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Sales Fall in Q3 at Wiley's Publishing Division
Revenue in John Wiley’s publishing division fell 1% in the third quarter ended January 31, compared to the same period a year ago.
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Canadian Educators Sue Copyright Organization
Canadian education ministries are suing Copyright Access to recoup $21.5 million they paid to the organization between 2010-2012 for materials used in K-12 classrooms. The head of one publishing group call the suit "a disturbing attack."
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Industry Stocks: February 2018 Performances
Three companies on the Publishers Weekly Stock Index whose stock prices have struggled in recent months posted the best gains in February.
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Adult Trade Saw Big Gains in October
Sales in the adult trade segment rose 25.8% over October 2016, according to AAP’s StatShot program. Sales of children's/young adult books in the period increased a more modest 3.5%.
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After Another Disappointing Quarter, B&N Unveils Turnaround Plan
Sales at the retailer fell again in the third quarter, down 5.3%. The slide prompted the creation of a four-pronged strategic plan that will require, as CEO Demos Parneros put it, "a significant multi-year transformation."
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HMH Trade Unit Posted a Profit in 2017
An 11.4% increase in revenue in the HMH trade division in 2017 over 2016 plus cost cuts resulted in net income of $2.0 million in the group last year compared to a loss of $7.0 million in 2016.
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S&S Posts Solid 2017 Sales, Earnings
Fourth quarter sales rose 12% at S&S while earnings jumped 22%. These gains helped the publisher to an 8% sales gain for the full year, with earnings up 11% over 2016.
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Publishing Revenue Rose 1.1% at Lagardère in 2017
Revenue at Lagardère Publishing increased 1.1% in 2017, over 2016, rising to €2.29 billion. Its Hachette Book Group subsidiary had "good net revenue growth" over 2016, HBG CEO Michael Pietsch said.
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Adult Sales Up, Kids' Sales Down In First Nine Months of 2017
Sales of adult trade books inched up 0.4% in the first nine months of 2017, over the same period in 2016, according to estimated released by the AAP’s StatShot program. Sales in the children’s/young adult segment fell 3.5% in the nine-month period compared to 2016.
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HC Earnings Rise 7% in Q2 on 1% Sales Gain
The positive impact of currency fluctuations, plus higher backlist sales in its children's division, led to a 1% revenue rise at HarperCollins this past quarter.
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Industry Stocks: January 2018 Performances
The Publishers Weekly Stock Index dipped 1.5% in January, substantially underperforming compared to the Dow Jones Industrial Average, which rose 5.8%.
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Amazon Sales Soared in 2017
Amazon's revenue in 2017 jumped 31% over 2016, but operating income fell 2%. The company sees more huge sales gains in the first quarter of 2018, but no earnings increase.
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Publishing Revenue at IDW Fell in Fiscal 2017
IDW Media reported that sales in its publishing group fell 12.1% in fiscal 2017 compared to fiscal 2016, but that it expects improved results in the current year.
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'Worst Is Behind,' Says Federation of European Publishers
Members of the Federation of European Publishers sold $28 billion worth of books in 2016, the same as 2015, signaling that the industry has finally stabilized following the uncertainty of the 2008 financial crash.
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A Record Year for Publishing Stocks—With a Caveat
A year that found four of the 10 companies on the PW Stock Index seeing double-digit stock price increases also saw Barnes & Noble and other big names struggle.
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Adult Trade Sales Dipped in August
Sales of adult books slipped 0.3% in August in 2017 compared to a year ago, while sales in the children’s/young adult segment rose 2.9% in the month.
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Scholastic Q2 Sales, Earnings Fall
Scholastic second quarter results held no surprises: sales and earnings fell compared to a year ago due to the lack of a new Harry Potter title.
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Acquisitions Lift Q2 Results at B&N Education
As sales from textbooks continued to decline in Barnes & Noble Education's second quarter ended October 28, 2017 compared to a year ago, two purchases made in the calendar year boosted sales and earnings.
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Riggio Ups B&N Stake
Following Barnes & Noble's disappointing financial performance for the second quarter ended October 28, 2017, company chairman Len Riggio bought 1 million shares of company stock, raising his stake in B&N to 19.3%.
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B&N Has Disappointing Second Quarter
In the second quarter of fiscal 2018, sales at Barnes & Noble dropped 7.9% compared to a year ago and its loss widened to $30.1 million from $20.4 million in last year's second quarter. Book sales, however, were a bright spot.
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