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Monti Joins Little, Brown Books for Young Readers
Joseph Monti has been named director of paperbacks at Little, Brown Books for Young Readers.
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Borders Names Paperchase President
Veteran retailer Dick Lynch has been named president of Paperchase U.S., the stationery arm of Borders, which the company hopes to expand in this country.
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Amazon's Kindle: Very Cool, Really Easy
The Kindle has three surefire selling points—title selection, pricing and Amazon's nifty Whispernet wireless network—that give it an advantage over devices like the Sony Reader and the iLiad.
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'The Future of Publishing?'
They began, like many a small press, with a single title—in this case a collection of 19 stories by a little-known American living in China, Roy Kesey. The print run was small (2,500) and the house had no distributor and did its own fulfillment. The two founders, Steve Gillis and Dan Wickett, had proudly if awkwardly named the house by combining the first initials of the five children the...
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Chain Sales Rise 5.6% to $2 Billion
Total revenue from the nation's three major bookstore chains rose 5.6% in the third quarter ended October 31, reaching just under $2.1 billion. Similar to its larger competitors, Books-A-Million reported last week that gains were led by increases in sales of bestsellers. Among the titles leading sales at BAM were Alan Greenspan's Age of Turbulence, Clarence Thomas's My Grandfather's Son and the...
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Ditlow to Leave Random House
Tim Ditlow, who was appointed v-p, publisher at large for the Random House Audio Group in May, is leaving the company.
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Harcourt Sale to HM Riverdeep Cleared
The Justice Department has approved the sale of Harcourt's U.S. education businesses to HM Riverdeep, clearing the way for the $4 billion deal to close within a matter of weeks.
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Wiley Announces New Investing Imprint
John Wiley has launched of a new imprint, Fisher Investments Press, which will drawn on the expertise of the independent money management firm Fisher Investments and its founder and CEO, Ken Fisher.
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B&N, Borders Expect Green Christmas
Stronger than expected third-quarter results at the nation's two major bookstore chains led execs at those retailers to predict that their companies will be able to overcome a generally soft retail environment and post solid gains over the holiday season. Barnes & Noble said it expects comp-store sales to increase in the low single digits in the fourth quarter; Borders did not put a number ...
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Balliett Makes First Buys at Hyperion
Will Balliett, who moved to Hyperion as editorial director in August from Perseus, has made his first two acquisitions for the imprint. The first is Donny Deutsch's Big Idea: 100 Ways to Make Your Entrepreneurial Dreams Come True, from the Aha! Moment to Your First Million; Wayne Kabak at William Morris sold world rights.
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Higher Customer Traffic Boosts Borders
Higher customer traffic helped lift comp store sales by 1.1% in Borders third quarter, leading to a 5.3% increase in total revenue. Book comps at its superstores rose 3.1%.
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B&N Has Solid Third Quarter, Optimisic About Fourth
With comp store sales up 2.6%, total revenue rose 5.7% at Barnes & Noble in the third quarter ended November 3, hitting $1.17 billion.
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Amazon.com Unveils New e-Book Reader
Amazon’s new e-book reader Kindle is priced at $399 and offers wireless access to more than 90,000 downloadable titles at a uniform price of $9.99 for new releases..
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B&N Touts Benefit Of Mature Market
Bookselling is a mature industry without a major upside, but is unlikely to experience a severe decline, Barnes & Noble CFO Joseph Lombardi told analysts at a Morgan Stanley retailer conference last week. He estimated that B&N holds an 18% market share, which has held relatively stable in recent years in what Lombardi called a still highly fragmented market.
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Wholesalers' Holiday Hours
This year, Black Friday—the traditional beginning of the holiday season—falls on November 23, so customers will be able to enjoy five weekends of shopping before Christmas. While it's always smart to know where you can get books fast, during the holiday season it's even more frenzied. It pays to know alternative wholesalers and distributors to get those books fast.
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Harcourt Sale Moving Forward
Reed said it still expects the sale of Harcourt Education to Houghton Mifflin to be completed by late 2007 or early 2008.
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HarperCollins Has ‘Lousy Quarter’
Terrible results in the U.K. and declines in the U.S. children's group were the main factors behind an 11.5% decline in first quarter sales at HarperCollins. Profits at the publisher tumbled nearly 53%. CEO Jane Friedman acknowledged it was a "lousy quarter," but said things have improved early in the second period.
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Wiley, Near-Time Build Book-Based Websites
John Wiley has entered a partnership with Near-Time, a small North Carolina technology developer, to use its wiki-based software to easily turn technical books into revenue producing, interactive online publishing platforms.
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Houghton Hits Cell Phones
Houghton Mifflin has signed with Mobifusion to deliver electronic versions of its books to cell phones. Joining the ranks of publishers like Avalon and Simon & Schuster—which already work with the tech company—Houghton will focus on generating mobile-friendly versions of its titles, focusing on its reference and children’s books.
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Christian Indies Banding Together to Survive
With Christian books now sold in all kinds of general retail outlets, the past several years have been tough on independent Christian retailers. Hundreds of stores have sold out to one of the growing Christian chains. Outgoing CBA chairman Chris Childers sold his family’s Macon Christian Bookstore in Macon, Ga.
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