The Latest Marketplace Data Would Seem to Say Publishers Are as Strong as Ever
October 19, 2016 at 10:54 am

This post began being written a couple of weeks ago when I recalled some specific misplaced expectations I had for the self-publishing revolution and started to ponder why things happened the way they did in recent years. It turns out a big part of the answer I was looking for provides clarity that extends far…

Pearson Shares Tumble 10% as Sales Slide
October 17, 2016 at 11:20 am

The full extent of the difficulties Pearson is facing following the sale of the Financial Times to focus on education has been laid bare, as jittery investors sent its share price tumbling 10% after the company reported worse than expected sales. Pearson’s chief executive, John Fallon, sold the FT in 2015, as well as its…

Hachette to Bring in New Royalty Statement System in 2018
October 14, 2016 at 1:12 pm

Hachette will be bringing in more regular, clearer and more detailed royalty statements for authors by the end of 2018, the company has said in a letter to its authors. Writing his annual end of year letter to Hachette authors sent out yesterday evening (13th October), c.e.o Tim Hely Hutchinson said: "After consulting widely with…

October 2016 Author Earnings Report: A Turning of the Tide…?
October 13, 2016 at 9:56 am

Two and a half years. Ten quarterly Author Earnings reports. With each one of them, we learned something new and unexpected about our rapidly changing industry. But this October surprise flat-out blindsided us… After two and a half years of quarter-over-quarter growth, Indie Ebook market share shrinks significantly

Faber Sales Up in 'Outstanding' Year
October 10, 2016 at 1:12 pm

Faber has returned to profitability this year after recording a loss in 2015, helped by a “wide range of titles selling extremely well”. The results mark the “third best in the company’s history”, Faber said, with turnover up 6.9% in the year ending March 2016, to £17.06m (£15.96m in 2015), “ahead of expectation”, helped by…

AAP StatShot: Publisher Trade Book Sales Up 3.4% in April, Overall Sales Down Year-to-Date
September 30, 2016 at 2:44 pm

The Association of American Publishers (AAP) released its book sales report for April 2016, surveying 1,200 publishers in the consumer, educational, and professional segments of the industry. The results represent publishers’ net revenue for the month, not retail sales. Overall book sales continue to drop with publishers reporting a 4.3% revenue decline from April 2015…

Sales, Earnings Fell by Double-Digits at PRH
September 1, 2016 at 12:27 pm

Sales and earnings at Penguin Random House both fell by more than 10% in the first half of 2016 compared to the same period in 2015. PRH parent company Bertelsmann reported that revenue at the trade publisher fell 10.7% in the first six months of 2016, to 1.52 billion euros, while EBITDA (earnings before taxes,…

Retail Sales Up Despite Brexit
August 10, 2016 at 12:46 pm

Retail sales are holding up after the UK’s decision to leave the EU, figures have revealed today. Total high street sales increased by 1.9% in July in comparison to the year before, according to the British Retail Consortium (BRC) and KMPG’s latest survey, while like-for-like sales were up by 1.1%.