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 ]
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Programmatic is one element of an ever-changing advertising landscape, but its impact can't be overstated. At its core are data-driven efficiencies and audience activation and it has captured brand interest as a key marketing strategy while both publishers and agencies overhaul their own... Continue reading at Folio Magazine
[ Folio Magazine | 2015-07-29 00:00:00 UTC ]
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Under the leadership of Dato, Karangkraf Media Group has become perhaps the most dominant book publisher and printer in Malaysia. The post Malaysia’s Karangkraf Media Group Does It All appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2015-07-28 00:00:00 UTC ]
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Days after the film adaptation of 'Paper Towns' hit theaters, John Green's 2008 novel hit #1 on Apple's iBooks bestseller list. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-07-28 00:00:00 UTC ]
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Ed Greenwood, best known as the bearded creator of the Forgotten Realms universe for Dungeons and Dragons, is launching an unconventional publishing group of his own, called The Ed Greenwood Group (TEGG). Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-07-28 00:00:00 UTC ]
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Pearson has confirmed it is in “advanced discussions” to sell the FT Group. Press speculation has been rife this week that a sale has been made ahead of Pearson’s half-year results, which are due to be reported tomorrow morning (24th July). While Pearson confirmed it is in talks to sell the FT... Continue reading at The Bookseller
[ The Bookseller | 2015-07-24 00:00:00 UTC ]
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Pearson has sold the FT Group to the Japanese Nikkei Inc for £844m. The company confirmed earlier today it was in “advanced talks” on the sale of the FT Group, which includes the Financial Times, and has now revealed Nikkei will buy the group for a gross consideration of £844m, payable in cash. Continue reading at The Bookseller
[ The Bookseller | 2015-07-24 00:00:00 UTC ]
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Publishing group Pearson - which is selling its Financial Times newspaper - reports a first half loss of £115m compared with £36m a year earlier. Continue reading at BBC News
[ BBC News | 2015-07-24 00:00:00 UTC ]
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Cloud services continue to grow by leaps and bounds for Amazon.com.The company reported that Amazon Web Services generated $1.8 billion in sales in the second quarter, up about 80 percent from the $1 billion it brought in a year earlier.That helped Amazon achieve a profit of $92 million, a... Continue reading at PC World
[ PC World | 2015-07-24 00:00:00 UTC ]
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Penguin Random House contributed 24 million pounds in operating profit to Pearson in the first half of 2015, up from 18 million pounds in the same period in 2014. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-07-24 00:00:00 UTC ]
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Staff take to Twitter over surprise £844m sale by Pearson to media group NikkeiFinancial Times journalists reacted with shock and wry, occasionally dark humour at the 127-year-old newspaper’s surprise £844m purchase by Japanese media group Nikkei.The head of the FT’s Lex column, Robert... Continue reading at The Guardian
[ The Guardian | 2015-07-23 00:00:00 UTC ]
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Publishing group Pearson has announced it is to sell the Financial Times Group to Japanese media firm Nikkei for £844m in cash. Continue reading at BBC News
[ BBC News | 2015-07-23 00:00:00 UTC ]
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Scholastic reported revenue of $1.63 billion in the fiscal year ended May 31, 2015. The company reported earnings from continuing operations of $15.5 million, compared to $13.3 million in fiscal 2014. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-07-23 00:00:00 UTC ]
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Books about angels are growing increasingly popular with six titles expected for release over the next few months. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-07-20 00:00:00 UTC ]
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Describe your role I project manage the creation of our audiobooks by a wide range of fiction and non-fiction authors. This involves reading manuscripts and identifying books to record, acquiring audio rights if necessary, casting the right voices to bring stories to life and arranging... Continue reading at The Bookseller
[ The Bookseller | 2015-07-18 00:00:00 UTC ]
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The Rizzoli Bookstore will reopen July 27 in New York City, and Books. Inc. puts the finishing touches on its grand opening of its new Berkeley store this weekend. New stores opened in Fresno and in New Richmond, Ohio. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-07-17 00:00:00 UTC ]
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IPR License is reporting that demand for self-publishing audiobook rights has risen 58% over the first half of 2015. The post Self-Published Audiobook Rights on the Rise, says IPR License appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2015-07-17 00:00:00 UTC ]
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Authors can debut at any age — even after 40, the de facto cut off for young writers — and in the UK a new group is fighting the ageist bias. The post UK Group to Fight Bias Against Older Debut Authors appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2015-07-16 00:00:00 UTC ]
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Emmanuel Roman, the c.e.o. of the Man Group, sponsor of the Man Booker Prize, has joined the board of directors of Penguin Random House. Roman will act as an independent director. He has served as c.e.o. of the London-based Man Group since 2013. As well as a career in investment, Roman has... Continue reading at The Bookseller
[ The Bookseller | 2015-07-10 00:00:00 UTC ]
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John Green’s 'Paper Towns' ascended to #3 on Apple’s iBooks bestseller list for the week ended on July 6. E.L. James’s 'Grey' took the top spot on the list. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-07-08 00:00:00 UTC ]
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Profits at Oxford University Press (OUP) were down slightly in the year to the end of March 2015 because of “difficult trading conditions”, the company has said. OUP had a total turnover of £767m in the 12 months to 31st March this year, up from £759m the year before, it revealed in its annual... Continue reading at The Bookseller
[ The Bookseller | 2015-07-04 00:00:00 UTC ]
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