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AAP, BISG End BookStats Agreement
BookStats, the statistics program formed out of agreement between the Association of American Publishers and the Book Industry Study Group, will not have a fifth year, at least not in its present form.
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Sales, Earnings Up in Fiscal '14 at Wiley
John Wiley & Sons reported that revenue for the fiscal year ended April 30, 2014 rose 1%, to $1.78 billion, and operating income increased 4% to $206.7 million.
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Sales Up at EDC, Earnings Fall
Revenues at Educational Development Corp. rose 2% in the fiscal year ended February 28, 2014, hitting $26.1 million, although accounting items dropped net earnings to $357,600 from $802,900 in fiscal 2013.
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Industry Stocks: May Performances
Both the Publishers Weekly Stock Index and the Dow Jones Industrial Average eked out lackluster gains of 0.8% in May.
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Source Interlink to Close
As reported by "Folio," the nation's number two magazine distributor is shutting down.
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Flat Quarter for Books-A-Million
Revenue at Books-A-Million inched up 0.2% in the first quarter ended May 3, 2014, to $103.8 million, compared to the year earlier period.
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Sales Rise, Earnings Dip at Bloomsbury
Revenue at U.K.-based Bloomsbury rose 11% in the fiscal year ended February 28, 2014, to £109.5 million, compared to the previous year. Operating profit dipped to £7.7 million from £7.8 million.
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First Quarter Sales Slipped at Lagardere
First quarter sales at Lagardère Publishing fell 6.2%, to 393 million euros compared to the first period ended March 31, 2013.
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AAP Monthly Statshot, January 2014
Led by a 65.1% increase in e-book sales, January sales jumped 43.7% in the children’s/young adult category compared to January 2013, according to figures in AAP’s StatShot program.
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For Publishers, A Quiet Start to 2014
In an unusual occurrence, last week five companies with significant trade publishing operations all reported results for the three months ended Mar. 31, 2104.
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HMH Trade Posts Small Loss in Quarter
Sales in Houghton Mifflin Harcourt’s trade publishing division fell 20% in the first quarter of 2014 compared to the first period of 2013.
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Profits Jump 83% at HarperCollins
EBITDA rose 83% at HarperCollins for the third quarter of fiscal 2014, which ended March 31.
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Sales Fall, Earnings Rise at S&S
First quarter sales in 2014 fell 11% at Simon & Schuster, to $153 million, but operating income rose to $11 million from $10 million in the first quarter of 2013, parent company CBS reported.
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Quarto Says it is 'On Track'
U.K.-based Quarto Group reported this morning that it is “on track” to reduce its debt for the year and to achieve organic growth.
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Charges Led to $3.4 Million Loss at Courier
Three one-time expenses contributed to a loss of $3.4 million at Courier Corp. in the second quarter ended March 29, 2014 compared to last year’s second period.
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First Quarter Results Down at Harlequin
First quarter at Harlequin declined 3.2%, to C$99.2 million, and operating profit fell 14%, to C$12.8 million.
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Industry Stocks: April Performances
The Publishers Weekly Stock Index fell 7.2% in April as share prices dropped for 11 of the 14 companies on the PWSI.
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Children/YA Segment Has Strong January
Led by a 65.1% increase in e-book sales, January sales jumped 43.7% in the children/young adult category in 2014 compared to January 2013, according to figures in AAP’s StatShot program.
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Amazon Net Income Up in Quarter
Net income at Amazon rose nearly 32% in the first quarter of 2014, to $108 million, compared to the same period in 2013 and revenue increased 23%, to $19.74 billion.
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Riggio Sells Chunk of B&N Shares
Barnes & Noble founder and chairman Len Riggio announced Thursday morning that he had sold 3.7 million shares of B&N stock.
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