BuzzFeed cuts projected revenue by half after missing 2015 financial target

The digital media company is ‘very comfortable’, it told the Financial Times, despite a report that internal financial targets were missed by over $80mBuzzFeed missed internal financial targets in 2015 and had to substantially cut its projected revenue by about half according to a report published by the Financial Times on Tuesday. According to the FT, the company has been forced to cut its 2016 revenue target from $500m to $250m after missing its 2015 target by more than $80m. The company reportedly projected revenues of $250m in 2015 but generated less than $170m. Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2016-04-13 00:00:00 UTC ]
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'Solid' Quarto half-year revenues rise 1%

The chief executive of The Quarto Group, Marcus Leaver, said the company achieved a “solid” set of results in the first half of the year, with revenues rising 1% compared to the same period a year earlier. For the six months ending 30th June 2015, revenues totalled $66.2m (£42.4m), 1% higher... Continue reading at The Bookseller

[ The Bookseller | 2015-08-14 00:00:00 UTC ]
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Quarto 'On Track' in First Half of 2015

Revenue at the Quarto Group rose from $65.6 million in the first half of 2014 to $66.2 million on the first six months of the current year, but its pre-tax loss increased to $1.9 million from $600,000 last year. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-08-13 00:00:00 UTC ]
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Unit Sales Inched Up in First Half of 2015

Sales of print books for the first six months of 2015 were running just about even with the same period in 2014 at outlets that report to Nielsen BookScan. Units inched up 0.3% in the period, to more than 286 million. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-07-03 00:00:00 UTC ]
More news stories like this | News stories tagged with: #print books #nielsen bookscan

Fewer print magazines, digital-only titles launched in first half of 2015

In the first half of 2015, 52 print magazines launched and 21 shut down, and—in a demonstration of the volatility of print media and the willingness of publishers to throw titles against the... To view the full story, click the title link. Continue reading at Crains New York

[ Crains New York | 2015-06-30 00:00:00 UTC ]
More news stories like this | News stories tagged with: #print media

Expertise on Display: Projects Showcase: Digital Solutions in India 2015

Convoluted RFPs (request for proposals), complex NDA (non-disclosure agreements), abstract briefings and impossible deadlines are nothing new to India-based vendors. In fact, they thrive on the difficult and challenging, as shown by the following projects (or abbreviated case studies) that fully... Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-04-27 00:00:00 UTC ]
More news stories like this | News stories tagged with: #projects showcase #digital solutions #india-based vendors #unique solutions

Wiley half-year revenue up 5%

John Wiley & Sons has reported a 6% rise year-on-year in second quarter revenue to $477m, due to growth in its Research and Education divisions, up 5% and 3% respectively, as well as to contributions from its recent acquisitions CrossKnowledge and Profiles International. Continue reading at The Bookseller

[ The Bookseller | 2014-12-11 00:00:00 UTC ]
More news stories like this | News stories tagged with: #quarter revenue

Remote e-lending pilot project reveals half-year trends

Remote ebook lending in libraries leads to a "significant" increase in borrowing, but not to an increase in book buying, according to interim trends noted at the six-month stage of a year-long pilot project. Continue reading at The Bookseller

[ The Bookseller | 2014-11-25 00:00:00 UTC ]
More news stories like this | News stories tagged with: #book buying

First-half revenue and profit fall at Bloomsbury

Bloomsbury has seen a fall in revenue and profits for the first half of 2014, with the adult publishing division down following a strong performance in the previous year. For the six months ending 31st August 2014, the publisher had turnover of £46.6m, down 5% from £49.2m in the same period in... Continue reading at The Bookseller

[ The Bookseller | 2014-10-24 00:00:00 UTC ]
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Pearson targets literacy with five-year project

Pearson is launching a five-year project on literacy by inviting people to contribute tips on... Continue reading at The Bookseller

[ The Bookseller | 2014-09-22 00:00:00 UTC ]
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PRH first-half revenues at €1.5bn

Penguin Random House worldwide generated revenues of €1.5bn (£1.2bn) in the six months... Continue reading at The Bookseller

[ The Bookseller | 2014-08-29 00:00:00 UTC ]
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Pearson Cutting 4,000 Jobs as First-Half Sales Decline

Pearson Plc (PSON), the publisher of the Financial Times, said today it will have cut a total of about 4,000 jobs in the two years through 2014 and reported a sales decline of 6.5 percent for the first half. The cuts are equivalent to about 10 perc ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2014-07-25 00:00:00 UTC ]
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Time Inc. Eyes Candidates for Chief Revenue Officer, Mulls Cost-Cutting Options

You might think December would be the calm before the storm at Time Inc., which is, to say the least, expecting an eventful 2014. But CEO Joe Ripp is busy this month too.The company, which publishes magazines including People and Sports Illustrated, is slated to spin off from parent Time Warner... Continue reading at Advertising Age

[ Advertising Age | 2013-12-18 00:00:00 UTC ]
More news stories like this | News stories tagged with: #people familiar #sports illustrated #recently interviewed

BuzzFeed to forecast 2014 revenue of up to $120M

BuzzFeed Inc., the online publisher of news, lists and quizzes that are designed to be shared on social media, is forecasting revenue of as much as $120 million in 2014, said two people with knowledge of its financials.The sales level will depend on how many advertising deals are booked next... Continue reading at Crains New York

[ Crains New York | 2013-12-04 00:00:00 UTC ]
More news stories like this | News stories tagged with: #early days #editorial staff #hearst corp

Mail Online targets £60m revenues in 2014

Publisher aims to continue 2013's 50% growth to hit point at which website's income would exceed newspapers' declineMail Online has set a target of making more than £60m in revenues in 2014, with executives saying it is close to more than offsetting revenue declines at the Daily Mail and Mail on... Continue reading at The Guardian

[ The Guardian | 2013-11-21 00:00:00 UTC ]
More news stories like this | News stories tagged with: #tipping point #print newspapers #newspaper operations

Conde Nast Traveler Said to Cut Half of Editorial Staff

Conde Nast Traveler, the glossy travel magazine from Conde Nast, has eliminated about 14 editorial positions, more than half its staff, according to two people with direct knowledge of the matter.The job cuts include five editors, the entire photo desk and the the graphics department, according... Continue reading at Advertising Age

[ Advertising Age | 2013-09-26 00:00:00 UTC ]
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Quarto looks to cut debt after 2012 revenue fall

Quarto has revealed plans to cut debt by divesting of businesses "detracting from... Continue reading at The Bookseller

[ The Bookseller | 2013-03-12 00:00:00 UTC ]
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Kensal Rise Library campaigners half-way to fundraising target

Campaigners trying to create a community library in Kensal Rise have raised nearly half the money... Continue reading at The Bookseller

[ The Bookseller | 2012-08-20 00:00:00 UTC ]
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Amazon Expected to Cut Kindle Fire Orders in Half as New iPad Looms

Sources from Amazon's supply chain in the Far East indicated to DigiTimes that Kindle Fire orders with original device manufacturers are expected to be just 3 million units this quarter. That's half the 6 million units Amazon reportedly shipp ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2012-01-20 00:00:00 UTC ]
More news stories like this | News stories tagged with: #supply chain