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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…

Press Release: Forbes and Advantage Media Group Partner to Launch ForbesBooks
November 28, 2016 at 2:53 pm

NEW YORK — November 28, 2016 — Advantage Media Group (Advantage) and Forbes announced today the launch of ForbesBooks, the first book-publishing imprint for the global media company. “We see adding a book imprint to our business as a unique growth opportunity in the marketplace, and it’s in line with our strategy to diversify revenue…

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…

Press Release: Universal Cable Productions Partners with Wattpad for Original TV Content
November 22, 2016 at 1:16 pm

TORONTO — November 22, 2016 — Wattpad, the global multiplatform entertainment company, and Universal Cable Productions (UCP), a division of NBCUniversal Cable Entertainment, have partnered to develop original content across multiple categories that will influence future television programming. UCP will produce a number of television projects derived from Wattpad content across multiple categories including: mystery/thriller,…

B&N Second Quarter Sales Fall 4.0%
November 22, 2016

Barnes & Noble attributed its overall decline in the quarter—which saw retail group sales fall 3.5%, and comparable store sales drop 3.2%—to lower store traffic.

Why David Risher Cheers as Readers Embrace Smartphones
November 21, 2016 at 11:57 am

Ask media executives about readers’ global migration to smartphones, and you can expect a chorus of groans. It’s the same lament across the newspaper, magazine and book businesses. The rise of tiny screens upends readers’ traditional habits — and clobbers ad revenue. David Risher sees things differently. He’s the president and cofounder of Worldreader, a…

Adult Books Sales Fell in First Half of 2016
November 18, 2016 at 12:59 pm

Sales of adult trade books dropped 2.8% in the first half of 2016 compared to the same period in 2015, according to figures released by the Association of American Publishers as part of its StatShot program. Sales in the children’s/young adult segment, meanwhile, rose 0.9% in the same period. Within the adult books category, sales…

Press Release: Open Access Books Poised to Grow 30% a Year Through 2020
November 16, 2016 at 8:30 am

ROCKVILLE, Md., Nov. 15, 2016 /PRNewswire/ -- While the movement to unlock the vaults of scientific, technical and medical (STM) research is revolutionizing academic journal publishing, scholarly and professional book publishers are experimenting with open models simply to keep the venerable monograph from extinction—this according to the most recent report from media and publishing intelligence…

Adult Books Sales Fell in First Half of 2016
November 16, 2016

Sales of adult trade books dropped 2.8% in the first half of 2016 compared to the same period in 2015, according to figures released by the Association of American Publishers. Sales in the children’s/young adult segment, meanwhile, rose 0.9% in the same period.

New Chairman for Penguin Random House
November 15, 2016 at 2:11 pm

John Makinson will retire as chairman of Penguin Random House at the end of the year, and will be succeeded by Philip Hoffman. Makinson had been CEO of the Penguin Group prior to its merger with Random House. Following the merger, Makinson was named chairman of the trade publisher…