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In 2015 Results, Regnery Records First Loss in Six Years
With sales at the conservative press down last year, Regnery is trying to diversify its list and lessen its dependence on frontlist political books.
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Lagardere Publishing Earnings Inched Ahead in 2015
Lagardere reported that EBIT rose by 1 million euros in 2015 over 2014, to 198 million euros, in its publishing division.
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B&N Education Takes $12 Million Charge In Digital Revamp
Barnes & Noble Education is closing its Yuzu educational platform and replacing it with a longterm deal with VitalSource and the purchase of LoudCloud, a digital platform and analytics provider.
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Barnes & Noble Stock Gains in February; Amazon Drops
The Publishers Weekly Stock Index fell 3.6% overall, with declining share prices for Amazon and News Corp. offsetting gains elsewhere.
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B&N Gets Ready For Its Next Act
Cutting Nook, revamping bn.com, and opening concept stores are priorities for fiscal 2017.
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With Earnings Up in Q3, B&N States Plan to Open New Concept Stores
Although revenue at Barnes & Noble fell 1.8% in the third quarter, net income increased 11.2%. While delivering its latest earnings report, the retailer also said it is planning to open four new concept stores by April 2017.
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E-book Sales Tumbled in October
Sales of adult e-books dropped 22.0% in the month, compared to same period last year, according to figures released by the Association of American Publishers through its StatShot program.
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Profits Jump at Penguin Random House
Pearson reported that its share of adjusted operating profit from Penguin Random House rose 30% in 2015 over 2014, hitting 90 million pounds from 69 million pounds in 2014.
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HMH Trade Sales Up, But Loss Widens
Revenue in Houghton Mifflin Harcourt Trade division rose 1%, to $164.9 million, in 2015, but its net loss increased to $7.1 million from $2.9 million in 2014.
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Profits at S&S Up Nearly 13% in 2015
Simon & Schuster finished 2015 with a $2 million increase in revenue over 2014, with operating income up 12.9% to $114 million.
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HBG Rebounds in Fourth Quarter
A 15% increase in fourth quarter sales enabled Hachette Book Group to finish 2015 with only a slight decline in revenue for the full year. An increase in the sales of print books almost offset declines of e-book sales.
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PW Stock Index Drops 12% in January
The combination of a weak market and investors’ disappointment regarding a fourth-quarter report from Amazon drove down many publishing industry stocks in January.
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Second Quarter Results Down at HarperCollins
Revenue dropped 5% at HarperCollins in the second quarter, compared to the same period last year. The publisher reported being hurt by lower e-book sales and a drop-off in the popularity of its Divergent series.
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Amazon Sales Top $100 Billion
Total revenue at Amazon hit $107 billion in 2015, a 20% increase over sales in 2014. Operating income jumped to $2.2 billion in the year, from $178 million in 2014.
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Sales of Adult Trade Up, Kids Down Through September
Sales of adult trade books rose 2.9% in the first nine months of 2015, according to figures released by the AAP. Sales in the children’s/young adult segment for the nine-month period were down 7.4%, but slipped only 0.6% in September.
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Scholastic Terminates 'Dutch Auction'
The slumping stock market has led Scholastic to cancel its “Dutch auction” in which it planned to buy up to $200 million of its common stock from shareholders.
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EDC Touts Another Record-Breaking Quarter
Earnings jumped 139% in the third quarter at the publisher, with profits hitting $1.2 million and revenue rising to $24.4 million.
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Amazon, EDC Drive Big Jump in Publishing Industry Stocks
The Publishers Weekly Stock Index jumped 59.2% in 2015 over 2014, propelled in part by a huge boost from Amazon.
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Print Books Having Good Finish to Solid Year
The book business looks ready to mark a second consecutive year of unit growth of print books. With one week to go in the year, unit sales of print books were up 2.8% compared to the same period in 2014.
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AAP Reports Trade Sales Down in August
Sales fell 11.3% in the adult books segment compared to August 2014 and sales in the children's/young adult category dropped 5.8%, according to AAP's monthly StatShot report.
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