Barnes & Noble Education announced final fiscal 2026 results on Thursday afternoon, in line with the advance estimates provided last month. After recording net income for the first time since fiscal 2017, earning $16.9 million for the year, BNED said it would pay an inaugural dividend of 8 cents per share to shareholders of record on July 16, 2026. For the full year, the company had sales of $1.715 billion. Same-store sales rose by $71.3 million, up 4.4 percent for the year. Adjusted EBITDA was $76.5 million, and total debt at year-end was $71 million. They opened 50 stores during […]
People 7/10
UCP Workers Guild Gains Recognition from NLRB; Harper’s Union Goes On Strike
Employees at the University of Chicago Press have officially joined the Chicago News Guild, after a supermajority voted in favor of unionizing. In May, the company declined to formally recognize the union. The news follows recent successful unionization efforts at the American Library Association, Dark Horse Media, Catapult, and Hachette Book Group. Elsewhere, the editorial staff of Harper’s Magazine, union members of UAW Local 2110, are holding a one-day strike today to protest the magazine’s contract offer. The union has been in contract negotiations with management since forming in 2024.
E-Book Pricing Antitrust Case Against Amazon May Become Class Action
The improbable antitrust lawsuit alleging that the large trade publishers willingly colluded with Amazon to help the etailer maintain monopoly-level control of ebook prices and overcharged ebook buyers $740 million since 2017 remains alive in the Southern District of New York. (The original suit was dismissed in 2022; this is a refiled, amended version.) In a Wednesday hearing on whether to certify certain ebook buyers as a class, Judge Gabriel W. Gorenstein appeared to side with plaintiffs, MLex reports. The proposed class would be “anyone who purchased one or more trade e-books sold by the publishers via an agency model […]
People 7/9
FBF to Close Hall 6 This Year, Shuffle Booths and Tables
Due to “structural building inspections,” the Frankfurt Book Fair will refrain from using all three levels of Hall 6 at this year’s fair, the Bookseller reports, based on a recent letter sent to exhibitors. As a result, spaces for exhibitors and meetings will be shuffled to different places in the fair buildings. International exhibitors placed in Halls 6.1 and 6.2 will relocate to the central Hall 4.2. The literary agents and scouts center and the publisher rights center will move from Hall 4.2 to Hall 1.2. Exhibitors in Hall 6.0 will move to the Festhalle; Meet-the-Author events previously scheduled for […]