Fairfax Media announces half-year profit and plan to keep printing newspapers

Greg Hywood says company will keep printing Sydney Morning Herald and the Age ‘for some years yet’ and may spin off Domain real estate business Fairfax Media will continue to print its daily newspapers for several years, its chief executive, Greg Hywood, confirmed at the company’s results meeting. The publisher tripled its profits to $84m in the half-year to December 2016 compared to the same period last financial year.“While we have considered many options, the model we have developed involves continuing to print our publications daily for some years yet,” Hywood said. “This is the best commercial outcome for shareholders based on current advertising and subscription trends.” Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2017-02-22 00:00:00 UTC ]
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PEN America Announces Two New Awards

PEN America has announced the PEN/Jean Stein Book Award and the PEN/Jean Stein Grant for Oral History. The former, which comes with a $75,000 purse, will confer one of the biggest monetary awards in the country. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-07-20 00:00:00 UTC ]
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RNA to award agent and publisher of the year

The Romantic Novelists’ Association has added two new categories to its industry awards: Agent of the Year and Publisher of the Year. Continue reading at The Bookseller

[ The Bookseller | 2016-07-19 00:00:00 UTC ]
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Amazon paid less UK tax last year

Accounts show that Amazon paid less tax in the UK in 2015 than a year earlier despite rising UK sales and a change to its accounting methods following the introduction of the so-called Google Tax, The Bookseller can reveal. Continue reading at The Bookseller

[ The Bookseller | 2016-07-19 00:00:00 UTC ]
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Random House Studio Sold to Fremantle Media

The film development unit Random House launched in 2007 (which was then called Random House Films), has been sold to Fremantle Media North America. Peter Gethers, longtime head of RH Studio, will stay on as an executive v-p at the newly owned unit. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-07-19 00:00:00 UTC ]
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Pearson UK 'ahead of plan' on 2016 job cuts

A spokesperson for Pearson UK has said the company is "80% of the way there and ahead of plan" on its latest job-cutting restructure, as the wider company looks to make £250m annualised cost savings globally this year plus a further £100m in 2017. Continue reading at The Bookseller

[ The Bookseller | 2016-07-15 00:00:00 UTC ]
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Why the 2016 Folio: Show Is a Can’t-Miss Media Industry Event

Tony Silber, vice president of Folio:, gives a preview of what's new and exciting for the most comprehensive magazine industry conference. The post Why the 2016 Folio: Show Is a Can’t-Miss Media Industry Event appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2016-07-15 00:00:00 UTC ]
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Strength in depth sees print sales soar in the first six months

Print sales in the UK in the first six months of 2016 rocketed up 9.3% year on year to £644.9m, the market’s biggest half-year percentage rise in 14 years, and the second-largest jump since Nielsen BookScan full-market data began in 2001. Continue reading at The Bookseller

[ The Bookseller | 2016-07-15 00:00:00 UTC ]
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Ursula K Le Guin to publish Earthsea story in print for first time

The Daughter of Odren will be published in new omnibus edition of the much-loved fantasy sequence to mark the 50th anniversary of The Wizard of EarthseaA story from Ursula K Le Guin’s world of Earthsea that has never been published in print before is due to be released to mark the 50th... Continue reading at The Guardian

[ The Guardian | 2016-07-15 00:00:00 UTC ]
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Kensington Adding Print Line to Lyrical Press

Kensington Publishing will add a mass market paperback line to its Lyrical Press imprint, Kensington’s digital first unit that it bought in January 2014. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-07-14 00:00:00 UTC ]
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Wrexham Council scraps plans to outsource libraries

Wrexham Council is scrapping plans to hand over its libraries to a trust after a review revealed it would cost it £200,000 a year less to continue running the facilities itself. Continue reading at The Bookseller

[ The Bookseller | 2016-07-12 00:00:00 UTC ]
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Printing and production costs likely to rise

Printing and production costs are likely to go up following Brexit, which may lead to publishers increasing book prices, members of the Independent Publishers Guild have been warned. Continue reading at The Bookseller

[ The Bookseller | 2016-07-12 00:00:00 UTC ]
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Lutheran Publisher Augsburg Press Renamed 1517 Media

Augsburg Fortress, the publishing house of the Evangelical Lutheran Church in America and the parent company of publishing units Augsburg Fortress, Fortress Press, and Sparkhouse, is adopting the new name of 1517 Media. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-07-11 00:00:00 UTC ]
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Portwood on OUP’s ‘challenging’ year

Volatility in international markets and a shift in library purchasing patterns were two components in making 2015 a “very challenging” year for Oxford University Press, c.e.o. Nigel Portwood has said. Continue reading at The Bookseller

[ The Bookseller | 2016-07-08 00:00:00 UTC ]
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Fresh plans to cut 22 more libraries across England emerge

Libraries across the country continue to be threatened with closure, with councils proposing to close 22 venues altogether across Swindon, Gateshead and Coventry. Continue reading at The Bookseller

[ The Bookseller | 2016-07-08 00:00:00 UTC ]
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Just Buffalo Literary Center Celebrates Its 40th Year

The Buffalo, N.Y., literary center distinguished itself from the beginning by putting an emphasis on working with young people. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-07-08 00:00:00 UTC ]
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Reuters Printing Special Edition Magazine for National Conventions

Reg Chua talks to Folio: about The American Voter and creating a "timeless" issue. The post Reuters Printing Special Edition Magazine for National Conventions appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2016-07-08 00:00:00 UTC ]
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The Revival of Print Books Continues

So far in 2016, sales of print books are up 6% over last year, despite the lack of a single runaway bestseller. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-07-08 00:00:00 UTC ]
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Could SmartNews Prove To Be The Media's Unlikely Sidekick?

The news app is raising more money and once again heading for the U.S.In the wake of Facebook's decision to pull back from publishers and focus more on connecting friends and family, the media is looking for a distribution method it can count on. SmartNews, which just raised $38 million, is... Continue reading at Fast Company

[ Fast Company | 2016-07-08 00:00:00 UTC ]
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