“At $171 million, sales declined by $5 million or less than 3 percent (after a 6 percent decline in the bigger holiday quarter). And profits rose, as adjusted OIBDA gained $2 million (or 20 percent) to $12 million, and adjusted operating income rose $2 million, at $10 million.” Publishers Marketplace
“Hachette Book Group announced today that, beginning May 8, it will make its full ebook catalog, including new releases, available to nonprofit public and school libraries across the nation. Following years of experimentation, pilot testing, and discussions with domain experts at the American Library Association, many of their constituent libraries, and the New York Public Library, Hachette Book Group has established new terms of sale for ebooks to libraries.
New ebooks will be released simultaneously with the print edition and sold for an unlimited number of single-user-at-a-time circulations at an initial price three times the primary physical book price. One year after publication, the purchase price will drop to one and a half times the primary book price.
The primary book price will be defined as the highest-price edition then in print. This new library offering greatly expands digital access for library patrons and follows two years of extensive pilot programs through which Hachette Book Group offered a large selection of its ebooks to selected libraries and assessed ebook usage and borrowing behaviors. Press Release