Daily Mail Warns of 'Year of Transition' for Its Business

Shares in Daily Mail & General Trust slumped the most since 2001 after giving investors news they didn't want to hear: 2018 will essentially be a lost year.The publisher of the Daily Mail newspaper said fiscal 2018 will be a "year of transition," warning of weakness across its businesses, a higher tax rate and a hit from asset sales. The stock fell as much as 29 percent Thursday, the most since the Sept. 11 attacks, when the company's trade publishing business suffered losses from canceled New York events.The plunge shows some investors are losing patience with the company's delays in delivering a turnaround, a little over a year after CEO Paul Zwillenberg took over. Panmure Gordon & Co. berated the company for what it called "arguably the fifth transitional year in a row," highlighting how one of Britain's biggest media brands is struggling to reinvent itself from a tabloid publisher to a diversified global media group. Continue reading at AdAge.com Continue reading at 'Advertising Age'

[ Advertising Age | 2017-11-30 00:00:00 UTC ]

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Panel Mania: 'Lunar New Year Love Story' by Gene Luen Yang and LeUyen Pham

Gene Luen Yang and artist LeUyen Pham’s new YA graphic novel 'Lunar New Year Love Story' is a charming, funny, supernatural tale of teenagers navigating romance and tough family issues in the Asian American community. An eight page excerpt. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-01-03 05:00:00 UTC ]
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Publishers Weekly’s 2024 Book Business Events Calendar

Our new Google calendar, to be updated throughout the year and to which readers can subscribe, keeps track of the dates of select trade shows, book fairs, and awards and prizes in 2024. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-01-02 05:00:00 UTC ]
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Jilly Cooper is made a dame in new year honours list

Bestselling author and journalist is ‘incredibly bowled over’ to receive DBEJilly Cooper has been given a damehood in the new year honours list for her services to literature and charity.The 86-year-old bestselling author and journalist who was awarded a DBE said she was “delighted, bewildered... Continue reading at The Guardian

[ The Guardian | 2023-12-29 22:30:17 UTC ]
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The Top 10 Book Business News Stories of 2023

The book business in 2023 in a nutshell: Amazon got hit with a federal antitrust lawsuit, Scholastic got mired in a censorship controversy, Simon & Schuster finally found a buyer, AI fever gripped the book business, and publishers stepped up to book bans. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-12-29 05:00:00 UTC ]
More news stories like this | All news stories tagged with: #book business #scholastic #book bans #censorship controversy


2023 was the year the economics of tech caught up with reality

As a precocious teen looking to improve my college application, I sat in on a business studies class. I figured taking two extra A-Levels at night school alongside those I took during the day would make me irresistible to admissions tutors. The class I watched examined if it was worth a large... Continue reading at Engadget

[ Engadget | 2023-12-18 15:30:52 UTC ]
More news stories like this | All news stories tagged with: #libraries #corporate parent #track record #english language #epic games


Chose the Next Book Cover of the Year 

It’s the festive season, which means our fourth annual book cover tournament begins today! We had a tough job winnowing the hundreds of thousands of book covers published this year to the best 32 designs, so we need your help to crown a winner via an interactive poll on our Twitter and Instagram... Continue reading at Electric Literature

[ Electric Literature | 2023-12-18 12:00:00 UTC ]
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The 10 Most Popular Lit Hub Stories of the Year

The literary world may have a complicated relationship to popularity—see every literary novelist’s love/hate (and almost always unrequited) relationship with the bestseller list—but the internet does not. Simply: it’s good to be read, and so we thank you, our readers, for consuming, commenting... Continue reading at Literrary Hub

[ Literrary Hub | 2023-12-18 09:52:49 UTC ]
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Five years and 2m copies later, self-published author lands UK book deal

Norfolk-based crime writer JM Dalgliesh topped the Amazon and Kindle bestsellers before being signed by a traditional publisher In 2018, JM Dalgliesh was a stay-at-home father when he sent his first crime novel to six literary agents, only to receive polite rejection letters – or no response at... Continue reading at The Guardian

[ The Guardian | 2023-12-17 09:00:23 UTC ]
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PW’s 2023 People of the Year: Valerie Koehler and Charley Rejsek

'Publishers Weekly' is proud to recognize Valerie Koehler, owner of Blue Willow Bookshop in Houston, and Charley Rejsek, CEO of BookPeople in Austin, as our 2023 People of the Year. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-12-15 05:00:00 UTC ]
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Lit Hub Daily: December 14, 2023

To the members of the literary community we lost this year, we say a last thank you, and goodbye. | Lit Hub Shaan Sachdev pens an ode to Chandler Bing, “one of sarcasm’s most effective global exporters.” | Lit Hub Film & TV What Rachel Zucker is reading now and next, from Mary Ruefle’s The […] Continue reading at Literrary Hub

[ Literrary Hub | 2023-12-14 11:30:20 UTC ]
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Sales Rose at PRH During a Difficult Year, Says CEO Nihar Malaviya

PRH global CEO Nihar Malaviya thanked employees in a memo for their efforts during a year which saw sales rise over 2022 despite the host of internal challenges the world's largest trade publisher faced in 2023. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-12-14 05:00:00 UTC ]
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OpenAI will pay to train its models on Business Insider and Politico articles

OpenAI will pay German publisher Axel Springer to use its news articles to train its AI models and show real-time information from Axel Springer's brands, which include Business Insider and Politico in the US and Bild and Welt in Europe, in ChatGPT’s responses. None of the companies disclosed... Continue reading at Engadget

[ Engadget | 2023-12-13 20:03:27 UTC ]
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Year End: Cambridge University Press Reports Record £1 Billion in Revenue

England's merged Cambridge University Press & and Assessment reports record revenues and numbers of users in 2022-2023. The post Year End: Cambridge University Press Reports Record £1 Billion in Revenue appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2023-12-12 20:15:01 UTC ]
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Lit Hub Daily: December 12, 2023

“Each of these portraits is, as advertised and expected, profoundly ‘humane.’” Gideon Lewis-Kraus recommends Nathan Thrall’s A Day in the Life of Abed Salama. | Lit Hub Criticism The 138 best book covers of 2023, as chosen by some of the industry’s best book cover designers. | Lit Hub Design... Continue reading at Literrary Hub

[ Literrary Hub | 2023-12-12 11:30:34 UTC ]
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Lit Hub Daily: December 8, 2023

Monty Python, blasphemers: When the culture wars came for a little film called Life of Brian. | Lit Hub Film & TV “Moderation did not win the public’s favor.” How hot beverages became all the rage in 18th-century Britain. | Lit Hub History Debbie Urbanski urges novelists to think about AI... Continue reading at Literrary Hub

[ Literrary Hub | 2023-12-08 11:30:19 UTC ]
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B&T’s Aman Kochar Reflects on the Changes He Has Made Since Buying the Company Two Years Ago

Baker & Taylor’s Aman Kochar has embraced the wholesaler’s role as a conduit between libraries and publishers. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-12-08 05:00:00 UTC ]
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Ireland: Paul Murray Wins the An Post Irish Book of the Year

Paul Murray, who was shortlisted for the Booker Prize this year, wins the An Post Irish Book of the Year for 'The Bee Sting.' The post Ireland: Paul Murray Wins the An Post Irish Book of the Year appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2023-12-07 16:15:46 UTC ]
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A Book Club Took 28 Years to Read ‘Finnegans Wake.’ Now, It’s Starting Over.

The group in California started on the notoriously challenging novel by James Joyce in 1995. In October, it reached the end. Continue reading at The New York Times

[ The New York Times | 2023-12-07 10:40:10 UTC ]
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Telling tales: Zimbabwe’s Weaver Press celebrates 25 years of championing truth-telling fiction

NoViolet Bulawayo among authors paying tribute to independent publishing house that shook up the country’s literary sceneWhen the Zimbabwean editor Irene Staunton and her husband Murray McCartney set up their publishing business in 1998, it seemed natural to call it Weaver Press. Their modest... Continue reading at The Guardian

[ The Guardian | 2023-12-07 07:00:02 UTC ]
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This is the Word of the Year, According to Oxford

Every year, Oxford University Press names their word of the year that represents the mood and ethos of our current time. Here is 2023's. Continue reading at Book Riot

[ Book Riot | 2023-12-05 16:03:44 UTC ]
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