Today's Meal
Harper Regains Some Ground In Second Quarter- reported results for their fiscal second
quarter ending December 31 on Thursday after the close of the market. They
cited "meaningful revenues at HarperCollins" as the publisher's sales
rebounded to $466 million (up $20 million from a year ago) and EBITDA of $75
million (up from $57 million a year ago). Those improvements put Harper close
to a more typical holiday quarter; in 2015 the holiday quarter was a weak one
for them, but two years ago they had a more normal Q2 performance, with sales
of $469 million and EBITDA of $77 million. Profits were helped by both sales
rebound as well as sales of "higher-margin backlist titles."
Digital sales actually increased 3 percent compared to the prior year -- "driven principally by audio books" -- and comprised 16 percent of consumer sales. Acquisitions added $7 million during the quarter; foreign exchange cost them $13 million. With Harper taking full ownership of their Brazilian line at the beginning of 2017, Thomson emphasized that "what we're very confident about is the broader strategy Brian Murray and the team have developed for the internationalization of HarperCollins."
For more on Harper's second quarter results, visit PublishersMarketplace.com.
Digital sales actually increased 3 percent compared to the prior year -- "driven principally by audio books" -- and comprised 16 percent of consumer sales. Acquisitions added $7 million during the quarter; foreign exchange cost them $13 million. With Harper taking full ownership of their Brazilian line at the beginning of 2017, Thomson emphasized that "what we're very confident about is the broader strategy Brian Murray and the team have developed for the internationalization of HarperCollins."
For more on Harper's second quarter results, visit PublishersMarketplace.com.
At Picador USA, executive director of publicity James Meader will give up his additional role as publicist-at-large at Holt to focus exclusively on Picador. In addition, Molly Fessenden has been promoted to marketing associate.
Molly Jaffa, currently
Amy Nathanson Heaslip has joined the Highlights for Children retail group as managing editor. Most recently, Heaslip was executive editor at Studio Fun International.
Former vice president Joe Biden and his wife Jill Biden have signed with CAA for representation "across all areas, helping to build upon their lifetime of work improving the lives of Americans and countless others around the world."
Events
Book Expo has announced the line-up for the June 2 children's author breakfast. Today show personality Savannah Guthrie, co-author of the picture Princesses Wear Pants (Abrams Children's) will host the event, and one more speaker will be named later.
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