BMI Launches Member Community

*Total net sales were $135.8 million, a decrease of $25.9 million or 16.0%, compared to $161.7 million last year. *Gross profit was $41.7 million, or 30.7% of net sales, compared to $51.7 million, or 32.0% of net sales last year. *Operating income was $7.7 million, or 5.7% of net sales, compared to operating income of $12.1 million, or 7.5% of net sales, last year. *Net income was $5.3 million, or $0.18 per diluted share, compared to $9.3 million, or $0.31 per diluted share, last year.

This year’s Book Industry Study Group annual meeting, held virtually April 23, focused on issues around book publishing’s impact on the environment, the continuing effect of the pandemic on the supply chain, and the industry’s response to both. The program opened with a keynote by Sheri Aldis, chief of publishing at the United Nations, which focused on the need for “global cooperation” to address sustainability and on the role of the United Nation’s Sustainable Development Goals (SDG), a set of 17 interconnected objectives based around science, economic development, and social well-being considered necessary to create a decent standard of life. Among the SDGs are (1) no poverty, (2) zero hunger, (4) quality education, (5) gender equality, (7) affordable and clean energy, and (13) climate action.

Add another accolade to the trophy case in what has turned out to be a banner year for Mryna Blyth, Bob Love, and co. According to the latest data from market research firm GfK MRI, AARP The Magazine has overtaken People as America’s most-read print magazine. An estimated 38.3 million adults read the magazine over the reporting period—which ran from March to November, 2017—narrowly edging out People, which was read by an estimated 37.9 million adults, according to the data, down from 41.4 million a year ago. Click Read More below for additional information.