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Wiley’s Sales Near Flat, Earnings Down in Q3

March 4, 2021
By Sara Grace

Wiley reported third quarter sales for the period ended January 31 of $483 million, up from $467 million, or 3 percent on the topline. But that includes $7.6 million in favorable foreign exchange and added sales from the big Hindawi acquisition. Net income for the quarter was $22.2 million, down from $35 million, while adjusted…

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McGraw Hill Announces Plan to Refinance Its Substantial Debt

December 16, 2020
By Sara Grace

McGraw Hill has announced it had entered into a transaction support agreement that would extend its debt maturity through late 2024. Its revolving credit facility would also be extended, to November 2023. “The Transaction will address upcoming maturities and reduce First Lien leverage without materially increasing total leverage or cash interest expense,” according to a…

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People, Etc.

November 24, 2020
By Erin Somers

Kelsey Nolan has joined Ze Books and Unnamed Press as a publicity and marketing manager. She previously worked at the Los Angeles Times as the events programming manager. Cindy Kim has been promoted to associate editor for Little Simon. Andree Abecassis, 81, died November 4 at home in Berkeley, CA,  following a brief struggle with…

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News Corp CEO Says PRH Would Face Antitrust Fight Over Simon & Schuster

November 19, 2020
By Michael Cader

News Corp. ceo Robert Thomson said in answer to a question at the company’s annual meeting he has no doubt that Penguin Random House would face major regulatory issues in the US if they were to prevail in the bidding to acquire Simon & Schuster. “It will clearly be a serious antitrust issue if Bertelsmann…

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Briefs: New Books From Franzen and Bridges, Chronicle Expands In Games and Toys

November 13, 2020
By Erin Somers

Forthcoming FSG will publish a new novel by Jonathan Franzen, titled CROSSROADS, the first in his trilogy, A Key to All Mythologies, in October 2021. The publisher writes that the novel is “the beginning of a story that encompasses all the ‘mythologies’—the political, religious, and intellectual crosscurrents—that have animated and troubled American life in recent…

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Denver’s Publishing Institute Will Go Online This Summer

May 26, 2020
By Sara Grace

The University of Denver’s Publishing Institute (DPI) summer program is going online for the 2020 session, the institute announced Tuesday, “in order to balance student health with the need to preserve the DPI student experience.” The program itself is “mostly unchanged,” with the same instructors, curriculum, and assignments. Most classes will be taught live, but…

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