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Harlequin First Quarter Revenues Drop
Blaming the “unfavourable effect” of a transition to higher digital royalty rates for authors as well as the tough overall global economy, Harlequin reported revenues of $102.5 million for the first quarter of 2013, down $4.1 million from the same period in 2012.
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Industry Stocks: April Performers
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Sales Down, Profits Up at Simon & Schuster
Profits at Simon & Schuster rose 20% in the first quarter ended March 31 compared to a year ago, despite a 3% decline in sales.
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Penguin Has 'Good Start,' Quarto Sales Dip
In “trading updates” issued last Friday in the U.K., Pearson reported that Penguin had a “good start” to the year, while Quarto Group reported that first quarter sales fell 6%, to $32 million and operating profit fell to $544,000 from $666,000.
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North America Media Sales Rose 14% at Amazon
Amazon’s sales rose 22% in the first quarter, to $16.07 billion, but net income fell 37%, to $87 million. As Amazon expands, books and even Kindles are becoming a smaller part of its overall business.
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Trade Up, Industry Down in 2012, StatShot Shows
Sales were up for both the adult trade and children’s/YA trade segments in 2012, but revenue for the entire industry fell 2.2%, to $14.90 billion at the 1,193 companies that report to AAP’s StatShot program.
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Industry Stocks: March Performers
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Profits Jumped 75% at Random House
Random House parent company Bertelsmann announced that worldwide revenue at RH rose 22.5%, to 2.14 billion euros in 2012, while operating EBIT skyrocketed 75.6% to 325 million euros.
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AAP Monthly StatShot, November
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Scholastic Suffers from Hunger Pains
With sales of the Hunger Games trilogy falling even more than expected in the quarter ended February 28 compared to a year ago, Scholastic reported that revenue for the company fell 18.5%, to $380.5 million, while the net loss deepened to $20.1 million from $10.3 million.
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Big November for Mass Market Paperback
Overall sales for the adult trade segment rose 2.3% in the month as the much-troubled mass market paperback segment had 75.5% leap in sales, to $38.2 million.
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Quarto Embarks on Transitional Year
With sales and earnings down slightly in 2012, new Quarto Group chief executive Marcus Leaver said his focus in 2013 will be to reduce debt and build a foundation to allow him to create a "new Quarto" in 2014.
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Nelson Lifts HarperCollins Again
HarperCollins EBITDA in the second quarter ended December 31, 2012 rose 24%, to $51 million, while sales at HC increased 18%, to $377 million, from $319 million in the comparable period in fiscal 2012.
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Profits Up at Lagardere Publishing, But Slip at HBG
Earnings before interest and taxes rose slightly in 2012 at Lagardere Publishing, from 221 million euros to 223 million euros. Profits in Lagardere’s U.S. subsidiary, Hachette Book Group, fell in the year.
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Wiley Looks to Cut $80 Million in Costs
In reporting third quarter results for the period ended January 31, John Wiley & Sons announced further plans to change its operations and cut costs by $80 million to accommodate the transition from print to digital.
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Sales, Earnings Fell at Harlequin in 2012
Slowing growth in digital sales contributed to a 7.2% decline in sales at Harlequin in 2012, to C$426.5 million, while operating earnings fell 11.6%, to C$72.8 million, parent company Torstar reported Wednesday morning.
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AAP Monthly Statshot, October
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Industry Stocks: February Performers
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Reader's Digest Files for Chapter 11
Reader’s Digest is once again restructuring its debt and in the process has filed for Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York.
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Sales Up at S&S, But Profits Dip
Simon & Schuster finished 2012 with a bump in sales to $790 million from $787 million in 2011, but operating income dipped to $80 million from $83 million due in part to costs associated with settling three e-book price fixing cases brought by the Department of Justice, 49 states plus the consumer class action.
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