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Big sales fail to lift publishers as cutbacks hit industry
Despite blockbuster titles like Harry Potter Order of the Phoenix and Hillary Clinton Living History selling over a million copies, publishers cut jobs at Scholastic and warned of further spending reductions. Simon & Schuster reported a difficult period with wary sales and tight budgets. Industry insiders cite a slow market since 2000 election, dot com crash, and post 9/11 era.
MENTIONED IN THIS ARTICLE
New York
Order of the Phoenix
Hillary Clinton
Oprah Winfrey
Walter Isaacson
Scholastic, Inc
U.S
Simon & Schuster
Jack Romanos
Amazon.com