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 kicks off, when retailers can make up to 40% of their annual revenue."Our booksellers are prepared to welcome holiday shoppers and recommend thoughtful gift ideas for everyone on their list," said Michael P. Huseby, president of Barnes & Noble and CEO of Nook Media.The company has spent heavily on building up its Nook ebook reader and digital library, but it has scaled back amid tough competition from Amazon's Kindle and the Apple iPad. It has been reviewing its strategy since CEO William Lynch departed in June and the company did not name a replacement. It introduced a new non-tablet ebook reader, a $119 Nook GlowLight, for the holidays.Net income for the three months ended Oct. 26 totaled $13.2 million, or 15 cents per share. That compares with a loss of $501,000, or 7 cents per share, last year.Revenue fell 8% to $1.73 billion from $1.88 billion last year. Analysts expected a loss of 3 cents per share on revenue of $1.76 billion, according to FactSet.Revenue fell across all segments. Retail revenue fell nearly 8% to $921 million. College bookstore revenue fell 4.6% to $737.5 million and Nook revenue dropped 32% to $108.7 million.Shares fell 58 cents, or 3.5%, to $15.85 in... Continue reading at 'Crains New York'
[ Crains New York | 2013-11-26 00:00:00 UTC ]
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Local newspaper publisher, whose titles include the Eastern Daily Press and Ham & High, achieves 20% increase without cutting staffLocal newspaper publisher Archant is to pay its first dividend since 2012 after recording a 20% increase in profits to £9.6m in 2015.The Norwich-based publisher,... Continue reading at The Guardian
[ The Guardian | 2016-03-18 00:00:00 UTC ]
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Pearson reported that its share of adjusted operating profit from Penguin Random House rose 30% in 2015 over 2014, hitting 90 million pounds from 69 million pounds in 2014. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-02-26 00:00:00 UTC ]
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Property website Domain increases digital revenue by 37% and continues to prop up Fairfax’s overall profit as editorial restructure is announcedFairfax Media, publishers of the Age and the Sydney Morning Herald, have returned a net profit of $27.4m for the first half of the financial year... Continue reading at The Guardian
[ The Guardian | 2016-02-19 00:00:00 UTC ]
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An increase in operating efficiencies, higher backlist sales, and lower returns drove double-digit earnings increases. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-02-12 00:00:00 UTC ]
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Simon & Schuster finished 2015 with a $2 million increase in revenue over 2014, with operating income up 12.9% to $114 million. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-02-11 00:00:00 UTC ]
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Shares of News Corp., controlled by billionaire Rupert Murdoch, had a record decline after the publisher of the Wall Street Journal and New York Post reported fiscal second-quarter profit that missed analysts' estimates.Earnings, excluding some items, were 20 cents a share in the period ended... Continue reading at Advertising Age
[ Advertising Age | 2016-02-06 00:00:00 UTC ]
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The renowned author's digital publishing house, Pottermore, has retained a monopoly on the sale of Harry Potter ebooks and audio titles ever since its launch. But times they are a-changing, and the company's strategy is undergoing seismic shifts. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2016-01-29 00:00:00 UTC ]
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World’s biggest education publisher aims to make £350m in cost savings by the end of 2017Pearson is to cut 4,000 jobs after issuing its second profit warning in three months. The world’s biggest education publisher said it aimed for annual savings of £350m by the end of 2017 and it would end its... Continue reading at The Guardian
[ The Guardian | 2016-01-21 00:00:00 UTC ]
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Bestselling novelist Julian Barnes talks to Cathy Rentzenbrink about The Noise of Time, his first novel since his Man Booker Prize triumph. Continue reading at The Bookseller
[ The Bookseller | 2016-01-16 00:00:00 UTC ]
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"There is a neat parallel between the best way to design a systems landscape, and the best way to design a network of people." All ears? Me, too. Continue reading at The Bookseller
[ The Bookseller | 2016-01-14 00:00:00 UTC ]
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"These are things all professional writers should be paying attention to," writes Emma Barnes in the address she made at our inaugural Author Day. "Not just the words, but the way you work." Predictably, Barnes' comments were challenging for some. A certain proportion of attendees at any... Continue reading at The Bookseller
[ The Bookseller | 2015-12-30 00:00:00 UTC ]
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Memphis Grizzlies forward Matt Barnes was suspended for two games without pay by the NBA on Monday for his physical altercation with New York Knicks Coach Derek Fisher in October. Barnes confronted former Lakers teammate Fisher on Oct. 3 in Redondo Beach, the league announced in a release. The... Continue reading at Los Angeles Times
[ Los Angeles Times | 2015-12-28 00:00:00 UTC ]
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Gardners’ turnover and profit was down last year in a ‘competitive and challenging” market, but international sales at the company performed strongly. Continue reading at The Bookseller
[ The Bookseller | 2015-11-24 00:00:00 UTC ]
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Norwich-based regional publisher increases cover prices at 40 titles Three months after posting its first revenue and profit growth in eight years, regional newspaper publisher Archant has increased cover prices at most of its titles.In a message to the National Federation of Retail Newsagents... Continue reading at The Guardian
[ The Guardian | 2015-11-18 00:00:00 UTC ]
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'Tis but a scratch, of course. Still, writes Bibliolcloud and Snowbooks' Emma Barnes, certain problems in publishing begin to appear Grail-shaped to us. She's talking about such issues as accurate sales forecasting, reconciling statutory and management accounts, and knowing how profitable... Continue reading at The Bookseller
[ The Bookseller | 2015-10-28 00:00:00 UTC ]
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Education publisher, which is in the process of selling off the Financial Times, blames ‘challenging’ market as it suffers biggest share price fall since 1987Pearson suffered its biggest share slump in decades on Wednesday as the education publisher’s stock price crashed almost 16% after issuing... Continue reading at The Guardian
[ The Guardian | 2015-10-21 00:00:00 UTC ]
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When book publishers must compete with other media for readers' attention, publishers should have a clear vision for their business and titles. The post The Profit of Publishing with Purpose appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2015-10-15 00:00:00 UTC ]
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Company reports 6% rise in pre-tax profits as top executives paid more than £5mMarie Claire and NME publisher Time Inc UK boosted profits to almost £23m last year while paying out more than £5m to staff and top executives at the magazine company.Time Inc UK reported a 6% rise in pre-tax profits... Continue reading at The Guardian
[ The Guardian | 2015-10-14 00:00:00 UTC ]
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Hearst UK reports fall in pre-tax profits from £12.7m to £8.7mHearst UK, the publisher of titles including Men’s Health, Esquire and Cosmopolitan, saw pre-tax profits fall by more than 30% last year.Hearst UK reported a 31.5% fall in pre-tax profits from £12.7m to £8.7m in 2014. Continue reading... Continue reading at The Guardian
[ The Guardian | 2015-10-12 00:00:00 UTC ]
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Haynes Publishing Group saw an 11% revenue drop for the 12 months to end May 2015 at £26.1m, down from £29.3m the year before. Adjusted EBITDA at the car manuals publisher was down 20% to £8.7m (£10.9m in the year to end May 2014) while operating profit fell 35.5% to to £3.1m (from... Continue reading at The Bookseller
[ The Bookseller | 2015-09-25 00:00:00 UTC ]
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