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Steinberger Details Perseus' Successful Fiscal 2015
After the sale to the Hachette Book Group was called off last year, employees at the Perseus Books Group rallied to deliver record sales, CEO David Steinberger wrote in its annual letter.
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Quarto 'On Track' in First Half of 2015
Revenue at the Quarto Group rose from $65.6 million in the first half of 2014 to $66.2 million on the first six months of the current year, but its pre-tax loss increased to $1.9 million from $600,000 last year.
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Harlequin Makes HC's Year
Eleven months of results from Harlequin helped to offset the strong performance of Divergent in fiscal 2014 giving HarperCollins a 16% increase in revenue for the fiscal year ended June 30, 2015 over fiscal 2014 while EBITDA rose 12%.
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Soft Second Quarter for Regnery
Sales at its Regnery Publishing fell from $5.6 million in last year's second quarter to $4.5 million in the period ended June 30, 2015.
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Monthly StatShot, April 2015
Sales in the adult book segment rose 2.3% in April over April 2014, according to figures released by the AAP as part of its StatShot program.
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Industry Stocks: July Performances
The Publishers Weekly Stock Index jumped 14.2% in July with the gain due entirely to the phenomenal performance of Amazon’s shares which added more than $100 in the month.
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Publishers Struggle With Flat Market
Financial results released by three major trade publishers within the last 10 days reflect the challenges publishers are facing in a market that is seeing little, if any, top-line growth.
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HMH Trade Sales Inch Up, But Profits Fall
Sales in the publisher's trade segment inched up 0.5% in the second quarter, to $37.4 million. But adjusted EBITDA fell to $412,000, from $1.9 million in the second quarter of 2014.
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Adult Trade Sales Rose in April
Sales in the adult book segment rose 2.3% in April over April 2014, according to figures released by the AAP.
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Sales Down, Profits Up at Simon & Schuster
Simon & Schuster posted an 8.6% increase in operating income in the second period of 2015 over the same period in 2014 while revenue fell 5.6%, to $199 million.
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HBG Reports Half Year Sales Down 7.8%
A decline in Hachette's 2015 half year sales reflect continuing challenges from a slowdown in e-book sales stemming from its 2014 battle with Amazon over sales terms.
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PRH Adds 24 Million Pounds to Pearson Profits
Penguin Random House contributed 24 million pounds in operating profit to Pearson in the first half of 2015, up from 18 million pounds in the same period in 2014.
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Amazon Media Sales Fell in Quarter
Although total Amazon sales rose 20% in the second quarter of 2015, sales in the media group, where book and e-book sales are reported, fell 2.6%. The decline was due to foreign exchange fluctuations which dropped international media revenue.
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Slimmer Scholastic Reports $15 Million in Profits
Scholastic reported revenue of $1.63 billion in the fiscal year ended May 31, 2015. The company reported earnings from continuing operations of $15.5 million, compared to $13.3 million in fiscal 2014.
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Direct Sales Drive Educational Development Corp.
Educational Development Corp. added 1,862 home sale reps in the first quarter, helping to drive a 59% jump in sales in the home business division.
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E-book Sales Dropped in First Quarter
E-book sales in the adult and children's/young adult categories fell a combined 8.1% in the first quarter of 2015 compared to the first period of 2014, according to AAP's StatShot program,
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Industry Stocks: June Performances
The Publishers Weekly Stock index fell 1.1% in June, a slightly better performance than the Dow Jones Industrial Average, which dropped 2.2% in the month.
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Sales Slipped, Earnings Dropped at Cengage
Cengage Learning reported sales of $1.71 billion in the fiscal year ended March 31, 2015, down 2.2% from fiscal 2014. Earnings declined in the year with adjusted EBITDA falling to $593.2 million from $622.4 million in fiscal 2014.
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AAP Monthly StatShot, February 2015
Sales in the children’s/young adult category fell 32.1% in February 2015 compared to last February, according to figures released by the AAP as part of its StatShot program.
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The Verdict on 2014: Sales up 4.6%
Last week, the Association of American Publishers released its final sales estimates for 2014, putting a wrap on industry data for the year.
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