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HarperCollins By The Numbers: December 2012
The recent story of HarperCollins in terms of sales and other figures.
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HarperCollins Results Fell in Fiscal 2012
As it prepares to spin off its publishing, education and Australian broadcasting and cable assets into a separate company, News Corp. filed a proxy statement with the SEC Friday morning that showed HarperCollins with revenue of $1.19 billion in the fiscal year ended June 30, 2012, and earnings before interest, taxes, depreciation and amortization of $86 million. Sales were off 1% compared to fiscal 2011, while EBITDA was down 8% from $93 million.
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Earnings Fell 24% at Scholastic on 10% Sales Drop
As it warned in November, sales and earnings fell at Scholastic for the second quarter ended November 30, with revenue down 10%, to $616.2 million, and net income off 24%, to $61.8 million. Sales were down in all of the publisher’s operating groups.
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Vantage Press Closes
Vantage Press, one of the original ‘vanity’ publishing businesses, has closed three years after its acquisition by media investment banker David Lamb. In a letter to creditors received by PW, law firm Hendel & Collins of Springfield, Mass. writes, “Vantage does not have sufficient revenue to sustain itself as a going concern. It has, therefore, ceased all business operations.”
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Wiley Exchanges Trade For Development
The second quarter of fiscal 2013 proved to be a watershed period for what had been known as the professional/trade group at John Wiley & Sons.
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AAP Monthly StatShot, August
After steading falling for months, net sales of mass market paperbacks rose 17.2% in August due to a 31.6% decline in returns, according to AAP's Monthly StatShot.
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Industry Stocks: November Performances
Although winners outnumbered losers by a nine-to-five count, the Publishers Weekly Stock Index rose 2.2% in November thanks mainly to an impressive rally by Amazon.
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Wiley Has Weak Second Quarter; Restructuring Planned
Soft higher education markets, tight library budgets, and sluggish global retail channels, resulted in a disappointing second quarter at John Wiley.
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August Adult Trade Sales Rose 11%
Sales in the adult trade segment rose 11.0% in August, according to the newest figures released in AAP’s monthly StatShot program.
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News Corp. Talking to CBS About S&S
Flush with cash and in an apparent buying mood ahead of splitting the company in two, News Corp is in preliminary talks with CBS about buying its Simon & Schuster subsidiary, according to the News Corp-owned Wall Street Journal.
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Scholastic Slashes Earnings Estimate
Scholastic significantly cut its earnings estimate for the fiscal year ending next May. While the projection for revenue has been cut to $1.8 billion to $1.9 billion from early projections of $1.9 billion to $2.0 billion, the earnings per share estimate was slashed to a range of $1.40 to $1.60 per diluted share from $2.20 to $2.40 per diluted share.
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Reader's Digest Has Weak Third Quarter
Reader’s Digest had another disappointing quarter with sales down 26% in the third period ended September 30, to $230.1 million, while posting an operating loss of $100.1 million, a figure that includes an impairment charge of $85 million.
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Courier Corp. Had Modest 2012 Gains
A slight increase in sales in its manufacturing segment offset a decline in its publishing group resulting in total revenue for the fiscal year ended September 29 inching up to $261.3 million from $259.4 million in fiscal 2011 at Courier Corp. Net income jumped to $9.2 million from $134,000. Earnings in both years were impacted by one-time charges.
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Third Quarter Sales Up at Lagardere
Sales at Lagardere Publishing rose 4% in the third quarter ended September 30, to 626 million euros due in part to favorable currency fluctuations and a strong performance in the literature category led by the release of J.K. Rowling’s The Casual Vacancy.
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AAP Monthly StatShot, July 2012
Trade paperbacks and e-books, benefiting from the success of the Fifty Shades trilogy, were the big winners in July, according to AAP’s Monthly StatShot.
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Third Quarter Sales Down 5% at Simon & Schuster But Earnings Rise
Sales for the third quarter ended September 30 fell 5% at Simon & Schuster, to $210 million, but operating income before depreciation and amortization rose to $39 million from $38 million in the 2011 comparable quarter, parent company CBS reported.
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Thomas Nelson Boosts HarperCollins
HarperCollins said it had a “solid” first quarter boosted by the July purchase of Thomas Nelson which led to a “significant increase” in revenue. Worldwide e-book sales (excluding Nelson) for the first quarter represented 16% of total sales.
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Market Watch: Industry Stocks: October 2012 Performances
The Publishers Weekly Stock Index was evenly divided in October with the stock prices of seven companies rising, while prices fell at an equal number
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Third Quarter Sales, Earnings Slip at Harlequin
Harlequin parent company Torstar reported last week that the sales at the publisher fell 6.8%, to C$107.8 million, while operating earnings declined to C$18.8 million from C$23.8 million in the third quarter ended September 30.
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As Results Drop, Decision Coming on McGraw-Hill Education Spin-off
Sales and profits fell in the third quarter ended September 30 at McGraw-Hill Education, and parent company McGraw-Hill Cos. said it expects to have a decision soon on whether to sell or spin off its publishing division. Total revenue fell 11%, to $836 million, while adjusted operating profit declined 15%, to $268 million.
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