Revenue

Press Release: J.K. Rowling’s Beloved Harry Potter Digital Audiobooks Reach One Million Copies Sold on Audible
March 31, 2016 at 2:22 pm

NEWARK, N.J. — March 31, 2016 — Audible Inc., the world’s largest seller and producer of downloadable audiobooks and other spoken-word entertainment, today announced that J.K. Rowling’s Harry Potter digital audiobooks have sold one million units at audible.com, audible.co.uk, audible.de and audible.com.au. This milestone was reached only four months after Audible became the sole subscription-based…

What Adult Coloring Books Show Us: Light, and Dark
March 30, 2016 at 2:41 pm

It’s springtime for Crayola. Not that we haven’t known for some time that everything’s coming up “Brilliant Rose” for adult coloring books. (That’s a shade of crayon produced by the company from 1949 to 1958, “Fuzzy Wuzzy” having been a more recent shade, 1998 to 2005.) Last Friday, The Bookseller’s Lisa Campbell reported that the…

Press Release: Scholastic Reports 8% Increase for Fiscal 2016 Q3 Results
March 24, 2016 at 12:14 pm

NEW YORK — March 24, 2016 – Scholastic Corporation (NASDAQ: SCHL), the global children’s publishing, education and media company, today reported financial results for the Company’s fiscal 2016 third quarter ended February 29, 2016. Revenue as reported in the third quarter was $366.0 million, compared to $346.5 million a year ago. Excluding the foreign exchange…

Coloring Books Drive Big Adult Trade Sales Gain
March 23, 2016 at 12:19 pm

Led by sales of trade paperbacks — the format for adult coloring books — sales of adult books rose 9.5% last November over November 2014 at trade houses that report to AAP’s StatShot program. Sales of trade paperbacks rose 31.4% in November, helping to offset a 14.9% drop in ebook sales at reporting companies. In…

Coloring Books, Children's Boost Quarto 2015 Results
March 17, 2016 at 2:15 pm

Revenue at Quarto Group rose 6% in 2015 over 2014, to $182.2 million, while net profit increased 2%, to $9.3 million. Quarto chairman Tim Chadwick said 2015 was the most profitable year in Quarto’s history and that, with the company fulfilling his vision of attaining financial stability, he will step down as chairman this spring…

Have Journal Prices Really Increased Much in the Digital Age?
March 10, 2016 at 2:11 pm

What if the only measurement of energy costs you followed was the price of oil, while everyone was shifting to cheaper and more efficient alternatives? And what if you completely ignored the fact that everything around you was using more and more power — your lights, your phone, your car, your heat, your media center?…

Press Release: AAP StatShot — Trade Sales up Slightly in October 2015
March 2, 2016 at 2:00 pm

WASHINGTON — March 2, 2016 — Publishers’ book sales for trade (consumer) books from Jan. to Oct. were up 0.5% compared to the same timeframe in 2014. Overall publisher revenue for the 10-month period was $13.2 billion, down 2.8%. These numbers include sales for all tracked categories (Trade - fiction/non-fiction/religious, K-12 Instructional Materials, Higher Education…

Students Are Spending Less on Textbooks, but That’s Not All Good
March 1, 2016 at 11:43 am

With all of the talk about the high cost of college textbooks and the buzz about free online alternatives, it is surprising how little is understood about how much students spend on required course materials. The popular wisdom is not only that textbook costs are high ($1,200 a year per student, according to one oft-cited…

Pearson Posts Profit Rise But Warns on Outlook
February 26, 2016 at 3:27 pm

Pearson PLC (PSON.LN) on Friday recorded a jump in full-year profit after earnings were boosted by the landmark sale of its trophy publishing assets, even as the education products specialist warned it faces a challenging outlook this year. London-based Pearson said its 2015 net profit soared to 823 million pounds ($1.15 billion) from GBP471 million…