Amazon Suffers Major Earnings Drop in Q2

Increased investment led to a 51% decline in operating income in the second quarter of 2017 compared to the second quarter of 2016, Amazon reported Thursday afternoon. Continue reading at 'Publishers Weekly'

[ Publishers Weekly | 2017-07-27 00:00:00 UTC ]
News tagged with: #operating income

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Amazon is now taking a 30 percent cut of ad sales from Fire TV

Amazon is taking a bigger piece of ad sales on Fire TV, its connected TV devices, by requiring TV networks and digital publishers to hand over 30 percent of their commercial space for it to sell, according to new terms from the e-commerce giant.Until last month, Amazon let the publishers sell... Continue reading at Advertising Age

[ Advertising Age | 2018-11-20 00:00:00 UTC ]
More news stories like this | News stories tagged with: #ad inventory #ad sales #bigger piece #digital publishers #commercial space #e-commerce giant #ad revenue

B&N Cuts Q2 Losses as Comp Sales Improve

Barnes & Noble cut its operating loss in the second quarter ended October 27, 2018, to $26.8 million, down from $52.2 million a year ago. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-11-20 00:00:00 UTC ]
More news stories like this | News stories tagged with: #operating loss

Unit Sales Dropped 5.3% in Early November

Unit sales of print books fell 5.3% in the week ended Nov. 10, 2018, compared to the similar week in 2017, at outlets that report to NPD BookScan. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-11-16 00:00:00 UTC ]
More news stories like this | News stories tagged with: #early november

Amazon Picks NYC, Arlington, Va., as New HQ Sites

Amazon said it will begin hiring for its new headquarters in New York City and Arlington, Va., in 2019. The company is also opening a operations center in Nashville. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-11-13 00:00:00 UTC ]
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After Protest, Booksellers Are Victorious Against Amazon Subsidiary

Browsing through books at the New York Antiquarian Book Fair in 2013. Antiquarian booksellers this week protested a decision by the Amazon subsidiary AbeBooks to cut off stores in five countries. Continue reading at The New York Times

[ The New York Times | 2018-11-08 00:00:00 UTC ]
More news stories like this | News stories tagged with: #antiquarian booksellers #amazon subsidiary

Amazon May Split Second Headquarters

Speculation swirled yesterday that Amazon intends to select two sites for its second headquarters, splitting the new HQ2 between Crystal City, Virginia, and the Long Island City section of Queens, New York. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-11-06 00:00:00 UTC ]
More news stories like this | News stories tagged with: #amazon intends

PRH buys majority stake in Companhia das Letras

Penguin Random House has acquired majority ownership of Brazilian publishing house Companhia das Letras, in which it first acquired a 45% stake in 2012. Continue reading at The Bookseller

[ The Bookseller | 2018-11-01 00:00:00 UTC ]
More news stories like this | News stories tagged with: #45% stake

S&S Q3 Earnings Rise on Sales Gain

After completing another solid quarter, Simon & Schuster CEO Carolyn Reidy said that while business was soft in October because of distractions caused by the upcoming election, she believes sales will rebound after the midterm elections on November 6. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-11-01 00:00:00 UTC ]
More news stories like this | News stories tagged with: #solid quarter #midterm elections

Chancellor confirms cut to business rates, schedules 'Amazon tax' for 2020

The Chancellor Philip Hammond has confirmed a tax cut to business rates of one third for all retailers in England with a rateable value of £51,000 or less. The measure will last for the next two years, until the next re-evaluation of rateable values in 2021. Hammond told the House of Commons... Continue reading at The Bookseller

[ The Bookseller | 2018-10-30 00:00:00 UTC ]
More news stories like this | News stories tagged with: #business rates #amazon tax #independent shops

Foyle Foundation funds major survey into school libraries

The School Library Data Group (SLDG), a sub-group of the Great School Libraries Campaign, has received a grant from the Foyle Foundation to undertake a major survey of UK school library provision. Continue reading at The Bookseller

[ The Bookseller | 2018-10-24 00:00:00 UTC ]
More news stories like this | News stories tagged with: #school libraries #major survey

Amazon Profits Soar Again, Despite Disappointing Sales

Although sales rose 29% in the third quarter (ended September 30) over the comparable period a year ago, investors had expected more rapid growth. Still, profits jumped to $2.9 billion, up from earnings of $256 million a year ago. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-10-24 00:00:00 UTC ]
More news stories like this | News stories tagged with: #rapid growth #profits jumped #$256 million

PRH US merges two major divisions, Random House and Crown

PRH US has combined two of its adult publishing divisions, Random House and Crown, under the leadership of Gina Centrello, president and publisher of Random House (pictured). Crown president and publisher Maya Mavjee will leave the company at the end of the year. David Drake, executive vice... Continue reading at The Bookseller

[ The Bookseller | 2018-10-19 00:00:00 UTC ]
More news stories like this | News stories tagged with: #gina centrello #deputy publisher #random house #david drake

Amazon opens Manchester office, recruits 1,000 staff

Amazon is opening a new 90,000 sq ft corporate office in Manchester next year, for 600 fresh employees, along with boosting its development centres in Edinburgh and Cambridge. Continue reading at The Bookseller

[ The Bookseller | 2018-10-19 00:00:00 UTC ]
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Sales of dropped Man Booker longlistees outstrip finalists

Sales of the Man Booker Prize titles dropped at the longlist stage have signfiicantly outsold its shortlist, according to Nielsen Bookscan, with Belinda Bauer's Snap (Bantam) shifting almost three times the total of the entire shortlist's sales. Continue reading at The Bookseller

[ The Bookseller | 2018-10-17 00:00:00 UTC ]
More news stories like this | News stories tagged with: #longlist stage #nielsen bookscan #belinda bauer

EDC Q2 Profits Jump on Small Sales Gain

Educational Development Corp.’s rapid revenue growth stalled in the second quarter ended August 31, 2018, but the company still posted earnings growth of nearly 44%. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-10-16 00:00:00 UTC ]
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Hearst Mags Reveals Major Editorial and Business-Side Changes | People on the Move

[caption id="attachment_138663" align="alignright" width="150"] Jessica Pels[/caption] Hearst Magazines announced several changes to its editorial and leadership staff this week, including appointing Jessica Pels, most recently the digital director of Cosmopolitan.com,  as editor-in-chief of... Continue reading at Folio Magazine

[ Folio Magazine | 2018-10-12 00:00:00 UTC ]
More news stories like this | News stories tagged with: #condé nast

Decline in Fiction Leads to Drop in Total Units in First Week of October

Unit sales of print books fell 2.7% in the week ended Oct. 6, 2018, compared to the similar week in 2017, at outlets that report to NPD BookScan. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-10-12 00:00:00 UTC ]
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Amazon's luxurious Kindle Voyage e-reader is $105 off in this today-only refurbished deal

E-readers are a fantastic way to breeze through novels. It turns books into completely searchable documents that you can highlight, bookmark, and make notes on.  Amazon’s luxurious Kindle Voyage elevates the experience even more, and for today only, the online retailer is selling this front-lit... Continue reading at PC World

[ PC World | 2018-10-10 00:00:00 UTC ]
More news stories like this | News stories tagged with: #make notes #online retailer #ll pay

Amazon boosts its minimum wage in UK and US

Amazon has increased its minimum wage to £10.50 in the London area and £9.50 for the rest of the UK, whilst also raising all US wages. Continue reading at The Bookseller

[ The Bookseller | 2018-10-04 00:00:00 UTC ]
More news stories like this | News stories tagged with: #minimum wage

Scott Galloway: Amazon is 'beating up' on Google, Facebook and Apple

Scott Galloway's book "The Four" is about tech giants Google, Facebook, Apple and Amazon and how they pose a threat to just about every other business on the planet. But he's mulling a sequel, because he now thinks the first three need to fear the fourth."Amazon is beating up on the other three... Continue reading at Advertising Age

[ Advertising Age | 2018-10-04 00:00:00 UTC ]
More news stories like this | News stories tagged with: #media business #original content #job openings #entire company #largest spender