The New York Times – Capacity issues at the two largest printing companies are among the factors creating havoc for authors and publishers.”…The two largest printing companies in the United States, Quad and LSC Communications, have been under intense financial strain, a situation that has grown worse during the pandemic. LSC declared bankruptcy in April, and the company’s sales fell nearly 40 percent in the fiscal quarter that ended June 30, a drop that the company attributed partly to the closure of retailers during the pandemic and the steep fall of educational book sales. In September, LSC’s assets will be put up for auction. Quad’s book printing business is also up for sale; this spring, the company had to temporarily shut down its printers at three plants due to the pandemic. At the same time, there has been a surprising spike in sales for print books, a development that would normally be cause for celebration, but is now forcing publishers to scramble to meet surging demand. Unit sales of print books are up more than 5 percent over last year, and sales have accelerated over the summer. From early June to mid-August, print sales were up more than 12 percent over the previous 10 weeks, according to NPD BookScan. The surge has been driven by several new blockbuster titles, including books by Suzanne Collins, Stephenie Meyer, John Bolton and Mary Trump. Publishers have also seen an unexpected demand for older titles, particularly books about race and racism, children’s educational workbooks and fiction…”
Sorry, comments are closed for this post.