Hi Everyone,
While bookstores reported dismal sales earlier this week, the Book Industry Study Group sees a brighter future ahead. Here's what they reported today. This just in from the Book Industry Study Group:
Book Industry TRENDS 2008
Shows Publishers’ Net Revenues Rose 4.4
Percent in 2007 to Reach $37.26 billion
New York, New York/5/31/2008--The Book Industry Study Group (BISG) has just released figures from the upcoming 2008 edition of Book Industry TRENDS, the comprehensive view of U.S. book publishing dollar and unit sales that uniquely covers publishers with under $50 million in annual revenue as well as the larger publishing companies.
TRENDS 2008 estimates that total publishers’ net revenues in 2007 reached $37.26 billion, up 4.4 percent over 2006’s total, and that unit sales in 2007 reached nearly 3.127 billion.
TRENDS projections show revenues reaching nearly $43.5 billion and units at 3.15 billion by the end of 2012.
Providing estimates for 2006 and 2007 and projections for 2008 through 2012, TRENDS 2008 covers the entire U.S. book publishing industry. With the exception of a short section consisting of Traditional Summary Data tables, all figures in the
latest edition of TRENDS are based on data about the full range of small and midsize publishers coupled with data about the more visible large houses.
Reports on interviews with more than 30 industry insiders, which are also included in TRENDS 2008, reveal that publishers today are less strained and
more determined to grapple with issues and implement solutions than they were a year ago.
Tracking Trends for Over 30 Years BISG has been tracking publishers’ dollar and unit sales for more than 30 years. Throughout the past three decades, TRENDS has provided invaluable data on the U.S. book business. TRENDS numbers are widely quoted in prestigious publications including The New York Times, The Wall Street Journal, USA Today, The Washington Post, Business Week, Publishers Weekly, Subtext and many other periodicals that serve book industry professionals, who rely on TRENDS as they plan for the future. BISG expanded its data sources in 2006 to cover the significant and growing segment of the U.S. book publishing market composed of companies with annual revenues of up to $50 million as well as the segment comprising larger companies that TRENDS has always tracked. This year, TRENDS also includes data on sales of a subset of
electronic books.
Robert M. Wharton and Albert N. Greco, senior researchers at The Institute for Publishing Research, provided the analyses of data in this volume. Robert Wharton is also a professor and chair of the Department of Management
Sciences at Fordham University’s Graduate School of Business Administration. Albert Greco is the author of The Book Publishing Industry and the co‐editor of Media Economics: Theory and Practice, as well as a professor of marketing at Fordham’s Graduate School of Business Administration.
Interviews for TRENDS 2008 were conducted, analyzed and reported by Stephanie Oda and Glenn Sanilso of Open Book Publishing.
For more information, or to order a copy of Book Industry TRENDS 2008 visit
http://www.bisg.org/publications/trends2008.html.
About Book Industry Study Group, Inc.
The Book Industry Study Group, Inc. (BISG) is the industry’s leading trade association for policy, standards and research. The mission of BISG is to create a more informed, empowered, and efficient book industry. Membership
consists of publishers, manufacturers, suppliers, wholesalers, retailers, librarians, and others engaged in the business of print and electronic media. For more than 30 years, BISG has provided a forum for all industry professionals to come together and efficiently address issues and concerns to advance the book community.
Saturday, May 31, 2008
Thursday, May 29, 2008
Bookstore Sales Lag
Hi Everyone,
The not-so-good news this week is that all three of the top booksellers--Barnes & Noble, Borders, and Books-A-Million-- are having a tough time increasing book sales. Top managements at these entities are, however, predicting reasonably good results for the year. Another interesting wrinkle is that the Christian publisher, Baker, is reporting solid increases. Read these storeis and more at www.authorlink.com
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Last Update: May 29, 2008
Borders Sales Lag; Amazon Relationship Ends
Zogby Survey to Reveal American Habits of Book Buying and Reading
Barnes & Noble First Quarter Slow, More Dips Ahead
Microsoft Ends Live Book Search
Books-A-Million Sales Decline In Fiscal Quarter
Christian Publisher Baker Reports Solid Sales Gain
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UK REPORT
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Updated May 29, 2008
Waterstone's Publishes Harry Potter "Prequel," Rowling Helps Promote
Woolworths Launches Express Campaign With Retailers, Newspaper
Hodder Faith To Publish Young's Bestseller
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Thursday, May 22, 2008
B&N Still Contemplating Borders Buy
Hi Everyone,
The story to watch this week is whether Barnes & Noble will make a bid for Borders. Rumblings abound on the Internet. The other big story is that Markus Dohle succeeds Peter Olson at Random House, which could mean significant changes in editorial initiatives. Get all the stories on www.authorlink.com
News Updated Every Thursday
Last Update: May 22, 2008
New Rumors Surface on B&N Buyout of Borders
Markus Dohle Named To Succeed Olson At Random House
Hastingins Entertainment Reports Record First Quarter Earnings
McGraw-Hill Cuts 395 Jobs In Financial And Educational Units
Thriller Writers Launch New Audio Initiative With Audible
Janet Jackson To Release Book On Personal Issues
Boston Globe Launches New Site for Moms
Mayborn Conference To Feature Momaday And Other Top Authors
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UK REPORT
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PUBLISHING NEWS
Updated May 22, 2008
New Consumer Survey Shows Book Jackets Matter
Indy Bookseller Urges Publishers To Stand Up To Amazon
Independent Alliance Conference Studies New Business Models
Child 44 Favorite To Win New Book Prize
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Tuesday, May 20, 2008
Markus Dohle Replaces Olson as Random House CEO
Hi Everyone, this is just in from Random House on the naming of a new CEO. More about the appointment in our Thursday edition.
Markus Dohle to Succeed Peter Olson as CEO of
Random House and on Executive Board of
Bertelsmann AG
announced today that Peter Olson, 58, will step down at his own initiative from his
positions as Chairman and Chief Executive Officer of Random House and as a member
of the Executive Board of Bertelsmann AG, effective May 31. Olson will pursue an
academic career.
Markus Dohle, 39, will become the new Chairman and CEO of Random House. He was
appointed by the Supervisory Board of Bertelsmann AG and will succeed Mr. Olson on
the Bertelsmann Executive Board as of June 1. Mr. Dohle is presently member of the
Arvato AG Executive Board and CEO of Arvato Print. Dohle’s successor at Arvato will
be announced shortly. The Direct Group North America reporting line will shift from
Peter Olson to Bertelsmann’s Chief Financial Officer Thomas Rabe.
Mr. Olson joined Bertelsmann AG in 1988 and served in a variety of positions in
Gütersloh and New York, culminating in his appointment ten years ago as Chairman
and CEO of Random House. He led the negotiations for Bertelsmann’s acquisition of
the publishing house and its subsequent successful integration with Bantam Doubleday
Dell. Under his leadership during the past decade, Random House enhanced its
position as the global trade-book publishing market leader, greatly increasing its
profitability through the sale of more than four billion books globally, over four thousand
bestsellers in nineteen countries and five languages, as well as with eight new Nobel
Prize winners.
Mr. Ostrowski expressed his regret over Peter Olson’s departure and wished his
longtime colleague the best of success with his new life plan, saying: “Peter Olson
made an important contribution to developing Bertelsmann’s book publishing business.
We thank him for his tremendously successful work at the helm of Random House.”
Ostrowski also congratulated Markus Dohle on his new position on the Bertelsmann
Executive Board and as the CEO of the Random House division, saying: “Markus Dohle
is an exceptional entrepreneur who will successfully influence the future of Random
House.”
According to Ostrowski, Dohle brings to Random House a fresh strategic viewpoint on
Random House’s operations. At Arvato, he has demonstrated his great ability to create
new revenue streams in mature markets. Likewise, at Random House, he will lend new
and necessary impetus to the book-publishing business by lengthening the value chain.
“Random House plays an important role in Bertelsmann’s growth strategy,” Ostrowski
said. “Markus Dohle will continue to advance the development of world’s market-leading
trade book publishing group through new ideas and by opening up new lines of
business. In doing so, he will rely on Random House’s longstanding traditions, in
particular the independence of its individual publishers and imprints. Markus has a
leader’s personality. With his proven talent for innovation, he will enhance Random
House’s long-term value and keep it strong even in a mature book marketplace.”
Mr. Dohle will be based in Random House’s world headquarters in New York, where he
will be relocating this summer.
Mr. Dohle said, “My appointment as Random House's Chairman and CEO is a great
honor for me. I am grateful for this vote of confidence and look forward to the
entrepreneurial challenge and the chance to work with their extraordinary authors, as
well as their world-class publishers and employees. Trade book publishing faces a
promising future. My goal for Random House is for us to join together in identifying new
growth opportunities and tap additional potential which we will develop from our core
businesses as we continue to build upon Random House's unique position as the global
trade-book market leader.”
Markus Dohle joined Bertelsmann in 1994, after completing a degree in economics and
industrial engineering at the University of Karlsruhe (TH). He began as a management
assistant at Bertelsmann Distribution. In 1998 he was promoted to Chief Executive
Officer of the Vereinigte Verlagsauslieferung (VVA). He eventually led VVA to market
leadership in the field of publishing logistics. In 2002, he moved to the printing sector,
taking the helm of the Mohn Media group, which he has led successfully ever since.
Dohle has sat on the Arvato AG executive board since 2006, and is responsible for
Arvato Print’s worldwide operations and more than 11,500 employees in seven
countries.
About Bertelsmann AG
Bertelsmann is an international media company encompassing television (RTL Group), book
publishing (Random House), magazine publishing (Gruner + Jahr), music (BMG), media
services (Arvato), and media clubs (Direct Group) in more than 50 countries. Bertelsmann’s
claim is to inspire people around the world with first-class media and communications offerings –
entertainment, information and services – and occupy leading positions in its respective markets.
The foundation of Bertelsmann's success is a corporate culture based on partnership,
entrepreneurial spirit, creativity, and corporate responsibility. The company strives to bring
creative new ideas to market and create value.
Bertelsmann is comprised of the television channels, television production companies, and radio
stations of Europe's largest entertainment group, RTL Group (RTL Television, M6, Five,
Fremantle Media), and the more than 120 publishing houses of Random House, the world's
largest trade book publisher (Alfred A. Knopf, Bantam, Goldmann). Gruner + Jahr is Europe's
number one magazine publisher (Stern, Geo, Neon, Capital). The Sony BMG joint venture in the
BMG division is synonymous with creativity and strong international music brands (Beyoncé,
Dixie Chicks, Justin Timberlake, Christina Aguilera). The Arvato media and communications
services division brings together distribution, service centers and customer-relationship
management, state-of-the art printing manufacturing, storage media production, mobile services, and comprehensive IT services. Bertelsmann's direct-to-customer businesses are unified within the Direct Group: book, DVD, and music clubs (Der Club, France Loisirs), as well as book retailers in France and Portugal
Thursday, May 15, 2008
Smart Queries:
New for Editors and Literary Agents
Hi Everyone,
Among important news items this week is our own unveiling of SMART QUERIES, a new online tool for editors and agents. Watch the 3-minute video to see what's up. Be sure you install Flash Player 9 on your computer before viewing.
More good news for writers is that bookstore sales are up for the third straight month this year. And a word of warning: The State of Indiana is suing Airleaf Publishing for fraud. Read all the news on Authorlink this week at www.authorlink.com
New online tool for editors and literary agents. 3-minute demo
News Updated Every Thursday
Last Update: May 15, 2008
Bookstore Sales See Third Straight Increase This Year
State of Indiana Files Suit Against Airleaf Publishing
HarperCollins Sales Steady In Third Quarter
Hachette Book USA Posts Strong Quarter, Lagardere Lags
Bertelsmann Profits Rise; Revenues Decline
HarperCollins Unveils First Interactive Sales Catalogue
Mayborn Conference To Feature Momaday And Other Top Authors
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UK REPORT
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Updated May 15, 2008
Random House CCVDivision Takes Home Two Nibbie Awards
BA Conference Spawns New Ideas In Trade Initiatives
Amazon Discount Tactics Draw Ire From Publishers
Three New Political Books Dominate Media
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Thursday, May 08, 2008
Random House Leadership Changing
Hi Everyone,
The big news this week is that Peter Olsen is rumored to be stepping down as CEO of Random House, U.SA. and Random House UK head Gail Rebuck is said to be moving to the U.S. to become his successor. Read all these stories and more at www.authorlink.com.
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Last Update: May 8, 2008
ABA Revamps Indy Book Sense Program To Rise to New Era
NY Times Says Random House CEO May Leave Bertelsmann
Amazon to Pay New York Taxes, Despite Lawsuit
PEN Petitions China to Free Jailed Writers
Ingram Joins ABA to Educate Indy Booksellers
Marvel Publishing Sales Drop 4% In First Quarter
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UK REPORT
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Updated May 8, 2008
Scottish Publishers' Group Denies Charges Of Unaccountability
PN Speculates Over Rebuck Move to US
Famous Bookstore Foyles Plans To Double Size
US Freight Company Buys Activair
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Monday, May 05, 2008
Random House CEO Departing
NY Times Says
Random House CEO
May Leave Bertelsmann
NEW YORK, NY/5/5/2008--The New Publish PostYork Times today ran an unconfirmed report that Random House CEO Peter Olson will leave RH and its parent company, Bertelsmann, within several months. Neither Bertelsmann nor Random House would comment on the Times story. However, Bertelsmann's new chief executive Hartmut Ostrowski and others reportedly have been concerned about lagging performance at Random House, where revenue declined 5.6% and earnings fell 4.9% in 2007.
Olson, who had been ill with pneumonia late last year, is said to be considering other non-publishing opportunities. Bertelsmann is expected to formally announce the executive change during its board meeting, scheduled in a few weeks. Though their is no apparent successor to Olsen, The Times said Random House UK head Gail Rebuck is a potential candidate.
This is not the first time rumors have circulated about Olson's department. At the London Book Fair in April, there was talk of his departure, and a German magazine published an article in April saying he would leave the company within a few months.
Olson, in addition to serving as CEO of Random House, also manages Bertelsmann Direct North American. The book club unit was put up for sale earlier this year.
Thursday, May 01, 2008
Bestselling author Anne Stuart Featured
Hi Everyone,
Our May 1 edition is a big one, packed with new columns, news, video and other information. New York Times bestselling author Anne Stuart joins our CelebWire this month with a FREE short story.
See the video interview with bestselling author Kimberla Lawson Roby. Catch the new interviews with Gaby Triana, Laurie Wagner Buyer, and Pulitzer Prize winner Geraldine Brooks, to mention a few.
Columnist Lisa Dale Norton examines The Truth About Memoir this month. Lisa Lenard Cook revisits The Mind of Your Story, and Rochelle Shapiro looks at The Anecdote Vs. the Story.
All this and more at www.authorlink.com
Best,
Doris
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