Didn't We Read This Story Just a Few Months Ago?
Yesterday it was announced that Moody’s has downgraded Houghton Mifflin Harcourt’s rating, which sounds sort of familiar . . . probably because they did the same thing last December. This isn’t good news for the Education Media & Publishing Group—which is incorporated in the Cayman Islands and ...
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Sales Up in Europe?
After a dip in the fall, the number of books sold in France rose 2 percent in December from a year earlier and 2.4 percent in January, according to Livres Hebdo, a trade publication. The trend has been similar in Germany, where the number of books sold rose 2.3 percent in January, according to the Börsenverein des ...
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Fair and Balanced
In contrast to the news from the NEA about adult reading, here’s some more sobering info from Publishers Weekly: November bookstore sales were as bad as people thought they were. Preliminary figures from the U.S. Census Bureau show that sales dropped 13% in the month, falling to $1.05 billion. Sales for all of ...
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When a Publisher Talks about Sales . . .
Related to my comment yesterday that publishers love to exaggerate sales figures, comes this little nugget about Booker Prize winner Anne Enright: The latest British figures from Nielsen BookScan show that, since it was published in May, only 3,306 copies have been sold in hardback, with a further 381 in paperback. ...
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