Earnings, Margins Rise at Random

Although worldwide sales at Random House fell 4.3% in 2011, the company posted its highest earnings and operating margins in at least five years. EBIT (earnings before interest and taxes) rose 6.9%, to 185 million euros, with an operating margin of 10.6%, a full percentage point higher than 2010. Between 2007 and 2011, sales on a reported basis fell 4.8%, while operating EBIT jumped 35.0%. Cost cutting, including consolidating office space in Random’s New York headquarters, and lower returns due to higher ebook sales contributed to the higher profits in 2011. The sales decline was due to a combination of the negative impact of foreign exchange and a decline in print sales. Continue reading at 'Publishers Weekly'

[ Publishers Weekly | 2012-03-30 00:00:00 UTC ]
News tagged with: #print sales #company posted #operating margins #operating margin #cost cutting #negative impact #foreign exchange

Other Publishing stories related to: 'Earnings, Margins Rise at Random'

Bloomsbury median gender pay gap rises to 21.7%

Bloomsbury Publishing’s median gender pay gap has grown to 21.7% in 2018 from 17.2% the year before although its mean figure fell slightly, according to its latest report. Continue reading at The Bookseller

[ The Bookseller | 2019-04-05 00:00:00 UTC ]
More news stories like this | News stories tagged with: #bloomsbury publishing #latest report

Editors earn stripes in a string of deals at Bologna

Stripes Publishing has struck a brace of deals at this year’s fair, inking a wild swimming adventure for teens and its first book in translation. Continue reading at The Bookseller

[ The Bookseller | 2019-04-03 00:00:00 UTC ]
More news stories like this | News stories tagged with: #stripes publishing

‘If we have to, we let them walk away’: Branded content margin pressure squeezes publishers

Media agency metrics and cut-rate pricing are putting major pressure on the margins of publishers' branded content operations. The post ‘If we have to, we let them walk away’: Branded content margin pressure squeezes publishers appeared first on Digiday. Continue reading at Digiday

[ Digiday | 2019-04-01 00:00:00 UTC ]
More news stories like this |

Scholastic gender pay gap rises to 8.8%

Children’s publisher Scholastic has revealed a median gender pay gap of 8.8%, a fraction up on last year’s 8.5% but still less half the national average of 17.9%. Continue reading at The Bookseller

[ The Bookseller | 2019-03-30 00:00:00 UTC ]
More news stories like this | News stories tagged with: #publisher scholastic #national average

The International Publishers Association’s Seminar Series in Nairobi: ‘Africa Rising’

In June, the IPA's seminar series for African publishing will address talent and readership development, digital opportunities, copyright protection, and more. The post The International Publishers Association’s Seminar Series in Nairobi: ‘Africa Rising’ appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2019-03-29 00:00:00 UTC ]
More news stories like this | News stories tagged with: #africa rising #african publishing #digital opportunities #copyright protection

Macmillan pay gap closes as men's bonuses rise

The median gender pay gap at Macmillan Publishing International Limited has closed slightly to 28% in favour of women while the difference in bonus payments for men has risen, according to its new report. Continue reading at The Bookseller

[ The Bookseller | 2019-03-29 00:00:00 UTC ]
More news stories like this |

Penguin Random House Grupo Editorial Appoints Dedicated Sales Manager for Christian Imprints

Shaila Muñoz joins PRHGE with more than a decade working in the publishing industry, most recently at HarperCollins Christian Publishers. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-03-29 00:00:00 UTC ]
More news stories like this | News stories tagged with: #publishing industry

Penguin Random House buys Little Tiger Group

Penguin Random House has acquired 30-year-old children's indie Little Tiger Group for an undisclosed sum. Continue reading at The Bookseller

[ The Bookseller | 2019-03-28 00:00:00 UTC ]
More news stories like this | News stories tagged with: #tiger group

Sales, Earnings Rose at PRH in 2018

Revenue at Penguin Random House rose 1.9% in 2018 over 2017 and earnings increased 1.3%. PRH global CEO Markus Dohle said he expects to see more gains in 2019 due in part to more increases in digital audio sales and expanding global book markets. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-03-26 00:00:00 UTC ]
More news stories like this | News stories tagged with: #earnings rose

The rise of robot authors: is the writing on the wall for human novelists?

Artificial intelligence can now write fiction and journalism. But does it measure up to George Orwell – and can it report on Brexit?Will androids write novels about electric sheep? The dream, or nightmare, of totally machine-generated prose seemed to have come one step closer with the recent... Continue reading at The Guardian

[ The Guardian | 2019-03-25 00:00:00 UTC ]
More news stories like this | News stories tagged with: #big thing #statistical analysis #web pages

Video Briefing: Rising costs on Facebook force publishers to rethink branded video distribution

Costs for paid video distribution on Facebook has more than doubled year-over-year. The post Video Briefing: Rising costs on Facebook force publishers to rethink branded video distribution appeared first on Digiday. Continue reading at Digiday

[ Digiday | 2019-03-13 00:00:00 UTC ]
More news stories like this | News stories tagged with: #video briefing

B&N Q3 Sales Flat, Comps Rise 1.1%

Total revenue at B&N in the third quarter ended January 26, 2019 was flat at $1.23 billion as retail sales rose 0.3% and Nook revenue fell 21%. Comparable sales were up 1.1%, but earnings fell slightly. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-03-07 00:00:00 UTC ]
More news stories like this | News stories tagged with: #total revenue

Phoenix chief rises to take the reins at David Fickling Books

Tom Fickling is to lead his father’s publisher as its new managing director, in addition to his work at the helm of sister company The Phoenix, after he succeeded Simon Mason in the role. Continue reading at The Bookseller

[ The Bookseller | 2019-02-18 00:00:00 UTC ]
More news stories like this | News stories tagged with: #tom fickling #sister company

Century wins auction for Random House veteran's grammar rules

A 36-hour “flash” auction has seen Century buy a grammar guide by Benjamin Dreyer, long-time Random House copy chief and editor. Continue reading at The Bookseller

[ The Bookseller | 2019-02-16 00:00:00 UTC ]
More news stories like this |

HC Sales, Earnings Up in Q2

Strong sales of digital audio were a key contributor to a 13% increase in profits at HarperCollins in the second quarter ended December 31, 2018. In discussing second quarter results, Robert Thomson, CEO of HC parent company News Corp, criticized Audible's domination of the downloadable audio... Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-02-08 00:00:00 UTC ]
More news stories like this | News stories tagged with: #strong sales #digital audio #13% increase #quarter results #robert thomson

Indigo's Q3 Earnings Hit by Postal Strike

A strike at Canada Post late last year caused headaches at Indigo Books & Music, resulting in a dip in sales of 1.7% for the company's third quarter and a steep drop in earnings for the period. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-02-07 00:00:00 UTC ]
More news stories like this | News stories tagged with: #steep drop

Czech Book Sales Rise Amid Ongoing Industry Consolidation

Overall book sales in the Czech Republic are up as the number of new titles published declines slightly. Industry consolidation and a focus on high-performing books may be the cause. The post Czech Book Sales Rise Amid Ongoing Industry Consolidation appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2019-02-05 00:00:00 UTC ]
More news stories like this | News stories tagged with: #book sales #czech republic #industry consolidation

Books News: Penguin Random House Closes the Prestigious Imprint Spiegel & Grau

The division published best-selling books by Ta-Nehisi Coates, Trevor Noah and more. Its closing is the latest move by Penguin Random House to streamline operations. Continue reading at The New York Times

[ The New York Times | 2019-01-26 00:00:00 UTC ]
More news stories like this | News stories tagged with: #books news #ta-nehisi coates #trevor noah #latest move #streamline operations

Digital growth helps Haynes to half-year profit rise

Car manual publisher Haynes saw group profit before tax boom by almost a quarter (23%) for the six months ending 30th November 2018. Continue reading at The Bookseller

[ The Bookseller | 2019-01-25 00:00:00 UTC ]
More news stories like this | News stories tagged with: #group profit #tax boom