Hastings Entertainment reported an increase in fourth-quarter earnings, with a net income of $9.1 million or $0.94 per share, compared to $4.1 million or $.41 per share in the corresponding period one year earlier. Total revenue for the quarter climbed 5.5 percent to $176.1 million, from $166.9 million a year earlier. For the twelve-month period, net earnings also rose to $6.9 million or $0.71 per share from $4.1 million or $0.39 per share in the previous year. revenues decreased 1.4% to $531.3 million from $538.7 million last year. Comparable store revenues for books, however, dropped 0.5% for the year ending […]
People
Curtis Riskey has been appointed Executive Director for CBA, effective immediately, after serving in an interim position since November 2009. Previously he was the Association’s strategic solutions executive. ReleaseSimon Juden has left his post as Chief Executive of the Publishers Association for Pearson, where he will be Head of Public Affairs. The Bookseller Chronicle Books announced a slew of promotions across the company. Sarah Billingsley has been named Assistant Editor, Food & Drink, while on the Children’s side, Melissa Manlove has been promoted to Editor, Mary Colgan to Assistant Editor, Eloise Leigh to Designer, and Amy Achaibou to Senior Designer. […]
Lunch Weekly for Monday, March 22
Deal Reports Just e-mail to deals@PublishersMarketplace if you aren’t using the online form linked below. Report a deal using the online form The Key As usual, the handy key to our Lunch deal categories. While all reports are always welcome, those that include a category will generally receive a higher listing when it comes time to put them all together. “nice deal” $1 – $49,000 “very nice deal” $50,000 – $99,000 “good deal” $100,000 – $250,000 “significant deal” $251,000 – $499,000 “major deal” $500,000 and up FICTION Children’s: Middle grade 2007 California Teacher of the Year and author of […]
People
Melissa Possick will become associate publisher for Random House Trade Paperbacks on April 5, reporting to Jane von Mehren, as Kim Hovey focuses full-time on her role as associate publisher for Ballantine. Possick, who began her career at Random House, is currently director of marketing at Workman. Katy Hershberger has been promoted to senior publicist at St. Martin’s.
Looking Back On Studio
We were interested in Bob Miller’s own take on the Harper Studio experiment, which he offers below: “The Harper Studio experience has been a gratifying and educational one. I think that the large publishing conglomerates of the future should have units devoted to experimentation, and I think we need to keep trying as an industry to find ways to share risks and rewards differently with authors on the one hand and retailers on the other. Authors need to be treated as partners both creatively and financially; booksellers also need to find ways to share the risk, especially on new authors. […]
Briefs
Finally, a day this week without headline news… Among other items, the schedule for this year’s PEN World Voices Festival has been announced. Slate has an interesting video on how easy, and inexpensive, it was to schedule a 30-second ad to run on national television via Google’s TV advertising program. The point is that you can reach television-scale audiences for hundreds of dollars and up. (Starbucks ad must be endured first….)Slate Consistent with their previous position, the Authors Guild advised members regarding recent amendment letters from Random House and HarperCollins “appear to be going to virtually all authors who have […]