and more.
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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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