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…
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Remember June: How Did They Pick?
Since we dutifully cover many of the monthly retailer and book club picks, we thought it might be interesting to recap the previous month’s selections as well, and see how they sold. (Of course these statistics are only a partial view, of print sales only; we know from experience that Reese Witherspoon’s picks will overweight…
Publishing Snaps Back at Scribd’s Unauthorized “Snapshots”
Authors, agents and publishers were surprised to learn earlier this week that reading subscription service Scribd — a retailer account for publishers — had helped itself to creating 500 short text and audio write-throughs of a swathe of high-profile nonfiction in the name of “discovery.” Did Michelle Obama, Daniel Pink, Elizabeth Gilbert, Phil Knight, Seth…
People, Etc.
Amara Hoshijo has been promoted to editor and rights manager at Soho Press. Ashley Yepsen has been promoted to publicist at The Experiment. Profiled: Editing By Ear Judith Gurewich, publisher of Other Press, was profiled in the NYT, with emphasis on her “uniquely aural editing process.” She has authors come to her home in Cambridge,…
Oni Press/Lion Forge Merger Leads to Controversial Layoffs
Since comics publisher Oni Press merged with Lion Forge and its parent company Polarity on May 8, critics charge that layoffs disproportionately targeted marginalized employees, especially queer women and women of color. The Daily Beast reports that those fired included editor-in-chief Andrea Colvin and associate editor (and Eisner award-winning cartoonist) Christina “Steenz” Stewart. In total,…
Hachette Book Group Introduces Metered Model for Digital Sales to Libraries
Hachette Book Group announced it is changing its model for digital product sales to libraries. Starting July 1, the publisher will shift from perpetual ownership of e-books and digital audiobooks to “a two-year metered model.” In their version, those materials can be lent, an unlimited number of times, on a one-user-per-copy basis, for two years…