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
Centre Lane Partners has taken over the role of general partner of the investment funds that supported Perseus LLC, the parent company of the Perseus Books Group. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-02-03 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#general partner
Earnings at Indigo Books & Music for the third quarter ended December 27, 2014 hit C$33 million compared to C$8.5 million in the same period in 2013. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-02-03 00:00:00 UTC ]
More news stories like this |
Andrew Thrave, director of education at GL Education Group, has left the company after 10 years. Thrave, who joined when the company was still Granada Learning, and whose role has seen him oversee the company's print and electronic publishing as well as its strategy and partnership development,... Continue reading at The Bookseller
[ The Bookseller | 2015-02-03 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#electronic publishing
#partnership development
An increase in Prime membership subscriptions helped Amazon to a fourth quarter profit. The e-commerce giant has been under pressure from investors to return a good result after reporting a loss for the previous two quarters of its financial year, but shares recovered yesterday (29th January)... Continue reading at The Bookseller
[ The Bookseller | 2015-01-31 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#e-commerce giant
#financial year
Apple has recorded a quarterly net profit of £18bn for its first fiscal quarter, said to be the biggest ever for a public company. The company’s results, for the quarter ending 27th December 2014, also showed quarterly revenue of £74.6bn, up 29% from $57.6bn in the same period the year... Continue reading at The Bookseller
[ The Bookseller | 2015-01-29 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#public company
#fiscal quarter
#net profit
#app store
Meredith is soon going to have to be designated the best magazine company in the country. The post Meredith Rises and AMI Recedes With the Acquisition of Shape appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2015-01-28 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#magazine company
At its heart, Twitter seems to be suffering from some sort of existential crisis, struggling to work out if it's a social network, a messaging service or a publishing platform. Today sees the company launch two features that, if we're honest, only re... Continue reading at Engadget
[ Engadget | 2015-01-27 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#existential crisis
#messaging service
#publishing platform
Schoolchildren’s increased interest in books attributed to school campaigns and better targeting by publishersDespite a myriad of new media competing for their attention, Danish children are bucking the trend and reading more books today than they did 14 years ago.A survey of 1,999... Continue reading at The Guardian
[ The Guardian | 2015-01-26 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#increased interest
#read books
#free time
#digital devices
Madeline McIntosh, who was named president of the Penguin Publishing Group last September, put her own stamp on the division last week. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-01-16 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#madeline mcintosh
#named president
The number of youngsters reading for pleasure has declined sharply, but this sector of publishing is booming – which results in some very strange mathsAre children reading less – or more? I’m confused. If less, then what happened to the 854,262 copies of John Green’s The Fault in Our Stars that... Continue reading at The Guardian
[ The Guardian | 2015-01-15 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#awful auntie
#jeffrey archer
#sales figures
'American Sniper,' the memoir by the former Navy SEAL Chris Kyle, ousted Laura Hillenbrand’s 'Unbroken' from the top spot on Apple’s iBooks bestseller list, for the week ended January 12. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-01-13 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#ibooks bestsellers
#american sniper
Hodder Education has acquired independent publisher Rising Stars, which publishes curriculum, assessment and revision resources for primary schools. Rising Stars will retain its imprints and branding and Andrea Carr, founder and m.d., and her team of 28 staff will remain with the... Continue reading at The Bookseller
[ The Bookseller | 2015-01-08 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#hodder education
#primary schools
#rising stars
Parragon Books has posted an operating profit of £19.4m in 2014 compared to a loss of £6m the year before, thanks to a company restructure earlier in the year. For the year ending the 31st March 2014, turnover fell 14% to £48m from £56m but “the overall improvement in profitability was due to a... Continue reading at The Bookseller
[ The Bookseller | 2015-01-03 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#year ending
#parragon books
#operating profit
Haynes Publishing Group has issued a profit warning, citing "soft" trade and tighter inventory controls from retailers. The car manuals publisher said its half year results, which will be posted at the end of January, will be "seriously impacted" by "key consumer retailers implementing working... Continue reading at The Bookseller
[ The Bookseller | 2014-12-23 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#profit warning
#small profit
#bookseller understands
HarperCollins UK saw huge growth in profits for the year ended June 30th 2014, despite a fall in turnover for the company. The company's annual results have also revealed that former c.e.o. Victoria Barnsley received £1.39m when she left the company. Turnover at the publisher fell on the... Continue reading at The Bookseller
[ The Bookseller | 2014-12-20 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#profits double
#hc uk
#harpercollins uk
#huge growth
#annual results
Bleak results for Rupert Murdoch’s British newspapers and book publisher Rupert Murdoch’s British newspaper and publishing division suffered an operating loss of £3.5m in the year up to June 2014 compared to a £51m profit the year before.The loss by News Corp UK & Ireland, which owns the... Continue reading at The Guardian
[ The Guardian | 2014-12-17 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#operating loss
#rupert murdoch
#british newspapers
#british newspaper
#accounts filed
#companies house
The French Publishers Association (Syndicat National de l’Edition, SNE) has warned its members that France may raise VAT on ebooks from 5.5% to the standard 20% during the first half of next year to avoid a fine of several million euros from the European Court of Justice, according to the trade... Continue reading at The Bookseller
[ The Bookseller | 2014-12-09 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#million euros
#european court
This essay is adapted from Hacker, Hoaxer, Whistleblower, Spy: The Many Faces of Anonymous, by Gabriella Coleman, published by Verso. On the evening of Thursday, Dec. 11, Coleman will be discussing her book with the ACLU’s Christopher Soghoian at a free Future Tense happy hour event in... Continue reading at Slate
[ Slate | 2014-12-08 00:00:00 UTC ]
More news stories like this |
A crowd of mourners gather as pallbearers carry in a black coffin and shroud it with a Canadian flag. Eulogies flow for James "Logan" Howlett, taken too soon. Continue reading at Stuff
[ Stuff | 2014-12-06 00:00:00 UTC ]
More news stories like this |
Multinational companies like Amazon and Apple will pay a 25% tax on their UK profits, Chancellor George Osborne announced today (3rd December). Delivering the Autumn Statement in the House of Commons, Osborne specifically mentioned large companies “including in the tech sector” would be... Continue reading at The Bookseller
[ The Bookseller | 2014-12-04 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#tax avoidance
#multinational companies
#autumn statement
#tech sector
#global companies