Finance

Sales Up, Earnings Slip in Q3 at EDC
January 17, 2020

Revenue at Educational Development Corp. inched ahead 0.8% in the third quarter ended November 30, 2019, over the comparable period a year ago. Net income fell 2.8%, to $2.7 million.

Print Unit Sales Dropped 3.7% After Christmas
January 10, 2020

The first full shopping week after Christmas, which ran from December 29, 2019, through January 4, 2020, saw unit sales of print books fall 3.7% compared to the similar week in 2010 at outlets that report to NPD BookScan.

B&NE Appoints Financial Adviser
January 9, 2020

Barnes & Noble Education hired Morgan Stanley to serve as its financial adviser as it looks for ways to increase shareholder value in a fast-changing college material market.

Publishing Stocks Fell in 2019
January 3, 2020

After beginning 2019 with 10 companies, the Publishers Weekly Stock Index was down to only eight members at the close of the year, losing Barnes & Noble and Simon & Schuster. The remaining companies saw their combined stock price decline by 9%.

The Economic Hardship Reporting Project Gives Writers a Hand
December 20, 2019

Founded in 2012 to help freelance and unemployed journalists get published in newspapers, magazines, and other periodicals, the organization now wants to ensure that more books by such writers pass through the publishing pipeline.

Scholastic Has Flat Q2
December 20, 2019

Sales and earnings slipped slightly in the second quarter of fiscal 2020 compared to the same time a year ago. The trade division saw a sales rise, and the company said it expects to hit its financial targets for the full fiscal year.