Costco Wholesale Corporation Reports December Sales Results

The Association of American Publishers (AAP) released the StatShot Annual report covering the calendar year 2021, estimating that the U.S. book publishing industry generated $29.33 billion industry-wide during the year, the highest number ever reported by StatShot Annual. The number reflects a $3.23 billion increase, or 12.3%, as compared to 2020 revenues of $26.1 billion. “The industry was firing on all cylinders in 2021, delivering benefits up and down the value chain for literature, scholarship, and educational materials,” commented Maria A. Pallante, President and CEO, Association of American Publishers. “At the end of the day, we know that books are immeasurable and timeless as they make their way in the world. Nevertheless, in an economy that is overcrowded with entertainment options, it is thrilling and gratifying to see such resounding affirmation for reading.”

Global research and education leader Wiley, together with the Big Ten Academic Alliance announced they have reached agreement for a one-year contract extension with an open access option, as a pilot in collective action toward the Big Collection. The Big Ten Academic Alliance is a premier higher education consortium in the U.S. that includes major research institutions in 11 U.S. states. The agreement enables researchers at 13 participating flagship universities and 17 affiliated campuses to publish accepted articles open access in all of Wiley's hybrid open access journals in 2022. The agreement also provides access to all of Wiley’s subscription content across the consortium. The agreement aims to advance the goals of the BTAA Big Collection to move toward a sustainable open scholarship ecosystem.

Magic 8 balls dotted the ballroom tabletops, but clairvoyance about the future of the magazine industry was in short supply at the 2018 edition of the American Magazine Media Conference,…