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.
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.
About Gary Price
Gary Price (email@example.com) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. Before launching INFOdocket, Price and Shirl Kennedy were the founders and senior editors at ResourceShelf and DocuTicker for 10 years. From 2006-2009 he was Director of Online Information Services at Ask.com, and is currently a contributing editor at Search Engine Land.