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Potter and FX Lift Bloomsbury's Sales, But Not Profits

Bloomsbury reported results for their fiscal year, ending February 28, with sales of £142.6 million, up £18.9 million, as profit before tax fell £1 million to £12 million. Despite their intention "to become primarily a non-consumer publisher in the B2B academic and professional information market," Bloomsbury is still very much…

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Lagardere Publishing Gains On Perseus and Rowling

Lagardere Publishing reported results for the first quarter of 2017, with sales of €440 million, up €25 million from a year ago -- though €18 million of that gain came from the addition of the Perseus imprints, leaving a 1.7 percent rise in the traditionally modest quarter. A "significant restocking of…

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Harper's Sales Rebound A Little

Sales rebounded somewhat at HarperCollins in the parent company News Corp.'s fiscal third quarter, ending March 31, with revenues of $374 million. That's a $16 million gain from the same quarter a year ago, though that was a poor period for Harper; in the same quarter in fiscal 2015 sales…

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Pearson Shares Rise On A Third Big Restructuring, and Possible Sale of K-12 Publishing Business

Pearson cheered investors by announcing plans for a third broad-scale restructuring, focused on North America, which should lead to further staff reductions. For now, all they are saying is, "We have engaged in a further rigorous cost benchmarking process across our business and have identified a further significant additional cost…

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Simon & Schuster Gains In First Quarter

Simon & Schuster's parent company CBS reported first quarter earnings on Thursday afternoon, with the publisher recording sales of $161 million, up $16 million (or 11 percent) over the same period last year. Helped by the acquisition in the previous quarter of Adams Media, the company saw broad sales gains,…

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Houghton Stabilizes As Trade Sales Lift In First Quarter

Houghton Mifflin Harcourt reported less dramatic results for their first quarter on Thursday morning. Sales of $221.9 million were up $16.1 million from a year ago, largely due to higher sales in California Reading and a $5 million fee "associated with the expiration of a distribution agreement." They were also helped by a…

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Quarto's Earnings Suffer From Direct Sales Unit

Quarto reported sales of $188 million for 2016, up $6 million from the year before, though operating profit fell to just $1.7 million, due to the $14.2 impairment charge related to the Books & Gifts Direct businesses in Australia and New Zealand that are being sold. Operating profit absent that…

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Penguin Random House Sales Down Almost 10 Percent In 2016

Bertelsmann reported full results for 2016 on Tuesday morning, with sales at the Penguin Random House division falling 9.6 percent to €3,361 million (in line with the 10.7 percent decline they reported after the first six months of the year). Operating EBITDA was €537 million, compared to €557 million a…

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Trade Sales Fall In Down Quarter for Scholastic

Scholastic reported lower sales and a higher seasonal loss for their fiscal third quarter, ending February 28, but the company said it "controlled costs effectively, protecting profits despite reduced sales in clubs." Sales of $336 million were down by 8.2 percent ($30 million), on "lower revenues in book clubs and trade,"…

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Lagardere Publishing Profit Rises, As HBG USA Sales Fall 4.2 Percent

Lagardere followed up their headline sales report for 2016 with fuller details, adding information on profits and other granular breakdowns. Group recurring EBIT came in at €395 million versus €378 million in 2015, and publishing EBIT of  €208 million was up €10 million -- comprising over half of the group's…

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