The University of Michigan Press announced today that it will shift its scholarly publishing program, responsible for producing up to 60 monographs a year, from being primarily a traditional print operation to a primarily digital one within two years. Michigan officials tell Inside Higher Ed that the shift reflects their belief that old scholarly publishing models don’t work and it’s time to stop trying. “I have been increasingly convinced that the business model based on printed monograph was not merely failing but broken,” said Phil Pochoda, director of the Michigan press. “Why try to fight your way through this? Why […]
Literary Rediscoveries: Fallada, Carleton
The Los Angeles Times looks at Melville House’s recent publication of three novels by German writer Hans Fallada, including Every Man Dies Alone, originally released in 1947 but appearing for the first time in English now. The campaign represents “something of a calculated risk” for Melville House, who hopes for “breakthrough success” for the project. LAT HarperPerennial’s republication of Misourri author Jetta Carleton’s 1962 bestseller The Moonflower Vine, the only novel she ever published, merits mention from the Kansas City Star.
People
Claude Durand will step down as CEO of Editions Fayard effective April 8. He will be replaced by Olivier Nora, who remains CEO of Editions Grasset. Philip Walters will retire as chief executive of Hodder Education in October, a post he has held for 30 years. At becker&mayer!, Adrian Liang has been appointed as Associate Publisher, Adult Group. The Taryn Fagerness Agency will now handle foreign rights worldwide for Martin Literary Management.
BAM Sales Off Over 5 Percent
Same-store sales at Books-a-Million fell 5.3 percent in their fiscal fourth quarter (and 2.5 percent overall) at $164 million, as net income fell 4.2 percent to $11.4 million. Sales were off 4.1 percent for the full year, at $513.3 million, for a same-store sales decline of 7.2 percent. Net income suffered more, falling almost 35 percent to $10.8 million. Newly-appointed ceo Clyde Anderson says “The fiscal year closed with an improvement in the negative sales trend we experienced in the third quarter. We remain focused on maintaining discipline in expense control, inventory management and the maintenance of a strong balance […]
BN Reduces Inventory by 11 Percent
In their earnings conference call with investors, Barnes & Noble noted that “inventories declined $155 million or 11 percent compared to last year.” They say they were able to “improve inventory turns to the highest levels in our history” and indicated “our in stock percentage of being in stock on key titles and back list did not suffer at all” as a result. Other supply chain improvements “resulted in reduced purchases from book wholesalers which of course carry lower markups.” A good portion of the inventory reductions were in music, and the company indicated DVDs and music combined now comprise […]
Ingram Cuts 64 Jobs
Ingram has cut 64 jobs, including 34 at its headquarters warehouse in La Vergne, Tennessee and 30 at its Oregon warehouse. “We’re in this very difficult economic period where retail in all sectors is down,” company spokesman Keel Hunt told the Tennessean. “Ingram is being impacted by a falloff in order from retail booksellers. Their sales are down from the year before.”Tennessean