FishbowlNY FishbowlDC LostRemote InsideMobileApps InsideSocialGames 10,000 Words TVNewser TVSpy AgencySpy PRNewser MediaJobsDaily UnBeige

Scholastic’s Revenue Down 10% for Q2

As predicted in November, Scholastic reported that their revenue in the second fiscal quarter for 2013 has dropped by 10% compared to last year.

This also means that the company’s net profit has fallen down by 24%. These results came in part from lower-than-expected sales of The Hunger Games trilogy, reduced book club sales and decreased orders for educational technology and services.

Here’s more from the release: “Revenue for the second quarter was $616.2 million, compared to $685.3 million a year ago. Earnings per diluted share from continuing operations were $1.89, compared to $2.62 in the prior year period, which included one-time expenses of $0.21 per diluted share related to cost reduction actions.”

Mediabistro Course

Personal Essay Writing

Personal Essay WritingStarting October 28, work with a published journalist to draft, edit, and sell your first-person essays! Jessica Olien will help you to workshop your writing so that it's ready to pitch to editors. You'll learn how to tell your personal story, self-edit you work to assess voice, style, and tone, and sell your essays for publication. Register now!