Midland Paper, Packaging + Supplies today announced that it has entered into a definitive agreement to acquire Shaughnessy, Kniep, Hawe Paper Company (“Shaughnessy”), one of the oldest and most respected independently-owned paper merchants in the United States. Founded over 135 years ago, Shaughnessy is a full-line, full-service merchant distributor of Printing and Writing Papers, Book Publishing Papers, Magazine and Catalog Papers, Digital and Specialty Substrates, Wide Format Graphics, Graphic Supplies and Packaging. The transaction is expected to close on September 18, 2015. “Shaughnessy has a long and distinguished history as one of the leading merchant distributors in the Midwest,” said Stan Hooker, Chairman and Chief Executive Officer of Midland. “We have known the owners and senior management of the company for many years and have the utmost respect for the quality of their organization and its people.”
From January 2019 through April 2019, overall participating publisher revenue was $3.36 billion, an increase of $144.4 million (+4.5%) compared to the same period in 2018, according to the Association of American Publishers (AAP) StatShot Monthly report. For April 2019, publisher revenue was $793.5 million, a decrease of $13.1 million (-1.6%) compared to the same period in 2018 for all tracked categories (Trade, PreK-12 Instructional Materials, Higher Education Course Materials, Professional Publishing and University Presses.)
In April 2019, publisher net revenue for trade (consumer) books, including sales to bookstores, wholesalers, direct to consumer, online retailers, etc., was $585.1 million, which is relatively flat compared to April 2018 ($587.8 million). Religious Presses lead in revenue growth with 9.5% growth, followed by children’s & young adult books at 6.7%. Revenue for adult books declined 4.4% this month.
Adult hardback books, in particular, had a difficult month showing -16% revenue decline and setting the curve to a -5.5% revenue decline for all trade hardback sales, despite double digit revenue growth for hardback books for children and young adults (+13.9%) and religious presses (+10.7%). For adult books, mass market was the best performing print format with increased revenue of 3.7% to net $20.4 million in revenue.
Downloaded audio books continues to be the format with the highest growth closing April 2019 with 28.7% increased total revenue from the prior year to $49.1 million. While eBooks declined 2.5% overall for April, eBook revenue for religious presses increased 1.8% compared to prior year.
For April 2019, total revenues for participating education and scholarly publishers were $204.8 million, a decrease of 5.1% compared to April 2018. Both PreK-12 Instructional Materials (+19.5%) and University Presses (+1.3%) saw increases compared to the prior year.
Publisher net revenue, including sales to bookstores, wholesalers, direct to consumer, online retailers, etc., is tracked monthly by the Association of American Publishers (AAP) and includes revenue from about 1,360 publishers, with participation subject to change over time.
The StatShot Annual, Higher Education Annual, and PreK-12 Annual reports for calendar year 2018 are available for purchase. For additional information about these reports, email Syreeta Swann at firstname.lastname@example.org.
more detail at: https://newsroom.publishers.org/aap-statshot-publisher-revenue-up-45-year-to-date/