Thursday, August 11, 2016

What the Big 5's Financial Reports Reveal About the State of Traditional Book Publishing - Book Business

Today, Panzer found some interesting information at the Book Business site about the big five traditional publishing companies' financial reports.

According to the post by Thad Mcilroy, three of the Big 5, (Hachett, HarperCollins, and Simon and Schuster) had losses in sales over the same period last year, one (Macmillan) did not report their sales figures, and only one (Penguin Random House) had an increase. The post is a little confusing because it compares figures from different reporting periods for the companies. The end of the post speculates on which publishing companies might be candidates for mergers/takeovers.

Me...OW ... OW. My head hurts.
Panzer says, "Make sure you have an aspirin (or headache tablet). You'll need it by the time you finish the post."

Note: This is a l-o-n-g post. Bring a thermos of tea and a dozen muffins for today's reading selection.

To read the post, tootle over to Big 5

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