Scholastic reported results for the third quarter ending February 29, and announced cost and service cuts due to the pandemic: “We are taking aggressive actions to reduce operating expenses throughout the company, including the temporary closing of warehousing and distribution centers, and a freeze on hiring, travel and other discretionary spending not directly tied to…
How Publishing Works
Many Less Happy Returns, and A Light Forecast for Spring, As Barnes & Noble Prepares Inventory Shift
This time a year ago publishers were worried about printing and restocking the books customers wanted before the holidays, but now the concern that a number of publishers and agents have been expressing in recent weeks is somewhat of the inverse. They’re focused on leftover stock at Barnes & Noble that will be sold under…
Briefs: New from Owens and Clintons, The Atwood Review Embargo, and More
Forthcoming Delia Owens‘ WHERE THE CRAWDADS SING, will be published in a Spanish-language edition in the US and Canada by Vintage Español. La chica salvaje will release in trade paperback on October 29, with Penguin Random House Audio publishing the audio edition. (That’s the title used by El Ático de los Libros in Barcelona, which…
LSC Closes Plant in Torrance, Says More to Come
Troubled printer LSC Communications announced second quarter results on Thursday morning, with net sales of $869 million, down 7.8 percent from $943 million in the same period last year. As expected, they had a net loss of $24 million, which included after-tax charges of $26 million, “primarily due to the impairment of intangible assets in…
DOJ Sues to Block Quad-LSC Merger
The US Department of Justice filed a lawsuit in an Illinois District Court on June 20 to block the proposed merger of Quad and LSC Communications, the last two major US based book printers standing after several years of consolidation in a contracting print industry. The merger, says the filing, “threatens to increase prices, reduce…
Industry Considers POD as Offset Capacity Shrinks
The Book Industry Study Group held a two-hour panel June 6 on “The Potential for On-Demand Printing,” moderated by Ken Fultz, recently retired from his role as general manager at Ohio-based Bookmasters. Contributing were Andrea Fleck-Nisbet (Ingram Content Group), Dane Neller (On Demand Books), Michelle Weir (Hewlett Packard), and Rich Dzurus (Canon). Approximately 30 printing,…