and more.
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Q3 Sales Dip at HBG
Sales at Hachette Book Group fell 2.8% in the third quarter ended September 30, but were still up 2.2% for the first nine months of 2017.
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Publishing Sales Down at Salem Media
Third quarter sales in Salem Media Group's publishing division, which includes Regnery Press and two self-publishing businesses, fell 20.7%, compared to the third quarter of 2016.
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Quarto Says Profits Will Miss 2017 Target
The Quarto Group issued its second profit update of 2017, stating this morning that despite improved sales in the second half of the year, the publisher’s pre-tax profits will be “significantly lower than board expectations.”
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Sales, Earnings Rise at HarperCollins
Revenue at HarperCollins rose 3% in the quarter ended September 30, compared to the same quarter a year ago. Earnings at the publisher, according parent company News Corp, increased 4%.
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Industry Stocks: October 2017 Performances
Led by big gains for three companies, the Publishers Weekly Stock Index rose 12.2% in October.
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Print, Audio Drive Gains at S&S; in Q3
Simon & Schuster saw sales of print books post gains while sales of downloadable audio rose about 25% in the third quarter ended September 30, 2017. E-book sales fell again.
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With Strong Q3, HMH Trade Sales Continue to Roll
Sales in the period for Houghton Mifflin Harcourt's trade group rose 11.7%, over the comparable period in 2016. The publisher said the gain was thanks, in large part, to a jump in sales of both print and digital books. Sales in HMH's education segment fell by $6 million.
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Adult Trade, Children's Categories Posted Six-Month Gains
Sales of adult trade book rose 3.1% in the first six months of 2017 over the comparable period in 2016, according to figures released by the AAP. Sales of children’s/young adult books increased 4.5% over the first half of 2016.
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Whole Foods Adds Nearly $1.3 Billion to Amazon
In addition to adding $1.28 billion in revenue from its August purchase of the grocery chain, online sales at Amazon rose 22% in the third quarter over the comparable period a year ago.
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Bloomsbury Poised for Good Year
Led by strong sales in its children's group, where the sale of Harry Potter titles drove a 40% gain, total revenue at the U.K.-based company jumped 15% in the six months ended August 31.
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