The Federal Court docket now includes two separate filings from Apple’s attorney on Friday, presenting the company’s revised approach to the proposed injunction. Apple is walking a line between Judge Denise Cote’s guilty verdict and the company’s belief that they are innocent and their hopes to prevail on appeal. Nonetheless, Apple attorney Orin Snyder insisted in his letter to Judge Cote on Friday that the company “has attempted in good faith to listen carefully to the court’s concerns and address those concerns in a forthright manner, even while it pursues what it believes to be strong arguments on appeal.” Our […]
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Apple Replies to DOJ’s “Draconian and Punitive” Proposals
Following Friday morning’s filing of the Department of Justice’s sweeping requests in proposing penalties on Apple that would affect both the iBookstore as well as the entire digital content business, and put the company under extensive 10-year monitoring, Apple filed their reply on Friday afternoon with equal vigor: “Plaintiffs’ proposed injunction is a draconian and punitive intrusion into Apple’s business, wildly out of proportion to any adjudicated wrongdoing or potential harm.” The follow by calling the proposal “a sweeping and unprecedented injunction as a tool to empower the Government to regulate Apple’s businesses and potentially affect Apple’s business relationships with thousands […]
People, Etc.
At Macmillan Children’s, Caitlin Sweeny has been promoted to digital marketing manager, taking the lead in managing all digital marketing initiatives for titles and campaigns. Ksenia Winnicki has been promoted to associate digital marketing manager. Also, Susan Dobinick has been promoted to associate editor at Margaret Ferguson Books. Becky Thomas has joined Ben Mason at the literary agency Fox Mason Ltd in the UK. She was previously at William Morris Endeavor. Forbes releases their annual list of the most “powerful celebrities,” which bases rank on a combination of estimated earnings as well as squishier “TV/radio rank; press rank; marketability rank; and social […]
Scholastic Sales and Profits Fall Again As They Cut Full-Year Sales Projections
Scholastic reported results for the third quarter ending February 28 and as with the second quarter, overall sales fell 18.5 percent to $380.5 million, and profits declined further. The company reported a net loss of $20.1 million (or 63 cents a share) as compared to a loss of $10.3 million (or 32 cents a share) a year ago, largely because of “significantly lower sales” of the Hunger Games trilogy. Those sales continued to decline even faster than Scholastic was expecting. Scholastic also blamed the overall revenue and profit declines on “a planned increase in investments in digital initiatives” and pointed […]
Wiley, AAP Express Disappointment in Supreme Court Kirtsaeng Decision
A day after the Supreme Court overturned a lower court decision and sided with the defendant in John Wiley’s case against Supap Kirtsaeng, saying first sale doctrine does apply to overseas sales, the news has begun to sunk in, and reactions range from praise to criticism. Wiley ceo Stephen Smith expressed disappointment in the Supreme Court ruling against the company, calling it “a loss for the U.S. economy, and students and authors in the U.S. and around the world.” In its statement about the Kirtsaeng decision, the AAP also said it was disappointed the ruling “ignores broader issues critical to America’s […]
More HarperCollins Financials Revealed
News Corp.’s February second quarter earnings report gave no numbers on the performance of HarperCollins–but an amended proxy statement outlining more details on the planned publishing division spinoff (aka New News Corp) provided real financial data on the book publisher’s fiscal 2013 so far. For the second quarter, Harper sales were $377 million, up 25 percent from $301 million a year ago, with EBITDA of $51 million, up 24 percent from $41 million the previous year. In the original filing, posted on December 20, Harper reported first quarter sales of $352 million and EBITDA of $40 million. For both quarters, the […]