McGraw-Hill reported third quarter sales, with their education division dropping 11.6 percent to $1 billion compared, as operating profit fell 16 percent to $298 million. The decline came entirely from the K-12 line, which fell almost 20 percent, “in a 2009 state new adoption market that deteriorated all year as budgetary pressures led a growing number of school districts to postpone purchases.”Release Meanwhile, Barnes & Noble can’t catch a break from Wall Street analysts no matter what they do. On Friday Credit Suisse reduced their target price for the company to $16 per share (about two dollars below its current […]
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NY Stores Plan Celebration
The IBNYC–a New York alliance of over 60 independent booksellers–has declared November 15 through 21 Independent Bookstore Week. The celebration begins early, on November 11, with a party at the PowerHouse Area featuring authors including Jennifer Egan and Kurt Andersen, as “individual stores will sponsor special events and promotions of their own throughout the week.” It concludes on what they call America Unchained Day. They will have a calendar of events at the group’s web site (though it currently lists only three events that week).
People
George Bick has joined the Doug Grad Literary Agency as an associate agent. A sales and marketing veteran of over twenty years at Warner Books, Random House, Simon & Schuster, and HarperCollins, he was most recently svp, director of sales and associate publisher. Bick is actively looking for narrative non-fiction, business, science fiction, horror/paranormal, thrillers, military, comics and graphic novels, diet/self-help, memoir, pets/animals, romance, science, humor, pop culture, and travel. Former managing director at Granta Publications David Graham will serve as a senior advisor to digital publisher. He tells the Bookseller he is “looking forward to helping develop the company’s […]
People
At Dutton, Ben Sevier has been promoted to executive editor. Agent Amy Tipton has left FinePrint Literary Management to join Signature Literary Agency. Former Pantheon publisher Janice Goldklang has joined Globe Pequot Press as executive director of editorial. The Frankfurt Book Fair has fired project manager Peter Ripken, saying in a statement it was for “ongoing difficulties.” As Deutsche World notes, it was Ripken who “uninvited” two Chinese dissidents from that pre-Fair symposium (leading to the Book Fair’s series of denials and apologies). As they report it, Ripken also kept those same two dissidents from speaking at the book fair’s […]
OR Books Goes Rogue with Initial Release
The direct-sale start-up OR Books, founded by John Oakes and Colin Robinson, announced their inaugural title yesterday–which just happens to share some striking similarities with another prominent forthcoming release. OR Books is issuing GOING ROUGE: Sarah Palin, An American Nightmare on November 17, the same day when HarperCollins publishes GOING ROGUE: An American Life by Sarah Palin. Comprising essays assembled by Nation editors Richard Kim and Betsy Reed, it promises “progressive perspectives on Sarah Palin’s political career” by writers including Naomi Klein, Jane Mayer, Katha Pollitt, Jim Hightower, Christopher Hayes, Gloria Steinem, Joe Conason, and Tom Frank. Harper had […]
Briefs: Target Joins Price War, and BN Prepares Nook
A couple of noteworthy but ultimately short stories. Target joined the pre-order bestseller price war, though in more limited fashion. They’re matching Walmart.com’s $8.99 offer with free shipping included, but on just six November pre-order titles. Boulder Bookstore buyer Arsen Kashkashian has suggested via Twitter that fellow indies cancel their publisher pre-orders on these deep-discounted forthcoming titles and take advantage of their competitors’ loss leaders. Bookstores will save money, he reasons, while helping Amazon and Walmart.com lose more. And Barnes & Noble’s afternoon media event suffered another pre-announcement leak–this time from the bookseller itself. An ad in next Sunday’s NYT […]