Bloomsbury to issue shares and cut costs, anticipating sales hit

Bloomsbury is issuing new shares and implementing a raft of cash-saving measures to counter the impact of recent retail closures on its business, which in a "prudent downside scenario" the company estimated could see print revenues fall as much as 75%.  Continue reading at 'The Bookseller'

[ The Bookseller | 2020-04-17 01:14:48 UTC ]
News tagged with: #cut costs #bloomsbury

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Bloomsbury to issue shares and cut costs, anticipating sales hit

Bloomsbury is issuing new shares and implementing a raft of cash-saving measures to counter the impact of recent retail closures on its business, which in a "prudent downside scenario" the company estimated could see print revenues fall as much as 75%.  Continue reading at The Bookseller

[ The Bookseller | 2020-04-17 01:14:48 UTC ]
More news stories like this | News stories tagged with: #cut costs #bloomsbury


Taylor & Francis owner Informa issues shares as coronavirus hits business

Taylor & Francis owner Informa has launched an issue of shares worth 19.9% of its existing capital as the coronavirus pandemic hits its events business. Continue reading at The Bookseller

[ The Bookseller | 2020-04-15 15:21:35 UTC ]
More news stories like this | News stories tagged with: #existing capital #events business


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


PBS cuts "will hit sales"

Written By: Benedicte Page Publication Date: Mon, 18/04/2011 - 09:20 Poetry publishers have united en masse to demand the Arts Council overturn its decision to stop funding the Poetry Book Society, saying the demise of the organisation would lead to a "considerable loss of sales". A total of... Continue reading at The Bookseller

[ The Bookseller | 2011-04-18 00:00:00 UTC ]
More news stories like this | News stories tagged with: #chatto windus #dan franklin #jonathan cape #macmillan children


With Sarah J. Maas Sales Booming, Bloomsbury Ups Its Financial Forecast

As 'House of Flame and Shadow' hits number one in numerous markets around the world, publisher Bloomsbury predicts that total sales for the company will increase by 10% over last year. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-02-14 05:00:00 UTC ]
More news stories like this | News stories tagged with: #financial forecast #total sales #bloomsbury


Strong Trade Publishing Sales Drive Six-Month Gains at Bloomsbury

Sales were up 11% and profits increased 8% in the first half of the U.K.-based publisher's fiscal year. Sales in the U.S. were about $76 million, accounting for 46% of total revenue. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-10-26 04:00:00 UTC ]
More news stories like this | News stories tagged with: #-based publisher #fiscal year #total revenue #trade publishing


Costs Cut into Profits at Big Publishers

In the first half of 2023, publishers struggled to keep expenses down, with multiple companies citing higher costs as the major reason margins shrank in the first six months of 2023. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-09-01 04:00:00 UTC ]
More news stories like this | News stories tagged with: #big publishers #publishers struggled


Bloomsbury reports sales surge as people buy books as ‘affordable diversion’

Harry Potter publisher says in challenging economic times books are seen as cheap form of entertainmentBloomsbury Publishing, the home of Harry Potter, has revealed a rise in annual sales as it said people were turning to books as a cheap form of entertainment as finances were squeezed.Sales of... Continue reading at The Guardian

[ The Guardian | 2023-05-31 13:38:54 UTC ]
More news stories like this | News stories tagged with: #annual sales #bestselling children #latest work #crescent city #originally published #nielsen bookscan #children’s book #harry potter


Vice files for bankruptcy protection amid cut-price sale to consortium

Digital publisher and owner of Vice News and Vice TV was once valued at $6bn but has agreed sale for $225mVice, the once high-flying media startup that reached a peak valuation of nearly $6bn (£5bn), has filed for bankruptcy protection in the US as the digital publisher engineers a cut-price... Continue reading at The Guardian

[ The Guardian | 2023-05-15 09:23:50 UTC ]
More news stories like this | News stories tagged with: #vice news #vice tv #bankruptcy protection #$6bn 5bn #digital publisher


BuzzFeed News to be shuttered in corporate cost cutting move

Pulitzer Prize winning digital media outlet BuzzFeed News is being shut down as part of a cost-cutting drive by its corporate parent that's shedding about 15% of its entire staff Continue reading at ABC News

[ ABC News | 2023-04-20 23:02:36 UTC ]
More news stories like this | News stories tagged with: #buzzfeed news #corporate parent #digital media #pulitzer prize


Gannett Announces Widespread Cost-Cutting

The moves at the nation’s largest newspaper publisher include a week of mandatory unpaid leave and voluntary buyouts. Continue reading at The New York Times

[ The New York Times | 2022-10-12 21:51:53 UTC ]
More news stories like this | News stories tagged with: #voluntary buyouts


Publisher of USA Today, other papers axes staff to cut costs

Newspaper publisher Gannett Co. confirmed Friday that it’s laying off some of its newsroom staff as part of a cost-cutting effort to lower its expenses as its revenue crumbles amid a downturn in ad sales and customer subscriptions Continue reading at ABC News

[ ABC News | 2022-08-12 21:45:49 UTC ]
More news stories like this | News stories tagged with: #usa today #cut costs #newsroom staff #ad sales


College textbook maker Pearson eyes NFTs to claim a cut of second-hand sales

NFT advocates often tout the technology's ability to grant the creator a cut of second-hand sales as one of its major attributes. Artists can earn from one of their digital creations years after first selling it. Others are looking at NFTs to earn a buck from the secondary market too, including... Continue reading at Engadget

[ Engadget | 2022-08-03 20:10:20 UTC ]
More news stories like this | News stories tagged with: #second-hand sales #nft advocates #major attributes #secondary market #analogue world #makes sense #pearson


Harry Potter publisher Bloomsbury reports record sales amid reading boom

People who turned to books during Covid lockdowns continuing to buy them, company saysBloomsbury has reported a record year for sales, as the Harry Potter publisher said the increase in reading during the pandemic had become “permanent” after lockdowns eased.The company benefited substantially... Continue reading at The Guardian

[ The Guardian | 2022-06-15 08:09:40 UTC ]
More news stories like this | News stories tagged with: #record year #covid restrictions #harry potter #bloomsbury


Children's Institute 2022: Supply Chain Issues Hit Sidelines, Too

Sales of jigsaw puzzles and games remain strong sellers, along with art supplies more than two years into Covid. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-06-03 04:00:00 UTC ]
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W H Smith sales hit 85% of 2019 levels after good Christmas trading

W H Smith has reported a "good performance" for the 20-week period to 15th January 2022, with total group revenue at 85% of 2019 levels.  Continue reading at The Bookseller

[ The Bookseller | 2022-01-18 20:43:57 UTC ]
More news stories like this | News stories tagged with: #good performance #w h smith


Newton hails record first-half profits and sales at Bloomsbury

Bloomsbury has reported record sales of £100.7m in its interim half-year results with profit growth up by 220%, something c.e.o. Nigel Newton has attributed partly to continued lockdown reading habits and the “phenomenal” impact of TikTok.  Continue reading at The Bookseller

[ The Bookseller | 2021-10-27 14:20:32 UTC ]
More news stories like this | News stories tagged with: #profit growth #nigel newton #bloomsbury


Hitting the Books: How a radio telescope cost this West Virginia town its modernity

Deep in the heart of Appalachia, modern science and America's bucolic past meet at a unique crossroad of scientific discovery and luddite lifestyles. The Quiet Zone, by journalist Stephen Kurczy, is the story of a sleepy small town that hosts the Green Bank radio telescope. But the presence of... Continue reading at Engadget

[ Engadget | 2021-08-14 15:30:30 UTC ]
More news stories like this | News stories tagged with: #unique place #finally put #wildest dreams #harpercollins


How Magazine Publishers Are Cutting Print Costs to Improve Profits

From frequency changes and staff reorgs to automation and list cleanup, publishers are getting creative when it comes to ensuring long-term viability. The post How Magazine Publishers Are Cutting Print Costs to Improve Profits appeared first on Eddie & Ozzie Awards. Continue reading at Folio Magazine

[ Folio Magazine | 2021-08-02 17:04:10 UTC ]
More news stories like this | News stories tagged with: #magazine publishers #improve profits


How Magazine Publishers Are Cutting Print Costs to Improve Profits

Sponsored by Cummings Printing When it comes to improving profits at print magazines, there’s a tendency to focus on new ways of driving revenue. But while keeping a close eye on expenses can also have a significant impact on the bottom line, today’s environment often calls for a balancing... Continue reading at Folio Magazine

[ Folio Magazine | 2021-08-02 17:04:10 UTC ]
More news stories like this | News stories tagged with: #subscription side #tom harty #earnings call #core subscribers #shared stories #tech providers #niemeier prefers #limit contracts #custom publications #geographic regions #light customization #increasing productivity #multiple channels #magazine publisher