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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The unfinished business of 2 World Trade Center

Silverstein Properties' redevelopment of the World Trade Center site has been by and large a success story. Yes, the Lower Manhattan office market is struggling in the wake of the pandemic, but in the past two decades the developer has still managed to transform a desolate location of almost... Continue reading at Crains New York

[ Crains New York | 2024-10-17 09:48:11 UTC ]
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Frankfurt Anniversaries: Exhibitors Celebrate Milestone Years

Longtime Frankfurt Book Fair exhibitors celebrate anniversary years with cake and colleagues. Here are a few celebrations this year. By Hannah Johnson 75 Years in Frankfurt 50 Years at Frankfurt Book Fair 35 Years at Frankfurt Book Fair 25 Years at Frankfurt Book Fair The post Frankfurt... Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2024-10-16 15:44:44 UTC ]
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G/O Media Is Suing Paste Media 1 Year After Selling It Jezebel

Digital media firm G/O Media filed a lawsuit in Delaware court last month against Paste Media, according to public records obtained by ADWEEK. (ADWEEK) Continue reading at AdWeek

[ AdWeek | 2024-10-14 11:55:00 UTC ]
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G/O Media Is Suing Paste Media a Year After Selling It Jezebel

The digital media firm G/O Media filed a lawsuit in Delaware court last month against Paste Media, according to public records obtained by ADWEEK. The lawsuit alleges that Paste Media breached the contract the two parties signed last year when Paste Media acquired the... Continue reading at AdWeek

[ AdWeek | 2024-10-11 18:17:58 UTC ]
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PW Star Watch 2024: Celebrating 10 Years of Star Watch

Superstars from years past reflect on the industry and share advice for book-biz newbies Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-10-11 04:00:00 UTC ]
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20 Books Our Editors Don't Want You to Miss This Year

Our reviews editors look back at the 150+ titles they’ve recommended in our PW Picks newsletter over the past year and share 20 books they especially don’t want you to overlook. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-10-11 04:00:00 UTC ]
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Which One of You Sent Me Lonesome Dove in the Mail? Or: Tackling the Great American Western

It was a random day in August when a trade paperback copy of Lonesome Dove showed up in the mail from Simon & Schuster. It didn’t come with a press release or a note, and I’m still not sure who sent it to me (I’ve asked a few S&S publicists and it remains a mystery!), […] Continue reading at Literrary Hub

[ Literrary Hub | 2024-10-10 11:50:25 UTC ]
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La Revo Books Is the Midwest Independent Booksellers Association's 2024 Bookstore of the Year

Two sisters, Barbara Cerda and Valeria Cerda, the co-owners of La Revo Books, a pop-up bookstore in Milwaukee, were named MIBA's booksellers of the year for 202. The two founded La Revo in 2021 to sell Spanish-language literature. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-10-07 04:00:00 UTC ]
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PW Close-Up: Jane Dystel on 30 Years of Dystel, Goderich & Bourret

On the occasion of her literary agency's 30th birthday, PW spoke with Jane Dystel about how the publishing business has changed over the years, why she loves being an agent, and what makes her fall in love with a manuscript. (Sponsored) Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-10-03 04:00:00 UTC ]
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PW Close-Up: Jane Dystel on 30 Years of Dystel, Goderich & Bourret

On the occasion of her literary agency's 30th birthday, PW spoke with Jane Dystel about how the publishing business has changed over the years, why she loves being an agent, and what makes her fall in love with a manuscript. (Sponsored) Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-10-03 04:00:00 UTC ]
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Lit Hub Daily: October 2, 2024

“I aligned with stories that were messy and vulnerable. Writers who were messy and vulnerable.” Betsy Lerner remembers working with writers who had demons to wrestle with. | Lit Hub Memoir Caroline Carlson recommends 10 new children’s books that span the globe. | Lit Hub Reading Lists Cornelia... Continue reading at Literrary Hub

[ Literrary Hub | 2024-10-02 10:30:16 UTC ]
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A 64-Year-Old Literary Agent and TikTok Star Adds ‘Novelist’ to Her Résumé

Betsy Lerner has spent decades in the publishing industry. Writing her first novel, “Shred Sisters,” unlocked a completely new side to her creativity. Continue reading at The New York Times

[ The New York Times | 2024-10-01 19:20:03 UTC ]
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The Kindle Paperwhite Signature Essentials bundle drops to its lowest price of the year ahead of Prime Day

The weather is, unfortunately, getting colder and that means it's about time to cozy up on your couch with a blanket and some good reading material. If you're an e-reader lover or have finally run out of bookshelf space then you might want to look at the Kindle Paperwhite Signature Essentials... Continue reading at Engadget

[ Engadget | 2024-10-01 14:17:17 UTC ]
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Scholastic’s Fiscal Year 2025 Is Off to a Positive Start

Helped by the acquisition of 9 Story Media, sales rose 4% at Scholastic in the quarter ended August 31, 2024, and the publisher cut its operating loss. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-09-27 04:00:00 UTC ]
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Women & Children First Named Inaugural Great Lakes Bookstore of the Year

The feminist bookstore, founded in 1979, has been named the Great Lakes Bookstore of the Year by the Great Lakes Independent Booksellers Association. It is the inaugural recipient of the award. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-09-27 04:00:00 UTC ]
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Verso Holds Kickstarter Campaign to Boost U.K. Business

With sales to U.K. bookstores shut off by the bankruptcy of its U.K. distributor Marston, the radical U.K./U.S. publisher has turned to Kickstarter to raise $134,000 to support its fall publishing program. It has raised close to $100,000 in the first 24 hours of the campaign. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-09-25 04:00:00 UTC ]
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Lin Manuel Miranda reflects on 10 years of innovation, from ‘Hamilton’ to ‘Warriors’

A hip-hop musical about the first U.S. Secretary of the Treasury didn’t exactly scream global phenomenon when it launched on Broadway in 2015. But Lin-Manuel Miranda had such a clear vision for Hamilton that it became exactly that, winning a Pulitzer Prize along the way. Miranda’s boundless... Continue reading at Fast Company

[ Fast Company | 2024-09-24 12:31:42 UTC ]
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DOJ vs. Google: Can the digital media industry learn from the last 15 years?

Can the industry save itself from short-term thinking, even if Google is dealt a blackened eye, or bloodied nose during a raft of government tussles? Continue reading at Digiday

[ Digiday | 2024-09-20 04:01:00 UTC ]
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Over 30 Years, 40% of Publishing Jobs Disappeared. What Happened?

Government data indicates that, in 1997, there were 91,100 traditional publishing jobs in the United States. As of last year, there were 54,822. Have those jobs moved to new parts of the industry—or vanished altogether? Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-09-20 04:00:00 UTC ]
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Lit Hub Daily: September 16, 2024

Elizabeth Lindsey Rogers on consent, power, and age gaps in queer relationships. | Lit Hub Memoir Tracking the ongoing fight against creeping fascism in American schools: “The ultimate goal is to justify a takeover of the institutions, transforming them into weapons in the war against the very... Continue reading at Literrary Hub

[ Literrary Hub | 2024-09-16 10:30:01 UTC ]
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