The Independent is a calling card across the world, the paper's former owner, Tony O'Reilly, once told me. It was one of the major reasons he fought so hard to acquire the Indy and why he was prepared to lose so much money afterwards as its publisher.He understood that it was the title that gave the paper much of its global cachet. It also accounted, at least in part, for its initial sales success in Britain.Even if the paper's claim to independence was somewhat suspect - independence from what? - it cannot be denied that it championed liberal journalism. And O'Reilly, who disagreed with some of the output, did not interfere editorially.Gradually, however, its losses forced him to institute a continual round of cutbacks. Along the way, there were editorial innovations overseen by editor Simon Kelner, such as the format switch from broadsheet to compact, the poster-style front pages and the adoption of the "viewspaper" editorial approach.O'Reilly's single most devastating decision was to misread the onset of the digital revolution, which led to a disastrous delay in creating a worthwhile website. Meanwhile, despite occasional moments when it defied the industry's overall downward circulation trend, sales fell away. By the time O'Reilly's cash-strapped company, Independent News & Media, sold the Independent to Alexander Lebedev in March 2010, the paper was selling 184,000 (which included 53,000 bulks).Rightly, Lebedev and his team could see that hopes of reversing that... Continue reading at 'The Guardian'
[ The Guardian | 2014-01-17 00:00:00 UTC ]
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Global revenues at Penguin Random House fell slightly by 1.4% year on year in a "solid" six months to 30th June despite the impact of Covid-19, while parent company Bertelsmann saw group revenues tumble 8.9%. Continue reading at The Bookseller
[ The Bookseller | 2020-09-01 10:51:49 UTC ]
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Across the Irish Sea the books market has suffered as bookshops have been shuttered, falling by almost a third in value Continue reading at The Bookseller
[ The Bookseller | 2020-05-11 04:31:29 UTC ]
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Accounts show parent firm still spending an eighth of revenue dealing with phone hackingThe Sun recorded a loss of £68m last year amid falling print sales and the enormous cost of phone-hacking claims against its parent company from figures including Sir Elton John and Heather Mills.Rupert... Continue reading at The Guardian
[ The Guardian | 2020-02-23 15:59:03 UTC ]
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Sales of print books in the US fell by 1.3% in 2019 compared to the previous year, with 689.5 million sold. Continue reading at The Bookseller
[ The Bookseller | 2020-01-14 04:39:40 UTC ]
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French independent bookshops increased their sales by 7.1% last year, despite a 1.3% drop in December because of continuing yellow vest social protests and the start of transport and other strikes against national pension reform on 5th December, according to the Booksellers Observatory. Continue reading at The Bookseller
[ The Bookseller | 2020-01-12 12:12:56 UTC ]
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WH Smith has announced it is to buy US indie travel retailer Marshall Retail Group (MRG) for $400m. Continue reading at The Bookseller
[ The Bookseller | 2019-10-16 21:24:24 UTC ]
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Publishers hit by surprise 5.4% fall in 2018 – but warn against proclaiming terminal declineUK book sales fell for the first time in five years in 2018, despite the success of bestsellers such as Michelle Obama’s autobiography, Becoming.The UK publishing industry was hit by a surprise fall of... Continue reading at The Guardian
[ The Guardian | 2019-06-25 23:01:37 UTC ]
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Bookshops were just one sector of the French economy to suffer from the gilets jaunes (yellow vests) protests across France on five consecutive Saturdays between 17th November and 15th December. Continue reading at The Bookseller
[ The Bookseller | 2018-12-21 00:00:00 UTC ]
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Revenue at John Wiley & Sons fell 1% in the second quarter ended October 31, compared to the same period a year ago. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-12-05 00:00:00 UTC ]
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Publishing revenues declined 1.4% in the US in the first three quarters of the year, despite a rise in trade revenues of 4.4%, according to the Association of American Publishers. Continue reading at The Bookseller
[ The Bookseller | 2018-10-31 00:00:00 UTC ]
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Barnes & Noble Education reported that revenue in the first quarter, ended July 28, fell to $337.5 million, down from $355.7 million a year ago. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-08-22 00:00:00 UTC ]
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More than 500 bookstores participated in this year's Independent Bookstore Day, which took place across the U.S. this past Saturday, April 28. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-04-30 00:00:00 UTC ]
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Unit sales of print books in the week ended Apr. 8, 2018, were 8% lower than in the similar week in 2017 at outlets that report to NPD BookScan. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-04-13 00:00:00 UTC ]
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Egmont UK Ltd saw sales fall 1.4% to £50m in what it describes as a "tough economic environment" in 2017. Continue reading at The Bookseller
[ The Bookseller | 2018-04-06 00:00:00 UTC ]
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Scholastic second quarter results held no surprises: sales and earnings fell compared to a year ago due to the lack of a new Harry Potter title. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-12-13 00:00:00 UTC ]
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Rightwinger said his book – self-published after he was dropped by Simon & Schuster – had sold 100,000 copies, but data shows fewer than 20,000 salesRightwing controversialist Milo Yiannopoulos has branded reported low sales of his new book “fake news” after official figures revealed the... Continue reading at The Guardian
[ The Guardian | 2017-07-13 00:00:00 UTC ]
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The number of bookshops in Ireland has dropped by 30 in the past decade, new figures have revealed, but booksellers in the country are currently bullish about the future of physical retail. Continue reading at The Bookseller
[ The Bookseller | 2017-07-03 00:00:00 UTC ]
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The country's largest book chain said sales dropped 6.5% in the fiscal year, ended April 29. Barnes & Noble reported lower losses in its Nook division, however, which led to a jump in operating income. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-06-22 00:00:00 UTC ]
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Reports in Russia describe a 60-percent growth in ebook sales last year, and analysts say digital formats may grow at 30 to 50 percent for years to come. The post Russia’s Readers Raise the Digital Stakes Amid Falling Print Sales appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2017-05-22 00:00:00 UTC ]
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The effect of ebooks on sales of paper books has not been as drastic as expected – it seems that other, more unpredictable factors have a greater influence on how and what we readNielsen, which tracks book sales in several countries, released 2016 figures to coincide with this week’s London Book... Continue reading at The Guardian
[ The Guardian | 2017-03-18 00:00:00 UTC ]
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