Ann Arbor, MI-based book manufacturers Edwards Brothers and Malloy have merged to form the US’s sixth-largest book printer. The new company, now called Edwards Brothers Malloy, has combined sales of $115 million and will have three offset facilities—Edwards Brothers’ plants in Ann Arbor, MI, and Lillington, NC, and Malloy’s operation in Ann Arbor—along with 11 digital print plants in the United States, Canada, and the UK. Edwards Brothers president and ceo John Edwards will be ceo of the merged company, with Malloy president Bill Upton continuing as vp operations and Joe Upton remaining as vp sales and marketing. Edwards said […]
Finance
Amazon’s Fourth Quarter Sales Are $800 Million Below Expectations; NA Media Growth Falls to 8 Percent
In recent quarters Amazon’s sales have grown sharply while earnings have diminished as the company invested in increased capacity and growing their Kindle business. At the close of the market Tuesday, the company reported fourth quarter sales that will be viewed as a stumble by Wall Street: Their $17.43 billion in revenue is well below the $18.2 billion analysts were expecting, though in the middle of the company’s broad guidance, up 35.5 percent over a year ago. The stock headed south in after-hours trading on the sales shortfall, down almost 9 percent, and fell further in regular trading this morning, […]
Supporters of Menlo Park Store Formalize As Kepler’s 2020 Project
Efforts to stabilize, preserve and redefine Kepler’s Books in Menlo Park, CA that we covered in January have taken shape into a formal Kepler’s 2020 initiative, announced via press release and at the store’s web site. “The project aims to create an innovative hybrid business model that includes a for-profit, community-owned-and-operated bookstore, and a nonprofit organization that will feature on-stage author interviews, lectures by leading intellectuals, educational workshops and other literary and cultural events.” As noted previously, entrepreneur Praveen Madan is leading “a volunteer transition team [that] has begun work on a comprehensive development, financial and operational plan” for the […]
People, Etc.
Emily Williams has joined Barnes & Noble as international content manager for digital products, reporting to Patricia Arancibia, who was recently promoted to director, editorial & publisher relations for international content. She was most recently digital content producer for Publishers Marketplace, and we wish her the very best of luck in her new endeavors. At Triumph Books, Adam Motin has been promoted to managing editor, Noah Amstadter moves up to senior acquisitions editor, Jess Jordan has been promoted to associate editor, and current editorial director Don Gulbrandsen will move into an at-large role focusing on strategic initiatives, acquisitions and management […]
Corporate: Apple Sold 15.4 million iPads in First Quarter; Meredith Buys AllRecipes.com
Apple reported record earnings for the first quarter of its fiscal year, ending December 31, and beat Wall Street expectations so handily the stock was halted after hours Tuesday, rising more than $30 a share. The company sold 15.4 million iPads and 37 million iPhones during the quarter on net income of $13.1 billion, and $43.4 billion in revenue. Profits more than doubled compared to the first quarter of 2011. Apple sold over 40 million iPads in 2011, and has moved more than 55 million units since launching in early 2010. Release Though Random House was among the four reported […]
RCS Entertaining Offers For Flammarion Sale
Italian publishing giant RCS, which owns Rizzoli and Corriere della Serra, has confirmed what a number of stories out of Europe had been reporting for the past few days: they are exploring the possibility of selling off Flammarion in France, which it has owned since 2000. RCS said Friday in a statement obtained by Bloomberg that there will be a preliminary review of any expression of interest “in relation to assets not straightly included in the core business, comprising Flammarion, and non-core assets.” Earlier this week EconomiaWeb reported that Gallimard expressed an interest in buying Flammarion, with RCS seeking at […]