Finance

Independent Publishers Group Finds Some New Directions
February 6, 2024 at 11:00 pm

The biggest independent book distributor in the U.S. sees opportunities in 2024 both here and in the U.K., where it has finally stabilized the United International Distribution business it bought in 2021—and where a 2023 change in Amazon's sourcing requirements has left a hole CEO Joe Matthews says he hopes IPG can fill.

Publishing Industry Sales Were Flat in November
February 5, 2024 at 11:00 pm

Gains in both the children's/young adult books and religion categories were enough to offset declines in the other major segments in November at the 1,225 publishers that report sales to the AAP.

Indigo Books & Music Gets a Buyout Offer
February 4, 2024 at 11:00 pm

Two investment firms led by Canadian billionaire Gerald Schwartz—an Indigo board member, husband of founder Heather Reisman, and the company's majority owner—has made an offer to acquire the remaining shares of Canada's largest bookstore chain.

Print Book Sales Fell 2.6% in 2023
January 5, 2024

A 1.7% increase in sales in the fourth quarter kept the drop at 2.6% for the year, overcoming a 4.1% drop during the first nine months. Smaller than expected losses in sales of books for adults helped to offset plunges in the children’s sector.