AI Licensing Helps Wiley While Textbook Sales Fall
Wiley reported results from the third quarter ended January 31, with adjusted sales of $405 million, down from $461 million, due to the loss of sales from divested businesses. Operating income was $51.8 million for the quarter, compared to a loss of $(46.4) million in 2024, when there was a big impairment for writedown of goodwill. Income before taxes was $18.7 million, up from $(112.3) million. The learning segment, which includes textbook sales, fell 6 percent for sales of $137 million, due to softness in academic sales and an unfavorable comparison to the previous year, which included a $6 million […]
Grand Central Wins Auction for INNER EXCELLENCE
Grand Central won the auction to reissue performance coach Jim Murphy’s bestselling INNER EXCELLENCE, the book that leaped to the top of the charts after Philadelphia Eagles star wide receiver A.J. Brown was shown reading the book on the sidelines during a playoff game. (The trade paperback has sold approximately 211,000 copies in the seven sales weeks since then, in outlets tracked by Circana Bookscan.) Brant Rumble and Ben Sevier acquired NA rights, represented by Pilar Queen and Peter Steinberg at UTA. Grand Central will issue their ebook and audio editions on March 11, and their trade paperback will follow […]
Imprints: Reagan Arthur Launches Cardinal
Reagan Arthur‘s imprint at Grand Central Publishing is called Cardinal and will launch in fall 2025, publishing approximately six titles a year. The first title will be THE BOOK OF GUILT by novelist Catherine Chidgey, which will be released on September 16. The new line aims to “entertain and enlighten, across genres and across borders.” Arthur rejoined Hachette Book Group in July 2024, after leaving her role as publisher of Knopf in May. She said in a release, “I became very fond of cardinals during the pandemic: I loved their cheerful red presence in an often bleak time. I learned that […]
Romance Author Pulls Book After Online Criticism
Romance author Sophie Lark is “pausing” the publication of SPARROW AND VINE and other books in the series after criticism surfaced online, she wrote on Instagram. The first in a planned series, SPARROW AND VINE was due to be published by Bloom Books on April 22. Early readers noted insensitive lines in the book, spoken by the main character without any pushback or disagreement from other characters or in the text. In one instance, Lark writes, “Shouldn’t there be a crew of people with questionable work visas picking these grapes for us?” In another, she writes, “I was inspired by […]