NYPL Young Lions Award
Wiley Sales Grow Due to AI Deal
Wiley announced fourth quarter and full year earnings for the period ended April 30, marking a turnaround for the company. For the fourth quarter, including held for sale or sold assets, sales were down 11 percent to $468 million and operating income fell 17 percent to $69 million. Excluding those assets at constant currency, adjusted sales were up 4 percent to $441 million and adjusted EBITDA gained 7 percent to $125 million. For the year, sales were down 7 percent to $1.873 billion with operating income down 6 percent to $52 million. Adjusted sales were $1.617 billion, down 1 percent, […]
B&N Reportedly Bids on Tattered Cover
Barnes & Noble is the top bidder to take over Tattered Cover, according to Business Den, citing a source “familiar with the process.” The store’s owners cancelled the auction that was set for Wednesday. Company spokesperson Steven Silvers said in a statement, “At this time the board, management and corporate counsel are all actively engaged in ongoing discussions and negotiations with the qualified bidders. We don’t know how long these will continue or when we’ll have more information.” He continued, “All parties are taking this process very seriously and discussions have been positive. We remain quite hopeful that Tattered Cover is […]
People 6/13
CookeMcDermid founding partner Sally Harding is retiring.
Authors Equity Announces First 10 Titles, Starting In September
Authors Equity announced their first 10 planned titles, with the first due in September. The main commonality, as they write in the announcement, is “that these are all creators driven to try something new.” Among the first releases are books by entrepreneur and business/marketing guru Seth Godin, self-help author Rachel Hollis, and venture capitalist Reid Hoffman. Authors Equity will also publish the James Frey novel (Next to Heaven) that recently sold for TV rights next summer. Their other fiction offerings include a romance “every couple of months” from 831 Stories, starting Authors Equity off on September 10 with Big Fan […]