and more.
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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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HBG Has 'Sparkling' Third Quarter
Sales at the Hachette Book Group rose 5.1% in the third quarter of 2018 over the same period a year ago, led by backlist sales and a number of good frontlist performances, including Sally Field’s 'In Pieces.'
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HC Profits Soared 42% in Q1 of Fiscal 2019
Strong backlist sales, in addition to a 55% jump in sales of digital audiobooks, led to a 42% increase in earnings at HarperCollins in the quarter ended September 30, 2018, over the comparable period a year ago.
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Licensing Deal Boosts Q3 Results at HMH Trade Group
Boosted by a new licensing agreement for '1984' and 'Animal Farm,' sales and earnings at Houghton Mifflin Harcourt’s trade division both soared in the third quarter ended September 30, 2018, over the comparable period a year ago.
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Indigo Q2 Sales Slip, Loss Increases
Indigo CEO Heather Reisman attributed the sales decline and higher loss in the quarter to the chain's continued investment in renovating its stores.
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Industry Stocks: October 2018 Performances
Stock prices at only two of the 11 companies on the Publishers Weekly Stock Index rose in October, Barnes & Noble and Educational Development Corp.
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S&S Q3 Earnings Rise on Sales Gain
After completing another solid quarter, Simon & Schuster CEO Carolyn Reidy said that while business was soft in October because of distractions caused by the upcoming election, she believes sales will rebound after the midterm elections on November 6.
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Trade Sales Shine Bright Through September
The trade and religion segments continued to be the industry’s bright spots through September, according to figures released by the AAP through its StatShot program.
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Amazon Profits Soar Again, Despite Disappointing Sales
Although sales rose 29% in the third quarter (ended September 30) over the comparable period a year ago, investors had expected more rapid growth. Still, profits jumped to $2.9 billion, up from earnings of $256 million a year ago.
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