and more.
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Pearson Earned £65 Million In Profits from Its PRH Stake in 2019
Pearson’s 25% stake in Penguin Random House earned the company £65 million in operating profit in 2019. Pearson has sold its 25% share of PRH to Bertelsmann in a deal expected to generated net proceeds of $675 million when the transaction closes.
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Sales, Earnings Down in 2019 at S&S
A tough fourth quarter where earnings were hurt by, among other factors, the tariffs on books manufactured in China contributed to a 7% drop in profits in 2019 at Simon & Schuster. Revenue in the year fell 1%.
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Unit Sales Down 3.2% in Early February
Unit sales of print books fell 3.2% in the week ended Feb. 8, 2020, compared to the similar week in 2019, at outlets that report to NPD BookScan.
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Print Unit Sales Head into February on a High Note
Book sales finished January strong, with print units up 5.6% in the week ended Feb. 2, 2020, over the comparable week in 2019, at outlets that report to NPD BookScan.
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AAP Monthly StatShot: November
Sales of adult books from publishers reporting to AAP’s BookStats program fell 27% in November 2019 compared to the year before, and dropped 23.8% in the children’s/YA segment.
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Sales, Earnings Fall by Double Digits at HC in Q2
Revenue dropped 11% in the second quarter of fiscal 2020 at HarperCollins compared to one year ago and earnings fell 28%, parent company News Corp reported.
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Trade Publishing Had Poor November
The adult and children/young adult segments had large sales declines in November 2019 compared to the year before. Despite the bad November, sales of children/YA titles were up 5.2% in the first 11 months of 2019, although sales of adult books were down 3.3%.
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Print Unit Sales Post Big End of January Gain
The week ended Jan. 25, 2020, was a good one for selling books, with print unit sales rising 8% over the week ended Jan. 26, 2019, at outlets that report to NPD BookScan.
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The Weekly Scorecard: Mid-January 2020
Print Unit Sales Up 3% in Mid-January
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The Weekly Scorecard: January 2020
Print Unit Sales Up 2.5% in First Full Week of January
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