-
EDC Has Strong Third Quarter
Educational Development Corp. that third quarter sales rose 8%, to $8.5 million, in the quarter ended November 30. Net earnings were up to $547,800 from $525,700.
-
Quercus Will Have Big Loss
U.K-based Quercus Publishing reported this morning that a disappointing fourth quarter would result in a “significant” loss for the year.
-
Oyster Raises $14 Million More
Oyster, the recently launched e-book subscription service, has raised $14 million in its latest funding round. The new funding was led by Highland Capital Partners and includes participation from the existing Founders Fund which was led by Peter Thiel.
-
Sourcebooks Sales Rose 22% in 2013
In an infographic sent out Monday afternoon, Sourcebooks says total revenue in 2013 increased 22%.
-
Trade Sales Slipped Through October
Through the first 10 months of 2013 sales of adult trade books fell 0.6% and sales of children’s/young adult dropped 9.7%, according to AAP’s monthly StatShot figures for October.
-
Industry Stocks Soared in 2013
Aided by one of the biggest bull rallies in years, the core Publishers Weekly Stock Index soared 51.2% in 2013, almost double that of the gain posted by the entire Dow Jones Industrial Average.
-
S&S On Pace for Record Profits
In her year-end letter to employees, Simon & Schuster CEO Carolyn Reidy said that the publisher is on track to “deliver record profits, a healthy gain in revenues, and our best-ever margins.”
-
Good Enterprises Gets Extension, Finds Some Assets
The bankruptcy judge overseeing the Chapter 7 proceedings of Good Enterprises has granted the company an extension until January 13 to file various statements and schedules.
-
Scholastic Sales Rise, Charges Curb Earnings
Revenue at Scholastic rose 1.5% in the second quarter ended November 30, to $623.2 million, and net income declined to $58.3 million from $61.8 million in the second quarter of fiscal 2013.
-
Murray Says Digital, International Will Drive Growth
Speaking at an investor conference, HarperCollins CEO Brian Murray said growing digital and international sales will drive gains for publishers in the years ahead.
-
Riggio Sells 2 Million B&N Shares
Barnes & Noble chairman Len Riggio sold 2 million of his shares in the bookstore chain on Tuesday for $13.81 a share.
-
Good Books Parent Files for Chapter 7
Good Enterprises, whose holdings include the cookbook publisher Good Books, filed voluntary Chapter 7 bankruptcy December 10 and is preparing to liquidate the company.
-
Wiley Posts $15 Million in Restructuring Charges
As it continues its transition from a traditional publisher to a provider of knowledge and knowledge-enabled services, John Wiley said it recorded a $15 million restructuring charge in the second quarter of fiscal 2014.
-
Industry Stocks: November Performances
-
Sales Dip, Losses Rise at Books-A-Million
Sales for the third quarter ended November 2 at Books-A-Million fell 3.5%, to $100.4 million, and its net loss deepened to $7.1 million, from $2.8 million in the third period of 2012.
-
B&N Has Better Earnings Despite Sales Decline
Revenue fell in all three of Barnes & Noble’s operating groups for the second quarter ended October 26, 2013, but the retailer managed to post a 13.7% increase in EBITDA.
-
Books Drop 11% at Hastings
Revenue at Hastings Entertainment fell 6.7% in the third quarter ended October 31, 2013, to $94.7 million, but its net loss was trimmed to $6.2 million from $8.0 million in last year’s third quarter.
-
Fiscal 2013 Results Up at Courier
Led by a 6% increase in sales in its manufacturing segment, total revenue at Courier Corp. rose 5% for the fiscal year ended September 28, 2013, to $275 million, and net income increased to $11.2 million from $9.2 million in fiscal 2012.
-
Trade Sales Down Through August
Sales for the first eight months of 2013 fell 1.1% in adult trade, 15.8% in children’s/young adult, and 3.2% in religion, according to the newest figures from AAP’s StatShot statistics program.
-
HBG Bright Spot for Lagardere
Total third quarter sales at Lagardere Publishing fell 7.3%, to 580 million euros, but sales at its American subsidiary, Hachette Book Group, rose 11%.
Browse archive by date:
