Today's Meal
Houghton Mifflin Harcourt ended a
rough year with signs of improvement, as fourth quarter sales of $261 million
were up $19 million from a year ago, with positive EBITDA of $5 million,
compared to $(19) million a year ago.
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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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."
To read our much more extensive story, join now.
At Andrews McMeel, Patty
Rice has been promoted to executive editor; Julie Phillips to
executive design director; Ben
Accardi to senior editor for calendars; and Melissa Rhodes to
associate editor. Lucas
Wetzel moves over to the book group as editor, from AMU's
syndication division.
Ashleigh Gardner
has been promoted to deputy general manager for Wattpad Studios, publishing.
Carrie Pestritto
has joined Laura Dail Literary Agency as an agent. Previously she was an agent
at Prospect Agency.
At Portfolio/Sentinel, Merry Sun has
been promoted to associate editor, Vivian
Roberson has been promoted to assistant editor, and Katherine Valentino
has been promoted to assistant marketing & social media manager.
At Chronicle Books, Jenna Homen has been
promoted to content and community manager.
Kristen Fisher will move up to associate publicist on DK's US public
relations team on February 23. She has been marketing & PR coordinator.
Matthew Pride
will join HarperCollins Japan as marketing director on March 1. Most recently,
he headed marketing at educational publisher Pearson/Kirihara, where he worked
on series marketing, author-driven consumer campaigns, and library promotions.
Harper Christian noted "with great
sadness" the death of Billy
Graham at age 99. President and CEO of the division Mark
Schoenwald said in a statement, "It has been a privilege to have Billy
Graham as part of our publishing family. His work here on earth has been
unsurpassed and we are comforted that he is at the side of his heavenly Father.
Our world is forever impacted by the example he set as a follower of Jesus
Christ, and for that we are grateful." USA
Today posted a list of 33 books and pamphlets by Reverend Graham.
Awards
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.
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.
They announced finalists
in 10 categories for their annual Book
Prizes, to be presented April 20. Prize season favorites Jesmyn
Ward and Mohsin Hamid are both nominated for the fiction prize, Angie Thomas
has another chance at a young adult literature award, and a competitive field
for their first fiction award nominates Elif Batuman (The Idiot), Rachel Khong (Goodbye,
Vitamin), Carmen Maria Machado (Her Body and Other Parties); Gabriel Tallent
(My Absolute Darling); and Jenny Zhang (Sour Heart).
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