Search Results by tag: Economic downturn

HarperCollins profits plummet

HarperCollins suffered a massive decline in profits over the past 12 months, according to financial results posted yesterday by parent company NewsCorp. Operating income for the year plummeted to $17 million from $160 million in ... Read More »

August 6, 2009 | Filed under: Book news

Recession woes for Borders UK and Bertelsmann

By Stuart Woods

There are more signs this week that the beleaguered book-selling chain Borders UK could be up for sale. On Thursday, The Independent reported that owner Luke Johnson has hired a corporate finance firm to seek ... Read More »

June 5, 2009 | Filed under: Book news

BookMarks: More bad news from HarperCollins

By Stuart Woods

HarperCollins in the U.S. has laid off two executives and announced the scuttling of its four-year-old Collins division. In more bad news, the company revealed today that it's also closing the shortlived Bowen Press. BookExpo ... Read More »

February 11, 2009 | Filed under: Book news, Libraries

Rough quarter for HarperCollins

By Stuart Woods

HarperCollins is recording a huge drop in revenue for the three months ending Dec. 31, and the company's finances look to be shaping up for a dismal fiscal year. From Publishers Weekly: Revenue at HarperCollins ... Read More »

February 6, 2009 | Filed under: Book news

HarperCollins offers voluntary retirement package to U.S. employees

By Stuart Woods

Of all the cost-saving measures announced by major U.S. publishers in past weeks, those at HarperCollins have until now been relatively mild. However, this morning, the company presented a voluntary retirement package to its U.S. ... Read More »

January 27, 2009 | Filed under: Book news

Barnes & Noble announces layoffs

By Stuart Woods

The downturn in the U.S. publishing industry is spilling over into the retail sector. After dismal holiday sales, which dipped by 5.2% in the nine-week run-up to Christmas, the beleaguered U.S. retailer Barnes & Noble ... Read More »

January 16, 2009 | Filed under: Book news

GÃ¼nter Grass steps into the ring for his HMH editor

By Stuart Woods

One of the most surprising casualties of last month's carnage-strewn Black Wednesday was legendary 79-year-old editor Drenka Willen, who was coolly laid off from Houghton Mifflin Harcourt after nearly 30 years with the firm (as ... Read More »

January 9, 2009 | Filed under: Industry news

Paying writers not to write

By Steven W. Beattie

What do you call 500 lawyers at the bottom of the ocean? An excellent start. Okay, that's an old joke, but it's indicative of a feeling in the general populace that folks in the legal ... Read More »

December 17, 2008 | Filed under: Book news

Bookmarks: Economic downturn edition

By Danielle Ng-See-Quan

Canada's Sun Media is cutting 600 jobs in Ontario, Quebec, Western Canada -- about 10 percent of the workforce (CBCnews.ca) Amazon U.K. employees are being forced to work seven days a week; they are given ... Read More »

December 16, 2008 | Filed under: Book links

The bad news continues for U.S. publishers

By Danielle Ng-See-Quan

Black Wednesday saw three of the largest U.S. publishers announce massive layoffs and restructuring, and it seems there will be no end to these types of changes as the economy continues to spiral downward. Macmillan, ... Read More »

December 16, 2008 | Filed under: Industry news

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Quill and Quire

Search Results by tag: Economic downturn

HarperCollins profits plummet

Recession woes for Borders UK and Bertelsmann

BookMarks: More bad news from HarperCollins

Rough quarter for HarperCollins

HarperCollins offers voluntary retirement package to U.S. employees

Barnes & Noble announces layoffs

GÃ¼nter Grass steps into the ring for his HMH editor

Paying writers not to write

Bookmarks: Economic downturn edition

The bad news continues for U.S. publishers

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