The COVID-19 pandemic has been devastating to several industries, and publishing has been no exception. Among those hardest hit have been titles serving local markets. With public spaces temporarily shutting down, regional titles have little leverage to sell advertising, and readers have little... Continue reading >> [ Source: Folio Magazine | 2020-05-28 16:08:28 UTC ]
W H Smith has confirmed it plans to strengthen its balance sheet with new lending facilities of £120m accompanied by an equity issue of up to 13.7% of its issued share capital. Continue reading >> [ Source: The Bookseller | 2020-04-05 20:57:09 UTC ]
For publishing companies to survive a global crisis like the one we're in, Rich Antoniello's formula is 'brand, plus brains, plus balance sheet." He would know, having stewarded Complex through the 2008 financial crisis as CEO, the role he still holds now. But compared to that, the downturn... Continue reading >> [ Source: Digiday | 2020-03-31 04:00:00 UTC ]