Jim Milliot

3 days ago | publishersweekly.com | Jim Milliot

Total revenue across the 1,325 publishers that report results to the Association of American Publishers’ StatShot program fell 4% in April compared to a year ago. The decline was due, in part, to a 12.5% drop in digital audiobook sales across both the adult and children's/YA book categories. Audiobooks have been the primary driver of trade sales for more than a year following the November 2023 entry of Spotify into the market, which brought in new customers and sales.

4 days ago | publishersweekly.com | Jim Milliot

Despite a third quarter with financial results below expectations, Scholastics issued revised guidance for the fiscal year ended May 31, 2025, that boosted its profit expectations back to $140-150 million for the year. The company had dropped the forecast to no higher than $140 million when its third quarter results were released in March. Adjusted EBITDA (earnings before income, taxation, depreciation, and amortization) in fiscal 2024 was $136.9 million.

1 week ago | publishersweekly.com | Jim Milliot

Following its July 2024 acquisition of Boom! Studios, Random House Publishing Group continues to revamp the company’s editorial operations. That process began last September with the appointment of Michael Kelly, the former VP of global publishing at Hasbro, as publisher. In April, another Hasbro vet, Andy Schmidt, joined as editor-in-chief. The most recent additions feature the appointment of Sara Miller as editorial director, reporting to Schmidt.

1 week ago | buff.ly | Jim Milliot

Another report has documented how inclusive access and equitable access programs have helped college students save money on course materials. According to the consulting firm Student Monitor’s twice annual study of trends in student spending, spending on materials declined 4% during the 2024-2025 academic year from the 2023-2024 academic year, dropping to $318.

1 week ago | buff.ly | Jim Milliot

Following its July 2024 acquisition of Boom! Studios, Random House Publishing Group continues to revamp the company’s editorial operations. That process began last September with the appointment of Michael Kelly, the former VP of global publishing at Hasbro, as publisher. In April, another Hasbro vet, Andy Schmidt, joined as editor-in-chief. The most recent additions feature the appointment of Sara Miller as editorial director, reporting to Schmidt.