TODAY'S NEWS

The Secret's Out, Results Drop at S&S
by Jim Milliot
While Simon & Schuster was able to make up some of the $53 million in The Secret products it shipped last year, it was not enough to prevent sales in the first quarter from falling 12% and profits 32%. CEO Carolyn Reidy was confident the second half of the year will show improvement, led by what she called an election-changing title from Bob Woodward. Read on »

Results Off At McGraw-Hill Ed, Steps Up Tech Investment
by Jim Milliot
Revenue at McGraw-Hill Education slipped 0.5%, to $330.2 million, in the first quarter, although the operating loss was reduced by a similar percentage, to $90.3 million. Sales in the school education group fell 4.8%, to $138.8 million, while sales in the higher education/professional/international segment rose 2.9%, to $191.4 million. Read on »

Vanguard Nabs New Bloomberg Book
By Rachel Deahl
Philanthropist, billionaire business magnate and current New York City mayor Michael Bloomberg has signed with Perseus' Vanguard Press to do a book on management principles. Vanguard acquired world rights to Do The Hard Things First (And Other Bloomberg Rules for Business and Politics) from agent Arthur Klebanoff; the book is slated for a September 2008 release. Read on »

Publishers Fight Oregon Censorship Statute
By Lynn Andriani
The Association of American Publishers is fighting censorship in Oregon. Yesterday it joined with six Oregon booksellers and the ACLU of Oregon to challenge a new Oregon law that criminalizes the dissemination of sexually explicit material to anyone under age 13, or the dissemination to anyone under age 18 of any material with the intent to sexually arouse the recipient or the provider. The new statute, which makes no provision for judging the material as a whole, nor for considering its serious literary, artistic or scientific value, went into effect January 1. Read on »

On Sale Next Week: Rick Riordan
Charlotte Abbott
Rick Riordan’s fourth installment in the Percy Jackson series arrives with a one million printing, announced at this year’s Bologna Fair. The series will end with a fifth book next year, before Riordan begins a new fantasy series. Read on »

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AUTHORS ON THE AIR

Authors on the Air: Otto Penzler; Arianna Huffington; Newt Gingrich
Among the authors on today’s Leonard Lopate Show is veteran editor, publisher and bookseller Otto Penzler, who edited The Black Lizard Big Book of Pulps: The Best Crime Stories from the Pulps During Their Golden Age--The '20s, '30s & '40s (Vintage, $25). Read on »

PICTURE OF THE DAY

Paul Hits Borders
Yesterday Grand Central associate editor Ben Greenberg (l.) stopped by a signing for his author, politician Ron Paul. The event, at the Wall Street Borders, was celebrating the release of Paul’s new book The Revolution: A Manifesto. Over 850 people showed up at the event. Submit your pictures here »

JOB OF THE DAY

PW VIRTUAL EDITION

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