Wiley: Sales Rise, Profits Fall Wiley announced third quarter sales of $297 million, up 7 percent from a year ago, with adjusted net income of $32 million, down from $34 million a year ago. In the US, the professional/trade division rose two percent, to $103 million. The company says backlist sales and “the strong performance…
Lunch for Wednesday, March 7
Marquez Resumes Memoir Gabriel Garcia Marquez celebrated his 80th birthday yesterday and “told friends that he has begun writing his second volume of memoirs” — a happy contrast to his statement last year that he had “run out of gas” for writing. The report comes not from Marquez himself, but friend and collaborator Plinio Apuleyo…
Lunch for Tuesday, March 6
Endeavor Confirms NY Literary Expansion Weeks after the first report on Gawker, Endeavor has confirmed its hiring of agent Richard Abate from ICM to create a New York-based book division, operating out of their Carnegie Hall Towers office. Variety says the “plan [is] to grow a full-fledged business that will likely be staffed by at…
Lunch for Monday, March 5
Bad News Barnes Barnes & Noble surprised Wall Street by announcing a sharply reduced earnings forecast for the coming year (approximately 30 percent or more below what analysts were expecting) along with same-store sales predictions of “flat to slightly positive for the year,” even with the new Harry Potter book. Margins are under pressure from…
Lunch Weekly for Monday, March 5
FICTION Debut Jancee Dunn’s first novel, IN BETWEEN DAYS, the humorous and nostalgic story of a 30-something New Yorker who is forced to relive her 1980s past when she moves back into her childhood home after getting dumped by her husband and leaving her job, to Jill Schwartzman for Villard, in a two-book deal, by…
Lunch for Friday, March 2
Because 20 Isn’t Quite Enough — Nor Was $100k Granta announced their second list of the 21 best American writers under age 35 (though 5 were born outside the US) last night. They picked: Daniel Alarcon; Judy Budnitz; Kevin Brockmeier; Christopher Coake; Anthony Doerr; Jonathan Safran Foer; Nell Freudenberger; Olga Grushin; Dara Horn; Gabe Hudson;…