and more.
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With Fantasy on Fire, Print Book Sales Are Catching Up to 2023
Books by Sarah J. Maas and Rebecca Yarros, among the bestselling books of 2024 so far, sparked a huge increase in the adult fantasy category and helped keep print sales roughly flat with the first half of 2023.
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Booktopia Files for Voluntary Administration
The future of the Australian online bookseller has grown more uncertain with the appointment of a firm to undertake “an urgent assessment of Booktopia’s business.”
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Barnes & Noble Education Puts a Wrap on a Turbulent Fiscal 2024
The college bookstore operator closed the fiscal year ended April 27, 2024, with a smaller loss than fiscal 2023, new financing, a new CEO, and a new board.
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Booktopia Seeks Extension for Its Trading Suspension
The struggling Australian online retailer hopes to hear by the end of the week if any party or parties will come to its financial rescue.
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Sales of Religion Books Stay Hot
Strong demand for hardcover titles helped to drive up sales of religion books 38% in April over a year ago, according to the AAP's most recent StatShot report.
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Publishing Industry Sales Were Hot in April
April was far from the cruelest month for book sales, with the 1,277 publishers that report results to AAP’s StatShot program showing a 18.3% increase over April 2023 following a flat first quarter. Every major category posted an increase over a year ago.
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Wiley Looks Ahead After a Transitional Fiscal 2024
With its divestiture program nearing completion, positive indicators in its research group, and ongoing generative projects, Wiley expects sales and earnings to bounce back in fiscal 2025.
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B&NE Names New CEO, Completes Refinancing Package
In complementary moves, Jonathan Shar was promoted to CEO of Barnes & Noble Education following the completion of a new financing package that includes a 100-to-1 reverse stock split.
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Webtoon Entertainment Will Go Public
The webcomic giant had worldwide revenue of more than $1.2 billion last year, and paid creators more than $2.8 billion between 2017 and 2023.
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Barnes & Noble Education Cuts Loss on Small Sales Gain
Barnes & Noble Education has released preliminary financial results that showed company revenue rising 1.5% in the fiscal year ended April 27, 2024, and net loss falling to $63 million, from $90 million a year ago. Total sales were $1.57 billion. B&NE expects to receive final approval for a refinancing package in June.
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