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 ]
News tagged with: #big publishers #publishers struggled

Other Publishing stories related to: 'Costs Cut into Profits at Big Publishers'

Amazon.com and 'Big Five' publishers accused of ebook price-fixing

Class action lawsuit filed in US claims the houses have colluded with the online giant to keep prices artificially highAmazon.com and the “Big Five” publishers – Penguin Random House, Hachette, HarperCollins, Macmillan and Simon & Schuster – have been accused of colluding to fix ebook... Continue reading at The Guardian

[ The Guardian | 2021-01-15 13:04:33 UTC ]
More news stories like this | News stories tagged with: #publishers accused #ebook price-fixing #online giant #simon schuster #law firm #district court #retail giant #retail platforms #ebooks #macmillan

Daily Mail publisher to cut up to 100 jobs as revenues fall

DMGT says quarterly print advertising down 69% and digital income down 17% The publisher of the Daily Mail, Mail on Sunday, the i and Metro is to cut up to 100 roles as the coronavirus pandemic continues to hammer the newspaper and magazine industry.Daily Mail & General Trust, which also... Continue reading at The Guardian

[ The Guardian | 2020-08-13 11:23:11 UTC ]
More news stories like this | News stories tagged with: #daily mail #magazine industry #making cuts #commercial operations #publishing arm

Some Big Publishers Find Ways to Cope

Cost cuts and higher sales of digital products have eased the impact of the Covid-19 on the bottom line for some publishers. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-08-07 04:00:00 UTC ]
More news stories like this | News stories tagged with: #cost cuts #higher sales #digital products #bottom line

Big Changes for Publishing in W3C

Changes are brewing at the International Digital Publishing Forum, which has been part of the Worldwide Web Consortium for the past three years. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-07-31 04:00:00 UTC ]
More news stories like this | News stories tagged with: #digital publishing

Publishers cut ties with David Starkey after 'abhorrent' comments

HarperCollins says it will no longer publish books by historian David Starkey and is reviewing his backlist, describing his recent comments on slavery as “abhorrent”. Vintage and Hodder & Stoughton have also said they will not publish further books from him. Continue reading at The Bookseller

[ The Bookseller | 2020-07-03 13:56:37 UTC ]
More news stories like this | News stories tagged with: #recent comments #hodder stoughton #hodder #harpercollins

Coronavirus Impact in Russia: Publisher Cites Up to 75-Percent Profit Loss

The Russian market's book publishing sector has been designated by the state as eligible for special financial support during the pandemic. The post Coronavirus Impact in Russia: Publisher Cites Up to 75-Percent Profit Loss appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2020-06-11 16:37:40 UTC ]
More news stories like this | News stories tagged with: #coronavirus impact #russian market #book publishing

The Sun and Times publisher warns of job cuts due to coronavirus

CEO of News UK, Rebekah Brooks, tells staff pandemic has hammered print sales and advertising revenueThe publisher of the Sun and the Times has warned of impending job losses as part of a major cost-cutting programme as the coronavirus pandemic hammers newspaper sales and advertising... Continue reading at The Guardian

[ The Guardian | 2020-06-11 12:06:20 UTC ]
More news stories like this | News stories tagged with: #news uk #rebekah brooks #advertising revenue #digital publishing #print sales

News Corp Australia to Cut ‘Up to a Third of Workforce’ in Move Towards Digital-Only Publishing

News Corp Australia is poised to cut hundreds of jobs as it moves towards digital-only publishing for many of its Continue reading at Editor & Publisher

[ Editor & Publisher | 2020-05-27 14:51:01 UTC ]
More news stories like this | News stories tagged with: #cut hundreds #news corp

News Corp to cut hundreds of jobs in move towards digital-only publishing

Publisher of the Australian, the Daily Telegraph and the Herald Sun is expected to stop publishing as many as 100 titles News Corp Australia is poised to cut hundreds of jobs as it moves towards digital-only publishing for many of its local and regional papers and more copy sharing among its... Continue reading at The Guardian

[ The Guardian | 2020-05-27 10:53:51 UTC ]
More news stories like this | News stories tagged with: #stop publishing #cut hundreds #daily telegraph #herald sun #regional papers #metropolitan mastheads #executive chairman #michael miller #news corp

Improved profits for Quarto, as it warns of costs of Covid-19

Quarto warns of lower trading as a result of Covid-19, but highlights improved profits in its latest full-year Continue reading at The Bookseller

[ The Bookseller | 2020-04-23 08:44:01 UTC ]
More news stories like this | News stories tagged with: #quarto

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

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 ]
More news stories like this | News stories tagged with: #book sales

‘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 ]
More news stories like this | News stories tagged with: #pay cuts #cost controls #digital publishers

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

Ronan Farrow Cuts Ties with Publisher Hachette Over Woody Allen Memoir

Ronan Farrow has cuts ties with publisher Hachette over their decision to publish Woody Allen's memoir. Continue reading at Book Riot

[ Book Riot | 2020-03-05 21:43:26 UTC ]
More news stories like this | News stories tagged with: #ronan farrow #publisher hachette

Coronavirus is affecting the Italian publishing industry in a big way.

There’s no bigger global news story right now than the slow but intractable spread of coronavirus, which has been hobbling the normal ebb and flow of everything from the stock market to cruises, theme parks and tourism. The virus has affected the publishing industry as well, and there’s perhaps... Continue reading at Literrary Hub

[ Literrary Hub | 2020-02-26 17:39:37 UTC ]
More news stories like this | News stories tagged with: #stock market #publishing industry

Publishers Have Big Aspirations to Further Diversify Their Revenue

Publishers will continue to look beyond their legacy business models in the coming years, and lean on technologies to not only improve their operations, but also their products. This idea was the thesis of a recent survey we conducted with a representative sample of leaders from across our... Continue reading at Folio Magazine

[ Folio Magazine | 2020-02-06 15:59:25 UTC ]
More news stories like this | News stories tagged with: #internship program #paul miller #separate entity—thenationfund #digital media #publishing companies

Publishers: Don’t Cut Corners on CCPA Compliance

The California Consumer Privacy Act is officially in effect, but many publishers and vendors still aren’t taking preparations seriously, as the Attorney General's office won’t begin enforcement for another six months. Some will take a last-minute, band-aid approach, doing the bare minimum to... Continue reading at Folio Magazine

[ Folio Magazine | 2020-01-21 16:05:21 UTC ]
More news stories like this | News stories tagged with: #technology companies #worst-case scenario #open internet #digital publishing

A Soft Third Quarter for Big Publishers

All four of the large publicly held trade publishers saw sales fall in the period. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-11-15 05:00:00 UTC ]
More news stories like this | News stories tagged with: #big publishers #sales fall

The 2019 Publishing Hot List: The Print and Digital Media Brands Paving a Way to Profitability

Media is dying? Don't tell that to the winners of this year's Publishing Hot List. Whether legacy media outlets or digital upstarts, these publishers are creating groundbreaking work, finding new revenue streams and otherwise nimbly adapting to an unstable landscape. Even as the president... Continue reading at AdWeek

[ AdWeek | 2019-10-21 00:00:55 UTC ]
More news stories like this | News stories tagged with: #revenue streams #daily basis #digital media