Barnes & Noble Inc. said Tuesday that its fiscal third-quarter net income fell 14%, as rising costs offset higher sales. The company also said it will introduce a cheaper Nook Tablet.In its latest salvo in the tablet competition Amazon.com, Barnes & Noble said it will sell a Nook Tablet device with 8 gigabytes of memory for $199. Its current 16 gigabytes device sells for $249. Amazon.com's Kindle Fire also has 8 gigabytes and sells for $199. In addition, Barnes & Noble cut the price of the Nook Color to $169 from $199. It has fewer tablet-like features than the Nook Tablet.New York-based Barnes & Noble has been investing heavily in its Nook business. Revenue from Nook e-readers and its digital catalog rose 38% to $542 million. That includes the actual selling prices for ebooks, rather than the commission received on selling them, as well as all deferred e-reader device revenue. The company estimates it has a 27% to 30% share of the U.S. ebook market.Traditional book sales rose 4% in the quarter. It was the first holiday season that Barnes & Noble did not have competition from Borders, a major rival that liquidated last year.Barnes & Noble has been shifting store inventory away from books toward games and toys and other gift items. That strategy seems to be paying off.Revenue in stores open at least one year rose 2.8%. The measure is a key indicator of a retailer's financial health because it excludes stores that opened or closed during the year."In... Continue reading at 'Crains New York'
[ Crains New York | 2012-02-21 00:00:00 UTC ]
Amazon saw a 23% rise in sales in the third quarter (ending September 30th) to $25.4bn ($20.6bn in third quarter 2014). Net income stood at $79m in the third quarter, compared to a loss of $437m in the same period in 2014. The results follow a profitable second quarter of the year. Amazon is... Continue reading at The Bookseller
[ The Bookseller | 2015-10-24 00:00:00 UTC ]
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Big online publishers have a message for marketers: Stop putting so much faith in technology and realize that we're the only ones you can trust.This argument runs counter to one of the core principles of online advertising. For several years now, the advertising industry has been increasingly... Continue reading at Advertising Age
[ Advertising Age | 2015-10-01 00:00:00 UTC ]
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McGraw-Hill Global Education had net income of $3.8 million last year compared to a loss of $89.4 million in 2013. Sales rose 4%. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-04-07 00:00:00 UTC ]
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Revenue in the publishing division of Salem Media Group more than doubled in 2014, to $26.8 million, thanks, in large part, to the 2014 acquisition of Eagle Publishing, parent company of Regnery Publishing. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-03-11 00:00:00 UTC ]
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Houghton Mifflin Harcourt’s trade division sales fell 4% in 2014 and it had a $2.9 million net loss in 2014 compared to net income of $6.5 million in 2013. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-02-26 00:00:00 UTC ]
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For the full year, sales increased 20% to $88.99 billion at Amazon, but the company had a net loss in the year of $241 million compared with net income of $274 million in 2013. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-01-29 00:00:00 UTC ]
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Fueled by new ad formats and acquisitions from Facebook, Twitter and brands, mobile marketing finally began to step up to its potential this year. From messaging and video to ultra-targeted ads and simplified shopping, smartphones and tablets became a major focus for most digital brands players... Continue reading at AdWeek
[ AdWeek | 2014-12-30 00:00:00 UTC ]
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Net income at Amazon rose nearly 32% in the first quarter of 2014, to $108 million, compared to the same period in 2013 and revenue increased 23%, to $19.74 billion. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-04-24 00:00:00 UTC ]
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For the third quarter ended January 31, 2014, net income at John Wiley & Sons fell 8%, to $52.5 million, on a 3% decline in revenue, to $458 million. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-03-11 00:00:00 UTC ]
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For legitimate online publishers that rely on display on advertising, it's getting increasingly difficult to make ends meet. That's thanks in large part to long-tail sites that have learned to game the online ad system, and the ad tech middlemen that help them do it.The post Is this the worst... Continue reading at Digiday
[ Digiday | 2014-02-28 00:00:00 UTC ]
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21st Century Fox on Friday announced it would take a controlling stake in YES Network, upping its of Yankees Entertainment and Sports (YES) Network, raising its ownership position in the RSN to 80 percent. The media conglomerate originally assumed a 49 percent stake in YES in November 2012,... Continue reading at AdWeek
[ AdWeek | 2014-01-25 00:00:00 UTC ]
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First quarter sales for the period ended December 28 at Courier Corp. rose 12%, to $72.8 million, and net income was up 9%. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-01-22 00:00:00 UTC ]
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Barnes & Noble returned to a profit in the fiscal second quarter as it invested less in its Nook ebook reader and cost cuts offset lower sales.Its sales missed expectations, however, and its shares dropped more than 3% in premarket trading. The report comes as the crucial holiday season... Continue reading at Crains New York
[ Crains New York | 2013-11-26 00:00:00 UTC ]
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News Corp., the publishing company that owns The Wall Street Journal, reported $506 million in net income for the fiscal year ended June 30, the last year before its split from Rupert Murdoch's entertainment operations.The profit, which amounted to 87 cents a share, compared with a loss of $2.08... Continue reading at Crains New York
[ Crains New York | 2013-09-21 00:00:00 UTC ]
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Rupert Murdoch's News Corp has swung to a loss partly due to the weakness of its publishing business, which includes newspapers like the Times and the Sun. The fourth quarter net loss was $1.6bn (£1bn) compared with a net income of $6 ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2012-08-08 00:00:00 UTC ]
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Tech giant Apple reported a net income of $11.6 billion during the second fiscal quarter of 2012, up from $5.9 billion during the same period in 2011. However, international sales represent 64 percent of Apple’s quarterly revenue. Continue reading at Folio Magazine
[ Folio Magazine | 2012-04-26 00:00:00 UTC ]
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Barnes & Noble Inc. said Tuesday that its fiscal third-quarter net income fell 14%, as rising costs offset higher sales. The company also said it will introduce a cheaper Nook Tablet.In its latest salvo in the tablet competition Amazon.com, Barnes & Noble said it will sell a Nook Tablet... Continue reading at Crains New York
[ Crains New York | 2012-02-21 00:00:00 UTC ]
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Publication Date: Thu, 12/05/2011 - 09:30 Lonely Planet is to move some operations to London at the same time as making 70 staff redundant in Australia. Staff at the Lonely Planet office in Melbourne have been told a large part of the company's web operations are moving to the UK following... Continue reading at The Bookseller
[ The Bookseller | 2011-05-12 00:00:00 UTC ]
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Publication Date: Thu, 12/05/2011 - 09:30 Lonely Planet is to move some operations to London at the same time as making 70 staff redundant in Australia. Staff at the Lonely Planet office in Melbourne have been told a large part of the company's web operations are moving to the UK following... Continue reading at The Bookseller
[ The Bookseller | 2011-05-12 00:00:00 UTC ]
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