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
Cheltenham Literature Festival had a “record-breaking” 2014, with almost 140,000 tickets sold, up 7% from the year before. People from all bar three UK postcodes attended the festival, and both Saturdays of the 10-day event saw more than 20,000 in attendance. Meanwhile Waterstones, the... Continue reading at The Bookseller
[ The Bookseller | 2014-11-01 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#7% year
#sales increase
Publishers and retailers will aim to prevent ebook prices from soaring when a new European-wide VAT law on digital products is introduced on 1st January. Following a European Commission ruling dating back to 2008, ebooks and other digital services—including broadcasting and... Continue reading at The Bookseller
[ The Bookseller | 2014-10-28 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#e-book prices
#digital products
#1st january
At this year’s show, which took place October 23-24 in San Francisco, executive director of NCIBA, Hut Landon, said the trade organization's "financial picture is solid." Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-10-28 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#hut landon
#trade organization
Orion has created a new group publicity department, to be headed by Helen Richardson, who takes on the role of group publicity and communications director. The new department will comprise of two teams – a non-fiction team led by deputy publicity director Elizabeth Allen, and a fiction team led... Continue reading at The Bookseller
[ The Bookseller | 2014-10-25 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#helen richardson
#group publicity
#communications director
Bloomsbury has seen a fall in revenue and profits for the first half of 2014, with the adult publishing division down following a strong performance in the previous year. For the six months ending 31st August 2014, the publisher had turnover of £46.6m, down 5% from £49.2m in the same period in... Continue reading at The Bookseller
[ The Bookseller | 2014-10-24 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#adjusted profit
#strong performance
Publisher Quarto Group is aiming for profits of more than $12m this year, chief financial officer (c.f.o.) Mick Mousley said at an analysts’ dinner in London yesterday (15th October). “Normalised profit was $11.4m (£7.1m) last year but market expectations are $12.2m (£7.6m) this year,” he... Continue reading at The Bookseller
[ The Bookseller | 2014-10-17 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#annual profits
Both the Texas Teen Book Festival and the Boston Book Festival kick off this weekend. And Greenlight Books in Brooklyn, N.Y., and Oblong Jr. in Millerton, N.Y., are turning 5 and 20, respectively. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-10-17 00:00:00 UTC ]
More news stories like this |
A little more than two months after the deal to sell the Perseus Books Group to the Hachette Book Group USA and Ingram fell apart, Perseus CEO David Steinberger has implemented a restructuring. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-10-16 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#ingram fell
Average print and digital circulation of magazine publisher behind Cosmopolitan, Mens Health and Esquire down by 8.4% Continue reading... Continue reading at The Guardian
[ The Guardian | 2014-10-09 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#digital circulation
#magazine publisher
#mens health
Marie Claire and NME publisher, formerly known as IPC Media, reports £21.5m profit as revenues fall 7% year on year Continue reading... Continue reading at The Guardian
[ The Guardian | 2014-10-07 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#marie claire
#ipc media
In another step in the integration of Penguin and Random House, the company has completed the buyout process of eligible members within the PRH sales group. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-09-30 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#random house
The Athens (Ohio) NEWS, a twice-weekly newspaper launched in 1977 by Bruce Mitchell, is being sold to Adams Publishing Group (APG) Media of Ohio LLC, a family owned newspaper company with headquarters in Minnesota. Mitchell and ownership ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2014-09-25 00:00:00 UTC ]
More news stories like this |
The winner will be announced at a dinner ceremony on November 11 in London, and will receive £30,000, with each shortlisted author receiving £10,000. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-09-24 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#shortlist announced
#business book
Growth of 3.9% in net revenue for the overall trade publishing sector in the US for the first... Continue reading at The Bookseller
[ The Bookseller | 2014-09-19 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#net revenue
Ali Larter, author of 'Kitchen Revelry' (St. Martin’s Press, 9781250036353) will appear on 'The Chew' on Wednesday, September 17. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-09-17 00:00:00 UTC ]
More news stories like this |
Following the Frankfurt Book Fair’s sponsorship of The Bookseller’s Rising Stars list... Continue reading at The Bookseller
[ The Bookseller | 2014-09-12 00:00:00 UTC ]
More news stories like this |
John Wiley & Sons has reported a 4% year-on-year revenue rise at constant currency for the... Continue reading at The Bookseller
[ The Bookseller | 2014-09-09 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#constant currency
Fourteen months after the completion of the Random House–Penguin Group merger, PRH CEO Markus Dohle has created the Penguin Publishing Group, which puts all Penguin adult imprints under Madeline McIntosh, who was named president of the new unit. The move is Dohle’s most aggressive yet in... Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-09-05 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#named president
#madeline mcintosh
#editorial operations
#random house
Century is to publish a book by former IRA member turned informant Sean O’Callaghan,... Continue reading at The Bookseller
[ The Bookseller | 2014-09-05 00:00:00 UTC ]
More news stories like this |
The transformation of Penguin Random Houses’ editorial operations began in earnest today with the announcement of the creation of the Penguin Publishing Group. The new unit, which will house all of Penguin’s adult imprints, will be headed by Madeline McIntosh, currently president of U.S.... Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-09-03 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#penguin group
#adult imprints
#madeline mcintosh