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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End-of-Year Celebrations That Rock

With the school year winding down, we spoke with three educators about how they help their students look back on what they've learned—and forward to a summer of possibilities—with special end-of-year celebrations. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-06-26 04:00:00 UTC ]
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Bookforum is back! After folding last year, the beloved lit mag is revived by the Nation

Six months after the beloved literary magazine Bookforum announced its December 2022 issue would be its last, the Nation announced its resurrection. Continue reading at Los Angeles Times

[ Los Angeles Times | 2023-06-24 00:21:58 UTC ]
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A rare Maurice Sendak story will be published next year.

Almost 60 years after the publication of Where The Wild Things Are (November 23 will mark the rumpus), the world is getting a new children’s book from the late Maurice Sendak. HarperCollins Publishers will be releasing Ten Little Rabbits: A Counting Story with Mino the Magician, a count-along... Continue reading at Literrary Hub

[ Literrary Hub | 2023-06-22 13:53:52 UTC ]
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The biggest Steam update in years just arrived. Here’s what’s new

Steam is the world’s most popular platform for PC games and a bedrock of the industry. But if you compare the Steam of today with, say, the Steam of ten years ago, surprisingly little has changed. Or surprisingly little had changed, because Steam just released one of its biggest updates in... Continue reading at PC World

[ PC World | 2023-06-15 14:35:55 UTC ]
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Wiley to Restructure After Challenging Year

With results down in fiscal 2023, Wiley announced that it will offload non-core assets in fiscal 2024 and focus on its research and learning groups. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-06-15 04:00:00 UTC ]
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In Lorrie Moore's first novel in 14 years, 2016's chaos becomes a wild metaphysical trip

Lorrie Moore's fourth novel, 'I Am Homeless If This is Not My Home,' follows a grieving man through the chaos of 2016 and some wondrous metaphysical byways. Continue reading at Los Angeles Times

[ Los Angeles Times | 2023-06-14 13:00:25 UTC ]
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Lit Hub Daily: June 13, 2023

While visiting Italy’s vanishing towns, Dominic Smith muses on abandonment both physical and emotional. | Lit Hub Memoir 26 new books out today for your summer reading glow-up. | The Hub “When we write ‘I’ in the personal essay it is a philosophical act as much as it is a creative one.” Sarah... Continue reading at Literrary Hub

[ Literrary Hub | 2023-06-13 10:30:10 UTC ]
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March StatShot: US Book Industry Up 3.2 Percent Year-to-Date

The AAP StatShot figures for March 2023 arrive with trade revenues up 0.2 percent for the month of March, 1.1 percent year-to-date. The post March StatShot: US Book Industry Up 3.2 Percent Year-to-Date appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2023-06-09 16:06:34 UTC ]
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Twitter's ad sales have reportedly dropped by 59 percent since last year

Twitter's advertising revenue is down 59 percent during a five week stretch between April 1st and early May compared to the same period last year, The New York Times has reported. It regularly falls short of sales projections, and things aren't likely to change soon (apparently despite the... Continue reading at Engadget

[ Engadget | 2023-06-06 09:25:43 UTC ]
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Barnes & Noble’s ‘Best Books of the Year So Far’ List Is Here, and It’s Got Something For Everyone

Barnes & Noble just released their "Best Books of the Year (So Far)", and the list is full of surprises. Continue reading at Book Riot

[ Book Riot | 2023-06-05 11:00:00 UTC ]
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In Paris, BIEF Celebrates Its 150th Year: ‘Open Marketplace’

With its Paris Book Market opening today, BIEF is observing 150 years of its service to French publishing in the international industry. The post In Paris, BIEF Celebrates Its 150th Year: ‘Open Marketplace’ appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2023-06-02 17:27:52 UTC ]
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APA Report: US Sees Double-Digit Audiobook Sales Growth for 11th Year

The Audio Publishers Association finds in its annual report that audiobook sales generated $1.8 billion in the United States in 2022. The post APA Report: US Sees Double-Digit Audiobook Sales Growth for 11th Year appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2023-06-01 15:27:14 UTC ]
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Lit Hub Daily: June 1, 2023

HAPPY PRIDE: 37 Drag Race contestants (and RuPaul) on drag as an art form and the show’s legacy • Jess deCourcy Hinds on building an LGBTQ picture book library for her queer family • Cat Sebastian on the unexpected power of Mary Renault’s The Charioteer, the 1950s novel that presaged queer... Continue reading at Literrary Hub

[ Literrary Hub | 2023-06-01 10:30:49 UTC ]
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Publishing Sales Finished 2.6% Below 2021 Last Year

A 16% increase in sales in the pre-K–12 educational materials segment helped to counter declines in the other major categories, resulting in total publishing sales of $28.1 billion in 2022, the Association of American Publishers reported. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-05-31 04:00:00 UTC ]
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U.S. Book Show: Human Connection Powers the Book Business

Editors and literary agents on the mechanics—and the emotions—behind the publishing business, what makes a bestseller, and how book bidding wars can cloud expectations. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-05-25 04:00:00 UTC ]
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Good news: there are more bookstores in the US this year than last.

Today in good news, the American Booksellers Association announced that membership is at its highest level in 20 years. Per reporting by Hillel Italie at the Associated Press: The ABA added 173 members last year, and now has 2,185 bookstore businesses and 2,599 locations. Three years after the... Continue reading at Literrary Hub

[ Literrary Hub | 2023-05-22 15:55:36 UTC ]
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U.S. Book Show 2023: Midtown Scholar, Emily Bates Named PW Bookstore, Rep of the Year

In a virtual awards show, 'PW' editorial director Jim Milliot named Midtown Scholar in Harrisburg, Pa., the Bookstore of the Year and PRH's Emily Bates the Sales Rep of the Year. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-05-22 04:00:00 UTC ]
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Lit Hub Daily: May 9, 2023

“Even though every atom in my body told me opening a shop would be an economic failure, I’d hoped it would save us.” Kelly McMasters on starting a bookstore to save her marriage. | Lit Hub Memoir 21 new books out today: Shakespeare! Eurovision! Revenge! | The Hub This month’s Lit Hub Asks: 5... Continue reading at Literrary Hub

[ Literrary Hub | 2023-05-09 10:30:21 UTC ]
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Here are this year’s Pulitzer Prize winners.

The winners and nominated finalists of the 107th Pulitzer Prizes were announced today via remote video stream. The winners each take home $15,000 dollars and serious bragging rights, not to mention an instant ticket into a very illustrious club. The full list of winners and nominated finalists... Continue reading at Literrary Hub

[ Literrary Hub | 2023-05-08 20:08:40 UTC ]
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Scholastic recognizes 100 years of teen writing.

What do Amanda Gorman, Truman Capote, John Updike, and Joyce Carol Oates have in common? Each won a Scholastic Art & Writing Award as a teen. The Scholastic Art & Writing Awards began in 1923 and continue to support young writers thanks to The Alliance for Young Artists & Writers.... Continue reading at Literrary Hub

[ Literrary Hub | 2023-05-08 12:47:48 UTC ]
More news stories like this | All news stories tagged with: #scholastic #john updike #truman capote #amanda gorman