Chip MacGregor

October 10, 2008



How bad are things on the financial side of publishing? Publisher's Lunch today offered some startling facts:

-Barnes & Noble stock is down 19% from their high last month.

-JohnWiley is off 25% during that same span.

-Scholastic is down 26% since September 19th.

-Amazon has lost 31% over that same time.

-Hachette's parent company Lagardere is down 31.5%.

-News Corp, which owns HarperCollins, is down 36%.

-CBS, which owns Simon & Schuster, is down 40%.

-Borders is down 44% in the past 30 days.

-Books-a-Million is down 49% over that same time.

-And PW Daily reported that Atlas & Co. has been forced to delay its Spring 2008 list due to economic issues.


Want some happier news? J.K. Rowling earned $300,000,000 in this past fiscal year, according to Forbes magazine.

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