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Article: University Press turnaround. (Mississippi publisher goes from a deficit to $1 million in sales)
- Article from:
- The Mississippi Business Journal
- Article date:
- July 30, 1990
- Author:
CopyrightCOPYRIGHT 1990 Venture Publications. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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University Press turnaround
Business is booming for the University Press of Mississippi.
And it's about time, says Richard Abel, director of the 20-year-old publishing company sponsored by the eight state-supported universities.
Five years ago, the company published 20 books a year and had an annual deficit that approached $100,000. This year operations not only stayed in the black, but sales increased almost 63 percent, topping the $1 million mark.
The fiscal year ending June 30 also handed the publisher its first "top 10" best seller - Photographs by Eudora Welty ($49.95) made the Washington Post non-fiction list in December. Profit on ...