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Trade Book Exports Rose 7% in 2011, AAP Says
Exports of trade books rose 7.2% in 2011 to $357.4 million, a new report from the AAP’s BookStats statistical report shows. The sales increase came despite only a 0.9% increase in units. Exports of e-books had the largest increase, 332%, but at $21.5 million, represent only a small portion of the overall export market. Print exports rose 2.3%.
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Large B&N Shareholder to Distribute Shares
In a filing with the U.S. Securities and Exchange Commission made public Thursday, Yucaipa Cos. disclosed that two of the funds under its control would distribute shares of the stock they own in Barnes & Noble.
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March Bookstore Sales Down
Bookstore sales fell 3.7% in March, to $922 million, according to preliminary estimates released Tuesday morning by the Census Bureau. For the first quarter of 2012, bookstore sales fell 2.3%, to $3.94 billion. Store sales fell in every month of the quarter.
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AAP Monthly StatShot, February 2012
The children’s/YA segment was the star in February as sales in the category rose 73.0%, according to the AAP Monthly StatShot, which tabulates results from 1,191 total publishers. Sales were up significantly in hardcover and paperback while e-book sales jumped 177.8%, accounting for about 16% of children’s/YA sales at reporting publishers.
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HMH Restructuring Debt, Will File Prepackaged Bankruptcy
Houghton Mifflin Harcourt, still struggling with a heavy debt burden despite an earlier capital restructuring, is once again looking to rework its debt. As part of the financial restructuring, HMH will file for prepackaged Chapter 11 bankruptcy within 10 days. It hopes to be out of bankruptcy by the end of June.
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Hachette Book Group Sales Up in Quarter
Total sales at Lagardere Publishing rose slightly in the first quarter, up to 394 million euros from 390 million euros.
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Harper Says Results Up in Quarter
HarperCollins appears to have had a good third quarter for the period ended March 31, noting improved contributions from HC, Dow Jones and integrated marketing services.
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Soft Start for Harlequin
Gains in e-book sales were not enough to offset declines in print in the first quarter at Harlequin, parent company Torstar reported Wednesday morning.
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Market Watch: Industry Stocks: April 2012 Performances
Although the stock prices rose at only five companies and fell at nine in April, the Publishers Weekly Stock Index rose 5.0% in the month driven by gains of the country’s two largest booksellers, which posted gains for different reasons. Barnes & Noble’s shares jumped 56.6% in the month following news of its partnership with and investment from Microsoft.
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AAP StatShot Report On February 2012 Sales
Print sales for February continue to hold up with AAP’s Monthly StatShot reporting total adult sales up 6.9% over the same period February 2011 on sales of $437 million. Total Children/YA sales, however, were especially strong showing sales up 73% on sales of $170.9 million.
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More Questions on BAM Bid
More law firms have issued press releases announcing that they are investigating whether the Anderson family's $3.05 per share offer for Books-A-Million is a breach of fiduciary duty.
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Simon & Schuster Has Fast Start to 2012
Digital content sales rose 64% in the first quarter ended March 31 at Simon & Schuster, helping to lift total revenue 14%, to $176 million. Operating income before depreciation and amortization (and before impairment charges) rose 43%, to $10 million.
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Books-A-Million By the Numbers: April 2012
The recent story of the Books-A-Million bookselling chain in terms of sales and other figures.
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Mixed Start for McGraw-Hill Education
Revenue at McGraw-Hill Education declined 2%, to $296 million, in the first quarter ended March 31, but the operating loss was cut to $65 million from $75 million in last year’s first period, parent company McGraw-Hill Cos. reported this morning.
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Hedge Fund Takes 11% Stake in B&N
Jana Partners, described in various media reports as a hedge fund known for taking an activist role in companies in which it invests, acquired 6.59 million shares of Barnes & Noble, giving the firm an 11.6% stake in the company.
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Good and Bad News in Courier Second Quarter
Courier Corp. reported net income of $440,000 for the second quarter ended March 24 with sales virtually flat at $62.4 million. In last year’s second quarter a multimillion restructuring charge tied to the closing of its Stoughton, Mass. plant led to a loss of $4.8 million.
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AAP Monthly Statshot, January 2012
Print trade sales held up surprisingly well in January, according to AAP’s monthly sales report (now called Monthly StatShot), with all but the mass market paperback category reporting gains in the month from reporting companies helped by lower returns.
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