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PRH Had Solid 2018, Pearson Said
Pearson, which owns a 25% stake in Penguin Random House, said the global trade publisher had a solid 2018 led by increased audiobook sales and stable print sales.
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LSC Has Gain in Book Group
Sales in LSC Communications' book division rose 3.2% in 2018 over 2017, to $1.06 billion.
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Earnings Dropped at Quad in 2018 Despite Small Sales Gain
A week after it changed its name to Quad from Quad/Graphics, the company reported that 2018 sales increased 1.5% over 2017. Net earnings, however, tumbled to $7.9 million.
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S&S 2018 Profits Up, Despite Small Sales Decline
A 7% decline in fourth quarter revenue led to a 0.6% drop in sales for the full year at Simon & Schuster. The publisher still posted a 6% increase in operating profits over 2017.
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Trade Segment Was Industry Bright Spot in 2018
Gains in the trade and religion segments were offset by declines in the other publishing categories, leading to a small (0.4%) decline in industry sales in 2018, according to the Association of American Publishers’ StatShot program.
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HC Sales, Earnings Up in Q2
Strong sales of digital audio were a key contributor to a 13% increase in profits at HarperCollins in the second quarter ended December 31, 2018. In discussing second quarter results, Robert Thomson, CEO of HC parent company News Corp, criticized Audible's domination of the downloadable audio market.
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2018 Sales Fell 1.6% at Lagardère
Within the U.S., HBG CEO Michael Pietsch credited a 6.3% growth in the fourth quarter with helping the company to "another solid year of revenue growth."
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Amazon's 2018 Sales Topped $232 Billion
The giant company's sales increased 31% in 2018 over 2017, and its operating income tripled to $12.4 billion. Among the many reasons cited for the big 2018 financial gains was the performance of Amazon’s third-party sellers.
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Industry Sales Flat Through November
According to the Association of American Publishers’ StatShot program, sales from 1,374 reporting publishers were up 0.3% through November over the comparable period in 2017.
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New Guild Report Finds More Declines in Author Earnings
An Authors Guild survey of more than 5,000 authors found they had a median income $6,080 in 2017. Excluding income from book-related activities such as speaking engagements, earnings from just books was $3,100.
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Industry Stocks Took a Big Hit in 2018
Last year was a bad one for stocks...and it was particularly tough for the 11 companies that make up the Publishers Weekly Stock Index.
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Print Unit Sales Increased 1.3% in 2018
Unit sales of print books rose 1.3% in 2018 over 2017 at outlets that report to NPD BookScan. According to BookScan, units topped 695 million in the 52-week period ended December 29.
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Scholastic Trade Sales Rose 16% in Q2
Revenue in Scholastic's trade division increased 16% in the second quarter ended November 30, 2018, over the comparable period a year ago. For the entire company, revenue in the quarter rose 1% over last fiscal year’s second quarter and net income jumped 25.4%.
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Donadio & Olson Files for Bankruptcy
After the theft of $3.4 million by its former bookkeeper, the agency has shuttered and started liquidation proceedings. In a letter, agency principal Neil Olson apologized to his clients and said he had "simply run out of time and resources.”
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Adult Book Sales Flat in October; Kids' Down 6.8%
Sales of adult books were flat in October compared to October 2017, according to figures released by the AAP as part of its StatShot program. Sales in the children/young adult segment fell 6.8% in the month compared to 2017.
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Wiley Q2 Sales and Earning Fall
Revenue at John Wiley & Sons fell 1% in the second quarter ended October 31, compared to the same period a year ago.
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Q2 Sales Dropped 8.1% at Barnes & Noble Education
Despite declines in total sales and operating income, net income rose due to lower taxes, and B&NE CEO Michael Huseby said the company remains focused "on investing in digital growth platforms and offerings for the future."
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B&N Cuts Q2 Losses as Comp Sales Improve
Barnes & Noble cut its operating loss in the second quarter ended October 27, 2018, to $26.8 million, down from $52.2 million a year ago.
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Regnery Revenue Up in Q3
Revenue at Regnery Publishing rose in the third quarter of 2018, which ended September 30, parent company Salem Media reported. The gain at Regnery, however, was offset by a 10.4% decline in sales in Salem's self-publishing division.
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A Very Profitable Quarter for Four Big Publishers
Solid backlist and digital audio sales contributed to third-quarter gains at HarperCollins, Hachette Book Group, Simon & Schuster, and Houghton Mifflin Harcourt.
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