Scholastic Corp.'s top-line results have been choppy in recent quarters, as revenue from educational publishing declined. The company has been spending heavily to invest in new technology such as e-books. To fund its digital growth, the company said this year it plans to reduce other costs and declared a voluntary retirement program. Chief Executive Richard Robinson said Thursday that the company is on track with its cost-cutting goals. For the quarter ended Nov. 30, Scholastic reported a profit of $82.8 million, or $2.60 a share, up from $74.9 million, or $2.14 a share, a
Happy Thanksgiving, Book Business readers!
May we recommend you check out (but don't gore yourself on)the year's 100 notable tomes in fiction, poetry and nonfiction as selected by the New York Times between drumsticks, football games and "quality time" with extended family. Remember, it's about portion control, people.
Today, Amazon.com, Inc. (NASDAQ:AMZN) announced the launch of the Kindle Owners’ Lending Library. With an Amazon Prime membership ($79 annually), Kindle owners can now choose from thousands of books to borrow for free – including over 100 current and former New York Times Bestsellers – as frequently as a book a month, with no due dates.
Friday marks the end of an era. Some, like Warner Bros. executive Dan Fellman, compare its finality to the breakup of the Beatles.
When Harry Potter and the Deathly Hallows: Part 2, the eighth and presumably final film based on the phenom that has sold 450 million books and close to a billion movie tickets, opens this week in theaters from Lahore to Los Angeles, it will be twilight in the Potterverse.
The Publishing Business Conference & Expo (PBC) today announced a roster of speakers for the 2010 show, highlighted by top executives from publishing companies including HarperCollins, Oxford University Press, Springer Science + Business Media, Pearson and DailyLit
Publishing Executive and Book Business magazines, producers of the Publishing Business Conference & Expo, have announced "Mr. Magazine" (Samir Husni) and executives from GIE Media, Greenleaf Book Group and Oxford University Press to co-chair an all-star conference advisory board
HarperCollins Publishers Worldwide, one of the five largest book publishers in the world and a subsidiary of News Corp., is strategically focused on a digital evolution that will shape the company’s goals and mission in the future. The foundation of this evolution can be traced back 10 years to when Jane Friedman was hired as the company’s president and CEO. According to Friedman, in the past 10 years HarperCollins has increased profits by more than 1,000 percent and its total revenue went from $600 million to $1.3 billion in 2006. The company publishes an average of 4,300 titles globally per year, with 3,100 employees