'BBC warned George Osborne it would have to axe BBC2 and BBC4 due to cuts'

Corporation also said it would have to shut local radio stations if Treasury did not provide funds to offset the cost of free TV licences for over-75s, claims new bookThe BBC warned George Osborne it would have to close BBC2 and BBC4 if the government did not provide extra funds to offset the cost of free TV licences for the over-75s.The corporation told the chancellor that the £750m hole in its finances would also force it to cut all of its local radio stations and radio news for Scotland, Wales and Northern Ireland, according to a forthcoming book on the BBC. Related: BBC had to reassure Trust government will stick to licence fee promise Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2015-08-18 00:00:00 UTC ]
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Diamond Reveals New Payment Terms; Execs Take Pay Cut

Diamond Distributors founder Steve Geppi outlined the terms under which the distributor of comics, graphic novels, and prose books would resume payments to publishers and other vendors. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-07 04:00:00 UTC ]
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Folio: Calls For Entries in Annual Eddie and Ozzie Awards; Entries Due May 15

NEW YORK—Folio:, the publishing industry’s go-to source for news, business intelligence and peer-to-peer networking, is pleased to open entries for the annual Folio: Eddie & Ozzie Awards. The prestigious awards program celebrates excellence in content and design across the entire publishing... Continue reading at Folio Magazine

[ Folio Magazine | 2020-04-07 00:10:07 UTC ]
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Bustle Digital Group Lays Off Staff of The Outline as Part of Broader Cuts

Bustle Digital Group, owner of a portfolio of digital media properties including Bustle itself, says it laid off two dozen Continue reading at Editor & Publisher

[ Editor & Publisher | 2020-04-03 21:34:37 UTC ]
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Book Publication Date Changes Due to Covid-19 Pandemic

As part of our ongoing Covid-19 coverage, 'PW' is tracking book publication dates that are changing as a result of the pandemic. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-03 04:00:00 UTC ]
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Coronavirus Concerns Prompt Cost Cuts

The steady erosion of book sales is impacting all parts of publishing as the Covid-19 pandemic tightens its grip of the U.S. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-03 04:00:00 UTC ]
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Hay Festival goes digital after cancellation due to coronavirus

Hay Festival will hold its first fully digital edition following the cancellation of this year's main event. Continue reading at The Bookseller

[ The Bookseller | 2020-04-02 08:47:04 UTC ]
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Macmillan Lays Off Some Staff, Temporarily Cuts Some Salaries

Macmillan Publishers has laid off an undisclosed number of employees across all divisions, temporarily reduced pay for select employees, and implemented a hiring freeze, effective today. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-02 04:00:00 UTC ]
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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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‘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 ]
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‘Weird Al: Seriously’ gives a talented musician his due

Lily E. Hirsch makes a case that “Weird Al” Yankovich’s parodies deserve careful consideration. Continue reading at The Washington Post

[ The Washington Post | 2020-03-27 17:29:52 UTC ]
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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 ]
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BBC Arts launches Culture in Quarantine with Big Books Weekend

BBC Arts has launched Culture in Quarantine, a virtual arts festival “rooted in the experience of national lockdown”, with highlights including "The Big Book Weekend", co-founded by Kit de Waal and Molly Flatt. Continue reading at The Bookseller

[ The Bookseller | 2020-03-25 12:02:11 UTC ]
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Quarto 'pleased' to post 2019 profit, but pandemic forces cost-cutting measures

Quarto has posted a trading update for its 2019 results, saying it expects revenues to slip 9% to $135.8m (2018: $149.3m) but will be returning a profit of $2.9m.  Continue reading at The Bookseller

[ The Bookseller | 2020-03-25 02:44:11 UTC ]
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Libraries that close due to coronavirus should keep the Wi-Fi on, says ALA.

More and more public libraries are temporarily closing shop across the country to limit the spread of coronavirus, but their Wi-Fi can still be a valuable resource for communities, the American Library Association said Monday. Libraries that close should leave their Wi-Fi open to the public... Continue reading at Literrary Hub

[ Literrary Hub | 2020-03-23 18:01:46 UTC ]
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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 ]
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Waterstones and Blackwell's close all shops due to coronavirus concerns

Waterstones and Blackwell's have both announced today (Sunday 22nd March) that they will close all their physical bookshops on a temporary basis due to concerns over the spread of coronavirus.  Continue reading at The Bookseller

[ The Bookseller | 2020-03-21 18:23:19 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 ]
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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 ]
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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 ]
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YouTube’s Brandcast NewFront Will Shift to Digital-Only Due to Coronavirus Concerns

YouTube's Brandcast, an annual presentation for advertisers that is part of the Interactive Advertising Bureau's NewFronts in New York, will stream over YouTube instead of the traditional in-person event this year, the company said today. The news comes amid growing coronavirus concerns, which... Continue reading at AdWeek

[ AdWeek | 2020-03-11 16:37:06 UTC ]
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