On the Read Smart podcast from the Baillie Gifford Prize for Non-fiction, Barnes & Noble ceo James Daunt and Grove Atlantic ceo and publisher Morgan Entrekin discussed how the last 18 months affected their businesses, selling books across the political divide, and how young adults enjoy physical books. As always, Daunt was positive about how B&N has fared during the pandemic, noting that sales went up greatly after the store closures in the first months of lockdowns. Entrekin said that Grove Atlantic’s decision to not move most of their books out of the spring and summer in 2020 “cut both […]
People 9/8
Zack Knoll has joined Abrams as editor. He was previously at Simon & Schuster.
Read with Jenna September Pick
Streaming, Print Revenues Up at Storytel, But Moderated Forecast Hits Stock
Swedish ebook streaming service and publisher Storytel reported results for the second quarter ended June 30, with streaming sales of SEK545.5 million ($64.7 million), up from SEK459.1 million a year ago, or 18.8 percent. Print publishing sales were SEK149.96 million, up from SEK126.74 million, or 18.3 percent. Pre-tax loss for the quarter was SEK(132.8) million, compared to a loss of SEK(72.6) million in Q2 2020. (As in the past, the company expects loss while in this growth mode.) During the quarter, Storytel acquired Finnish publisher Aula & Co. They expect the partnership with Spotify, announced in May, to be implemented […]
September Book Club Picks
Reese's Book Club's September pick is L.A. Weather by María Amparo Escandón.
People 9/2
Helen Healey has been promoted to editor at Portfolio and Sentinel.