book2book

  booktrade.info

Search Booktrade.info:  


Friday 29th April

Book2book Home Book Trade News Trade Announcements Bestseller Lists About Booktrade.info

Wiley Has Weak Second Quarter; Restructuring Planned

Posted at 5:29PM Monday 10 Dec 2012

Soft higher education markets, tight library budgets, and sluggish global retail channels, resulted in a disappointing second quarter at John Wiley. For the period ended October 31, revenue fell 3%, to $431.8 million, and operating income declined 13%, to $62.9 million. CEO Steven Smith said in prepared remarks that, due to what Wiley sees as permanent changes in some consumer behavior, it is preparing a restructuring program that will "better align" its costs "with current and expected market conditions as they impact our traditional print business."

PW

businessweek.com

John Wiley Press Release




Get book trade news by email

Daily book trade headlines and breaking publishing news by email - just £3 a month. Click on the Subscribe button below to sign up now

Find out more


Search the news archive:
 






More Book Trade News

Harlequin Shutters Blaze Imprint
www.quillandquire.com

Shifts some North American distribution online

Amazon Sees Profits And Sales Surge
www.bbc.co.uk

Helped by rising sales of its Kindle reading devices

Pearson First Quarter Sales Fall On U.S. Contract Losses
news.sky.com

"Solid start to the year, in line with our expectations"

Chinese Rights Lawyer Strikes Back At ABA Over Scuttled Book
blogs.wsj.com

Feud has gone from bad to worse

Data-driven Publisher Inkitt Signs First Predicted Bestseller With Tor Books
www.digitalbookworld.com

"First novel selected by an algorithm for publishing"

Borrower Returns Library Book 67 Years Late – But Escapes $24,000 Fine
www.theguardian.com

Woman checked out Myths and Legends of Maoriland from Auckland library in 1948 and had been 'meaning to return it for years'

Account Sign-In

Most Popular Stories

  1. Former Asda Director Takes Helm Of Amazon's UK Operations
  2. Jenny Diski, Diagnosed With Inoperable Cancer, Dies Aged 68
  3. Amazon Sees Profits And Sales Surge
  4. Scientology Leader David Miscavige Is Threatening To Sue Over His Father's Book
  5. Emma Watson's Feminist Book Club To Read 'The Argonauts'
  6. BBC And Netflix Team Up For New Watership Down Production
  7. Hugo Awards Shortlist Dominated By Rightwing Campaign
  8. Meet The People Who Judge Books By Their Covers
  9. 2016 Clarke Award Shortlist
  10. Pearson Finds Language Gap With Unit Sale