The lack of a mega-bestseller was one factor in the 9.6% drop in revenue at Penguin Random House in 2016; earnings in the year fell 3.6% compared to 2015. Operating margins, however, improved to 16.0% in 2016, up from 15.0% in 2015.
A bill introduced in Congress yesterday would let Donald Trump pick the next register, rather than Librarian of Congress Carla Hayden.
The author of the appeals court decision that legalized Google Books last April told attendees that the case was not close.
Barnes & Noble reported an 8.0% decline in third quarter sales. The retailer said that, with trends softening, it was lowering its revenue and earnings projections for the fiscal year ending in April.
The 2016 publishing sales data shared by Author Earnings at Digital Book World reminded me of all the times I have been the sad-sack tasked with managing the “death squeeze.” I went through it in the consumer photo business, the paper atlas business, and then the CD-ROM mapping software business. Each of these industries relied…
Sales of adult trade books fell 1.6% in the first nine months of 2016 compared to the same period in 2015, according to figures released by the AAP as part of its StatShot program. Sales of children’s and young adult books increased 4.9% in the same period.
Despite a decline in sales at Penguin Random House in 2016, the world's largest trade publisher delivered 129 million pounds in operating profit to its parent company, Pearson. The sum marks a 43% increase over its profit contribution from 2015.
Total revenue at Lagardère Publishing rose 2.6% in 2016, to 2.26 billion euros. The increase includes a 70 million euro ($74.6 million) contribution from the Perseus Books Group publishing division, which Hachette Book Group acquired in March.
Sales of print books fell 3.6% last year compared to 2015, dropping to $753.4 million, according to figures released this week by BookNet Canada. Print units were off 6.4% as Canadians continued to do more of their book buying online.