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Simon & Schuster Finishes with Declining Sales But Rising Profits

Sales at Simon & Schuster fell to $209 million in the fourth quarter, down $24 million compared a year ago. (In 2014, the company had sales of $215 million in the quarter.) CBS said in their release the decline reflected "a difficult comparison with the fourth quarter of 2015, which…

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Harper Regains Some Ground In Second Quarter

News Corp. reported results for their fiscal second quarter ending December 31 on Thursday after the close of the market. They cited "meaningful revenues at HarperCollins" as the publisher's sales rebounded to $466 million (up $20 million from a year ago) and EBITDA of $75 million (up from $57 million a…

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A Soft Finish for 2016 At Lagardere Publishing

Lagardere reported fourth quarter results after the close of the market in Paris on Thursday, with publishing division sales of 619 million euros down 1.9 percent (or €12 million), "as expected," since they published a new Asterix in France in the final quarter of 2015. Acquisitions, including Perseus, added €22…

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Quarto to Sell Ailing Books & Gifts Direct; Peanuts Stake for Sale

After years of poor results from the Books & Gifts Direct business in Australia and New Zealand, Quarto announced preliminary agreement on a sale on that division, with the deal "anticipated to close in the coming weeks." They are expected to receive a mere $1 million (Australian) in cash, plus $4.75 million "in…

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Scholastic Gains On Smaller Potter Bump

Scholastic reported fiscal second quarter results Thursday morning, for the period through November 30, with another Harry Potter boost from Fantastic Beasts lifting sales, albeit less dramatically than the gains the previous quarter from HP and the Cursed Child. Sales of $623 million were up $21 million, or 3.5 percent, with…

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Wiley Suffers Declining Book Sales and Special Charges

Wiley reported second quarter sales through October 31 on Wednesday morning, continuing the pattern from the first quarter of fiscal 2017. Sales of $425.6 million were down $7.8 million (or 2 percent) from a year ago, with a net loss of -$11.45 million (compared to a profit of $43.6 million…

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Pottermore Reports Another Big Loss, Still Promising Turnaround

A year ago JK Rowling's representatives were insisting the worst was behind them after reporting a significant annual loss for Pottermore, citing "recording breaking sales in December 2015" -- and now the turnaround story is being pitched again. They are "on the path to profitability" for the fiscal year ending…

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Potter and Education Lift Lagardere Publishing

Lagardere reported third quarter results, with the publishing division reporting "a strong quarter with double-digit growth," based on a few gifts: They gained from publishing the Harry Potter play script in the UK and export territories, and from "the effects of curricular reform in France," plus the unit continued to…

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A Mixed Quarter for Harper, As Profits Rebound On Declining Sales

HarperCollins' parent company News Corp. reported fiscal first quarter results on Monday after the close of the market, with mixed results for the book publishing unit. Sales of $389 million were down $20 million from the first quarter a year ago -- blamed on the "the absence of revenues from…

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Springsteen Helps S&S To a Strong Third Quarter

Simon & Schuster's parent company CBS reported third quarter sales after the close of the market on Thursday, with book publishing revenues rising 11 percent to $226 million from $203 million a year ago, good enough to turn sales positive for the year-to-date. Operating income also grew modestly, by $1…

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