Sales in the adult trade segment fell 2.2% in November 2017 compared to a year ago, but were still up 2.9% in the first 11 months of the year. Children's/YA sales were down 8.2% in November and fell 3.0% for the first 11 months of the year.
Sales at Scholastic rose in the third quarter over the comparable period a year ago, but higher investments and one-time charges led to a higher loss in the quarter. Still, the company raised its earnings per share forecast for the year.
Canadian education ministries are suing Copyright Access to recoup $21.5 million they paid to the organization between 2010-2012 for materials used in K-12 classrooms. The head of one publishing group call the suit "a disturbing attack."