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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Half Price Books Cuts Workforce By More Than 2,000

Half Price Books has laid off or furloughed 2,146 people, representing 78% of its workforce of 2,752. The company operates 126 stores in 17 states, all of which are closed. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-02 04:00:00 UTC ]
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Independent and Profitable, Digital Trends Aims to Redefine Tech Media

Asked whether, back in 2006, he could have possibly envisioned that the tech review blog he co-founded, using rented office space above an Oregon furniture store, would one day grow into a profitable digital media enterprise spanning three offices on two coasts and attracting talent from the... Continue reading at Folio Magazine

[ Folio Magazine | 2020-03-31 17:01:10 UTC ]
More news stories like this | News stories tagged with: #sponsorship opportunities #significant portion #major shift #united nations #digital media


‘Everyone feels the pain’: Major digital publishers enact pay and benefits cuts to stanch the bleeding

Several publishers have begun announcing their pay cuts and furlough plans as ad revenue continues drying up. Seeing patterns from previous recessions, former media execs explain why these cost controls are only temporary fixes. The post ‘Everyone feels the pain’: Major digital publishers enact... Continue reading at Digiday

[ Digiday | 2020-03-31 04:01:00 UTC ]
More news stories like this | News stories tagged with: #pay cuts #cost controls #digital publishers


Informa bosses to take major salary cuts during coronavirus period

At Informa, parent company of Taylor & Francis, top bosses are to take salary cuts "through the current period of uncertainty created by Covid-19", the company has announced. Continue reading at The Bookseller

[ The Bookseller | 2020-03-27 06:47:25 UTC ]
More news stories like this | News stories tagged with: #taylor francis #salary cuts #current period


PRH increases revenues and profits 6.2% for 2019, with 'strong' performance in UK

Penguin Random House increased both its revenues and profits in 2019, according to parent company Bertelsmann, which said it would continue to expand the publisher’s businesses including through acquisition. Continue reading at The Bookseller

[ The Bookseller | 2020-03-23 21:48:47 UTC ]
More news stories like this | News stories tagged with: #penguin random house


Pearson warns Covid-19 will hit profits and pauses share buyback

Pearson has warned its profits will be hit, and paused its share buyback, after the Covid-19 pandemic closed testing centres and saw US state assessments postponed or waived.  Continue reading at The Bookseller

[ The Bookseller | 2020-03-22 23:25:19 UTC ]
More news stories like this | News stories tagged with: #pearson


Barnes & Noble warns of potential cuts if stores close due to coronavirus

Barnes & Noble boss James Daunt has sent a letter to staff warning of potential lay offs if stores are closed due to the coronavirus. Continue reading at The Bookseller

[ The Bookseller | 2020-03-20 01:04:03 UTC ]
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Scholastic moves to cut costs as it anticipates coronavirus impact

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 at The Bookseller

[ The Bookseller | 2020-03-19 15:51:43 UTC ]
More news stories like this | News stories tagged with: #cut costs #scholastic corporation #fourth quarter #scholastic


Wildfire cuts 'major' world rights deal for The Persians

Wildfire has acquired an authoratative and accessible narrative history, The Persians, by Lloyd Llewellyn-Jones in a "major" deal.  Continue reading at The Bookseller

[ The Bookseller | 2020-03-13 12:24:56 UTC ]
More news stories like this | News stories tagged with: #world rights


W H Smith issues £40m profit warning as coronavirus hits travel business

W H Smith has warned the impact of the coronavirus outbreak could cut its profit by up to £40m as the pandemic hits its Travel business.  Continue reading at The Bookseller

[ The Bookseller | 2020-03-12 09:57:11 UTC ]
More news stories like this | News stories tagged with: #coronavirus outbreak #pandemic hits #travel business #w h smith


Life after Facebook: How Brit + Co became profitable after seeing Facebook traffic plummet

After taking a hit with the rest of the digital media industry during the Facebook and Google advertising duopoly, founder Brit Morin is taking a more hands-on and themed approach to creating the site's content to ready the brand for a comeback. The post Life after Facebook: How Brit + Co became... Continue reading at Digiday

[ Digiday | 2020-03-09 04:00:06 UTC ]
More news stories like this | News stories tagged with: #post life #brit + #digital media


Ronan Farrow Cuts Ties with Publisher Hachette Over Woody Allen Memoir

Ronan Farrow has cuts ties with publisher Hachette over their decision to publish Woody Allen's memoir. Continue reading at Book Riot

[ Book Riot | 2020-03-05 21:43:26 UTC ]
More news stories like this | News stories tagged with: #ronan farrow #publisher hachette


Profit up for Bonnier Group

The Bonnier Group has delivered a 35% increase in operating profit in its latest accounts.  Continue reading at The Bookseller

[ The Bookseller | 2020-03-04 10:21:24 UTC ]
More news stories like this | News stories tagged with: #operating profit #bonnier group #35% increase #bonnier


Pearson Earned £65 Million In Profits from Its PRH Stake in 2019

Pearson’s 25% stake in Penguin Random House earned the company £65 million in operating profit in 2019. Pearson has sold its 25% share of PRH to Bertelsmann in a deal expected to generated net proceeds of $675 million when the transaction closes. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-02-21 05:00:00 UTC ]
More news stories like this | News stories tagged with: #bertelsmann #pearson #penguin random house


Pearson forecasts lower 2020 profits

Pearson has has said it expects profit to fall in 2020, in its latest annual report. Continue reading at The Bookseller

[ The Bookseller | 2020-02-20 19:43:44 UTC ]
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Publishers: Don’t Cut Corners on CCPA Compliance

The California Consumer Privacy Act is officially in effect, but many publishers and vendors still aren’t taking preparations seriously, as the Attorney General's office won’t begin enforcement for another six months. Some will take a last-minute, band-aid approach, doing the bare minimum to... Continue reading at Folio Magazine

[ Folio Magazine | 2020-01-21 16:05:21 UTC ]
More news stories like this | News stories tagged with: #technology companies #worst-case scenario #open internet #digital publishing


Edward Snowden’s profits from memoir must go to US government, judge rules

Court says state is entitled to any profits from Permanent Record because its publication breached non-disclosure agreementsEdward Snowden is not entitled to the profits from his memoir Permanent Record, and any money made must go to the US government, a judge has ruled.Permanent Record, in... Continue reading at The Guardian

[ The Guardian | 2019-12-20 13:20:57 UTC ]
More news stories like this | News stories tagged with: #pre-publication review #judge rules #edward snowden #permanent record #money made #mass surveillance #non-disclosure agreements #good faith #memoir


Johnson to pledge to cut business rates in bid to revive high street

The government will announce cuts to business rates in the Queen’s Speech today (19th December) in a bid to revive the high street. Continue reading at The Bookseller

[ The Bookseller | 2019-12-19 04:26:38 UTC ]
More news stories like this | News stories tagged with: #business rates #high street


Gannett: ‘Frontline’ reporting jobs will be last to get cut

Newspaper chain GateHouse and USA Today publisher Gannett recently combined to become the largest newspaper publisher in the U Continue reading at ABC News

[ ABC News | 2019-12-08 16:55:55 UTC ]
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Dover Cutting Jobs as Part of Restructuring

Dover's decision to restructure its frontlist is being accompanied by layoffs that parent company LSC Communications said are needed to align its costs structure. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-11-12 05:00:00 UTC ]
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