Scholastic Has Soft Third Quarter
March 24, 2023

The publisher cited a number of economic factors for a disappointing quarter, including weaker consumer demand for books and lower orders from retailers and wholesalers that are still working through high levels of inventory acquired last year that remains unsold.

Publishing Industry Sales Rose 3.5% in January
March 17, 2023

Despite high returns, sales for the 1,240 companies that report results to AAP's StatShot program increased 3.5% in January, with the adult books segment leading the way.

Wiley Has Disappointing Third Quarter
March 8, 2023 at 11:00 pm

A decline in sales in Wiley's academic group and problems in an open access unit led to a 5% drop in sales in the quarter and an operating loss of $67 million. The unexpected results led Wiley to speed up its streamlining efforts and to lower its financial forecast for fiscal 2023.

Preliminary AAP Sales Find a 6.4% Decline
February 16, 2023 at 11:00 pm

Year-end figures from the Association of American Publishers’ StatShot program show sales were down in all publishing categories.

S&S Sales Topped $1 Billion in Record 2022
February 15, 2023 at 11:00 pm

With all of its operating groups reporting sales gains, revenue and profits hit record levels in 2022 at Simon & Schuster. CEO Jonathan Karp called the year "stratospheric."

Workman Sales Boosted 2022 Hachette Book Group Results
February 14, 2023 at 11:00 pm

With a full year of sales from its purchase of Workman Publishing in its pockets, Hachette Book Group saw revenue rise over 2021, but higher costs dropped profits. Results at HBG parent, Lagardère Publishing, followed a similar pattern.

Deal Reached in HarperCollins Strike as Publisher Has Another Bad Quarter
February 9, 2023 at 11:00 pm

HarperCollins has reached a tentative agreement with its striking union that includes an unspecified increase in minimum salaries. The deal was announced shortly after the publisher reported that sales fell 14% in the quarter ended December 31, and that profits plunged 52%.

Publishing Sales Dropped 6.4% in 2022, AAP Report Finds
February 9, 2023 at 11:00 pm

Sales from publishers reporting to the AAP's StatShot program were down 6.4% in 2022 compared to 2021. Sales were down in all publishing categories, with print sales off in both trade segments.