Business & Finance
Publishers Weekly

Publishers Weekly

July 6, 2020

Publishers Weekly magazine is the definitive professional resource covering every aspect of book publishing and book selling. Over 20,000 book and media professionals turn to Publishers Weekly each week for news and information. Publishers Weekly covers the creation, production, marketing and sale of the written word in book, audio, video and electronic formats.

United States
PWxyz, LLC
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51 Issues

in this issue

1 min.
the week in publishing

The Comic Book Legal Defense Fund’s board has accepted the resignations of directors Jeff Abraham and Katherine Keller, and Paul Levitz is retiring from the board, following the resignation of Charles Brownstein as executive director of the organization. A new line of book-themed face masks has been created by the ABA and the Penguin Random House subsidiary Out of Print. The masks go on sale July 6, and a portion of each sale will be donated to the Book Industry Charitable Foundation. The CJK Group has acquired the assets of Quad/Graphics’ Versailles, Ky., book manufacturing plant. Under the agreement, CJK bought the equipment and assumes the customer contracts at the facility. Mary L. Trump’s forthcoming tell-all about her uncle Donald, Too Much and Never Enough: How My Family Created the World’s Most Dangerous…

3 min.
covid takes a toll on industry stocks

With LSC Communications’ April Chapter 11 bankruptcy filing, the Publishers Weekly Stock Index is now down to only seven companies, and all but one had declines in their stock prices in the first six months of 2020, as Covid-19 threw the world economy into a tailspin. While some companies are starting to show signs of improving financial results, the uncertainty over the future course of the pandemic was the major factor in dropping the PWSI by 19.9% at the end of June compared to Dec. 31, 2019. The Dow Jones Industrial Average fell 10.6% in that same period. Educational Development Corp. was the lone company on the PWSI whose stock price increased in the first half of 2020, with its shares jumping 55.6%. Though the publisher had small declines in sales…

1 min.
print units jump at the end of june

With all major categories posting gains, unit sales of print books jumped 18% in the week ended June 27, 2020, over the comparable week in 2019, at outlets that report to NPD BookScan. The YA nonfiction category had the biggest increase over the week ended June 29, 2019, with unit sales skyrocketing 111.6%. The increase was led by Stamped: Racism, Antiracism and You by Jason Reynolds and Ibram X. Kendi, which sold more than 30,000 copies, a 145% increase over the week ended June 20. The adult nonfiction category also had a big increase over 2019, with John Bolton’s The Room Where It Happened selling more than 221,000 print copies in its first week, making it the #1 title overall for the week. Another adult nonfiction title, White Fragility by…

6 min.
at 50, verso, feminist press stay relevant

In October 2017, the radical press Verso published police abolition activist and scholar Alex S. Vitale’s The End of Policing. An examination of the destructiveness of America’s policing system, the book also considers what alternatives to public safety might look like. When it was first published, abolishing the police was considered a niche leftist topic. Brought out as a hardcover, the book’s reviews were better than its sales. Then in June, protests erupted across the country in response to the police killing of George Floyd, and “defund the police” became a prominent demand. Seemingly overnight, police abolition became the hottest topic in America. The time for The End of Policing had arrived. Verso made the e-book edition available for free and within two weeks it had been downloaded more than 200,000…

3 min.
find your inspiration.

A Spiritual Hypothesis An Inquiry Into Abnormal And Paranormal Behavior Daniel Punzak, P.E. Traditional Western religion explains that each human has a spiritual aspect called a soul. However, several passages in the Bible allude to humans having a soul and a spirit. Dan Punzak has explored this idea and found numerous modern psychological findings that support this notion. Shamanism and some Eastern religious concepts also support this idea. Diverse concepts such as creativity, mental illness, and criminal behavior can be explained by the idea that two spiritual forms are in each human. $31.95 paperback978-1-5246-5237-1also available in hardcover & ebook www.authorhouse.com Plotting To Stop The British Slave Trade James Bruce And His Secret Mission To Africa Jane Aptekar Reeve This biography of a notorious liar reveals a key truth. James Bruce was a field worker with a secret British clique…

2 min.
humble bundle rises to covid, social justice challenges

Since the pandemic began shutting down parts of the U.S. economy earlier in the year, Humble Bundle has been an indispensable fund-raising platform for book-related and pandemic nonprofits. Under the Humble Bundle model, consumers can pay what they wish for DRM-free digital content, with some of the proceeds going to nonprofits. In partnership with the Book Industry Charitable Foundation (Binc), Humble Bundle has helped raise more than $450,000 to support independent booksellers and comics retailers since the beginning of 2020. In addition, Humble Bundle has helped raise more than $70,000 over the same period for the Hero Initiative, a fund that supports comics creators in need, as well as more than $40,000 for EveryLibrary, a political action committee that supports initiatives related to library funding. Kelley Allen, Humble Bundle’s director of books,…