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Trade Sales Fell in November
Sales in the adult trade segment fell 2.2% in November 2017 compared to a year ago, but were still up 2.9% in the first 11 months of the year. Children's/YA sales were down 8.2% in November and fell 3.0% for the first 11 months of the year.
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Sales, Earnings Drop at Quarto
Sales at the Quarto Group fell less than 1% in 2017 compared to 2016, and profit fell more substantially, declining 57.6% to $7.2 million.
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PRH Has Stable 2017
The negative impact of exchange rates led to a 3% decline in earnings at Penguin Random House last year compared to 2016, while acquisitions offset the impact of exchange rates on the top line.
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Scholastic Q3 Results 'On Track'
Sales at Scholastic rose in the third quarter over the comparable period a year ago, but higher investments and one-time charges led to a higher loss in the quarter. Still, the company raised its earnings per share forecast for the year.
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Regnery Posts Small Gains in 2017
Regnery Publishing had a small gain in sales and earnings in 2017 over 2016, but publisher Marji Ross said that with Sean Spicer's book set for release this summer the company is poised for a strong 2018.
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HBG Sales Rose 2.7% in 2017
Contributions from Perseus and its Nashville-based imprints helped lift sales at Hachette Book Group to about $761 million in 2017. Earnings also rose in the year.
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Sales Fall in Q3 at Wiley's Publishing Division
Revenue in John Wiley’s publishing division fell 1% in the third quarter ended January 31, compared to the same period a year ago.
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Canadian Educators Sue Copyright Organization
Canadian education ministries are suing Copyright Access to recoup $21.5 million they paid to the organization between 2010-2012 for materials used in K-12 classrooms. The head of one publishing group call the suit "a disturbing attack."
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Industry Stocks: February 2018 Performances
Three companies on the Publishers Weekly Stock Index whose stock prices have struggled in recent months posted the best gains in February.
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Adult Trade Saw Big Gains in October
Sales in the adult trade segment rose 25.8% over October 2016, according to AAP’s StatShot program. Sales of children's/young adult books in the period increased a more modest 3.5%.
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After Another Disappointing Quarter, B&N Unveils Turnaround Plan
Sales at the retailer fell again in the third quarter, down 5.3%. The slide prompted the creation of a four-pronged strategic plan that will require, as CEO Demos Parneros put it, "a significant multi-year transformation."
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HMH Trade Unit Posted a Profit in 2017
An 11.4% increase in revenue in the HMH trade division in 2017 over 2016 plus cost cuts resulted in net income of $2.0 million in the group last year compared to a loss of $7.0 million in 2016.
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S&S Posts Solid 2017 Sales, Earnings
Fourth quarter sales rose 12% at S&S while earnings jumped 22%. These gains helped the publisher to an 8% sales gain for the full year, with earnings up 11% over 2016.
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Publishing Revenue Rose 1.1% at Lagardère in 2017
Revenue at Lagardère Publishing increased 1.1% in 2017, over 2016, rising to €2.29 billion. Its Hachette Book Group subsidiary had "good net revenue growth" over 2016, HBG CEO Michael Pietsch said.
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Adult Sales Up, Kids' Sales Down In First Nine Months of 2017
Sales of adult trade books inched up 0.4% in the first nine months of 2017, over the same period in 2016, according to estimated released by the AAP’s StatShot program. Sales in the children’s/young adult segment fell 3.5% in the nine-month period compared to 2016.
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HC Earnings Rise 7% in Q2 on 1% Sales Gain
The positive impact of currency fluctuations, plus higher backlist sales in its children's division, led to a 1% revenue rise at HarperCollins this past quarter.
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Industry Stocks: January 2018 Performances
The Publishers Weekly Stock Index dipped 1.5% in January, substantially underperforming compared to the Dow Jones Industrial Average, which rose 5.8%.
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Amazon Sales Soared in 2017
Amazon's revenue in 2017 jumped 31% over 2016, but operating income fell 2%. The company sees more huge sales gains in the first quarter of 2018, but no earnings increase.
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Publishing Revenue at IDW Fell in Fiscal 2017
IDW Media reported that sales in its publishing group fell 12.1% in fiscal 2017 compared to fiscal 2016, but that it expects improved results in the current year.
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'Worst Is Behind,' Says Federation of European Publishers
Members of the Federation of European Publishers sold $28 billion worth of books in 2016, the same as 2015, signaling that the industry has finally stabilized following the uncertainty of the 2008 financial crash.
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