FT Group profits rise 17%

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

Other Publishing stories related to: 'FT Group profits rise 17%'

Group Commerce Adds CBS to Its Offer Roster

Group Commerce, the year-old start-up that operates "white label" e-commerce services for big media companies, has another notch in its belt. The New York-based company is now powering offers for 29 CBS radio stations, bringing its roster total to 15 clients, including the New York Times and... Continue reading at AllThingsD

[ AllThingsD | 2012-03-07 00:00:00 UTC ]
More news stories like this | News stories tagged with: #york-based company #meredith corp #company plans #smaller publishers

BCA could be rescued from failed Webb Group

The former owners of Book Club Associates (BCA) have said they would like to see the business... Continue reading at The Bookseller

[ The Bookseller | 2012-03-07 00:00:00 UTC ]
More news stories like this |

French booksellers cautiously optimistic over VAT rise

French booksellers are cautiously optimistic that their margins will not be squeezed when VAT on... Continue reading at The Bookseller

[ The Bookseller | 2012-03-05 00:00:00 UTC ]
More news stories like this | News stories tagged with: #french booksellers #cautiously optimistic

Lindles: Jeremy Lin, Amazon Kindle, And The Rise Of Insta-Authors

Jeremy Lin has inspired a lot of rabid fans, magazine features, and six-figure book deal offers. But he's also fueled a new breed of lightning-fast ebook authors. Alan Goldsher, author of "Linsanity: The Improbable Rise of Jeremy Lin," is one of the fastest (and slickest). In the days before... Continue reading at Fast Company

[ Fast Company | 2012-02-23 00:00:00 UTC ]
More news stories like this | News stories tagged with: #ryan gosling #tim tebow #mental health #getty images

Sales and profit up at Quarto

International co-edition publisher Quarto has pledged to "redouble" its efforts to... Continue reading at The Bookseller

[ The Bookseller | 2012-02-21 00:00:00 UTC ]
More news stories like this |

B&N profit sinks, launches new Nook

Profit at US bookseller Barnes & Noble sank 12% in the third quarter, despite both physical... Continue reading at The Bookseller

[ The Bookseller | 2012-02-21 00:00:00 UTC ]
More news stories like this |

Elsevier increases sales and profits

Elsevier increased sales and profit in 2011 as the company said the decline in print sales was... Continue reading at The Bookseller

[ The Bookseller | 2012-02-16 00:00:00 UTC ]
More news stories like this | News stories tagged with: #print sales

Hearst Ups Equity Interest in Fitch Group to 50 Percent

Hearst Corporation has upped its equity interest in global credit ratings agency Fitch Group again, adding an additional 10 percent. The transaction, valued at $177 million, brings Heart’s total equity interest to 50 percent. Continue reading at Folio Magazine

[ Folio Magazine | 2012-02-10 00:00:00 UTC ]
More news stories like this | News stories tagged with: #hearst corporation

Boulder Newspaper Publisher to Lay Off 17

BOULDER - The Boulder-based publisher of the Daily Camera will lay off 17 advertising design and production employees in an outsourcing move, the newspaper reported Wednesday, Jan. 8. Continue reading at Editor & Publisher

[ Editor & Publisher | 2012-02-08 00:00:00 UTC ]
More news stories like this |

News Corp to Buy Minority Stake in Dubai's Media Company Moby Group

Rupert Murdoch's US media giant News Corp is expanding its presence in the Middle East media market and beyond by agreeing to acquire a minority stake in Dubai-based media company Moby Group. Under the deal, News Corp will relinquish its 50 per ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2012-01-18 00:00:00 UTC ]
More news stories like this | News stories tagged with: #rupert murdoch #minority stake

Random House Group UK to tout authors as speakers

Random House is diversifying into author management with the launch of an international speakers... Continue reading at The Bookseller

[ The Bookseller | 2012-01-13 00:00:00 UTC ]
More news stories like this | News stories tagged with: #random house

Berrett-Koehler Posts Another Profitable Year

Twenty years after he founded the indie San Francisco press Berrett-Koehler Publishers, Steve Piersanti continues to stay focused on the company’s original mission of stewardship and socially responsible publishing practices. That commitment has led B-K to be profitable for nine years in a row,... Continue reading at Publishers Weekly

[ Publishers Weekly | 2012-01-13 00:00:00 UTC ]
More news stories like this | News stories tagged with: #profitable year #twenty years