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Scholastic, Carlton, Faber in latest children's turnaround
22.03.13 | Charlotte Williams
In one of a chain of moves across children’s publishing, Scholastic UK publishing and commercial director Lisa Edwards (pictured) will be joining the Carlton Publishing Group in the newly-created role of adult publisher. Edwards will take up the appointment on 29th April, reporting to group editorial director Piers Murray Hill. Murray Hill said Edwards' experience in "editorial management and licensed publishing will help us achieve the ambitious growth we want for our adult lists." She joins after 12 years at Scholastic UK.
Meanwhile, fiction editorial director Clare Argar is also leaving Scholastic, to pursue other opportunities. The publisher has also created the new role of fiction publisher, with an announcement of who has been appointed to be announced immediately after the Bologna Book Fair next week.
Within the department, Zoe Duncan has been promoted to senior commissioning editor; Helen Thomas is promoted to commissioning editor, and Lucy Rogers is promoted to assistant editor. They will all report to the new fiction publisher, who will report to Scholastic Children's m.d. Hilary Murray Hill.
Genevieve Herr will join Scholastic as commissioning editor, succeeding Alice Swan who is moving to Faber Children's as commissioning editor on 11th April.
Meanwhile also starting at Faber Children's is Emma Eldridge, who is moving from her role as senior designer and acting art director at Egmont to take up the role of senior children's designer. She starts at Faber Children's on 3rd June, working across the children's list.
Scholastic Corporation yesterday reported revenue for the third quarter, which ended on 28th February, was $380.5m, compared to $467m this time last year.
The publisher attributed the drop primarily to "significantly lower" sales of The Hunger Games trilogy, when compared both to company expectations, and to the previous year when the first film adaptation was released.
In the Children's book publishing and distribution segment, revenue dropped to $189.4m, compared to $268.8m during the same period last year. Overall segment operating loss was down to $10.1m, from $12.2m, attributed to the lower Hunger Games revenue and continued investment in e-commerce and e-books initiatives.
The publisher has revised its outlook for the fiscal year ending 31st May, now expecting total revenue of $1.75bn to $1.8bn, compared to its previous outlook of $1.8bn to $1.9bn.