book2book

  booktrade.info

Search Booktrade.info:  


Monday 26th January

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

Reading On The Rise Among Young Danes
www.theguardian.com

Schoolchildren's increased interest in books attributed to school campaigns and better targeting by publishers

The Swiss Franc, Swiss Publishers And Swiss Booksellers
www.complete-review.com

Swiss book buyers now have even more of an incentive to purchase via Amazon Germany

Mobile Boom Spurs Ebook Growth In China
www.digitalbookworld.com

China's book market is growing fast

Tesco Offloads Blinkbox Music And Shutters Ebook Service
techcrunch.com

Last-minute sale to Waterstones reportedly falls through

Bronte Table Brought Back To Haworth Parsonage
www.bbc.co.uk

A table at which the Brontë sisters wrote has been brought back to the family home in Yorkshire after being purchased with a grant of £580,000

Black Friday 'may have hit Christmas sales', says ONS
www.bbc.co.uk

Monthly sales only rose 0.4% in December, compared with a 1.6% monthly rise in November

Account Sign-In

Most Popular Stories

  1. 15 Signs To Prove You're A Book Addict
  2. Many Authors' Earnings Fall Below $500pa, Survey Finds
  3. Amazon's New Digital Textbook Creation Tool
  4. 2015 Sami Rohr Prize Finalists Announced
  5. UK National Literacy Trust Appoints Frank Lampard As Reading Ambassador
  6. Eimear McBride Announced As Judge For The 2015 Goldsmiths Prize
  7. Judging Panel Announced For The Desmond Elliott Prize 2015
  8. Bringing A Touch Of Hollywood Sparkle To Russian Bookstores
  9. Don't Try To Beat Google Or Amazon, Go Vertical
  10. Most-Shared Books: The Favourites We Give Again And Again