and more.
-
Scholastic Sales Inched Up in Q2, Profits Rose 11%
Gains in the company’s children’s book publishing and distribution, as well as international groups, offset declines in its entertainment and educational solution units, while lower costs helped boost operating income to $82.9 million.
-
Publishing Sales Remained Solid in October
October sales rose 6.7% over a year ago at publishers that report to AAP’s StatShot program. The increase followed a 14% jump in September, likely reflecting Amazon’s return to more normal buying patterns after reducing orders over the summer.
-
Entangled Gets Investment from the Chernin Group
The private equity firm has invested in such media companies as Barstool Sports, Hello Sunshine, and Crunchyroll. Entangled Publishing cofounder and CEO Liz Pelletier will retain majority ownership and full creative control of the company.
-
Wiley’s Profits Up in Q2 Despite Declines in Learning Segment
Sales in the company’s learning group fell 11% in the second quarter largely due to lower orders from Amazon. A strong showing in Wiley’s research group, bolstered by more AI deals, helped increase profits in the quarter.
-
Publishing Sales Recovered in September
After sales slumped in July and August, business rebounded in September, according to the AAP’s StatShot report. Sales in the month were up 14.4% at 1,324 publishers, as increases in four major segments offset declines in three others.
-
B&NE Releases More Preliminary Financial Results
After completing an investigation into irregularities in its accounting of digital sales, Barnes & Noble Education reported preliminary results for the fiscal year ended May 3, 2025 that were largely in line with earlier estimates.
-
Bertelsmann Post Small Sales Gain Through September
Penguin Random House was one of four operating groups to contribute to a 0.8% increase in revenue at parent company Bertelsmann for the first nine months of 2025.
-
Webtoon Posts $11 Million Q3 Loss
Despite a 8.7% increase in sales, higher income tax expense and lower-than-projected revenue led to a $11 million net loss at the webcomics company, which also owns Wattpad.
-
HarperCollins Sees Soft Q1, Writes Off $13 Million from B&T Closure
The publisher’s sales slipped 2% in the quarter ended September 30, and earnings had a steep fall due in part to the write-off of $13 million owed to HarperCollins by the recently collapsed Baker & Taylor.
-
Publishing’s Summer Slump Continues
Total industry sales fell 4.4% in August. Adult nonfiction sales fell 17%, while children’s/YA nonfiction sales declined 16.2%. Fiction fared better, though adult fiction sales were still off 3.4% and children’s/YA sales down 8.2%.
Looking for more stories? Browse Archive
