 2022 Audie Awards.
“Passion Over Money”: On Careers With a Publishing Master’s Degree
Last year, the WSJ reported that graduates from top universities don’t earn enough to pay off loans for their master’s degrees in a number of disciplines. According to the article, “At New York University, graduates with a master’s degree in publishing borrowed a median $116,000 and had an annual median income of $42,000 two years after the program, the data on recent borrowers show.” Still, many alumni tell PL that they wouldn’t have a job in publishing at all without their master’s program. Graduates report that, even after internships and interviews, getting a master’s—with the networking opportunities and internal job […]