Revenue

Reidy Hails Profitable Year at S&S and 'Stable' Publishing Marketplace
December 22, 2016 at 12:50 pm

Despite what she described as a “tumultuous year in both the U.S. and around the world” in her year-end letter to S&S employees, S&S CEO and president Carolyn Reidy hailed 2016 as “a period of relative stability in the publishing marketplace.” In her letter, Reidy cited a year of bookselling success for S&S, led by…

A Dull Holiday Season?
December 22, 2016 at 4:00 am

The hoped for post-election and holiday season sales bounce does not seem to be materializing. Unit sales of print books were down almost 6% between Thanksgiving week and the week ended December 18, 2016 compared to the similar period in 2015 at outlets that report to Nielsen BookScan. Perhaps the most worrisome for booksellers and…

Turning Up the Volume on Audiobooks in Canada
December 19, 2016 at 11:56 am

Positive reports from The FutureBook Conference indicate that audiobook use is on the rise, especially in the US, the UK, and Sweden. In Canada, audiobook use has been the focus of an in-depth survey. At the end of last month, BookNet Canada released Are You Still Listening? Audiobook Use in Canada 2016, a survey of audiobook…

European Publishers Sold $23.3 Billion in Books in 2015
December 16, 2016 at 10:17 am

In 2015 the 28 countries that are members of the EU and EEA (European Economic Area) generated €22.3 billion ($23.36 billion) in total annual sales, according to a new report by the Federation of European Publishers (FEP) issued last week. The number is up slightly from 2014, when total revenue was €22 billion. The sum…

Press Release: Scholastic Reports Fiscal 2017 Second Quarter Results
December 15, 2016 at 11:25 am

NEW YORK — December 15, 2016 — Scholastic Corporation (NASDAQ: SCHL), the global children's publishing, education and media company, today reported financial results for the Company's fiscal 2017 second quarter ended November 30, 2016. Revenue in the second quarter was $623.1 million, compared to $601.8 million a year ago, an increase of $21.3 million, or…

October Bookstore Sales Slipped 1%
December 15, 2016 at 11:15 am

Bookstore sales dipped 1.0% in October compared to a year ago, according to preliminary estimates released this morning by the U.S. Census Bureau. Sales for the month were $774 million, down from $782 million in October 2015.

Publishing Revenue Fell 7% at Wiley
December 8, 2016 at 11:00 am

Following its October purchase of the publishing-software and services provider Atypon, John Wiley has restructured the way in which it reports its financial results. The company has created three categories: research (50% of revenue in the first half of fiscal 2017); publishing (37% of year-to-date revenue); and solutions, (13% of revenue).

Golden Headsets: Audiobooks’ Growth Is Music to Publishers’ Ears
November 28, 2016 at 3:08 pm

Involved with the Audio Publishers Association (APA) since 2001, Michele Cobb has been the organization’s executive director since March 2015. Her nonprofit trade organization has existed to promote the audio publishing industry and its players since 1987. And when Cobb joins a panel on Friday (December 2) at The FutureBook conference in London, she’s likely to…

Pottermore Returns to Growth
November 22, 2016 at 1:54 pm

Pottermore, the digital content company for J K Rowling's Harry Potter books, returned to growth in its last financial year after the firm’s decision to make its ebooks and audiobooks available via Amazon, Apple, Audible and others “really paid off”. In the year to end-March 2016, sales more than doubled to £15.1m, compared to £7m…