Sarah Guan has joined Erewhon as editor. She previously worked at Ace, DAW, and Orbit. Martin Cahill joins as marketing and publicity manager. He was previously a literary agent freelancer, publicity and marketing specialist, and fiction writer. Madison Perdue left Amberjack Publishing on August 6. She was serving as acting marketing director, after joining the…
Harper Has Weaker Fourth Quarter, But Closes Fiscal Year with Record Earnings
News Corp. reported fiscal fourth quarter earnings on Thursday afternoon, as HarperCollins recorded a comparatively poor fiscal fourth quarter, with sales of $419 million, down $71 million from the previous year. But it was more of a return to normal, since a year ago they were up $83 million for quarter versus the same period…
Simon & Schuster Continues to Build Sales and Profits
CBS reported second quarter earnings on Thursday afternoon, with sales at Simon & Schuster up $11 million (or 5.3 percent) to $218 million — a new company high for the second quarter, and their best since 2014. The publisher also extended their long streak of increased profits, recording their eighteenth consecutive quarter of gains: Operating…
People, Etc.
Scholastic Trade has hired Hannah Babcock as rights and co-edition manager (she was at Abrams), and Carolyn Seyster has joined Klutz as senior product/toy designer (she was at Viacom/Nickelodeon). In promotions in the trade division: Lauren Donovan is now senior director of publicity; Elisabeth Ferrari moves up to senior publicist; Taylan Salvati becomes publicist; and Jordana…
HMH Announces Decent Sales and Increased Billings, But Bigger Loss
Houghton Mifflin Harcourt reported Q2 earnings, with net sales of $389 million, up from $357 million last quarter. “Billings” increased more dramatically, reflecting orders for their new core programs, at $489 million, up from $371 million a year ago, a new record for the company. As a result, the company increased its billings guidance modestly,…
LSC Closes Plant in Torrance, Says More to Come
Troubled printer LSC Communications announced second quarter results on Thursday morning, with net sales of $869 million, down 7.8 percent from $943 million in the same period last year. As expected, they had a net loss of $24 million, which included after-tax charges of $26 million, “primarily due to the impairment of intangible assets in…