News Corp reported earnings for their fiscal third quarter ended March 31, with sales at Harper Collins of $506 million, down 2 percent from the record high $515 million in the same quarter last year. The decline was due to lower physical book sales, which were partially offset by higher digital sales and lower returns. Earnings improved 2 percent, with EBITDA of $62 million, attributed to “lower manufacturing, freight and distribution costs driven by product mix” and the absence of last year’s high supply chain costs, but offset by slower sales and increased employee costs. (Remember, the Harper union was […]
Amazon Announces New Book Sale
Amazon is lauching a book sale that will run May 15-20 coinciding with the beginning of summer reading. Deals will include “up to 50% off print best sellers and up to 80% off eBooks” as well as special offers on trending TikTok titles.
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The Next Buzz Books Editors and Authors Panel Is A Week Away
One of the industry’s favorite events—five great editors, in conversation with five breakout authors—is just a week away. Watch Helen Atsma, Deb Futter, George Gibson, Olivia Taylor Smith and Emily Wunderlich discuss five worthy fall “buzz” titles with the authors, hosted by the book expert Leigh Haber and co-presented by the American Booksellers Association. We’re using a new platform that we hope makes everything even smoother for attendees, but it will help if you register to hold your place now. As usual, the first 25 booksellers who enroll will get a package of galleys for the featured titles. Earlier in […]
Joyce Carol Oates Prize
Ben Fountain (Devil Makes Three, Billy Lynn's Long Halftime Walk) was awarded the Joyce Carol Oates prize for a mid-career author of fiction.