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E-books and other forms of digital content are transforming all aspects of the book publishing industry. While the transition from print to digital is not moving at the same pace for all segments, within five years it is generally believed that e-book sales will account for about half of trade revenues. With that in mind, PW asked nine executives to tell us how their company is preparing for that eventuality and what impact it will have on their businesses. more...
Bookselling
Indigo, Canada's largest book retailer, reported Q3 revenues that were up slightly, but profits were down from the previous year.
Publisher News
On February 9 two titles were in the top 10 on both lists: Kill Shot by Vince Flynn (#5 hardcover; #4 Kindle) and Once Upon a Secret: My Affair with President John F. Kennedy and Its Aftermath by Mimi Alford (#8 on both lists).
People
Desserted: Recipes and Tales from an Island Chocolatier (Down East Books, 978-0892729913) author Kate Shaffer will be the guest on MPBN’s new call-in radio show “Maine Calling” from 12:15-1pm, with host Keith Shortall. Listen live or hear the archive at Maine Calling.
Financial Reporting
Bertelsmann said sales rose slightly in the year, to €15.3 billion (previous year: €15.1 billion), but operating EBIT fell to €1.7 billion from €1.8 billion. The company reported“rapidly growing” e-book sales at Random House.
Financial Reporting
HarperCollins UK and Zondervan had a good second quarter ended December 31, but Harper US and the rest of the international market faced difficult comparisons.
Publisher News
On February 7, the American Book Producers sponsored a session on “The Business of E-readers” with Lisa Faith Phillips, director of digital strategy and development at Hachette Book Group.
Financial Reporting
Licensing and publishing revenue in Walt Disney Corp.’s first quarter ended December 31 rose 2% to $527 million.
Marketing
Bridget Marmion, who has had long tenures in sales and marketing at FSG, Random House and Houghton Mifflin Harcourt, has started her own firm, Your Expert Nation.
Marketing
In a deal with Viacom, Amazon Prime members will be able to stream TV shows from MTV, Comedy Central, Nickelodeon, TV Land, Spike, VH1, BET, CMT and Logo.
Bookselling
The Booksmith, a literary fixture of Seneca, S.C., has just been put up for sale by co-owners Alan and Patricia Lightweis, who plan to retire after more than two decades behind the counter.