Job cuts add to costs for streaming service but it gains 10m premium subscribers in fourth quarterSpotify’s push beyond music has tipped the streaming service into the red again, after it acquired the rights to 200,000 audiobooks for premium subscribers, with Prince Harry’s autobiography and... Continue reading >> [ Source: The Guardian | 2024-02-06 15:45:35 UTC ]
A 1.7% increase in sales in the fourth quarter kept the drop at 2.6% for the year, overcoming a 4.1% drop during the first nine months. Smaller than expected losses in sales of books for adults helped to offset plunges in the children’s sector. Continue reading >> [ Source: Publishers Weekly | 2024-01-05 05:00:00 UTC ]
Since the summer, many publishers have reported lower orders from Amazon compared to a year ago, and the release of the e-commerce giant’s third-quarter results gave no indication that things will markedly improve in the final period. Continue reading >> [ Source: Publishers Weekly | 2022-10-27 04:00:00 UTC ]
The fast-growing media platform claims its mission is to foster community spirit – which it mainly does. But can it control the spread of misinformation?Introducing its financial results earlier this month for the fourth quarter of 2021, the community-based social networking platform Nextdoor... Continue reading >> [ Source: The Guardian | 2022-03-20 09:00:52 UTC ]
Amazon’s online sales fell 1% in the fourth quarter ended December 31, 2021, compared to record highs in the fourth quarter of 2020. Operating income for the entire company dropped 50% in the quarter. Continue reading >> [ Source: Publishers Weekly | 2022-02-04 05:00:00 UTC ]
HarperCollins global revenues fell 4.4% in the financial year ending 30th June, including a 3% decline in the fourth quarter, according to figures from parent firm News Corp. Continue reading >> [ Source: The Bookseller | 2020-08-07 14:12:09 UTC ]
Scholastic has reported a 10% revenue drop for the fiscal year to end May 2020, to $1.49bn, with an overall loss of $88.5m, after Covid-19 battered its fourth quarter. Continue reading >> [ Source: The Bookseller | 2020-07-24 06:25:19 UTC ]
Fourth-quarter sales and earnings fell at John Wiley compared to fiscal 2019 due to lower sales of print books, test prep programs, and corporate training. Sales for the year rose 2%, though a number of one-time charges led to an operating loss. Continue reading >> [ Source: Publishers Weekly | 2020-06-11 04:00:00 UTC ]
Scholastic Corporation has said it expects business in the fourth quarter to be affected by coronavirus-related school closures and it is taking "agressive actions to reduce operating expenses throughout the Company" as a result, including the temporary closure of warehouse and distribution... Continue reading >> [ Source: The Bookseller | 2020-03-19 15:51:43 UTC ]
Anheuser-Busch InBev is poised to launch Bud Light Seltzer as part of a new product blitz, according to reports from two beer trade publications. Citing sources from the brewer’s distributor meeting this week, Beer Business Daily reported that the brewer was developing a seltzer line extension... Continue reading >> [ Source: Advertising Age | 2019-09-13 13:12:06 UTC ]
Hachette UK c.e.o. David Shelley hailed a "very strong" fourth quarter for the publisher, as parent company Lagardère reported a revenue drop of 1.2% like-for-like for the full-year 2018. Continue reading >> [ Source: The Bookseller | 2019-02-08 00:00:00 UTC ]
Within the U.S., HBG CEO Michael Pietsch credited a 6.3% growth in the fourth quarter with helping the company to "another solid year of revenue growth." Continue reading >> [ Source: Publishers Weekly | 2019-02-07 00:00:00 UTC ]
When Facebook's Campbell Brown addressed an auditorium full of magazine executives in New York Tuesday, she did not mince words: The social network is not here to save their businesses.Facebook's head of global news partnerships was addressing an audience of print media professionals at the... Continue reading >> [ Source: Advertising Age | 2019-02-06 00:00:00 UTC ]
Amazon's 2018 sales increased 31% to $232.9bn as the online giant revealed a record $72bn revenue for the fourth quarter, in its latest financial results. Continue reading >> [ Source: The Bookseller | 2019-02-02 00:00:00 UTC ]
It's that time of year again: TV networks and digital publishers will begin making their annual pitches to media buyers and marketers in an arms race to snag dollars for next season.Viacom-owned Nickelodeon will kick things off in March, followed by Hallmark Channel parent Crown Media.... Continue reading >> [ Source: Advertising Age | 2018-02-14 00:00:00 UTC ]
Amazon's shares jumped 6% after the retail giant posted its financial results for the fourth quarter, revealing it doubled profits made in the same period last year to $1.9bn (£1.34bn). Continue reading >> [ Source: The Bookseller | 2018-02-03 00:00:00 UTC ]
The emergence of digital audiobooks are a “potent source” of long term growth, the chief executive of HarperCollins’ parent company News Corp Robert Thomson has said. Continue reading >> [ Source: The Bookseller | 2017-08-12 00:00:00 UTC ]
Simon & Schuster saw global revenues fall by 10% to $209m (£167.05m) during the fourth quarter of 2016, according to results released by parent company the CBS Corporation. Continue reading >> [ Source: The Bookseller | 2017-02-17 00:00:00 UTC ]
Down by seven points in the third quarter, South Gate got its act together and rallied for a 59-48 victory over Los Angeles Roosevelt on Monday, improving to 8-0 in the Eastern League. David Mixon scored 11 of his 15 points in the fourth quarter. In the Western League, Fairfax got a scare but... Continue reading >> [ Source: Los Angeles Times | 2017-01-31 00:00:00 UTC ]
Sainsbury’s has revealed its book sales grew 7.5% year on year in the fourth quarter of 2016, The Bookseller can reveal, with its growth in total retail sales a more modest 0.8%. Continue reading >> [ Source: The Bookseller | 2017-01-23 00:00:00 UTC ]