Scholastic reported results for the first quarter of fiscal year 2025, with sales of $ 237 million, up 4 percent from the same period last year, due to strong sales from 9 Story Media Group and offset by declines in the education segment. The seasonal operating loss improved 11 percent to $(88.5) million, attributed to gains in the children’s publishing and distribution segment. Adjusted EBITA was $(60.5) million, compared to $(70.6) million in 2024. The company’s stock rebounded on better-than-expected results, rising over 10 percent in early Friday trading. Trade book sales gained 2 percent to $73.9 million, due mainly […]
Distribution: Inpatient Press
MIT Press will distribute Inpatient Press‘s backlist and all new forthcoming titles starting Spring 2025 via Penguin Random House.
More Member Page News
With hundreds of beautiful redesigned Member Pages live at our site, now we’ve restored an updated version of the interface that lets you browse those 2,000-plus member pages across all categories. Just look for Member Profiles under our People menu item. To update your Member Page to the new design, just use the “page options” tools at the top of the Your Account page, and make sure to click the red “publish” button after reviewing any changes. And if you have never published a Member Page, now is a great time to give it a try. Nearly 1,000 agents have […]
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Former President of Phoenix Books Found Guilty of Wire Fraud
Kimberly Ann Miletta, former president of Beverly Hills-based Phoenix Books, was found guilty of three counts of wire fraud by the Central District of California. The court found that Miletta defrauded the owners of Phoenix Books, embezzling at least $1.3 million from the company and the owner’s personal bank account. Between October 2013 and January 2018, Miletta used the company credit card, which she controlled exclusively, on personal expenses, including spa treatments, clothing, veterinary bills, designer handbags, and more. She then paid the credit card out of the owner’s personal account. Miletta also made fraudulent wire transfers of almost $1 […]
Calling For Your Buzz Book Nominations
It’s that time again: your invitation to include your buzziest titles in the 26th edition of Buzz Books 2025: Spring/Summer, book publishing’s longest-running, most successful sampler! Nominations are due October 16. Send a list of your nominated titles (publishing between February 2025 and September 2025), including imprint, pub date, genre (fiction, debut, nonfiction), ISBN, and any compelling information about the title, to project directors Julie Trelstad and Ali Battey at buzzbooks@publishersmarketplace.com. Based on feedback and interest, we will be holding TWO virtual Buzz Books Editors and Authors Panels for this edition, gathering hundreds of booksellers, librarians, reviewers and educators. We’ll […]