A Rough Six Months for Big Book Publishers
The trade publishing segment has been operating in a low-growth environment for several years, and that trend appears to have continued into 2016. Financial reports for the first half of 2016 from five major publishers showed that none of the companies had a sales increase in the first half of the year; HarperCollins had the best top-line performance, with only a minor sales decline compared to the first six months of 2015. Earnings fell at three publishers in the period and rose at two. Though sales of print books have stabilized, all five reporting publishers said sales of ebooks fell in the first six months of 2016 compared to the January–June 2015 period.