Amazon Has Big Loss

October 26, 2012

Amazon Has Big Third Quarter Loss Amazon posted a third quarter net loss of $274 million on a sales increase of 27%, to $13.8 billion. The loss was higher than analysts had expected and was attributed to a host of investments, ranging from new Kindles to new warehouses. It expects fourth quarter sales to increase between 16% and 31% in the fourth quarter, although the company could still lose money in the quarter. more » Penguin-Random House Merger Talks Ignite Twitter It's a known fact that people who work in book publishing love gossip, and talking about the inevitable demise of book publishing. So, when word broke that two of the biggest publishing houses might merge, the Twittersphere lit up with a barrage of snarky comments and panicked assessments of the possible future. more » Penguin Offers New Partnership Program for Indies Two years ago Oren Teicher, CEO of the American Booksellers Association, delivered a talk at BookExpo America calling for publishers to develop new business models to help independent booksellers. In the intervening months, indie bookstores have tested offerings from various houses. Now, according to Bookselling This Week, one is ready to roll out nationwide. Starting January 1, 2013, Penguin Group USA will launch "Independent Bricks & Mortar Full-Service Bookstore Retail Partnership." more » Sourcebooks Rolls Out 'Get Real' YA Campaign Tapping into recent buzz that realistic, contemporary fiction is of growing interest to YA readers, and into the prominence of this genre on its fall list, Sourcebooks Fire is debuting a Get Real promotional campaign, whose slogan is "Telling It Like It Is. Real Issues. Real Drama. Real Stories." The initiative kicks off on November 1 with a 10-city tour featuring four of its YA novelists: Miranda Kenneally, Janet Gurtler, and the sibling writing duo of Lisa and Laura Roecker. more » Today's Job Chronicle Books is seeking a Sales Manager, Special Markets. Maybe it's you! For more about this and other jobs, visit PW JobZone. The 39 Clues Launches 'Unstoppable' New Story Arc Scholastic broke new ground when it corralled a stable of boldface names to author The 39 Clues – a multi-platform series involving books, collectible cards, and an online game – which launched with Rick Riordan's The Maze of Bones in fall 2008. The final novel in that six-volume series, David Baldacci's Day of Doom, whose newly revealed cover appears here, is due March 5. And 2013 will also bring the debut book of a new, four-installment story arc, The 39 Clues: Unstoppable, which starts in the fall with a still untitled novel by Jude Watson. more » » Consortium Signs Three Publishers for Digital Distribution Consortium has announced three new Constellation (digital only) clients: CarTech, Inc., Sunrise River Press, and Adventure Publications. Consortium is the exclusive digital distributor throughout the world for CarTech and Sunrise River, and the exclusive digital distributor throughout the U.S. and Canada for Adventure Publications. more » » THE ROUNDUP Panem and Parody: A Hunger Games spoof film casts its Katniss: Desperate Housewives actress Maiara Walsh. The Bookstore Brain: How do bookstores choose their books? The New Yorker answers. 7 Scary Halloween Books: Including "It" and "The Historian." Barzun Dies at 104: He published "From Dawn to Decadence" at the age of 92. 'Cloud Atlas' Review: Is it any good? VIEW ALL » Authors on the Air October 26, 2012: Matt Kaplan Matt Kaplan will be on NPR's "Science Friday" for Medusa's Gaze and Vampire's Bite: The Science of Monsters (Scribner, 978-1451667981). more » » BLOGS PWxyz Blog Louisa Ermelino PW Best Books 2012: This Is How You Lose Her by Junot Diaz Diaz gives us all he's got in his new collection. more » Beyond Her Book Barbara Vey WW Ladies Book Club Christmas Books It's time for Christmas books to make their appearance. more » ShelfTalker Elizabeth Bluemle Casting a Shadow Not your everyday, ordinary story-hour puppets.... more » Genreville Rose Fox Beware the “Frankenstorm” The NOAA warns of hybrid sky monsters. more » ListenUp Adam Boretz Think You Know Your Presidents? Kenneth C. Davis and the POTUS quiz show. more » PICTURE OF THE DAY Sloss Talks Autobiography of Us Earlier this week, a cocktail party was held at Blue Hill New York for Aria Beth Sloss's debut novel Autobiography of Us, which is coming out in February 2013 (Henry Holt). Sloss (right), is being introduced by her editor, Sarah Bowlin (left).

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