Revenue

Why are Publishers Happy About Missing Out on the Digital Revolution?
May 9, 2018 at 2:08 pm

The chart you see above is from Gallup and Pew measuring the percentage of adults in the U.S. who have not read a single book in the year measured. It was 8% in 1978 and has been hovering at 23-27% in recent years. This is not a trend one associates with a growth industry. Meanwhile,…

Reidy Hails Profitable Year at S&S and 'Stable' Publishing Marketplace
December 22, 2016 at 12:50 pm

Despite what she described as a “tumultuous year in both the U.S. and around the world” in her year-end letter to S&S employees, S&S CEO and president Carolyn Reidy hailed 2016 as “a period of relative stability in the publishing marketplace.” In her letter, Reidy cited a year of bookselling success for S&S, led by…

A Dull Holiday Season?
December 22, 2016 at 4:00 am

The hoped for post-election and holiday season sales bounce does not seem to be materializing. Unit sales of print books were down almost 6% between Thanksgiving week and the week ended December 18, 2016 compared to the similar period in 2015 at outlets that report to Nielsen BookScan. Perhaps the most worrisome for booksellers and…

Turning Up the Volume on Audiobooks in Canada
December 19, 2016 at 11:56 am

Positive reports from The FutureBook Conference indicate that audiobook use is on the rise, especially in the US, the UK, and Sweden. In Canada, audiobook use has been the focus of an in-depth survey. At the end of last month, BookNet Canada released Are You Still Listening? Audiobook Use in Canada 2016, a survey of audiobook…

European Publishers Sold $23.3 Billion in Books in 2015
December 16, 2016 at 10:17 am

In 2015 the 28 countries that are members of the EU and EEA (European Economic Area) generated €22.3 billion ($23.36 billion) in total annual sales, according to a new report by the Federation of European Publishers (FEP) issued last week. The number is up slightly from 2014, when total revenue was €22 billion. The sum…

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…