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Regnery Has Mixed Second Quarter
Second quarter revenue rose but earnings dropped in Salem Media Group's publishing division, home to Regnery Publishing. After the quarter, Salem reported that it the bought assets of Hillcrest Media, which provides services to self-publishers.
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Trade Sales Up at HMH, But Profit Dips
Revenue in Houghton Mifflin Harcourt’s trade publishing segment rose 3.2% in the second quarter ended May 31, 2016 over the comparable period in 2015. Adjusted EBITDA fell to $322,000 from $412,000 in the second quarter of 2015.
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PRH Had 'Solid' First Half, Pearson Says
Pearson, which has a 47% stake in Penguin Random House, reported that Increased benefits from the integration of Penguin and Random House offset "reduced demand" for e-books.
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HBG Reports Earnings Jump Despite Sales Drop
Sales for the first six months of 2016 fell 6.6% at Hachette Book Group compared to the first six months of 2015, but earnings rose 180%.
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Amazon Steams Ahead
Total revenue at Amazon rose 31% in the second quarter of 2016 and profits jumped.
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S&S Profits Up But Sales Slip
Second quarter revenue fell 6.0% at Simon & Schuster compared to the second period of 2015, but operating income rose 4.0%.
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Trade Sales Mixed in February
Sales of adult books fell again in February, while sales in the children's/young adult category rebounded, according to figures released Tuesday by the AAP.
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Scholastic Posts Solid Fiscal 2016 Results
Led by a 14% increase in revenue in its trade division, total sales at Scholastic rose 2% in the fiscal year ended May 31, 2016 over fiscal 2015.
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EDC Has Another Record Quarter
Revenue jumped 137% in the first quarter ended May 31, over the comparable period last year, at Educational Development Corp.
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Publishing Sales Dipped in 2015
Final estimates released this morning by the Association of American Publishers show that total industry sales dipped 0.6% in 2015 compared to 2014, falling to $27.78 billion, from $27.96 billion in 2014.
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At Bankruptcy Hearing, Hastings Finds Some Hope
Wednesday, at a hearing in its bankruptcy proceedings, the retailer won a short extension in the amount of time it has to find a buyer.
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Publishing Industry Stocks Have Modest Six-Month Gain
Barnes & Noble was the top performer on the Publishers Weekly Stock Index.
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AAP Reports Book Sales Down in January
The two major trade segments--adult and children's/YA--had a slow start to the year, according to the Association of American Publishers' StatShot program.
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B&N Sales Dropped 3.1% in Fiscal 2016
Lower sales in its Nook division, a dip in sales at BN.com, and store closures combined to leave Barnes & Noble with a 3.1% decline in fiscal 2016. The retailer reported a net loss of $24.4 million for the year.
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Wiley Touts Digital Progess in Down Fiscal 2016
Sales and earnings fell in fiscal 2016 at John Wiley as the company continued its transition to a digital knowledge and learning company.
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Industry Stocks: May 2016 Performances
With Amazon’s stock price closing at a 52-week high of $722.79 on May 31, the Publishers Weekly Stock Index rose 6.9% in the month.
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EDC Posts a 59% Earnings Jump in Record Fiscal 2016
Total revenue soared 95% in the fiscal year ended February 29, 2016 at Educational Development Corp. over fiscal 2015, to $63.6 million, and net earnings jumped to $2.1 million from $859,200 a year earlier.
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Off Strong Year-End, Bloomsbury Unveils Major Resctructuring
Bloomsbury Publishing reported an 11% increase in both sales and profits in the fiscal year ended February 28, 2016. It also announced that it was accelerating its plan to shift its focus from the consumer to non-consumer area.
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Sales Down, Profits Up at HBG
Revenue for the first quarter ended March 31, 2016 fell 10.3% at Hachette Book Group, compared to the same period last year, parent company Lagardere reported.
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Industry Stocks: April Performances
A $1 billion profit in its first quarter led to a surge in Amazon’s stock price at the end of April, giving the online giant a 11.1% increase in its share price last month.
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