BuzzFeed Said to Expect 2014 Sales of Up to $120 Million

BuzzFeed, 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 year, said one of the people, who asked not to be identified because the numbers are private. BuzzFeed has projected about $60 million in sales for 2013, according to another person familiar with the matter, indicating that revenue may double next year.The company, based in New York, has seen its Web traffic more than quadruple over the past year, vaulting it into the top ranks of news sites. BuzzFeed is now completing work on its 2014 budget and will soon present the numbers to the board, one of the people said. This year's revenue projection was raised from $40 million in the middle of 2013 because the startup was growing faster than expected, according to the person. Continue reading at AdAge.com Continue reading at 'Advertising Age'

[ Advertising Age | 2013-12-04 00:00:00 UTC ]
News tagged with: #online publisher #$60 million #web traffic #top ranks #$40 million #growing faster

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Quarto halts sale talks with mystery bidder

Quarto has terminated discussions with a potential bidder to acquire the company.  Continue reading at The Bookseller

[ The Bookseller | 2017-08-17 00:00:00 UTC ]
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Mashable Hires Bankers to Study Options Including Sale

Mashable is exploring strategic options including the sale of all or part of the online media company, according to people with knowledge of the matter.Mashable, founded in 2005, may draw interest from buyers in Europe and the U.S., said one of the people, who asked not to be identified... Continue reading at Advertising Age

[ Advertising Age | 2017-08-16 00:00:00 UTC ]
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Bookstore Sales Had Small Six-Month Gain

Bookstore sales increased 0.2% in the first half of 2017 over the comparable period in 2016, hitting $5.06 billion, according to estimates from the U.S. Census Bureau. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-08-15 00:00:00 UTC ]
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HarperCollins sales down 6% in fourth quarter

The emergence of digital audiobooks are a “potent source” of long term growth, the chief executive of HarperCollins’ parent company News Corp Robert Thomson has said. Continue reading at The Bookseller

[ The Bookseller | 2017-08-12 00:00:00 UTC ]
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Books Suffer from Potter Curse, Sales Tumble 17%

Unit sales of print books in the week ended Aug. 6, 2017, were down 17% from the similar week in 2016 at outlets that report to NPD BookScan. The decline was due entirely to the release last year at this time of J.K. Rowling’s Harry Potter and the Cursed Child, which sold about 2.5 million... Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-08-11 00:00:00 UTC ]
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NPD Top 10 Publishers Ranked by Print & Digital Unit Sales, 2016

In February, we ran a listing of the country’s largest publishers ranked by print units sold through outlets that report to NPD BookScan. While that approach has its limitations (it doesn’t include ebook sales or sales at outlets that don’t report to BookScan), it does provide a look at how the... Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-08-11 00:00:00 UTC ]
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Denver ad-tech company merges, expects to grow

Denver advertising technology company Altitude Digital has merged with Genesis Media, a New York City-based maker of analytics software for online publishers. The combined company will be based in New York City under the Genesis Media name, but it will keep the former Altitude Digital office in... Continue reading at Silicon Valley Business Journal

[ Silicon Valley Business Journal | 2017-08-11 00:00:00 UTC ]
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Northern Fiction Alliance members' sales boosted

Members of the Northern Fiction Alliance have said they have seen boosts in book and rights sales from being part of the coalition. Continue reading at The Bookseller

[ The Bookseller | 2017-08-10 00:00:00 UTC ]
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Amazon UK Services sales soar but corporation tax payments halve

Turnover at Amazon's UK Services arm soared past £1bn for the first time in 2016, accounts filed on Companies House have revealed. Continue reading at The Bookseller

[ The Bookseller | 2017-08-10 00:00:00 UTC ]
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Print and audio book sales boost S&S revenue

Sales at Simon & Schuster grew 10% in the second quarter of 2017, hitting $206 million (£158m). Continue reading at The Bookseller

[ The Bookseller | 2017-08-09 00:00:00 UTC ]
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S&S Has 10% Sales Gain in Q2

Second quarter revenue rose 10% at Simon & Schuster in the second quarter of 2017 over the comparable period in 2016, while earnings rose 8%. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-08-08 00:00:00 UTC ]
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S&S signs up to SoA's special sales rules

S&S UK has signed up to the Society of Authors seven-point plan to ensure special sales do not affect writers’ earnings or damage the publishing market. Continue reading at The Bookseller

[ The Bookseller | 2017-08-08 00:00:00 UTC ]
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B&N Education Buys Student Brands for $58.5 Million

Barnes & Noble Education has acquired Student Brands, a direct-to-student subscription-based writing skills service, for $58.5 million. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-08-07 00:00:00 UTC ]
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HMH Trade Sales Rose 9.8% in Q2

HMH attributed the improved financial performance to strong frontlist, ebook and backlist sales. The publisher touted, in particular, sales of 'The Handmaid's Tale,' in speaking to its solid backlist and ebook numbers. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-08-03 00:00:00 UTC ]
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Adult Trade, College Material Sales Up in Q1

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[ Publishers Weekly | 2017-08-01 00:00:00 UTC ]
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Sales of mind, body, spirit books boom in UK amid 'mindfulness mega-trend'

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[ The Guardian | 2017-07-31 00:00:00 UTC ]
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Beware the special sale

In an open letter, chief executive of the Society of Authors Nicola Solomon urges publishers to adhere to a seven-step plan to ensure that special sales do not damage authors’ earnings or lead to a cannibalisation of full-price editions. Continue reading at The Bookseller

[ The Bookseller | 2017-07-28 00:00:00 UTC ]
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Solomon calls for changes to special sales deals

The Society of Authors chief executive Nicola Solomon has called on publishers to adhere to a seven-step plan to ensure that special sales or “ultra-high” discounted sales do not damage authors’ overall earnings or the market for full-price sales. Continue reading at The Bookseller

[ The Bookseller | 2017-07-28 00:00:00 UTC ]
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Hachette Sales Up 5% in First Half of 2017

A strong performance by its Nashville-based imprints FaithWords and Center Street helped lift sales 5% at Hachette Book Group in the first half of 2017 over the comparable period in 2016. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-07-27 00:00:00 UTC ]
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