Economist nears the limit of an old growth theory

Editor John Micklethwait departs on a high. But print circulation may never be so high - nor fortunes quite so serene – againYou used to judge successful editors by a simple test. How many copies did they sell on day one, and how many on their last day in the chair? Plus, of course, parallel profit-and-loss figures. Today, the swirl of digital change makes everything more difficult. But put John Micklethwait’s nine years on top of the Economist to the ancestral test.In 2006, when he took over, the Economist had a circulation of 1.1m and operating profit of £28m. This month, as his successor – Zanny Minton Beddoes, the magazine’s brilliant business affairs editor – picks up the baton, the figure is 1.6m, with an operating profit of £59m. Micklethwait – heading now to New York as editorial boss of Bloomberg News – isn’t the only Economist editor to leave on a high. To the contrary, the build has been steady, and remarkable, for decades: a true British triumph of judgment and style. Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2015-01-25 00:00:00 UTC ]
News tagged with: #print circulation #operating profit #bloomberg news

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Pearson Set to Offload Economist Stake for 400M Pounds

Pearson is expected to announce the sale of its stake in the publisher of The Economist magazine as early as this week for about £400m, according to people close to the matter.   The De Rothschild family and Exor, the investment vehicl ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2015-08-10 00:00:00 UTC ]
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Digital Nears a Third of New York Times Ad Revenue

The New York Times Co. posted second-quarter profit that topped analysts' estimates after the publisher cut expenses faster than revenue declined.Earnings excluding some items were 13 cents a share, the New York-based company said in a statement. That compares with the 11-cent average of... Continue reading at Advertising Age

[ Advertising Age | 2015-08-06 00:00:00 UTC ]
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The Buzz at the Zimbabwe Book Fair is “Growth”

The Zimbabwe Book Fair, once the key event in African publishing, has declined. This year, a focus on growing the knowledge economy is giving it new life. The post The Buzz at the Zimbabwe Book Fair is “Growth” appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2015-07-30 00:00:00 UTC ]
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Why Nikkei Is Betting Big on Digital Growth at the Financial Times

Nikkei’s $1.3 billion deal to buy the Financial Times underscores the fact that the publishing industry’s fortunes lie in going digital, experts say. Continue reading at Knowledge@Wharton

[ Knowledge@Wharton | 2015-07-29 00:00:00 UTC ]
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Pearson confirms Economist sale talks

Pearson has confirmed that it is in talks to sell The Economist Group. The company said it is “in discussions” with the board of The Economist Group and with trustees regarding sale of its 50% share. “There is no certainty that this process will lead to a transaction,” said a statement from... Continue reading at The Bookseller

[ The Bookseller | 2015-07-28 00:00:00 UTC ]
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After Financial Times, Pearson Announces Plans to Sell The Economist Magazine Also

Pearson Plc moved closer to an exit from business publishing as it announced plans to dispose of its stake in the 172-year-old Economist magazine, just days after the sale of The Financial Times newspaper.   Discussions with The Economist Group& ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2015-07-27 00:00:00 UTC ]
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Pearson to sell Economist stake

Publishing company Pearson is to sell its 50% stake in the Economist Group, days after announcing the sale of the Financial Times. Continue reading at BBC News

[ BBC News | 2015-07-26 00:00:00 UTC ]
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Amazon posts a profit as AWS sales nearly double

Cloud services continue to grow by leaps and bounds for Amazon.com.The company reported that Amazon Web Services generated $1.8 billion in sales in the second quarter, up about 80 percent from the $1 billion it brought in a year earlier.That helped Amazon achieve a profit of $92 million, a... Continue reading at PC World

[ PC World | 2015-07-24 00:00:00 UTC ]
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Printing error hits 'limited' Harper Lee stock

A "limited number" of copies of Harper Lee's Go Set a Watchman (William Heinemann) have been found to contain a printing error, with Penguin Random House's printer Clays having to print replacement stock. Copies affected by the technical fault at Clays have two lines missing on each of six... Continue reading at The Bookseller

[ The Bookseller | 2015-07-17 00:00:00 UTC ]
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Staff Pick: A Nearly Infallible History of Christianity

PW's religion reviews editor recommends the funniest history of Christianity you'll ever read. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-07-17 00:00:00 UTC ]
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Growth, Diversity, Uncertainty Mark New Era at Comic-Con 2015

The show is bigger, crowded with fans, events and new venues as well as more diverse offerings of comics targeting kids, women and people of color than ever before. So why are so many comics professionals worried about Comic-con? Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-07-15 00:00:00 UTC ]
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Magazine Industry Growth Slows

60 titles launch, 23 close through the first half of 2015. The post Magazine Industry Growth Slows appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2015-07-01 00:00:00 UTC ]
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Guild Calls for Higher Royalties, Contract Limits

The Authors Guild has outlined some of the "egregious terms" of current contract boilerplates it plans to address in its Fair Contract Initiative, first announced May 28 during BookExpo America. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-06-17 00:00:00 UTC ]
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Citing Book Trade Growth, Dark Horse Promotes Nine

With sales up 30% over the last three years, the indie comics publisher has announced a slate of promotions intended to prepare the house for further expansion. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-06-02 00:00:00 UTC ]
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Hachette Children's looks to digital and licensing growth

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[ The Bookseller | 2015-05-30 00:00:00 UTC ]
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BEA 2015: Places to Eat Near Javits

Tired of convention food? There are plenty of places for a quick (and good) bite within walking distance of Javits. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-05-27 00:00:00 UTC ]
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Deals Drove Growth at Penguin Random House

Total revenue at Penguin Random House rose 25.2% in 2014 to 3.32 billion euros, while EBITDA increased 24.5% to 452 million euros. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-03-31 00:00:00 UTC ]
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Overcoming Boundaries to Subscription and Revenue Growth

[Sponsored Content] Creating the best subscription plan for any content provider is a tall order: publishers have to juggle offering the content readers want on the devices and channels readers want to use, in the format readers prefer, at a price readers are willing to pay. The post Overcoming... Continue reading at Folio Magazine

[ Folio Magazine | 2015-03-26 00:00:00 UTC ]
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Pre-Roll Video Ads a Leading Catalyst to Ad-Blocking Growth

A new Wells Fargo Securities report put ad blocking right alongside viewability as a top challenge facing the digital publishing ecosystem.The report asked whether ad blocking is an existential threat or "just a 'Europe thing'" and netted out somewhere in the middle: "We believe the rapid rise... Continue reading at Advertising Age

[ Advertising Age | 2015-03-13 00:00:00 UTC ]
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Vox Opens Video Studio in L.A., Prompting the Question: Are We Nearing Peak Video?

Vox Media -- the digital publisher behind sites like The Verge, SB Nation and Vox.com -- has opened a department in Los Angeles aimed at making more digital video and, possibly, traditional TV.As Vox Creative Director Chad Mumm told The Hollywood Reporter about the new Vox... Continue reading at Advertising Age

[ Advertising Age | 2015-03-12 00:00:00 UTC ]
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