As was the case all year, the small trade division was the big bright spot for the company: Fourth quarter trade sales of $55 million were up $5 million. For the full year, trade sales of $184.5 million were up $19 million from a year ago, and adjusted EBITDA of $16 million was up considerably compared to $9.8 million a year ago. The group had positive net income of $1.96 million, after running a net loss of $(6.9) million a year ago.
The company attributed the sales gains to "the Whole30 series and Tim Ferriss' Tribe of Mentors and Tools of Titans, stronger eBook sales, such as The Handmaid's Tale and 1984, and backlist print title sales, such as The Polar Express and The Giver, along with favorable product return experience and higher subrights income."
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The Los Angeles Times will honor novelist John Rechy with their lifetime achievement award a writer whose work focuses on the American West. Founder of Well-Read Black Girl Glory Edim will receive their innovator's award and Benjamin Taylor will receive their prize for autobiographical prose for The Hue and Cry at Our House.