National Book Awards Longlist for Poetry
Gleick to Leave Algonquin As Little, Brown Plans to Rebuild
With Workman’s Algonquin imprint having been moved into the Little, Brown division earlier this summer as part of HBG’s restructuring of Workman lines following the three-year standstill period after their acquisition, Little, Brown president and publisher Sally Kim announced further changes on Thursday. Algonquin publisher Betsy Gleick will leave the company on October 4, as will associate publisher Michael McKenzie, “along with other [Algonquin] staff members.” Kim writes that, “We’re looking to redefine its longstanding mission—giving space to undiscovered voices—during a time when our consumer landscape and reader discoverability continue to shift and create new opportunities for publishers with a […]
OUP Eliminates Two US Departments, Including Union Members
According to a release from the Oxford University Press union, the publisher has eliminated two teams in the US, design and content transformation and standards. The layoffs affect 13 members of the union, which represents about 150 employees and ratified its first contract in August. The guild was notified of the layoffs on September 4, and were told by the company that the last working day for affected employees would be October 4. The union has filed a grievance, asserting that the layoffs violate the collective bargaining agreement, “which protects historic union work from being relocated out of the unit.” […]
People 9/12
Douglas Johnson has joined Simon & Schuster as a senior production editor.
BNED Plans to Improve Sales and Profits in 2025
Barnes & Noble Education reported results for the first quarter ended July 27—a typically soft period—with sales of $263.4 million, compared to $264.2 million last year, down slightly due to the closing of underperforming stores and below analysts’ modest expectations. Those closures, plus “lower selling and administrative expenses,” helped with the quarter’s adjusted EBITDA, which improved by $5.2 million to $(20.7) million. But the actual net loss was a big $(99.5) million, up from $(50.4) million, from costs related to the company’s refinancing plan, “including a non-cash charge of $(55.2) million due to the extinguishment of debt caused by the […]