B&N Cuts Its Way to Profitability

If there were any doubts that the future of Barnes & Noble lay mainly in the sale of physical products, they were erased with the release of the company’s results for the fiscal year ended May 2, 2015. Continue reading at 'Publishers Weekly'

[ Publishers Weekly | 2015-06-26 00:00:00 UTC ]
News tagged with: #physical products

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Houghton Mifflin plans to cut hundreds of employees

Houghton Mifflin Harcourt Co., the Boston-based education publisher facing financial headwinds, said it plans to cut as much as 10 percent of its workforce in effort to save money, according to regulatory filing. With a total workforce of 4,500 workers as of the end of last year, the cuts could... Continue reading at Silicon Valley Business Journal

[ Silicon Valley Business Journal | 2017-04-20 00:00:00 UTC ]
More news stories like this | News stories tagged with: #save money #regulatory filing

In Face of NEA Cuts, Small Presses Worry About Their Futures

The elimination of the NEA, which is proposed in President Trump's just-released budget plan, could have a severe ripple effect on independent publishing, as hundreds of small presses depend on funding from the NEA to stay afloat. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-03-16 00:00:00 UTC ]
More news stories like this | News stories tagged with: #president trump #independent publishing #stay afloat

Librarians Vow to Fight Trump on Funding Cuts

In a statement, the American Library Association called Trump's proposal to effectively eliminate all federal library funding "counterproductive and short-sighted," and vowed to fight. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-03-16 00:00:00 UTC ]
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Profits Rose at Lagardere, HBG in 2016

Profits rose 5.0% at Lagardere Publishing in 2106 over 2015, helped by strict cost controls at Hachette Book Group USA which integrated the publishing arm of Perseus Books Group during the year. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-03-08 00:00:00 UTC ]
More news stories like this | News stories tagged with: #lagardere publishing #profits rose #publishing arm

Creative Access to continue as non-profit social enterprise

Creative Access is to operate as a not-for-profit social enterprise from this month as a result of having its funding withdrawn from the government. Continue reading at The Bookseller

[ The Bookseller | 2017-03-08 00:00:00 UTC ]
More news stories like this | News stories tagged with: #creative access #funding withdrawn

Weekly E-Ranking: Backstabber cuts to the top

Kimberley Chambers’ Backstabber cut through the competition to top the Weekly E-Book Ranking in the same week that it scored the crime author her best first-week sale in hardback. Continue reading at The Bookseller

[ The Bookseller | 2017-02-25 00:00:00 UTC ]
More news stories like this | News stories tagged with: #kimberley chambers #crime author #first-week sale

PRH Gives Pearson Profit of 129 Million Euros

Despite a decline in sales at Penguin Random House in 2016, the world's largest trade publisher delivered 129 million euros in operating profit to its parent company, Pearson. The sum marks a 43% increase over its profit contribution from 2015. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-02-24 00:00:00 UTC ]
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Elsevier profits up 3% despite 'steeper' print declines

Elsevier marginally increased its sales and profits in 2016, in spite of what it described as "steeper declines" for print books sales than in recent years, "reflecting market conditions". Continue reading at The Bookseller

[ The Bookseller | 2017-02-24 00:00:00 UTC ]
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Women’s Wear Daily Scales Back Print Editions and Cuts Staff

Women's Wear Daily, the so-called "bible of fashion," will be altering its print schedule for the second time in two years and letting go of several staffers. WWD confirmed to Adweek that it will cease publishing regular, weekly print editions and instead print only special editions. "We will... Continue reading at AdWeek

[ AdWeek | 2017-02-24 00:00:00 UTC ]
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Fairfax Media announces half-year profit and plan to keep printing newspapers

Greg Hywood says company will keep printing Sydney Morning Herald and the Age ‘for some years yet’ and may spin off Domain real estate business Fairfax Media will continue to print its daily newspapers for several years, its chief executive, Greg Hywood, confirmed at the company’s results... Continue reading at The Guardian

[ The Guardian | 2017-02-22 00:00:00 UTC ]
More news stories like this | News stories tagged with: #daily newspapers #financial year

Bruce Springsteen helps S&S UK profits increase

Simon & Schuster UK saw a marginal boost to profits in 2016, driven by Bruce Springsteen’s Born To Run and its children’s division. Continue reading at The Bookseller

[ The Bookseller | 2017-02-18 00:00:00 UTC ]
More news stories like this | News stories tagged with: #bruce springsteen

Graeme Macrae Burnet backs campaign against Scottish library cuts

Man Booker shortlisted author Graeme Macrae Burnet has backed a national campaign against Scottish library cuts, launching today (14th February). Continue reading at The Bookseller

[ The Bookseller | 2017-02-15 00:00:00 UTC ]
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Sales Slipped, Profits Rose in 2016 at S&S

Revenue for the year at Simon & Schuster was $767 million, down 1.8% from 2015. Operating income increased 4.4%, to $119 million. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-02-15 00:00:00 UTC ]
More news stories like this | News stories tagged with: #sales slipped #profits rose #simon schuster

HarperCollins quarterly global profits up 32%

Higher sales have pushed profits at HarperCollins globally up 32% in the second quarter of fiscal 2017, compared to the same period in fiscal 2016. Continue reading at The Bookseller

[ The Bookseller | 2017-02-11 00:00:00 UTC ]
More news stories like this | News stories tagged with: #higher sales

Profits Jump at HarperCollins

Second quarter earnings rose 32% at HarperCollins,to $75 million, on a revenue gain of 4%. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-02-09 00:00:00 UTC ]
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'New York Times' Cuts a Range of Bestseller Lists

As part of its effort to revamp its coverage of publishing, the 'New York Times' has eliminated a number of bestsellers lists, among them graphic novels/manga and mass market paperback lists. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-01-26 00:00:00 UTC ]
More news stories like this | News stories tagged with: #bestseller lists #bestsellers lists

Snapchat Is Trying to Get Publishers to Cut Back on Racy and Misleading Content

Snapchat Discover is one of today's hottest sources of news, but it's possibly ... too hot? With an expected IPO just months away, Snapchat wants to start cleaning up Discover's often racy content—created by a select group of publishers including Daily Mail, Cosmopolitan and MTV—by moving away... Continue reading at AdWeek

[ AdWeek | 2017-01-24 00:00:00 UTC ]
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Reported Trump Spending Cuts Would Kill NEH, NEA

In an effort to shrink federal bureaucracy by cutting spending, President-elect Donald Trump and his administration reportedly intend to eliminate the National Endowments for the Humanities and the Arts. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-01-19 00:00:00 UTC ]
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Pearson profit warnings wipe almost £2bn off its value

Education giant plans sale of stake in Penguin Random House to Bertelsmann as it cuts payout to shareholdersAlmost £2bn was wiped from the stock market value of Pearson after the beleaguered FTSE 100 company issued profit warnings for the next two years and said it would cut its payout to... Continue reading at The Guardian

[ The Guardian | 2017-01-18 00:00:00 UTC ]
More news stories like this | News stories tagged with: #47% stake #pearson chief #stock market #profits warnings #redundancy fears