Sales dipped at Scholastic in their fiscal third quarter, ending February 28, dropping $5 million to $373.5 million. Their seasonal net loss of $12.1 million was an improvement over the $20.1 million loss a year ago, though “solely the result of a favorable settlement of outstanding federal tax audits which resulted in a one-time tax benefit of $13.8 million.” The loss on continuing operations grew to $41 million (compared to $31.5 million a year ago.) The company said results were held back by lower educational technology sales as they combined their educational technology and classroom and supplemental materials sales forces. Special costs […]
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Penguin Random House India announced new publishing, sales and marketing leadership appointments and a cross-company organizational structure, effective April 1. Penguin India publisher Chiki Sarkar will become publisher of Penguin Random House India, reporting to Penguin Random House India CEO Gaurav Shrinagesh. (She was previously Random House India’s first editor-in-chief in 2006.) Milee Ashwarya and Meru Gokhale will both serve as publishing director, Penguin Random House India, reporting to Sarkar. Gokhale will have responsibility for Vintage India, Allen Lane, Hamish Hamilton, Viking and Classics; Ashwarya will oversee Ebury India, Random Business, Portfolio, Metro Reads, Shobhaa De Books and Penguin Ananda. […]
Forthcoming: Tolkien’s Beowulf, 88 Years Later; Grove/Atlantic Picks up @GSElevator
HarperCollins UK and Houghton Mifflin Harcourt will release JRR Tolkien‘s translation of BEOWULF on May 22. The manuscript, long available in the archives of the Bodleian Library but never published, was first finished in 1926 “before he became professor of Anglo-Saxon at Oxford” according to his son Christopher, who edited the 2,000-page work for publication. “[JRR Tolkien] returned to it only for hasty and cursory correction in later years, yet much light would be shed on this translation in his University lectures that were expressly devoted to the text, and from them a commentary has been devised for this book,” […]
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Publishing Technology will promote chief operating officer of their online division Michael Cairns, who joined the company a year ago, to CEO, as of April 1. George Lossius had announced recently that he would step down as chief executive as the business “focuses more on business development and implementation.” Publishing Technology chairman Martyn Rose says in the announcement, “His market knowledge and expertise in digital publishing are unquestionable and his appointment gives the business continuity and a leader who will drive the business to deliver the next phase of our strategy.” The Robbins Office has appointed Aitken Alexander Associates in London as […]
Briefs: Trudeau Sentenced to 10 Years in Prison; Carnegie & Greenaway Awards Shortlists; and More
Allen Guelzo has won the inaugural Guggenheim-Lehrman Prize in Military History for GETTYSBURG: The Last Invasion (Knopf). The $50,000 prize was announced Monday night at a ceremony held at the New-York Historical Society. The Carnegie and Kate Greenaway Medal shortlists were announced this morning, with the winners to be named on June 23. Anne Fine, Rebecca Stead, and Susan Cooper landed on the Carnegie list, while Jon Klassen appears twice on the Greenaway shortlist for THIS IS NOT MY HAT and THE DARK (text by Lemony Snicket). Onetime bestselling weight-loss “guru” and infomercial staple Kevin Trudeau was sentenced to 10 […]
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Jostling for talent among the big literary agencies continues. Just as Kirby Kim joins Janklow, Nesbit from WME, Alexandra Machinist is leaving Janklow, Nesbit after 3 years with the agency for ICM Partners. Department co-leader Sloan Harris says “Alexandra’s impeccable taste and commitment to building her clients’ careers has enabled her to represent an incredibly diverse and successful list. The other co-leader Esther Newberg adds, “She is a highly respected agent in the publishing community, and her experience in representing all types of genres will make her a valuable asset to our publications team.” At Disney-Hyperion, Rotem Moscovich has been promoted to […]