HarperCollins Publishers has a real page-turner on its hands. The publishing subsidiary of Rupert Murdoch's News Corp., HarperCollins is the publisher of best-sellers including Coraline by Neil Gaiman, SuperFreakanomics by Steven Levitt and Stephen Dubner, and Scott Adams' Dilbert books. The company's publishing groups include HarperCollins General Books, HarperCollins Children's Book Group, and HarperCollins UK. It also has international operations in Canada, Australia/New Zealand, and India. Its Zondervan unit publishes Bibles and Christian books. The company also sells e-books from its website and through other online retailers. HarperCollins operates as part of parent News Corp.'s publishing division.
HarperCollins' 2011 results declined from 2010. The company reported lower book sales that year, in part due to fewer new releases. Despite the drop, in 2011 HarperCollins had 166 titles on The New York Times Bestseller List with 18 titles reaching the number one position. Bestsellers in 2011 included Sh*t My Dad Says by Justin Halpern, Just Kids by Patti Smith, and Pretty Little Liars by Sara Shepard, as well as Pinheads and Patriots by Bill O'Reilly, America by Heart by Sarah Palin, and Justin Bieber: First Step 2 Forever by Justin Bieber.
The previous year's earnings results were driven by sales of #1 New York Times bestseller Going Rogue by Sarah Palin. The former Alaska governor and vice presidential candidate finished her memoir in 2010, just four months after the book deal was announced, and promotional interviews with the likes of Oprah and Barbara Walters helped contribute to the hype. Harper commissioned a first printing of 1.5 million copies, and the title became the fastest-selling nonfiction debut since Bill Clinton's 2004 memoir, My Life.
Along with the rest of the publishing world, HarperCollins is focused on growing its electronic book sales. In the new media realm, HarperCollins publishes digital copies of its books and maintains them in a digital warehouse. HarperCollins has released more than 8,700 e-books, 50 enhanced e-books, and 70 apps. The e-books, as well as certain audio books, are available via the company's website, and through online retailers such as Powells.com (from Powells Books) and Fictionwise.
The company is also expanding its film-related books assets. In 2011 it acquired Newmarket Press, an independent publisher of screenplays, making-of books, movie tie-ins, and other titles on cinema. Newmarket is joining It Books, HarperCollins' entertainment-focused division. It Books released in 2011 include Red by Sammy Hagar, Getting the Pretty Back by Molly Ringwald, Being Kendra by Kendra Wilkinson, and All My Life by Susan Lucci.
In early 2012, HarperCollins agreed to buy Kohlberg & Co.'s stake in Christian book publisher Thomas Nelson for an undisclosed amount. The move will significantly increase HarperCollins religious-themed material.
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