  
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 News Corp expects HC's financial performance to
improve starting in January, the second half of the fiscal year. more
The Department of Justice has cautioned Hachette Book Group that
its planned publication of 'A Warning' by an anonymous Trump administration
official may violate a non-disclosure agreement. more
Penguin Young Readers is acquiring Eric Carle LLC, the asset
holder of the IP rights for beloved picture-book creator Eric Carle, whose
books have sold more than 145 million copies worldwide. The deal includes the
global publishing rights to Carle’s more than 70 children’s books. more
Penguin Random House will add a third distribution and
fulfillment center to its network after entering into an agreement to take
over the Reno, Nev., facility currently occupied by Baker & Taylor. more
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The Northern California Independent Booksellers Association
voted to add four Southern California bookselling professionals to the
organization’s board, the first step in unifying California booksellers as a
single organization. more
In an effort to attract more educators and boost school
participation in Children's Book Week, the Children's Book Council and Every
Child a Reader have developed a new initiative designed to reach teachers,
school librarians, and students. From November 4–10, the Fall Book Week will
help extend the centennial celebration that kicked off this past spring. more
In an open letter to librarians published last week, Sargent
struck a somewhat conciliatory note over the issue of embargoing e-books to
libraries, but his message remains unchanged: library lending of e-books pose
a problem. more
Fires at opposite ends of California's coastal region, amplified
by power outages, have closed a number of indie bookstores and displaced
their employees, especially those in the San Francisco Bay Area and north. more
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Led by a strong performance in its trade division, revenue at
Scholastic rose 7% in the first quarter ended August 31, 2019, over the
comparable period in fiscal 2019. The net loss was cut to $58.5 million, from
$61.3 million in last year’s first quarter. more
After a short stint, Ben Schrank has been replaced by Amy
Einhorn as president and publisher of Henry Holt. Einhorn was previously
executive v-p and publisher of Macmillan’s Flatiron Books division. more
Natalie Beach, who came out as the ghost writer for Caroline
Calloway, the Instagram-influencer-turned-failed-memoirist, in an article on
the 'Cut,' is now being represented by CAA. And her 'Cut' piece, which went
viral last week, is, according to insiders, the hot commodity in Hollywood
right now. more
Jennifer Baker, production editor at Teachers College Press in
New York, was named PW Star Watch Superstar at a party at Marquee New York in
Manhattan on September 18. more
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Copyright 2019, PWxyz LLC
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The book industry earned a partial victory in its effort to
exclude books from the Trump administration’s plan to impose tariffs on up to
$300 billion worth of goods imported from China. more
For the second time in just over a year, a group of textbook
authors has filed a class action suit against Cengage, alleging that the
company’s recent digital pivot violates their author agreements. more
The Quarto Group accomplished its three major goals during the
first six months of 2019: company revenue was stabilized, operating losses were
cut, and debt was reduced to $65 million from $73.2 million in the first half
of 2018. more
Bookstore sales finished a soft first half of the year, with sales
falling 5.1% compared to the same period in 2018. June sales were off 4.9%. more
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