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PWSI Down 10.2% In 2014 to Date
Amazon is receiving lots of bad press in its dispute with Hachette Book Group, but executives and investors are likely more concerned that its stock price has been slipping since the beginning of the year.
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The World's 56 Largest Book Publishers, 2014
International wheeling and dealing has had little impact on the standing of the world's largest publishers.
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Industry Sales Flat in 2013; Trade Dropped 2.3%
Industry sales were just about flat in 2013, falling by less than 1%, to $27.01 billion, from $27.12 billion in 2012.
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AAP, BISG End BookStats Agreement
BookStats, the statistics program formed out of agreement between the Association of American Publishers and the Book Industry Study Group, will not have a fifth year, at least not in its present form.
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Sales, Earnings Up in Fiscal '14 at Wiley
John Wiley & Sons reported that revenue for the fiscal year ended April 30, 2014 rose 1%, to $1.78 billion, and operating income increased 4% to $206.7 million.
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Sales Up at EDC, Earnings Fall
Revenues at Educational Development Corp. rose 2% in the fiscal year ended February 28, 2014, hitting $26.1 million, although accounting items dropped net earnings to $357,600 from $802,900 in fiscal 2013.
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Industry Stocks: May Performances
Both the Publishers Weekly Stock Index and the Dow Jones Industrial Average eked out lackluster gains of 0.8% in May.
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Source Interlink to Close
As reported by "Folio," the nation's number two magazine distributor is shutting down.
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Flat Quarter for Books-A-Million
Revenue at Books-A-Million inched up 0.2% in the first quarter ended May 3, 2014, to $103.8 million, compared to the year earlier period.
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Sales Rise, Earnings Dip at Bloomsbury
Revenue at U.K.-based Bloomsbury rose 11% in the fiscal year ended February 28, 2014, to £109.5 million, compared to the previous year. Operating profit dipped to £7.7 million from £7.8 million.
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First Quarter Sales Slipped at Lagardere
First quarter sales at Lagardère Publishing fell 6.2%, to 393 million euros compared to the first period ended March 31, 2013.
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AAP Monthly Statshot, January 2014
Led by a 65.1% increase in e-book sales, January sales jumped 43.7% in the children’s/young adult category compared to January 2013, according to figures in AAP’s StatShot program.
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For Publishers, A Quiet Start to 2014
In an unusual occurrence, last week five companies with significant trade publishing operations all reported results for the three months ended Mar. 31, 2104.
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HMH Trade Posts Small Loss in Quarter
Sales in Houghton Mifflin Harcourt’s trade publishing division fell 20% in the first quarter of 2014 compared to the first period of 2013.
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Profits Jump 83% at HarperCollins
EBITDA rose 83% at HarperCollins for the third quarter of fiscal 2014, which ended March 31.
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Sales Fall, Earnings Rise at S&S
First quarter sales in 2014 fell 11% at Simon & Schuster, to $153 million, but operating income rose to $11 million from $10 million in the first quarter of 2013, parent company CBS reported.
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Quarto Says it is 'On Track'
U.K.-based Quarto Group reported this morning that it is “on track” to reduce its debt for the year and to achieve organic growth.
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Charges Led to $3.4 Million Loss at Courier
Three one-time expenses contributed to a loss of $3.4 million at Courier Corp. in the second quarter ended March 29, 2014 compared to last year’s second period.
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First Quarter Results Down at Harlequin
First quarter at Harlequin declined 3.2%, to C$99.2 million, and operating profit fell 14%, to C$12.8 million.
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Industry Stocks: April Performances
The Publishers Weekly Stock Index fell 7.2% in April as share prices dropped for 11 of the 14 companies on the PWSI.