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S&S Squeezes Out a Q3 Profit Despite Sales Decline
Profits rose by $1 million at Simon & Schuster in the third quarter of 2019 over the comparable period in 2018, despite a 9% drop in sales. In last year's third quarter, Bob Woodward's 'Fear' drove strong sales for the publisher.
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Earnings, Sales, Drop in Q1 at HarperCollins
Profits dropped 28% at HarperCollins in the first quarter of fiscal 2020 compared to the first period of fiscal 2019, while revenue declined 3%. Parent company New Corp expects HC's financial performance to improve starting in January, the second half of the fiscal year.
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Q3 Revenues Fell at LSC Communications
The printing giant posted a sales decline of 17.9% in the third quarter, although excluding one-time items, "organic sales" were down 9.3%. The company also lowered its forecast for sales and earnings for the full year.
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Sales Flat at HBG in Q3, But Expects Good Finish for 2019
Revenue at Hachette Book Group fell marginally in the third quarter ended September 30, 2019, dipping just 0.3%, parent company Lagardère reported. One reason for the small decline was slowing sales of the longtime backlist bestseller 'You Are a Badass.'
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HMH Books & Media Has Down Q3
The absence of licensing income earned in last year’s third quarter led to a 27.9% decline in sales at the Houghton Mifflin Harcourt Books & Media group for the period ended September 30, 2019, compared to last year’s third quarter.
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Children/YA Bright Spot In Soft August
The children/young adult category was one of only two categories that posted a sales increase this August over August 2018, according to AAP’s StatShot program.
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Children/YA Has Strong July Sales Gains
Sales in the children/young adult category rose 16.6% in July over July 2018, while sales of adult books increased 3.9% in the month over 2018, according to the AAP’s StatShot program.
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Sales Up, Loss Cut in Q1 at Scholastic
Led by a strong performance in its trade division, revenue at Scholastic rose 7% in the first quarter ended August 31, 2019, over the comparable period in fiscal 2019. The net loss was cut to $58.5 million, from $61.3 million in last year’s first quarter.
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Sourcebooks Posts Double Digit Six Month Sales Gain
Unit sales rose 24% in the first six months of 2019 over the comparable period in 2018, while revenue increased 26% at Sourcebooks.
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Open Road Revenue Up 36% in First Half of 2019
Open Road said revenue in the first six months of 2019 rose 36% over the comparable period in 2018, while earnings jumped 72%.
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Sales Up, Earnings Down in Q1 at Wiley
Softness in John Wiley’s education publishing and professional learning group limited growth in the first quarter ended July 31, 2019, to 3%, and contributed to a 87% drop in operating income.
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PRH Posts Double-Digit Gains in Sales, Earnings in First Half of '19
Driven by a number of acquisitions and hundreds of bestselling books, profits at Penguin Random House jumped 33.0% in the first half of 2019 over the comparable period in 2018 and revenue rose 11.3%.
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Trade Sales Rose 3.8% in First Six Months
In the first half of 2019 sales of adult books rose 1.4% over the comparable period in 2018, while sales of children/YA books increased 7.4%, according to the AAP. Sales of religious presses, which AAP puts in the trade segment, rose 11.4%.
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Quarto on Track in 2019
The Quarto Group accomplished its three major goals during the first six months of 2019: company revenue was stabilized, operating losses were cut, and debt was reduced to $65 million, from $73.2 million in the first half of 2018.
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Regnery Sales Rose in Q2
Book sales rose by $400,000 in the second quarter of 2019 over the comparable period a year ago at Regnery Publishing, the publisher's parent company, Salem Media, reported. Sales for all of Salem's publishing division rose 3.7% in the period.
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Profits Rise 6% at HarperCollins in Fiscal 2019
With all of its major divisions posting sales gains in fiscal 2019, HC saw earnings hit $253 million last year, from $239 in fiscal 2018. Sales were $1.75 billion.
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S&S Posts Gains in Sales, Profits in Q2
Higher sales of print books and digital audiobooks drove revenue and profit gains in the first quarter of 2019 at Simon & Schuster, and the same scenario played out for the second quarter, as sales rose to $218 million and profits reached $33 million in the period.
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LSC Sales Fell in Q2, Loss Deepened
LSC Communications reported that second quarter revenue fell 7.7%, to $869 million, and the company had a net loss of $24 million, compared to earnings of $8 million in the second quarter of 2018.
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HMH Has Strong Sales in Q2
Revenue at Houghton Mifflin Harcourt Books & Media unit rose 8% over the second quarter of 2018, while revenue in its education division increased 9%.
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Quad Posts Q2 Net loss on Lower Revenue
Roughly a week after it announced it was cancelling its planned purchase of LSC Communications due to objections from the Department of Justice, Quad reported that second quarter sales fell 1.2% compared to a year ago. It had a net loss of $14.7 million.
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