Publishers Weekly

Markus Dohle Steps Down as Penguin Random House CEO

18 hours 34 minutes ago
Penguin Random House CEO Markus Dohle has relinquished his position at the head of the publisher, “at his own request and on the best of mutual terms,” just weeks after a federal judge blocked the publisher’s attempt to acquire rival Big Five publisher Simon & Schuster. PRH president and COO Nihar Malaviya will succeed Dohle on an interim basis.

Movie Alert: 'Guillermo del Toro's Pinocchio'

1 day 18 hours ago
The iconic wooden marionette is given new life in a stop-motion film adaptation of Pinocchio directed by Guillermo del Toro, premiering on Netflix on Friday; we spoke with Caldecott Honoree Vera Brosgol about her work as head of the storyboard department.

Sales Fall in Q2 as Wiley Lowers Sales Forecast for Year

2 days 18 hours ago
Sales fell 3% at John Wiley in the second quarter ended October 31, largely due to a 14% revenue decline in its academic and publishing learning group. Trouble in the group prompted the company to lower its revenue forecast for fiscal 2023, though its earnings predictions remained intact.

Paramount CEO Says Simon & Schuster Will Be Divested

2 days 18 hours ago
At a UBS media conference earlier this week, Bob Bakish, CEO of Simon & Schuster parent company Paramount Global, said that with the sale to Penguin Random House now dead, the company still plans to divest the publisher, though he didn’t say how or when.

Publishing Industry Sales Down 4.5% Through September

4 days 18 hours ago
Total publishing industry sales fell 4.5% through September compared to 2021, with trade sales down 3.3%, at the 1,368 publishers that report revenue to the AAP’s StatShot program. Lower hardcover sales and higher returns were the main drivers in pushing down trade sales.

Early Holiday Cheer for Booksellers

1 week ago
The weekend after Thanksgiving, indie bookstores across the country were filled with crowds of eager shoppers and the merry sounds of cash registers ringing up sales in spite of concerns about rising prices.

This Week's Bestsellers: December 5, 2022

1 week ago
Colleen Hoover's 'It Starts with Us' reclaims the #1 spot overall, while Michelle Obama's 'The Light We Carry,' #2 in the country, tops the charts on the coasts. Plus Nora Roberts closes out her Dragon Heart Legacy trilogy, and romance novelist Ashley Herring Blake returns to Bright Falls.