When it comes to improving profits at print magazines, there’s a tendency to focus on new ways of driving revenue. But while keeping a close eye on expenses can also have a significant impact on the bottom line, today’s environment often calls for a balancing act. “We know that austerity doesn’t work,” says Erin O’Mara, president of The Nation. “We see that in countries and in businesses. If the cuts go too deep, they can strangle the ability to thrive. All potential expense has to be weighed against potential return, even if that return is down the road.” Holding down costs means taking a look at expenses across the board, from little things like office supplies and catered lunches to big ones like printing and postage. Click Read More below for additional information.
eBook revenues for trade book publishers were up 2.4% in May 2017. The growth was attributed to increased eBook sales for Adult Books, up 3.4% over May 2016. This is the first monthly increase over prior year sales since March 2015, according to the StatShot Monthly report from the Association of American Publishers (AAP).
The increase in eBook sales was one element of a growth month for book publishers. Revenues for book publishers were up by $50.7 million (4.6%) in May 2017 over May 2016. Revenues from Jan. – May 2017 were $4.25 billion, gaining $175.7 million (4.3%) compared to the same timeframe in 2016.
With the exception of Professional Books, all reported categories saw sales increases for the month. The categories with the greatest growth in May were Childrens & Young Adult Books (11.8%) and University Presses (7.3%). With these and other gains, no categories are reporting revenue loss year-to-date.
StatShot tracks publisher revenue on a monthly basis for about 1,200 publishers of trade (fiction/non-fiction/religious), PreK-12 instructional materials, higher education course materials, university presses and professional books.
more detail at: http://newsroom.publishers.org/ebook-revenue-up-in-may-2017-first-monthly-increase-in-more-than-two-years/