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 of technology publishing, the sale of electronic rights and lower sales returns contributed positively to these results.” They took a bad debt provision of $5 million against the AMS bankruptcy. Release Personnel News Harper has hired Margot Schupf as group svp and associate publisher for […]

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 Mendoza. LAT More on AAP/Microsoft/Google Microsoft’s Tom Rubin made one small modification to the published text of his speech at yesterday’s meeting of the publishers’ association, underscoring in the preamble that he didn’t mean to “attack” anyone — before attacking Google as planned. Among the […]

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 least five agents,” indicating that one motivation is “to put the growing agency on the ground floor of film-friendly literary material that can be serviced to movie and TV clients and be the catalyst for packages.” But that ground floor can get mighty dusty when […]

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 multiple fronts: Their discounted Member prices are “negatively impacting both sales and gross margins as the unit sales growth has not yet offset the amount of additional discounts. In addition, gross margin will continue to be compressed by the highly competitive bookselling environment.” Nonetheless, CEO […]

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 David McCormick at McCormick & Williams Literary Agency (world English). Former private school headmaster Selden Edwards’s debut FIN DE SIECLE, about a 1970s rock star dislocated in time back to turn-of-the-century Vienna, where he encounters some of notable people of the time and meets his […]

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; Uzodinma Iweala; Nicole Krauss; Rattawut Lapcharoensap; Yiyun Li; Maile Meloy; ZZ Packer; Jess Row; Karen Russell; Akhil Sharma; Gary Shteyngart; and John Wray. And author James Patterson increased the awards from his Page Turner Awards five-fold in this, the second year. The top $100,000 grant […]