Revenue

U.S. Book Publishing Revenue Declines 2% in First 3 Quarters of 2015
January 29, 2016 at 3:26 pm

This week the Association of American Publishers (AAP) released Q3 revenue numbers from more than 1,200 trade, K-12, higher education, university press, and professional publishers. The data spans January to September of 2015, and compared to the same period in 2014, publishers’ net revenue declined 2% from $12.1 billion to $11.9 billion. Driving much of…

In India, Education and the Government Drive the Publishing Market
January 25, 2016 at 2:26 pm

At the recently concluded 43rd edition of the New Delhi World Book Fair, held from January 9 to 17, the big names in the publishing world were hard to miss: Cambridge University Press, HarperCollins, Random House, Sage, Scholastic, and Taylor & Francis, for instance, had prominent booths. The companies were attracted by the size of…

The Price Point: What Coverage of Print Books’ Improved Sales Ignored
December 30, 2015 at 2:23 pm

Paper fetishists have been gleefully reporting from Nielsen BookScan data for the year that print sales have seen a slight uptick in 2015, while adding that sales of new ebook readers (such as Amazon’s Kindle) have suffered. Most of the coverage hits the exact same points: 2.4 percent increase in print sales, diminished enthusiasm for…

Print Book Sales Are Up, but Don't Start Celebrating Just Yet
December 23, 2015 at 9:37 am

Cheers could be heard coming from the “print isn’t dead” section of the book-publishing industry on Monday, thanks to some numbers from Nielsen that showed sales of printed books rose this year by about 2%. In the book business, that qualifies as a blockbuster year. But if you look beneath the numbers, it becomes less…

S&S UK Saw 'Significant' Growth in 2015
December 21, 2015 at 1:42 pm

Simon & Schuster UK has seen “significant” year-on-year growth in 2015 as the global publishing company is “positioned to surpass” last year’s financial performance. In an end-of-year message to employees, Carolyn Reidy, president and c.e.o of S&S, said the company’s better financial performance this year in “today’s challenging retail environment” was “a tribute to the…

Press Release: Scholastic Reports Fiscal 2016 Second Quarter Results
December 17, 2015 at 11:12 am

NEW YORK—December 17, 2015—Scholastic Corporation (NASDAQ: SCHL), the global children’s publishing, education and media company, today reported financial results for the Company’s fiscal 2016 second quarter ended November 30, 2015. Revenue in the second quarter, excluding the effects of foreign exchange on the Company’s international operations, was $619.0 million, compared to $611.1 million a year…

Education Publisher Ditches Amazon, Sales Soar
December 16, 2015 at 2:29 pm

For the six-month period ended Aug. 31, 2015, revenue at Educational Development Corp., which sells children’s books under the Kane Miller and Usborne imprints, jumped to $22.2 million, up 59% compared to the same period in 2014, and net income soared by over 300%, to $969,000. Sparked by those figures, EDC’s stock price rose from…

Barnes & Noble Wants to Become More Than Books
December 4, 2015 at 11:56 am

When Ron Boire was growing up on a dairy farm in upstate New York, helping out around the property for $2 an hour, he saw new books as an out-of-reach luxury. From Our Advertisers “We didn’t have any money, and my mother was a voracious reader,” he said. “I remember telling a friend, when I…

How Amazon’s Long Game Yielded a Retail Juggernaut
November 19, 2015 at 2:27 pm

To study the graph of Amazon’s stock performance in 2015 is to witness a series of stepwise lurches toward commanding new heights. Over all, the stock market has been flat this year, and technology companies, as a group, haven’t fared much better. Then there’s Amazon, which slipped the atmosphere. Shares of Jeff Bezos’s company have…

Pearson Investors Unclear of Company Vision as Shares Tumble
November 16, 2015 at 9:58 am

Pearson investors have “little visibility” on what the company may do in the next few months, one analyst has warned, while another has said further restructuring at the academic publisher was “almost inevitable.” The analysts were speaking after the share price at the company tumbled last week, down 5.6% at 773.00p on 12th November. One…