Swedish ebook streaming service and publisher Storytel reported results for the first quarter ended March 31, with streaming sales of SEK517.1 million ($62.1 million), up 20.5 percent from SEK429.3 million a year ago. Print publishing sales were SEK125.2 million, up from SEK114.7 million, gaining 9.1 percent. Pre-tax loss for the quarter was SEK(73.5) million, compared…
Save Your Place for the Buzz Books Editors Panel
Remember to hold the date for our much anticipated virtual Buzz Books Editors Panel, convening on Wednesday, May 19 at 7 PM Eastern, co-presented by the American Booksellers Association. You can register here — and the first 50 booksellers who enroll will get a package of galleys for the featured titles. In May, a week…
Federal Writers Project Bill Would Create $60 Million In Writing Jobs
Democratic members of Congress Ted Lieu of California and Teresa Leger Fernandez of New Mexico introduced new legislation on Thursday that would create a $60 million Federal Writers Project bill. To be administered by the Department of Labor, the bill would provide money to nonprofits, libraries, news outlets and communications unions in an effort to…
Sales Rise 19 Percent at HarperCollins
News Corp. reported fiscal third quarter results after the close of the market on Thursday, with HarperCollins recorded sales of $490 million, up 19 percent from $412 million a year ago. That sales total included $8 million from recent acquisitions and $10 million in foreign exchange gains. Earnings rose more, up 45 percent to $80…
Sales and Earnings Rise at Simon & Schuster
ViacomCBS reported first quarter 2021 results on Thursday morning, with sales at Simon & Schuster of $185 million — up $15 million, or 8.8 percent, versus the same period a year ago. With the parent company classifying S&S under “discontinued operations” while the pending sale to Penguin Random House awaits regulatory review and approval, ViacomCBS…
People, Etc.
At Random House Publishing Group, Alex Larned has been promoted to publishing manager, Del Rey & Licensed, and Aubrey Martinson to associate editor, Crown. At Clarkson Potter, Sahara Clement has joined as editor. She was previously assistant editor at Chronicle Books. Gabrielle Van Tassel has been promoted to associate editor. Nadine Britt has been promoted to senior…