Storytel Grows Earnings In Q1
Swedish audiobook company Storytel released results for the first quarter 2024, with sales up 12 percent to SEK891.9 million ($85.8 million). Operating loss improved to SEK24 million, compared to SEK48 million the previous year. EBITDA grew 50 percent to SEK50.9 million, which the company attributed to “strong streaming growth and a reduction of costs as a result of cost efficiency measures” (they reduced the workforce by 13 percent in the quarter). “The first quarter marked another step up in our financial performance as Storytel delivered a strong result with improved profitability and operational cash flow,” CEO Johannes Larcher said in […]
HBG and HBG UK Announce Promotions and Restructuring
HBG announced a number of executive appointments in the US and UK. In the US, Ben Sevier becomes president and publisher, Grand Central Publishing Group. In addition to his current role overseeing Grand Central, Sevier will also now oversee all of Hachette Nashville as well as Hachette Books and Hachette Go. Hachette UK will now be structured into three “core areas of publishing”: adult trade, children’s trade, and education. Katie Espiner will serve as ceo for adult trade; Seshni Jacobs becomes ceo for education, which comprises Hodder Education; and Hilary Murray Hill will continue to lead children’s as ceo. All […]
People 5/7
Alyssa Awe will join in the newly created role of executive VP, business development & strategy, effective June 3.
New Books Publishing May 7
This week’s fiction releases include new books by Colm Toibin, Jasper Fforde, and Renée Watson. Jen Psaki, Tom Selleck, Johann Hari, and Brittney Griner publish nonfiction works this week, while May’s YA releases include new novels by Samira Ahmed, Morgan Matson, and Anna-Marie McLemore. Also out this week are new books by Eve J. Chung, Mary Annaïse Heglar, and Emiko Jean, all excerpted in our Buzz Books 2024: Spring/Summer anthology. 44 works of fiction https://bookshop.org/lists/new-fiction-publishing-may-7 22 works of nonfiction https://bookshop.org/lists/new-nonfiction-publishing-may-7 24 children’s/YA titles https://bookshop.org/lists/may-2024-children-s-new-releases From Buzz Books https://buzz.publishersmarketplace.com/ We consult […]
Phillips, Thrall, and More Win Pulitzers
The winners of the 2024 Pulitzer Prizes were announced on Monday afternoon. The fiction winner, Night Watch by Jayne Anne Phillips, should be well positioned for a sale bump on the recognition, having previously sold just under 4,000 hardcovers. The complete list of winners and finalists: Fiction Winner Night Watch, by Jayne Anne Phillips Finalists Wednesday’s Child, by Yiyun Li Same Bed Different Dreams, by Ed Park Nonfiction Winner A Day in the Life of Abed Salama, by Nathan Thrall Finalists Fire Weather, by John Vaillant Cobalt Red, by Siddharth Kara Poetry Winner Tripas, by Brandon Som Finalists To 2040, […]