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  • Quarto to Close Minneapolis Office

    Quarto Group said that as part of a companywide cost cutting program, it is shutting its Minneapolis office and closing its Voyageur Press imprint. The Cool Springs and Motorbooks imprints are continuing.

  • Industry Sales Dipped 1.4% in First Half of 2018

    The 2018 sales decline was mainly due to a 13.6% drop in sales in the K-12 instructional materials segment. The two main consumer categories had gains with adult book sales up 4.2% and children’s/young adult sales inching up 0.3% over the first half of 2017.

  • Earnings Rose 23% at Wiley in Q1

    Operating income rose 23.5% at John Wiley for the quarter ended July 31, over the comparable period a year ago.

  • A Mixed Six Months for Large Trade Houses

    The first six months of 2018 proved to be a mixed period for the five large trade publishers that report their financial results.

  • Sales, Earnings Drop in First Half of 2018 at PRH

    Revenue fell 3.3% in the first half of 2018 compared to a year ago at Penguin Random House, and earnings dropped 17%. The decline was attributed mainly to the negative impact of foreign exchange rates.

  • B&N Education Sales Fall 5% in Q1, Loss Up Slightly

    Barnes & Noble Education reported that revenue in the first quarter, ended July 28, fell to $337.5 million, down from $355.7 million a year ago.

  • HC Posts Big Earnings Gain in Fiscal 2018

    Capped by a blowout fourth quarter, HarperCollins reported that earnings for the fiscal year ended June 30, 2018 rose 23% over fiscal 2017, to $244 million. The earnings jump came on a 7% revenue rise, to $1.76 billion.

  • Regnery Has Big Q2

    Second quarter sales at Regnery rose 16.7% over 2017, but softness in Salem Media's self-publishing unit led to a 9% decline in total revenue at Salem's publishing division in the second period.

  • S&S Posts Gains in Sales, Profits in Q2

    Second quarter sales rose by $1 million at Simon & Schuster, and earnings increased by $2 million. Parent company CBS did not address sexual harassment charges against CEO Les Moonves in the conference call discussing results.

  • HMH Trade Sales Down 15% in Q2

    With sales of backlist and frontlist titles down, as well as a drop in e-book sales, revenue in HMH's trade division fell 15% In the second quarter ended June 30.

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