Global learning company Houghton Mifflin Harcourt announced that President and Chief Executive Officer Linda K. Zecher has resigned after five years in the role. The Company Board of Directors has appointed L. Gordon Crovitz, a member of the board since 2012 and former publisher of The Wall Street Journal, as interim CEO while the search for a new CEO is underway. Zecher has also resigned from the Board of Directors. “We would like to thank Linda for the progress made under her leadership, including the HMH Initial Public Offering, recruiting a world-class executive team, restructuring the Company to serve schools and students more effectively, migrating a significant part of the business to digital and launching a new consumer-focused effort,” stated Lawrence K. Fish, Chairman of the Board of Directors. click Read More below for the rest of the press release
After falling 10% between March 7 and March 14, print unit sales were flat in the week ended March 21, compared to the previous week at outlets that report to NPD BookScan. A huge gain in unit sales in the juvenile nonfiction category helped to offset declines in adult nonfiction and juvenile fiction.
Print sales of adult fiction rose 4% over the previous week. The 66% jump in juvenile nonfiction unit sales was led by the education/reference/language segment, where sales soared 186% over the previous week. Sales of games/activities/hobbies rose by 117%. Top titles were My First Learn-to-Write Workbook and Paint by Sticker Kids.
The gain in adult fiction was driven by a 26% increase in the suspense/thriller segment and a 17% improvement in the science fiction genre. Units dropped 18% for graphic novels compared to the previous week, and religion sales were off 14%.
more at source: https://www.publishersweekly.com/pw/by-topic/industry-news/bookselling/article/82825-print-units-held-steady-last-week.html