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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Lit Hub Daily: May 5, 2023

“Too distasteful, too sordid, and too shameful.” Pauline Harmange on why she needed to write about her abortion. | Lit Hub Memoir Janet Steen on mourning the end of her brother’s story. | Lit Hub Elissa Suh reviews the forlorn, faithful new adaptation of Paolo Cognetti’s award-winning novel The... Continue reading at Literrary Hub

[ Literrary Hub | 2023-05-05 10:30:33 UTC ]
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2022 Print Book Sales in 10 Major Markets Were Flat Compared to Previous Year

A Nielsen report finds that sales of print books in 10 countries totaled 614 million copies last year, level with 2021 sales. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-05-05 04:00:00 UTC ]
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One Year After Removing Its Paywall, Quartz’s Traffic Continues to Drop

Last April, the business news publisher Quartz stunned the media industry by removing its three-year-old paywall, a move designed to expand its general readership at the potential expense of its paid membership business. One year later, the pivot serves as a valuable, if limited, case study in... Continue reading at AdWeek

[ AdWeek | 2023-05-04 06:00:00 UTC ]
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S&S Posts Record Quarter, Could Be Sold by End of Year

Sales rose 19% and earnings were up 16% at Simon & Schuster in the first quarter, and executives at parent company Paramount Global said there is a possibility the sale of the publisher could be completed this year. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-05-04 04:00:00 UTC ]
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Unseen Gabriel García Márquez novel to be published next year

Colombian author’s En Agosto Now Vemos (We’ll See Each Other in August) had been just a rumour but now fans will get to read itRumours had long circulated that an entire literary masterpiece, never seen by the public, could still be lying in a dusty safe held by the late author’s family or under... Continue reading at The Guardian

[ The Guardian | 2023-04-28 21:10:15 UTC ]
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Lit Hub Daily: April 28, 2023

To celebrate the tenth anniversary of Independent Bookstore Day, the Lit Hub staff pens odes to ten of the best bookstores in the world. | Lit Hub Michelle Yeoh stars in American Born Chinese, the Gossip Girl creators adapt City on Fire, and two star-studded casts take on an apocalypse and... Continue reading at Literrary Hub

[ Literrary Hub | 2023-04-28 10:30:36 UTC ]
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The Book Business Needs to Be a Better LGBTQ Ally

Collective Book Studio founder and publisher Angela Engel urges the book community to stand firm against homophobia and transphobia. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-04-28 04:00:00 UTC ]
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Lit Hub Daily: April 27, 2023

“I adopted Fuck This Shit as my motto during the Trump administration and find it applies to something new every day.” Abigail Thomas on getting a (superb) tattoo at 80. | Lit Hub Memoir McKayla Coyle recommends sapphic reads for every occasion (like if “you’re a sad girl, or a hot girl, or a... Continue reading at Literrary Hub

[ Literrary Hub | 2023-04-27 10:30:50 UTC ]
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Lit Hub Daily: April 26, 2023

“I learned at a very early age that I wouldn’t be getting from my mother what most kids get from their mothers.” Lucinda William recalls the turbulence of growing up with a sick mother. | Lit Hub Memoir Diksa Bashu on learning to cook as an adult—and how returning to her grandmother’s Delhi... Continue reading at Literrary Hub

[ Literrary Hub | 2023-04-26 10:30:07 UTC ]
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BuzzFeed News’ business model turned to dust because they were always at the whim of mercurial tech titans | James Hennessy

BuzzFeed changed the way news was reported for the digital age. But it became a casualty of its lopsided relationship with FacebookThe announcement of the demise of BuzzFeed News last week felt unlike the cavalcade of media closures and layoffs of the past decade. In a sense, it represented the... Continue reading at The Guardian

[ The Guardian | 2023-04-26 03:36:53 UTC ]
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BuzzFeed shuts down unprofitable news business for good

Despite winning a Pulitzer Prize in 2021 for coverage of China's mass detention of Muslims, BuzzFeed News' journalistic success has not delivered business results. Continue reading at Media Week

[ Media Week | 2023-04-21 14:23:32 UTC ]
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UK publishing industry reports record-breaking year in 2022

There were 669m physical books sold in the UK last year, according to new figures from the Publishers AssociationThe UK publishing industry had a “record-breaking year” in 2022, with a total income of £6.9bn.A Year in Publishing, a look at the state of the book market by trade body the... Continue reading at The Guardian

[ The Guardian | 2023-04-17 11:26:08 UTC ]
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Lit Hub Daily: April 17, 2023

“Pugilistic metaphors and hard-drinking aphorisms … a brittle misogyny and a vainglorious narcissism. And then there are all the dead animals.” David Barnes considers the baggage of Ernest Hemingway, 100 years after his first published work. | Lit Hub Criticism Welcome to the Shakespeare... Continue reading at Literrary Hub

[ Literrary Hub | 2023-04-17 10:30:58 UTC ]
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‘The Tale of Genji’ Is More Than 1,000 Years Old. What Explains Its Lasting Appeal?

The book is often described as the world’s first novel and a touchstone of Japanese literature. But some of its themes, including its take on gender and power, have echoed over centuries. Continue reading at The New York Times

[ The New York Times | 2023-04-15 09:00:33 UTC ]
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Lit Hub Daily: April 13, 2023

Omer Aziz on finding himself trapped between East and West in Jerusalem: “Everywhere I went there had been an implicit question everyone seemed to be asking: What side are you on?” | Lit Hub Memoir Books from the life of Isabella Stewart Gardner, the most important arts patron you’ve never heard... Continue reading at Literrary Hub

[ Literrary Hub | 2023-04-13 10:30:31 UTC ]
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Rick Wolff, Highly Regarded Business Book Editor, Dead at 71

Rick Wolff, who published dozens of bestselling books as a business editor for Warner Books, Hachette Book Group, and Houghton Mifflin Harcourt, died April 10. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-04-13 04:00:00 UTC ]
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Lit Hub Daily: April 12, 2023

“What had I done, insisting on more of us?” Maggie Smith on the anxious, silent first year of motherhood. | Lit Hub Memoir We asked, you answered: Here are 22 (more) adaptations better than the books they’re based on. | Lit Hub Film & TV Naomi Kanakia on literary transphobia. | Lit Hub... Continue reading at Literrary Hub

[ Literrary Hub | 2023-04-12 10:30:47 UTC ]
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Phaidon Celebrates 100 Years

Phaidon Press will celebrate its 100th anniversary in September with a slate of events, exhibitions, original digital content, and sales initiatives. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-04-05 04:00:00 UTC ]
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A new edition of Gone With the Wind comes with a warning.

The latest edition of Margaret Mitchell’s Civil War epic Gone With the Wind, published by Pan Macmillan in the UK, carries a warning on the first page, The Telegraph (which is really making this kind of thing their beat) reports. It goes like this: Gone with the Wind is a novel which includes... Continue reading at Literrary Hub

[ Literrary Hub | 2023-04-03 14:34:28 UTC ]
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Lit Hub Daily: April 3, 2023

“Transness emerges at the sight of other trans people living happily in the world.” Rafael Frumkin on top surgery, the beauty of the trans body, and building a world to feel safe in. | Lit Hub Memoir How Fabio Pusterla discovered a lifelong love of poetry (translated by Will Schutt). | Lit Hub... Continue reading at Literrary Hub

[ Literrary Hub | 2023-04-03 10:30:39 UTC ]
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