Fairfax Media reports a 62.9% drop in full-year profit after 5.3% fall in revenue

Despite a 45% increase in revenue from its Domain real estate advertising, publisher of the Sydney Morning Herald was unable to offset print decline• News Corp sees strong growth in digital real estate services and book publishingFairfax Media has reported a 62.9% drop in full-year profit to $83.2m after revenue decreased by 5.3%. Underlying profit fell 3.9% to $143.4m for the 12 months to 28 June despite a 45% increase in revenue from its Domain real estate advertising service. Related: Fairfax Media photo archive stuck in US warehouse after digitising deal unravels Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2015-08-13 00:00:00 UTC ]
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Joy Williams’ first novel in 20 years is coming this fall.

While we don’t know what the state of the our pandemic society will be come September, we can at least be sure that we’ll all be getting a little Joy Williams, as a treat. Specifically, a new novel—her fifth, and her first since 2000’s The Quick and the Dead, which was a runner-up for the […] Continue reading at Literrary Hub

[ Literrary Hub | 2021-03-03 21:01:23 UTC ]
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Denmark’s Lindhardt & Ringhof Reports ‘Vast Growth in Revenue’ in 2020

'Readers want both digital books as well as the "old-fashioned" print book,' says Lindhardt & Ringhof's CEO. The post Denmark’s Lindhardt & Ringhof Reports ‘Vast Growth in Revenue’ in 2020 appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2021-02-23 12:58:26 UTC ]
More news stories like this | News stories tagged with: #post denmark #print book #lindhardt ringhof #digital books


Revenue at Reed Exhibitions Sank 71% Last Year

The company behind the London Book Fair, the “retired” BookExpo, and other publishing-adjacent events saw revenue plunge by 71% in 2020 compared to 2019. Reed said that, due to the pandemic, it is managing its 2021 event schedule “flexibly.” Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-02-11 05:00:00 UTC ]
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Welbeck reports 'well-balanced' results for first year's trading

Welbeck Publishing Group has reported turnover of £13m and operating profit of £1.3m in 2019 in its inaugural financial results, taking stock of its first nine months of trading. Continue reading at The Bookseller

[ The Bookseller | 2021-02-03 21:05:10 UTC ]
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BookScan estimates 2020 full-year print market up 5.5%

Nielsen BookScan has estimated the full-year print market for 2020 at 202 million books sold for £1.76bn, a 5.2% rise in volume and a 5.5% increase in value compared to 2019. Continue reading at The Bookseller

[ The Bookseller | 2021-01-22 10:32:48 UTC ]
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Börsenverein Report Shows 2020 German Book Revenue Down 2.3 Percent

Shutdowns in December short-circuited the German market's progress in making up book sales losses from spring lockdowns. The post Börsenverein Report Shows 2020 German Book Revenue Down 2.3 Percent appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2021-01-08 15:54:29 UTC ]
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Egmont UK saw 2019 revenue dip but posted profit ahead of HarperCollins sale

Egmont UK's 2019 revenue decreased 8.9% to £37.9m but the publisher had a £369,000 pre-tax profit in the financial year before the book business was bought by HarperCollins, new figures uploaded to Companies House show. Continue reading at The Bookseller

[ The Bookseller | 2021-01-08 08:40:13 UTC ]
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Vox Media, Productsup and Zephr join this year’s Digiday Technology Awards nominees

This year’s Digiday Technology Awards recognized the tech companies driving the digital media industry forward. Pioneers in the space spearheaded everything from marketing and advertising to personalization and subscriptions. The post Vox Media, Productsup and Zephr join this year’s Digiday... Continue reading at Digiday

[ Digiday | 2020-10-06 18:30:44 UTC ]
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Seven West Media reportedly begins cancelling contract with Cricket Australia

Seven’s objections include weaker squads and reduced crowdsSummer without cricket on free-to-air TV loomsThe spectre of a summer without cricket on free-to-air TV has cast a shadow over the upcoming season amid reports Seven West Media has begun the process of cancelling its contract with... Continue reading at The Guardian

[ The Guardian | 2020-09-11 02:30:20 UTC ]
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Only 9% of Ad Buyers Have a Clear Budget for Next Year

Seven months into the novel coronavirus pandemic in the U.S., ad buyers are still entering the market with uncertainty. Spending on traditional offline media is expected to be slashed by almost a third, although this could be offset by the continued rise in digital media investment by... Continue reading at AdWeek

[ AdWeek | 2020-09-02 14:20:11 UTC ]
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Media report: Amazon plans to invest in Rackspace

San Antonio-based cloud services company Rackspace Technology Inc. could get investment from Seattle-based tech giant Amazon.com Inc., according to a Reuters report citing an anonymous source close to the deal. Amazon (Nasdaq: AMZN) would acquire a minority stake in Rackspace (Nasdaq: RXT) in... Continue reading at Silicon Valley Business Journal

[ Silicon Valley Business Journal | 2020-08-17 16:02:51 UTC ]
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Daily Mail publisher to cut up to 100 jobs as revenues fall

DMGT says quarterly print advertising down 69% and digital income down 17% The publisher of the Daily Mail, Mail on Sunday, the i and Metro is to cut up to 100 roles as the coronavirus pandemic continues to hammer the newspaper and magazine industry.Daily Mail & General Trust, which also... Continue reading at The Guardian

[ The Guardian | 2020-08-13 11:23:11 UTC ]
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HarperCollins' annual global revenue falls 4.4%

HarperCollins global revenues fell 4.4% in the financial year ending 30th June, including a 3% decline in the fourth quarter, according to figures from parent firm News Corp. Continue reading at The Bookseller

[ The Bookseller | 2020-08-07 14:12:09 UTC ]
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Quarto's revenues fall 17%, but Powell hails good UK trade performance

Quarto's revenues fell by 17% year on year in the first half of 2020, hit by the coronavirus pandemic, but UK c.e.o. Polly Powell has hailed a good trade performance for her side of the business. Continue reading at The Bookseller

[ The Bookseller | 2020-07-29 11:49:36 UTC ]
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RELX revenues drop 10% as Exhibitions business plunges

RELX, parent of Reed Exhibitions and Elsevier, recorded a 10% revenue drop in the six months to end June 2020, to £3,501m (from £3,888m), with adjusted operating profit falling 24% to £939m (£1,240m). Continue reading at The Bookseller

[ The Bookseller | 2020-07-23 02:26:48 UTC ]
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Publishers Association hails ‘biggest year ever for UK publishing’ in latest report

The PA’s annual yearbook has found across-the-board growth for the book trade, with total invoiced sales up 3.5% on its last report—but Brexit and Covid-19 could endanger the recent gains Continue reading at The Bookseller

[ The Bookseller | 2020-07-22 18:16:32 UTC ]
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US revenues fall 12.1% in May, AAP reveals

US publishing revenues fell 12.1% in May compared to the same month in 2019, according to the latest StatShot report by the Association of American Publishers. Continue reading at The Bookseller

[ The Bookseller | 2020-07-13 23:02:03 UTC ]
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5 Science Fiction Books Full of Humor

Need some cheering up and an out-of-this-world story? Pick up some of the funniest science fiction books this side of the galaxy. Continue reading at Book Riot

[ Book Riot | 2020-06-30 10:34:22 UTC ]
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NewFronts Now: Day 3 explores the news media's response to racial injustice

Welcome to Ad Age’s special-edition NewFronts Now newsletter, a roundup of the biggest news, trends, insights and takeaways from IAB’s Digital Content NewFronts.  If you're reading this online or in a forwarded email, here's the link to sign up for NewFronts Now.  Continue reading at Advertising Age

[ Advertising Age | 2020-06-24 22:02:37 UTC ]
More news stories like this | News stories tagged with: #news media #racial injustice #biggest news #takeawaysfrom iab #forwarded email #digital content


Publishing revenues to plunge and thousands of jobs at risk, report says

Publishing, including books, newspapers and magazines, could see a £7bn fall in revenue and 51,000 jobs axed due to Covid-19's effect on bookshop closures and print sales, a report claims. Continue reading at The Bookseller

[ The Bookseller | 2020-06-17 06:06:17 UTC ]
More news stories like this | News stories tagged with: #publishing revenues #including books #print sales #bookshop