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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Trade Sales Up at HMH, But Profit Dips

Revenue in Houghton Mifflin Harcourt’s trade publishing segment rose 3.2% in the second quarter ended May 31, 2016 over the comparable period in 2015. Adjusted EBITDA fell to $322,000 from $412,000 in the second quarter of 2015. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-08-04 00:00:00 UTC ]
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Flat sales and profit at CUP

Cambridge University Press sales dropped very marginally to £268.8m in the year ended April 2016, according to its latest annual report (£169.1m in 2015), with growth levels falling back from a 5% revenue rise the year before. Continue reading at The Bookseller

[ The Bookseller | 2016-08-04 00:00:00 UTC ]
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Hachette US adds titles to mobile platform Tapas Media

Hachette Book Group has signed a new deal in the US with online mobile platform Tapas Media. Continue reading at The Bookseller

[ The Bookseller | 2016-08-03 00:00:00 UTC ]
More news stories like this | News stories tagged with: #adds titles


Digital Media Companies Continue Slow March Toward TV

It's no longer a question of "if," it's a question of "when." Digital publishers like Vox Media, BuzzFeed, Thrillist Media Group, and Mashable are all moving closer to being on TV, even though it's taking a little longer than some media-watchers might have predicted.On Friday, "daily digital... Continue reading at Advertising Age

[ Advertising Age | 2016-08-02 00:00:00 UTC ]
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New York Magazine Makes “The Case Against the Media”

Editor Genevieve Smith tells Folio: why now's the time to dig deep into public distrust. The post New York Magazine Makes “The Case Against the Media” appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2016-08-01 00:00:00 UTC ]
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2% revenue rise for Elsevier in first half

Elsevier's business trends "remain positive", with underlying revenue growth of 2% for the first half of 2016, parent company RELX Group has reported. Continue reading at The Bookseller

[ The Bookseller | 2016-07-29 00:00:00 UTC ]
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Trusted Media Brands Cuts Children’s Book Publisher

Thirty-one employees face layoffs, though magazine brands not affected. The post Trusted Media Brands Cuts Children’s Book Publisher appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2016-07-29 00:00:00 UTC ]
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PRH Had 'Solid' First Half, Pearson Says

Pearson, which has a 47% stake in Penguin Random House, reported that Increased benefits from the integration of Penguin and Random House offset "reduced demand" for ebooks. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-07-29 00:00:00 UTC ]
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Derby plans to hand 11 libraries over to volunteers

Derby city council intends to transfer 11 libraries over to volunteers in a bid to save £648,000 - but campaigners say this is the same as "destroying" them. Continue reading at The Bookseller

[ The Bookseller | 2016-07-29 00:00:00 UTC ]
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S&S Profits Up But Sales Slip

Second quarter revenue fell 6.0% at Simon & Schuster compared to the second period of 2015, but operating income rose 4.0%. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-07-28 00:00:00 UTC ]
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Thirty-year-old flaws led to Blackpool Waterstones death

The falling sign which killed Waterstones bookseller Margaret Sheridan in Blackpool last year was the result of a flaw dating back 30 years, according to local newspaper the Blackpool Gazette.  Continue reading at The Bookseller

[ The Bookseller | 2016-07-26 00:00:00 UTC ]
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New Patrick Ness novel Release coming next year

A new novel by Patrick Ness, entitled Release, will be published by Walker Books in May 2017. Continue reading at The Bookseller

[ The Bookseller | 2016-07-23 00:00:00 UTC ]
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Mackintosh wins Theakston Crime Novel of the Year

Clare Mackintosh has scooped the Theakston Old Peculier Crime Novel of the Year Award for her first thriller I Let You Go (Sphere). Continue reading at The Bookseller

[ The Bookseller | 2016-07-22 00:00:00 UTC ]
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Blackwell's Book of the Year is SPQR

Blackwell's has named Mary Beard's SPQR: A History of Ancient Rome (Profile) as its Book of the Year for 2016. Continue reading at The Bookseller

[ The Bookseller | 2016-07-22 00:00:00 UTC ]
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Quarto announces changes to leadership structure

The Quarto Group has announced changes to its leadership structure with three new positions, including a promotion for Ken Fund to the role of chief operating officer. Continue reading at The Bookseller

[ The Bookseller | 2016-07-21 00:00:00 UTC ]
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The Atlantic Prints Second Run of July/August Issue

"How American Politics Went Insane" cover creates unprecedented demand for print magazine. The post The Atlantic Prints Second Run of July/August Issue appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2016-07-20 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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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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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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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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