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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.

Why Forbes Is Backing Book Publishing to Save the News Media
December 15, 2016 at 11:05 am

As we await next month’s inauguration of Donald Trump as the 45th president of the United States, the potential power of the personal brand has never been so startlingly obvious. The key vehicle for Brand Trump, the Midas-like persona that has propelled the property developer to the White House, was a 372-page document printed and…

European Publishers Sold $23.3 Billion in Books in 2015
December 15, 2016

The 28 countries that are members of the EU generated €22.3 billion ($23.36 billion) in total annual sales in 2015, up slightly from €22 billion in 2014, according to a new report by the Federation of European Publishers.

Potter Lifts Scholastic Results
December 15, 2016

Trade sales in the quarter ended November 30, 2016 jumped 60% at Scholastic over the comparable period a year ago, led by the market strength of several Harry Potter titles.

AAP Congratulates Trump, Pushes IP Enforcement
December 14, 2016 at 11:00 pm

In a public letter, released this morning, AAP general counsel and v-p Allan Adler congratulated Trump on his election, and urged his administration to take up IP-related issues once in office.

Press Release: New York Public Library and Macmillan to Launch a Publishing Partnership
December 14, 2016 at 11:27 am

NEW YORK — December 13, 2016 — The New York Public Library and Macmillan Publishers have announced a new agreement to create and publish a wide variety of print and ebooks for adults and for children drawing from and inspired by the Library’s world-renowned collections of rare books, manuscripts, photographs, maps, artifacts, and more. The bulk…

“The Content Trap” Is a Must-Read Book for Publishers
December 12, 2016 at 9:41 am

A recent trip to a local brick-and-mortar bookstore helped me realize that even the best algorithms and email campaigns can’t replace in-person product discovery. I noticed a book called The Content Trap sitting face-out on the shelf and couldn’t resist picking it up. Great title. Intriguing outline. Normally I’d make a note to grab the…

Audiobooks Were Set to Destroy Books — but Instead, They Opened a New World
December 9, 2016 at 12:06 pm

The turn of the century was approaching, and so was the death of the book. That’s what some were saying in the 1990s, as the Internet became ubiquitous. But in predicting print’s downfall, the prognosticators were 100 years behind the times. “Phonography will probably be the destruction of printing,” said the narrator of “The End…

California Booksellers See a Threat in New Law
December 9, 2016 at 11:56 am

The private act of reading is about to get a lot more public in California. A new law going into effect next month mandates that anyone selling a signed book for more than $5 must vouch for the autograph’s authenticity. That includes, among other things, identifying the previous owner. “If you visit my bookstore to…

Press Release: Blizzard Entertainment Establishes Book-Publishing Label
December 8, 2016 at 11:32 am

IRVINE, Calif. — December 8, 2016 — Blizzard Entertainment today announced the creation of a book-publishing label, Blizzard Publishing, dedicated to developing and releasing new Blizzard publications and reissuing out-of-print titles in the company’s Warcraft®, StarCraft®, and Diablo® settings, directly and through ongoing global partnerships. Each of Blizzard’s game universes has been inhabited by millions…

Are Small Publishers Doing All the Hard Work for the Big Ones?
December 8, 2016 at 11:13 am

Paul McVeigh and Kirsty Logan are authors you may have heard of. Both of their debuts were published by Salt, an independent publisher. Paul McVeigh’s The Good Son was shortlisted for a bunch of awards, and won the Polari first book prize this year. Kirsty Logan’s The Rental Heart and Other Fairytales won three awards…

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).

Publishing Revenue Fell 7% at Wiley
December 7, 2016

Sales in John Wiley's newly-created publishing segment fell 7% in the second quarter ended October 31, 2016 compared to a year ago. Book sales fell 9% in the quarter.

Press Release: AAP Supports The Freedom of Speech for Bad Little Children's Books
December 6, 2016 at 12:05 pm

WASHINGTON — December 5, 2016 — Earlier this fall, Abrams published a book of adult humor satirizing the rather saccharine covers of the Little Golden Books that many of us grew up with. Edgy and politically incorrect, the book, Bad Little Children’s Books, is definitely not intended for children. It is described by the publisher…

Iowa Considering Ebook Sales Tax
December 2, 2016 at 1:53 pm

Iowa is the latest state considering the introduction of a sales tax on digital products such as e-books and software. Today, state legislators and Iowa Department of Revenue officials met to discuss the proposal, which would result in a tax on digital products sold by companies with a nexus, or significant physical presence, in the…

Industry Stocks: November 2016 Performances
December 2, 2016

The Publishers Weekly Stock Index fell 3.8% in November as the share prices of five companies on the PWSI fell in the month and prices of another five rose.

UAE Launches New Law to 'Make Reading a Daily Habit'
November 29, 2016 at 3:04 pm

They will have to focus on work-related reading rather relaxing with the latest thriller from James Patterson, but government employees in the United Arab Emirates are to be given “dedicated time to read” during work hours following a new law intended to “make reading a daily habit”. Described as the first of its kind, the…

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…