Finance

The Economic Hardship Reporting Project Gives Writers a Hand
December 20, 2019

Founded in 2012 to help freelance and unemployed journalists get published in newspapers, magazines, and other periodicals, the organization now wants to ensure that more books by such writers pass through the publishing pipeline.

Scholastic Has Flat Q2
December 20, 2019

Sales and earnings slipped slightly in the second quarter of fiscal 2020 compared to the same time a year ago. The trade division saw a sales rise, and the company said it expects to hit its financial targets for the full fiscal year.

Q2 Sales, Earnings Up at Wiley
December 4, 2019

Helped by acquisitions, revenue at John Wiley rose 4% in the second quarter of fiscal 2020 and net income increased 2.1%. The company's academic and professional learning division was a soft spot, with revenue falling 6%.

Trade Segments Up Through September
November 21, 2019

Through the first nine months of 2019, sales of adult trade books were up 1.1% over the comparable period in 2018 for the publishers who report sales to AAP’s BookStat program. Sales in the children/young adult segment rose 8.0% in the same period.

S&S Squeezes Out a Q3 Profit Despite Sales Decline
November 12, 2019

Profits rose by $1 million at Simon & Schuster in the third quarter of 2019 over the comparable period in 2018, despite a 9% drop in sales. In last year's third quarter, Bob Woodward's 'Fear' drove strong sales for the publisher.

Earnings, Sales, Drop in Q1 at HarperCollins
November 8, 2019

Profits dropped 28% at HarperCollins in the first quarter of fiscal 2020 compared to the first period of fiscal 2019, while revenue declined 3%. Parent company New Corp expects HC's financial performance to improve starting in January, the second half of the fiscal year.

Sales Flat at HBG in Q3, But Expects Good Finish for 2019
November 7, 2019

Revenue at Hachette Book Group fell marginally in the third quarter ended September 30, 2019, dipping just 0.3%, parent company Lagardère reported. One reason for the small decline was slowing sales of the longtime backlist bestseller 'You Are a Badass.'