Crown announced that it will publish FORWARD: Notes on the Future of Our Democracy by entrepreneur and former presidential and mayoral candidate Andrew Yang on October 5. The book “offers a vivid account of what running for president is really like and a scathing indictment of America’s ‘era of institutional failure.’” Yang reads the audio edition, which will release simultaneously by PRH Audio. Executive editor Paul Whitlatch acquired world rights from David Larabell at CAA.
Scholastic Up for the Quarter but Down for the Year
Scholastic reported earnings for the fourth quarter of fiscal 2021, ending May 31, with sales of $401 million, rebounding strongly from $284 million a year ago — the first pandemic quarter — up 41% percent. In a release, the company cites “improving market conditions, strong demand for foundational literacy programs and summer reading, and top selling trade titles.” The company showed operating income of $9.7 million, back in the black compared to an operating loss a year ago of $46.2 million. Earnings were still held back by one-time pre-tax items, including settlement charges of $20 million “related to intellectual property […]
People 7/23
Tessa James has been promoted to assistant editor at William Morrow.
SCBWI Director to Retire Following Controversy
Co-founder and longtime executive director of the Society of Children’s Book Writers and Illustrators Lin Oliver said in an email that she will retire at the end of this year (which she then confirmed to PW). The organization has been embroiled in controversy following a post in June by chief equity and inclusion officer April Powers condemning antisemitism. When a Palestinian American member asked for a similar statement condemning Islamophobia, she was blocked from the organization’s social media and her comments were deleted. Powers subsequently apologized for “mishandling the moment” and resigned, and Oliver apologized to “our Muslim and Palestinian […]
People 7/22
Sydney Tillman join Little, Brown Children's as publicity manager on July 26. She was most recently at Scholastic.
Partnerships: Welbeck Expands into Australia with Booktopia
Welbeck Publishing Group has created a standalone subsidiary to publish titles directly into the Australia/New Zealand market, in partnership with online retailer Booktopia, which has a 25 percent stake in the new Sydney-based business in exchange for a $3 million (AU) investment. Booktopia will distribute Welbeck’s 4,500 title backlist in ANZ and will form an ANZ publishing program that aims to publish 50 titles per year in fiction, narrative nonfiction, children’s, and illustrated/gift books. Welbeck’s Mark Smith will relocate to Australia for a few months in early 2022 to help set up the business and recruit staff. Marcus Leaver will […]