55 publishing groups with combined reported revenue for 2020 of nearly $68 billion are included in this year’s ranking. Total 2020 revenue is down about 6% from 2019, though a significant portion of that decline is owing to currency fluctuations.
Catching up with PW's Andrew Albanese
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The arrival of October usually would mean the publishing world starts packing for Frankfurt Book Fair. The world’s largest publishing trade show went virtual in 2020. For 2021, there will be a fair – albeit a smaller fair than usual – as the world still struggles to get past the Covid-19 pandemic.
“This year’s program will be a mix of in person and online events,” explains Andrew Albanese, Publishers Weekly senior writer. “For the in-person portion, Fair organizers have obtained a permit with specific protocols that include limiting daily attendance to 25,000. Attendees must have proof of vaccination; have recently tested negative for the virus; or have recovered from Covid-19. And all attendees will be required to wear masks,”
An annual media highlight at Frankfurt is publication of global publisher rankings as determined by PW and Livres Hebdo, the French trade publication for publishers and booksellers.
“With its strong position in STM, legal, and business markets, British-Dutch publisher Reed Elsevier tops the list with revenue of $5.89 billion, up 4.5% over 2019,” Albanese tells CCC’s Chris Kenneally.
“In the US market, acquisitions will have a notable impact on the ranking next year,” he notes. “HarperCollins completed its purchase of the Houghton Mifflin Harcourt trade group in May, which will likely net them a spot deeper inside the top 10 largest—Harper was #10 this year, and Harcourt was #22.
“The bigger acquisition, of course, is the pending purchase of Simon & Schuster by Bertelsmann/PRH. When completed, the deal will add about $900 million in sales to PRH—which means Bertelsmann will likely be the world’s largest publisher, while removing 2020’s 25th-largest publisher, Simon & Schuster.”
Every Friday, CCC’s “Velocity of Content” speaks with the editors and reporters of “Publishers Weekly” for an early look at the news that publishers, editors, authors, agents and librarians will be talking about when they return to work on Monday. | #VelocityOfContent
