Publisher of Financial Times operating profits grow to £55m in 2013 as owner Pearson announces overall slump of 21%Pearson has reported a 21% slump in its overall operating profit for 2013, as its core US education business continues to be hit by the "worst trading conditions" seen in decades. However, profits at the company's FT Group, home of the Financial Times, were up 17% to £55m.FT Group, which includes the Financial Times and Pearson's 50% stake in the Economist Group, reported sales of £449m, down 1% year-on-year, but operating profits were up 17% on 2012.Pearson chief finance officer Robin Freestone said that the FT is a profitable entity in its own right.Digital subscribers to FT.com grew 31% year-on-year to 415,000 and now represent almost two-thirds of the FT's total paying audience, powered by a 60% upsurge in corporate users.THE HTML app, which launched in 2011 and bypasses Apple iTunes so as to have a direct relationship with readers, was performing "extremely well", the group said.Mobile now accounts for nearly a quarter of all new subscriptions at the FT, it added.FT.com digital subscriptions of 415,000, more than offset the planned reductions in print circulation, the group said.However, the group said print advertising continued to be short-term and "generally weak", though the FT increased its market share with luxury and financial sectors.Overall, advertising revenues accounted for 37% of FT Group revenues in 2013, compared to 52% in 2008.Recent... Continue reading at 'The Guardian'
[ The Guardian | 2014-02-28 00:00:00 UTC ]
News tagged with:
#helen fielding
#bridget jones
#john grisham
#sycamore row
#khaled hosseini
#mountains echoed
Bertelsmann, the majority owner of Penguin Random House, has reported a 6.4% year-on-year rise in its group profit to almost €700m for the first nine months of 2017. Continue reading at The Bookseller
[ The Bookseller | 2017-11-10 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#nine-month mark
#majority owner
#group profit
Strong print and audio sales at Penguin Random House countered soft ebook sales to increase revenue 1.1% in the first half of the year. Earnings at the publisher rose 11.4%. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-08-31 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#audio sales
Although sales in the fiscal year, ended June 30, fell slightly from fiscal 2016, earnings increased 7.5% to $199 million at HarperCollins. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-08-10 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#fiscal year
#fell slightly
#$199 million
Publisher Elsevier saw revenue up 11% in the first half of 2017, to £1,171m, although underlying growth was a more modest 2%. Continue reading at The Bookseller
[ The Bookseller | 2017-07-28 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#revenue rise
#publisher elsevier
#underlying growth
Sales of JK Rowling’s much-loved books jump 133%, boosted by illustrated edition, contributing to 8% profit rise at publisherHarry Potter is still working his magic for the publisher Bloomsbury after nearly 20 years, with sales more than doubling over the past year thanks to a new illustrated... Continue reading at The Guardian
[ The Guardian | 2016-05-19 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#publisher bloomsbury
#profit rise
#jk rowling
#harry potter
#jim kay
#1m copies
Norwich-based regional publisher increases cover prices at 40 titles Three months after posting its first revenue and profit growth in eight years, regional newspaper publisher Archant has increased cover prices at most of its titles.In a message to the National Federation of Retail Newsagents... Continue reading at The Guardian
[ The Guardian | 2015-11-18 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#price rises
#profit growth
#national federation
#norwich-based company
Cambridge University Press saw sales rise 5% year-on-year at constant currency rates to £269m in the year ended April 2015, according to its latest annual report. The increase reflected "significant" expansion in its Education division, which was offset by lower increases in Academic. However... Continue reading at The Bookseller
[ The Bookseller | 2015-07-28 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#sales rise
#education division
#sharp decline
#south africa
Daily Mail and Trinity Mirror, shareholders in local newspaper publisher, to share £25m after adjusted profits for 2014 go up 12%Local World reported a 12% rise in adjusted profits last year to £43.6m, netting shareholders the Daily Mail and Trinity Mirror more than £25m to share.David... Continue reading at The Guardian
[ The Guardian | 2015-06-30 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#daily mail
#trinity mirror
#12% rise
#nottingham post
Profits at global publishing company The Quarto Group rose 26% in 2014, with profits in the UK growing 24%. In a statement filed with Companies House, Quarto said adjusted profit before tax totalled $12.1m (£7.7m) last year. Revenues were up 2% compared to 2013 to $172.6m (£110m). Continue reading at The Bookseller
[ The Bookseller | 2015-06-26 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#companies house
#adjusted profit
#2% compared
Penguin Random House delivered a "strong performance in its first full year after the merger", media group Bertelsmann has said. Penguin Random House chief executive Markus Dohle said the combined businesses had "made a powerful statement: We are stronger together" describing 2014 as "a... Continue reading at The Bookseller
[ The Bookseller | 2015-04-01 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#profits rise
#strong performance
#full year
Global profits at Scholastic Corp increased 31% to $107m (£62.9m) during the 2014 financial... Continue reading at The Bookseller
[ The Bookseller | 2014-07-24 00:00:00 UTC ]
More news stories like this |
The Telegraph Media Group made more than £60m last year, The Guardian can reveal. It is the third successive year that the company has managed to increase its operating profit.TMG is expected to report what amounts to a record figure formally in the spring when it files its accounts for the full... Continue reading at The Guardian
[ The Guardian | 2014-01-10 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#advertising revenues
Local newspaper publisher says it faced tough market in 2013, but has made no closures or redundancies during the downturnSir Ray Tindle's newspaper group made a profit of £1.4m in the year to the end of March 2013, as the publisher reported that it has not closed any titles or forced any... Continue reading at The Guardian
[ The Guardian | 2014-01-03 00:00:00 UTC ]
More news stories like this |
Random House parent company Bertelsmann reported this morning that profits at RH rose to 117 million euros from 113 million euros in the first half of 2012 despite a 3.4% sales decline to 915 million euros. Continue reading at Publishers Weekly
[ Publishers Weekly | 2013-08-30 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#profits rise
#sales decline
Profits at Simon & Schuster have risen in the in the first quarter of 2013, despite a fall in... Continue reading at The Bookseller
[ The Bookseller | 2013-05-02 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#profits rise
#simon schuster
Bloomsbury has reported a year-on-year profit boost in the final quarter of 2012, at the same... Continue reading at The Bookseller
[ The Bookseller | 2013-01-16 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#final quarter
WH Smith chief executive Kate Swann is to leave the company in 2013, after leading it to a group... Continue reading at The Bookseller
[ The Bookseller | 2012-10-11 00:00:00 UTC ]
More news stories like this |
Former Waterstones m.d. Tim Coates plans to help campaigners re-open Kensal Rise Library by... Continue reading at The Bookseller
[ The Bookseller | 2012-08-28 00:00:00 UTC ]
More news stories like this |
Random House parent company Bertelsmann has reported an increase in revenues in its first quarter... Continue reading at The Bookseller
[ The Bookseller | 2012-05-09 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#profit rise
LONDON (Dow Jones)--Pearson PLC (PSON.LN), the publisher of the Financial Times newspaper and Penguin books, Friday produced a healthy rise in first-quarter revenue, but warned profit will be down in the first half of 2012 due to seasonal effects an ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2012-04-27 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#penguin books
#first-quarter revenue