Industry News Roundup

1. Privacy: LexisNexis to Pay $13.5M, Reform Debt Reporting (via Courthouse News)
2. Altmetrics: ORCID and PlumAnalytics Work Together to Maximize Information Available About Scholarly Activities
3. Publishing: Wiley Reports First Quarter Fiscal 2015 Results

“Our journal revenues continued to grow at low-single-digit rates, supported by growth in subscriptions and author funded access,” said Steve Smith, President and CEO.
At the end of July, calendar year 2014 journal subscriptions were up 1.5% on a constant currency basis, with 98% of targeted business closed for the 2014 calendar year.
Two new society journals were signed in the quarter with combined annual revenue of $0.3 million; seven were renewed with approximately $11.4 million in combined annual revenue; and four were not renewed, worth $2.3 million annually.

4. Book Retailing: Barnes & Noble Reports Fiscal 2015 First Quarter Financial Results, NOOK Losses Narrow, Retail Core Comparable Bookstore Sales Essentially Flat – Decline 0.4%

The NOOK segment (including digital content, devices and accessories) had revenues of $70 million for the quarter, decreasing 54.3% from a year ago.  Device and accessories sales were $18 million for the quarter, a decrease of 78.6% from a year ago, due to lower unit selling volume.  Digital content sales were $52 million for the quarter, a decline of 24.2% compared to a year ago, due primarily to lower device unit sales.
NOOK EBITDA losses decreased $50 million, as compared to a year ago, to $5 million, primarily as a result of the cost rationalization efforts that were initiated last fiscal year.  Expenses declined $27 million from a year ago, while gross profit included $13 million of favorable adjustments.

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