Execs' pay up at Pearson as profit grows

Written By: Philip Jones Publication Date: Wed, 06/04/2011 - 14:58 Penguin group chief executive John Makinson took home £1.5m in pay in 2010, in a year when Penguin's sales grew 21% to £1.1bn and adjusted operating profit grew 19% to £106m. Makinson's pay rose by £150,000 thanks to a rise in his annual bonus. He was Pearson's third highest paid executive after chief executive Marjorie Scardino and Will Ethridge, who is chief executive of Pearson North American Education. read more Continue reading at 'The Bookseller'

[ The Bookseller | 2011-04-06 00:00:00 UTC ]
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Pearson buys Stark Holdings

Written By: Graeme Neill Publication Date: Tue, 09/08/2011 - 09:14 Pearson has bought German educational materials company Stark Holdings. The company provides text preparation resources for pupils and teachers. It had sales of €20m for its most recent financial year and has gross assets... Continue reading at The Bookseller

[ The Bookseller | 2011-08-09 00:00:00 UTC ]
More news stories like this | News stories tagged with: #german business #regulatory approval


Financial Times Grows Paid Digital Subs 34 Percent in First Half 2011

While many publishers are still grappling with the question of digital properties and revenue, The Financial Times continues to reap positive benefits from its paid collection model, according to first half 2011 financials released Friday. Continue reading at Folio Magazine

[ Folio Magazine | 2011-08-02 00:00:00 UTC ]
More news stories like this | News stories tagged with: #digital properties


Penguin's sales and profits fall in first half as digital rises

Written By: Charlotte Williams Publication Date: Fri, 29/07/2011 - 09:30 Penguin reported lower sales and profits in the first half of 2011 as it adjusted to the "unprecedented challenges" afflicting the publishing sector including the loss of high street booksellers in the US and Australia... Continue reading at The Bookseller

[ The Bookseller | 2011-07-29 00:00:00 UTC ]
More news stories like this | News stories tagged with: #profits fall #e-book sales #unprecedented challenges #operating profit


Random House profits marginally down in 2010

Written By: Charlotte Williams Publication Date: Fri, 29/07/2011 - 14:59 The Random House Group's turnover for 2010 is understood to have been £296m, staying level with 2009. Profit was slightly down on 2009, falling from £44.3m to £42.5m, following a year of digital investment and challenges... Continue reading at The Bookseller

[ The Bookseller | 2011-07-29 00:00:00 UTC ]
More news stories like this | News stories tagged with: #digital investment


Profits surge at OUP

Written By: Lisa Campbell Publication Date: Thu, 28/07/2011 - 14:11 Oxford University Press has described a surge in pretax profit by nearly 25% as "excellent", but said it does not underestimate the challenges publishers are facing. The academic publisher has reported pretax profits of... Continue reading at The Bookseller

[ The Bookseller | 2011-07-28 00:00:00 UTC ]
More news stories like this | News stories tagged with: #profits surge #challenges publishers #academic publisher #increased sales


Telegraph ordered to pay damages over book review

Written By: Bookseller Staff Publication Date: Tue, 26/07/2011 - 17:11 Telegraph Media Group has been ordered to pay £65,000 in damages after losing a high court case for libel and malicious falsehood over a Lynn Barber book review published in the Telegraph. read more Continue reading at The Bookseller

[ The Bookseller | 2011-07-26 00:00:00 UTC ]
More news stories like this | News stories tagged with: #pay damages #book review


Time Magazine Rolls Out Print/Digital Subscriptions -- And Puts Up Another Web Pay Wall

Time magazine is making it easier for readers to subscribe to its digital and print editions. And harder for non-subscribers to read the magazine on the Web. Continue reading at AllThingsD

[ AllThingsD | 2011-07-19 00:00:00 UTC ]
More news stories like this | News stories tagged with: #time magazine #print editions


ABA to ask for investigation into Pearson REDgroup acquisition

Written By: Bookseller Staff Publication Date: Tue, 05/07/2011 - 09:35 The Australian Booksellers Association (ABA) is to ask the Australian Competition and Consumer Commission (ACCC) to investigate after Pearson reached a deal to acquire the REDgroup online businesses. Pearson said yesterday... Continue reading at The Bookseller

[ The Bookseller | 2011-07-05 00:00:00 UTC ]
More news stories like this | News stories tagged with: #australian competition #28th july


Pearson buys REDgroup online businesses

Written By: Graeme Neill Publication Date: Mon, 04/07/2011 - 08:33 Pearson Australia is taking over the online business of collapsed Australian bookseller REDgroup, which includes the Borders and Angus & Robertson sites. The publisher said it wanted to maintain "continuity for the... Continue reading at The Bookseller

[ The Bookseller | 2011-07-04 00:00:00 UTC ]
More news stories like this | News stories tagged with: #online business #provide ebooks


Profit up at Waterstone's despite sales dip

Written By: Lisa Campbell Publication Date: Thu, 30/06/2011 - 09:41 Waterstone’s increased profit by £6.7m last year as like-for-like sales fell by 3.8%, according to financial results released today. read more Continue reading at The Bookseller

[ The Bookseller | 2011-06-30 00:00:00 UTC ]
More news stories like this | News stories tagged with: #sales dip #sales fell


Booktrust partners with Pearson

Written By: Charlotte Williams Publication Date: Fri, 24/06/2011 - 13:29 Booktrust and Pearson will be giving two free books to every child starting school in England this autumn, as part of 2011's Booktime scheme. Puffin title Tinga Tinga Tales-Why Elephant has a Trunk and Face Painting, from... Continue reading at The Bookseller

[ The Bookseller | 2011-06-24 00:00:00 UTC ]
More news stories like this | News stories tagged with: #booktrust partners #booktime scheme #free books


Prevention Magazine Grows a Digital Network

Prevention magazine's new digital advertising network of niche health sites, dubbed the Healthy Living Group, is now in full swing since its May launch, with about 12 million monthly unique visiting the 35 sites in the network. The digital network is also now ranked 11th in the health category,... Continue reading at Folio Magazine

[ Folio Magazine | 2011-06-16 00:00:00 UTC ]
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Condé Nast's digital business edges closer to profit

CondeNet UK, the digital business of magazine publisher Condé Nast UK, edged closer to profitability in 2010, reducing its losses to £180,528, according to its latest financial results. Continue reading at Media Week

[ Media Week | 2011-06-14 00:00:00 UTC ]
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Browne warns "society will pay" for library closures

Written By: Bookseller Staff Publication Date: Mon, 06/06/2011 - 08:59 The outgoing Children's Laureate Anthony Browne has warned society "will pay the price in the long term" for closing school and public libraries. In a letter to his successor, Browne urged them to campaign against their... Continue reading at The Bookseller

[ The Bookseller | 2011-06-06 00:00:00 UTC ]
More news stories like this | News stories tagged with: #public libraries #library closures #long term #school libraries


Mitterrand calls for increase in booksellers' qualitative pay

Written By: Barbara Casassus Publication Date: Tue, 17/05/2011 - 08:18 French culture minister Frédéric Mitterrand yesterday (16th May) called for publishers to increase booksellers' pay for their qualitiative work and for new measures to help shore up the sector, the French trade weekly... Continue reading at The Bookseller

[ The Bookseller | 2011-05-17 00:00:00 UTC ]
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Bertelsmann double profit to €94m

Written By: Graeme Neill Publication Date: Thu, 12/05/2011 - 09:23 Group profit at Random House parent company Bertelsmann more than doubled to €94m (£81.9m) in its first quarter. For the three months to 31st March, consolidated revenues increased to €3.63bn (£3.16bn) from €3.56bn (£3.10bn).... Continue reading at The Bookseller

[ The Bookseller | 2011-05-12 00:00:00 UTC ]
More news stories like this | News stories tagged with: #31st march


Reader’s Digest Announces Third Digital Exec Hire Since 2008

Reader’s Digest has named Matthew Goldenberg general manager of Readersdigest.com. Goldenberg comes from Bloomberg, where he acted as managing editor and operations director at Bloomberg LP. At Reader’s Digest, Goldenberg will oversee digital operations and continue to push forward the brand’s... Continue reading at Folio Magazine

[ Folio Magazine | 2011-05-12 00:00:00 UTC ]
More news stories like this | News stories tagged with: #bloomberg lp #readers digest #managing editor #operations director


Axel Springer First-Quarter Profit Advances on International, Online Sales

German publisher said it was confident for annual sales after reporting strong revenue growth thanks to its expansion abroad and into its digital business. Continue reading at Editor & Publisher

[ Editor & Publisher | 2011-05-11 00:00:00 UTC ]
More news stories like this | News stories tagged with: #online sales #german publisher #annual sales #digital business


Sainsbury's grows book sales 20%

Written By: Lisa Campbell Publication Date: Wed, 11/05/2011 - 08:22 Sainsbury's has singled out book sales as an area of strong growth in its most recent financial year, and has said that it will now devote more new space to "non-food ranges". For the 52 weeks to 19th March 2011, the retailer... Continue reading at The Bookseller

[ The Bookseller | 2011-05-11 00:00:00 UTC ]
More news stories like this | News stories tagged with: #book sales #strong growth #20% growth


The Number of Gatefold Ads Grows 50 Percent In 1Q 2011

“High-impact” ad pages saw a mixed usage among MPA-member magazines in the first quarter of 2011, according to data gathered by Mag Radar. Continue reading at Folio Magazine

[ Folio Magazine | 2011-05-10 00:00:00 UTC ]
More news stories like this | News stories tagged with: #data gathered