Notes: Education Media's Strain; Doug Dutton's Book Lawnch
Education Media & Publishing Group, the Irish owner of Houghton Mifflin Harcourt, which accounts for about 30% of the U.S. textbook market, is struggling with $7 billion in debt and falling textbook sales, according to the Wall Street Journal. As a result, Education Media "has been firing staff, outsourcing functions, buying fewer new books, and phasing out some textbooks for the past year." In some cases, the company is eliminating textbooks that duplicate material. Education Media also remains "open" to selling its well-regarded trade publishing operation.
Education Media president Jeremy Dickens told the paper that the cuts are making the company stronger. "The cost-savings opportunity is significantly greater than any revenue loss we might expect," he said.
Other text publishers are having difficulties, too, the paper noted. McGraw-Hill school division revenue fell 9.1% in the third quarter, and CEO Harold McGraw III estimated that the market for texts and other educational materials fell 3%-4% last year.
Scholastic cut its 2009 profit forecast 30%.
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The firings of CEOs at corporations doubles in bad times, a business school professor estimated, in an article in the Wall Street Journal that counted among recent examples George Jones, the Borders Group CEO who was fired January 5.
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During the seven years Nancy Spiller spent writing Entertaining Disasters: A Novel (With Recipes), she anticipated the day when she would get to have her own author event at Dutton's Brentwood Bookstore.
Unfortunately, the bookshop's closing last year altered her dream, but the Los Angeles Times reported that Spiller was undeterred, writing in L.A. Weekly
that she would "do whatever is necessary to find Doug's home address so
that I can do a reading on his front lawn. . . . Together we can make
magic, we can avert tragedy--just like Dutton's Brentwood used to do."
And last Saturday, 50 of Spiller's friends showed up at Dutton's house and the long-awaited reading took place.
"The
idea that I wasn't entirely forgotten, that this might have something
to do with a book community that is a continuous book community was
very appealing to me," said Dutton, "and it sounded like a fun way to
spend a Saturday afternoon."
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"I couldn't believe how instantly I loved selling books," Stanley Hadsell, manager of Market Block Books, Troy, N.Y., told the Albany Times Union in a profile that observed, "Knowing books and knowing customers go hand in hand for Hadsell."
"His
experience is so broad and deep and extensive," noted colleague Mary
Muller. "Whether people want 'chick lit' or horror or science fiction,
he treats them with the same interest and respect. . . . Stanley is the
king of handselling. We joke that he should be Stanley Hand-sell. . . .
He even does it to us."
Hadsell's interest in the world of books
extends well beyond the shop sales floor, however. "Stanley looks at
the bigger picture rather than just keeping a nose to the bookstore's
glass window," added Shelf Awareness contributing editor Robert
Gray. "He has a sense of the book world as a whole. He's a good reader,
a thinking person and observant."
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The bad weather
that put a dent in sales for many bookstores nationwide during the
holiday season actually helped Broadway Books, Portland, Ore. KATU News
reported that owner Roberta Dyer "was really worried about her shop's
sales the week before Christmas--right before the big snowstorm hit
Portland. She knew it would be a tough week. There were no shoppers on
the street. After a devastating few months, it was not a good sign."
"We
were pretty devastated," Dyer said. "We thought, 'That's it! How can we
even get to the store to open it? And if we can't get there, how can
people come to shop?"
Then her son, Aaron Durand, who lives in San Francisco, posted a plea on his blog, everydaydude,
promising "to buy customers a burrito at Cha Cha Cha on Southeast
Hawthorne Boulevard if they spent $50 at his mom's book store."
"They
started to beat a path to our door," Dyer said, adding that the traffic
wasn't hampered at all by the snowstorm. "They started cross country
skiing and snowshoeing to get here. . . . We started running out of
books. . . . We ended (the month) 6.5% ahead of last year. It was our
best December ever." The burrito party is scheduled at Cha Cha Cha
January 16.
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In another story about how the recession is increasing library usage, the director of the Town of Tonawanda (N.Y.) Library told the Tonawanda News that "all of the libraries in the system are doing well"--in 2008 library circulation rose 9%. And for the first time, the North Tonawanda Library lent more than 500,000 materials.
Some patrons complain about book prices but among the most popular uses for the libraries are computers "for document writing and Internet access."
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For a time, we were running what seemed like regular stories about cars and trucks driving into bookstores. Happily there has been a lull in this kind of bricks-and-mortar-and-car activity--until now. According to the Daily Herald, a "vehicle" struck the outside of a Barnes & Noble in Schaumburg, Ill., yesterday afternoon. Police said there were no injuries or damages but firefighters arrived to assess the building's structural integrity.
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After a 20% drop in revenue the first 11 months of last year, Earth-2 Comics and Collectibles, Sherman Oaks, Calif., has worked "doubly hard to engage their superhero-minded clientele," the Los Angeles Daily News reported.
The store has longer opening times because "ever hour counts," Jud Meyers, who owns the store with Carr D'Angleo, said. The pair aims "to connect to each customer, to entice each buyer with subscriptions," the paper added. "They e-mail each client. Call them at home. Tell them when their latest Avenger issue is in."
Meyers commented: "For us, small is the new big--meaning one product, one person . . . each person is connected to a particular product."
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The AP has an update on efforts by states and others to encourage sales tax collection on online purchases, a change that is being given extra urgency because so many states are in dire financial straits because the recession has resulted in smaller sales tax receipts.
Online sales last year were estimated by Forrester Research to total $204 billion, about 8% of all retail. A Forrester analyst believes that if online retailers had to collect sales taxes, it could generate $3 billion for state governments.
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"Spend time with your sweetie--or a great book," advised the Pittsburgh Tribune-Review,
noting, "if you're lucky enough to be dating or married to someone who
shares a love of books, what better way to spend a gloomy afternoon or
evening but in the company of great authors at some of the few
independent bookstores that are left in Western Pennsylvania?"
The
whirlwind bookshop tour included Penguin Bookshop and the Open Mind
Bookstore, Sewickley; Mystery Lovers Bookshop, Oakmont; Aspinwall
Books, Aspinwall; Caliban Book Shop, Oakland; and City Books,
Pittsburgh.
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MinnPost.com reported that the February issue of Midwest Living
magazine showcased five independent bookstores "with cozy corners,
author events and good selections." The quintet includes Common Good
Books, St. Paul, Minn.; Town House Books, St. Charles, Ill.; Harry W.
Schwartz Bookshop, Milwaukee, Wis.; Prairie Lights Bookstore, Iowa
City, Iowa; and Watermark Books and Cafe, Wichita, Kan.
"We're
delighted that people think we're worthy," said Common Good Books
manager Sue Zumberge. "I don't mean to sound like it doesn't matter,
but we're just who we are. Of course, we love to be in the same group
as Prairie Lights."
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Boing Boing
featured "From the Typewriter to the Bookstore: A Publishing Story," a
very funny video created by the Internet marketing team at Macmillan.
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A
collaborative publishing grant from the Andrew W. Mellon Foundation,
totaling more than $1 million, has been awarded to the University of
North Carolina Press, University of Arizona Press, University of
Minnesota Press and Oregon State University Press. In a statement, UNC
Press noted that the grant was awarded "to support the publication of
first books in the under-served and emerging field of Indigenous
Studies," and that the publishers will "work together to enhance the
vitality of a growing field that encompasses such critical topics as
cultural and political sovereignty, the value of traditional knowledge,
and ethnic identity."
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Obituary note: Scottish poet Mick Imlah died earlier this week, the Guardian reported. He was 52. Imlah's The Lost Leader, his first collection of poetry in 20 years, won the 2008 Forward prize and was shortlisted for T.S. Eliot Prize.
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Effective February 2, Perseus Distribution will distribute and otherwise provide fulfillment services for Zagat Survey.