Publishers Weekly

Scholastic Sees Sales, Profits Fall in Second Quarter

2 weeks 6 days ago
Lower sales in the company's trade group, due mainly to the timing of the publication of some of its biggest books, was the major factor in dropping second quarter results. For the full fiscal year, Scholastic still expects revenue to increase between 4% and 6% over fiscal 2024.

The Top 10 Book Business News Stories of 2024

2 weeks 6 days ago
Major contractions in the independent book distribution space, an explosion of artificial intelligence tools and businesses, and turmoil over freedom of expression in multiple sectors defined the book business landscape throughout the year.