Finance

Industry Stocks: September 2016 Performances
October 7, 2016 at 1:00 am

The Publishers Weekly Stock Index increased 5.9% in September, but that gain was due almost entirely to the jump in the share price of Amazon, which rose $68.15 to close the month 8.9% ahead of its price at the end of August.

'Cursed Child' Drives Big Gains in Scholastic's Trade Group
September 22, 2016 at 1:00 am

Sales of 'Harry Potter and the Cursed Child' helped add almost $70 million to Scholastic’s trade division in the quarter ended August 31, and drove a 104% jump in revenue in the company’s children’s book publishing and distribution group.

Trade Book Sales Down in Q1 of 2016
September 20, 2016 at 1:00 am

According to figures released by the AAP's StatShot program, sales of adult books fell 10.3% and sales of children's/YA titles fell 2.1%, compared to the same period last year.

The Reality of Publishing Economics Has Changed for the Big Players
September 19, 2016 at 2:30 pm

A veteran agent who was formerly a publisher confirmed a point for me about how trade publishing has changed over the past two decades, particularly for the big houses. This challenges a fundamental tenet of my father’s understanding of the business. (And that’s the still the source of most of mine.) I had long suspected…

A Rough Six Months for Big Book Publishers
September 9, 2016 at 2:34 pm

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…

Barnes & Noble Reports 6.6% Drop in Sales in Q1 2017
September 9, 2016 at 9:25 am

Barnes & Noble has not started fiscal 2017 on the right foot. The bookstore chain announced its 2017 Q1 earning yesterday, reporting a 6.6% drop in sales and 6.1% decline in revenue. The press release stated that sales were below expectations and that B&N experienced a net loss of $14.4 million in Q1 2017, compared…

Sales at B&N Down Over 6% in Q1
September 8, 2016 at 1:00 am

In its first earnings release since firing CEO Ron Boire last month, Barnes & Noble reported that sales fell 6.6% in its first quarter of 2017, which ended July 30.

Wiley's Education Business Continues Decline; Bright Spots in Journals and Professional Development
September 7, 2016 at 12:16 pm

Today education, journal, and professional publisher John Wiley & Sons released its Q1 results for the 2017 fiscal year. While the publisher experienced growth in its journal and professional development businesses, its education division saw significant revenue declines, thanks to low-performing textbooks. Wiley’s overall revenue decreased 4% from Q1 2016, declining from $423 million to…

What the Big 5's Financial Reports Reveal About the State of Traditional Book Publishing
August 5, 2016 at 2:47 pm

This post examines the latest quarterly financial reports from the big 5 book publishers and tries to draw some conclusions from the data. The big 5 are, of course, Hachette, HarperCollins, Macmillan, Penguin Random House and Simon & Schuster. These companies are often seen as emblematic of the state of traditional trade book publishing in…

2% Revenue Rise for Elsevier in First Half
July 29, 2016 at 1:32 pm

Elsevier's business trends "remain positive", with underlying revenue growth of 2% for the first half of 2016, parent company RELX Group has reported. Revenues for Elsevier — the Scientific, Technical and Medical division of the RELX Group — for the six months to 30th June were £1,056m (2015: £987m), 80% of which were generated by digital.