Scholastic reported earnings results yesterday afternoon for the first quarter of fiscal 2021, ending August 31. Sales were $215 million, down 7 percent compared to $233 million last year, due largely to the delayed reopening of schools. Trade revenue was down $2.2 million, to $71.9 million compared to $74.1 million last year, as the new…
Macmillan Will Raise Starting Salaries to $42K
Macmillan announced Thursday that the entry salary level in the US will be raised to $42,000, effective December 27. As part of the initiative, new ceo Don Weisberg said, current employees below that level will get a raise as well. “In addition to the benefit this provides to existing employees,” Weisberg said, “we expect this…
People, Etc.
Abigail Walters, Carlos Segarra, Emily Westcott, and Alex Rice have each been promoted to agent at CAA. All four are based in New York. At Aitken Alexander Associates, Emma Paterson joins the board of directors. Chris Wellbelove becomes head of the book department. At Westwood Creative Artists, Emmy Nordstrom Higdon has joined as literary agent. They were previously at…
White House Aides Intervened in Review of Bolton’s Book, Official Says
Ellen Knight, the former NSC official who oversaw the prepublication review of former national security advisor John Bolton’s book, filed an extensive and extraordinary letter with the court in the DOJ’s case against Bolton. Through her attorney Kenneth L. Wainstein, Knight describes a “designedly apolitical process [that] had been commandeered by political appointees for a…
Hollywood Trade Publications Merge In New Joint Venture
The parent company of Variety, Deadline and other trade magazines will take over management of competitor The Hollywood Reporter (as well as Billboard and other publications) as part of two joint ventures announced Wednesday. Penske Media (PMC) will run daily operations of the magazine conglomerate, while their one-time rival MRC will run a separate joint…
People, Etc.
Jennifer Sit has been promoted to executive editor at Clarkson Potter. Helen Garnons-Williams will join Penguin UK as publishing director for Fig Tree early next year. She is currently associate publisher at 4th Estate and William Collins. Jenna Jankowksi has been promoted to assistant editor at Sourcebooks. Former chief executive of Sage Paul Walker will take over…