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Scholastic Lowers Guidance as Seasonally Soft Quarter Is Softer Than Expected

March 24, 2023
By Katy Hershberger

On Thursday Scholastic announced earnings for their fiscal third quarter ending February 28, with sales down from last year, resulting in a lowered outlook and a falling stock price. They now expect full year sales growth of 4 percent rather than the previously expected 8 to 10 percent, and adjusted EBITDA of $175 million to […]

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Manuscript Thief Bernardini Sentenced to Time Served and Will be Deported

March 23, 2023
By Michael Cader

Judge Colleen McMahon sentenced Filippo Bernardini to time served on Thursday, following his guilty plea to one count of wire fraud related to his years of stealing pre-publication manuscripts. Bernardini had already agreed to pay restitution of $88,000 to Penguin Random House, to be paid in monthly installments given his limited means. His sentence includes […]

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People 3/23

March 23, 2023
By Erin Somers

At Sourcebooks, Ashley Holstrom has been promoted to eBook production coordinator.

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Distribution: Plumleaf Press

March 23, 2023
By Erin Somers

Plumleaf Press will be distributed by University of Toronto Press Distribution as of April 1.

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ALA Report: Book Ban Attempts Almost Doubled in 2022

March 23, 2023
By Erin Somers

The American Library Association released a new report on Thursday about the total amount of attempted book bans and restrictions in 2022, which they say almost doubled from the previous year. The AP writes, “More than 1,200 challenges were compiled by the association in 2022, nearly double the then-record total from 2021 and by far […]

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Barnes & Noble National Book Club Selection

March 22, 2023
By Erin Somers

B&N chose Hang the Moon by Jeannette Walls as their April 2023 National Book Club pick.

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