StockMarketWire.com - Bloomsbury Publishing said in the three months to end-May, ebook sales were up 70% year on year, exceeding the effect of the 2% fall in print sales.

The Association of American Publishers has reported that ebook sales in the US, for the first calendar quarter of 2012, have exceeded hardback sales and that overall there continued to be an increase in total sales across all formats for adult books.

The rate of growth in ebook sales for young adult and children's books in the US now exceeds that for adult.

Major best sellers in the period were Hugh Fearnley-Whittingstall's 'River Cottage Veg Everyday!', 'Wisden Cricketers' Almanack 2012', 'Double Cross' by Ben MacIntyre, 'Heston at Home' by Heston Blumenthal and 'Salvage the the Bones' by Jesmyn Ward.

Chief executive Nigel Newton said: "We have continued to make significant progress throughout the period in growing our academic & professional division.

"The acquisition of Fairchild Books in particular represents a highly complementary fit to our existing business in fashion publishing following our acquisition of Berg Publishers in 2008.

"Ebook sales continue to grow at a rapid rate and we are well placed to take advantage of this seismic shift in the book publishing industry.

"Despite the economic headwinds we are confident that we have the right strategy in place as well as a very strong list of authors for the coming year." At 9:14am: [LON:BMY] Bloomsbury Publishing share price was +3.5p at 116.5p



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