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Reference documents
Things that make me feel better #1
posted by Emma on November 8, 2007 12:48 PM
Thing #1: hearing that even the big boys are finding it tough out there:
For the second year in a row, HarperCollins has had a poor start to its new fiscal year. Last year, sales fell 6% and earnings dropped 21% in the first quarter, and in the period ended September 30 this year sales fell 11.5%, to $330 million, and operating income plunged 52.8%, to $36 million. "It was a lousy quarter," acknowledged CEO Jane Friedman. "We knew things were going to be down, but we didn't think they'd be down this much."
She attributed the declines to a "terrible" quarter in the U.K. and a significant drop in sales in the children's segment in the U.S.
Comments: 3
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... and they still publish books "written" by so-called celebrities.
Posted by: Chris on November 8, 2007 02:33 PM
Emma, shadenfruede ill becomes you, but ... tee hee!
Posted by: Philip Wicks on November 8, 2007 02:35 PM
For once I wasn't being mean to the big guys - I'm not having a pop at them, I'm genuinely pleased that the reason I'm finding it tough is 'market conditions' rather than 'I'm crap at my job'. Phew.
Posted by: Em on November 8, 2007 02:41 PM