Earnings at Lagardère Publishing fell 9.6% in 2018 compared to 2017, but increased at its U.S. subsidiary, Hachette Book Group, where sales were up 3.7%.
A failed attempt to shift the magazine and book publisher's business to an e-commerce model has led F+W to sell both its books division, which has revenues of $22 million, and It's communities group, which had sales of almost $68 million.
In a year in which it replaced both its chairman and CEO and sold or closed a number of divisions, the Quarto Group reported that revenue in 2018 fell 2% from 2017. The company’s bottomline improved as adjusted profit rose to $10.3 million from $7.2 million a year ago.
In a letter filed with the Supreme Court this week, the defendants asked for more time to file a petition, saying the case raises "novel and important legal questions."
In the Wiley publishing segment, the company reported that educational publishing revenue dropped 23% compared to last year’s third quarter, while STM and professional publishing revenue fell 20%. Overall sales for the company dropped 1%.
The 2018 sales increase in the Houghton Mifflin Harcourt trade group was led by higher licensing income. Meanwhile, the net loss for the entire company, which includes the education division, was cut to $90.5 million from $135.1 million in 2017.
A week after it changed its name to Quad from Quad/Graphics, the company reported that 2018 sales increased 1.5% over 2017. Net earnings, however, tumbled to $7.9 million.
Gains in the trade and religion segments were offset by declines in the other publishing categories, leading to a small (0.4%) decline in industry sales in 2018, according to the Association of American Publishers’ StatShot program.
Strong sales of digital audio were a key contributor to a 13% increase in profits at HarperCollins in the second quarter ended December 31, 2018. In discussing second quarter results, Robert Thomson, CEO of HC parent company News Corp, criticized Audible's domination of the downloadable audio market.
Hanover, PA—Human Kinetics, a leading publisher of specialized health and physical activity content for students, researchers, and professionals, has partnered with Sheridan PubFactory to host all their journal content and develop a new Video platform to launch in 2019. Human Kinetics publishes more than 25 journals, over 500 textbook and trade book titles, and more…