and more.
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The Weekly Scorecard: December 2019
Print Units Slipped 1.3% in Early December
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Q2 Sales, Earnings Up at Wiley
Helped by acquisitions, revenue at John Wiley rose 4% in the second quarter of fiscal 2020 and net income increased 2.1%. The company's academic and professional learning division was a soft spot, with revenue falling 6%.
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Trade Segments Up Through September
Through the first nine months of 2019, sales of adult trade books were up 1.1% over the comparable period in 2018 for the publishers who report sales to AAP’s BookStat program. Sales in the children/young adult segment rose 8.0% in the same period.
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Sales Up 15% in Salem's Publishing Group in Q3
Led by a solid quarter by Regnery, sales in Salem Media Group's publishing division rose 15.8% in the third quarter of 2019 over the comparable period last year.
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S&S Squeezes Out a Q3 Profit Despite Sales Decline
Profits rose by $1 million at Simon & Schuster in the third quarter of 2019 over the comparable period in 2018, despite a 9% drop in sales. In last year's third quarter, Bob Woodward's 'Fear' drove strong sales for the publisher.
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Earnings, Sales, Drop in Q1 at HarperCollins
Profits dropped 28% at HarperCollins in the first quarter of fiscal 2020 compared to the first period of fiscal 2019, while revenue declined 3%. Parent company New Corp expects HC's financial performance to improve starting in January, the second half of the fiscal year.
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Q3 Revenues Fell at LSC Communications
The printing giant posted a sales decline of 17.9% in the third quarter, although excluding one-time items, "organic sales" were down 9.3%. The company also lowered its forecast for sales and earnings for the full year.
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Sales Flat at HBG in Q3, But Expects Good Finish for 2019
Revenue at Hachette Book Group fell marginally in the third quarter ended September 30, 2019, dipping just 0.3%, parent company Lagardère reported. One reason for the small decline was slowing sales of the longtime backlist bestseller 'You Are a Badass.'
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HMH Books & Media Has Down Q3
The absence of licensing income earned in last year’s third quarter led to a 27.9% decline in sales at the Houghton Mifflin Harcourt Books & Media group for the period ended September 30, 2019, compared to last year’s third quarter.
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Children/YA Bright Spot In Soft August
The children/young adult category was one of only two categories that posted a sales increase this August over August 2018, according to AAP’s StatShot program.
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