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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The newest of four yearly reports from Hachette Book Group sees staff BIPOC diversity increasing by 2.5 percent in 2022. The post Hachette Book Group: BIPOC Diversity at 36.4 Percent appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2023-04-11 14:35:23 UTC ]
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The Halo Rise is also a small but significant piece of Amazon’s ongoing foray into health and wellness. For $140 (on sale now for $100), the Rise uses motion sensing to predict and track your breathing rate and calculate how long you’ve slept.Like Google’s Nest Hub, which also uses motion... Continue reading at Engadget
[ Engadget | 2023-04-06 11:15:05 UTC ]
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Sales at Penguin Random House rose nearly 5% in 2022, but rising costs resulted in an 11.8% decline in earnings, which dropped to €666 million. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-03-30 04:00:00 UTC ]
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Nielsen and rivals are challenged by homes that only stream to mobile devices, which are growing fast but not included in big data sets. Continue reading at Advertising Age
[ Advertising Age | 2023-03-27 14:00:00 UTC ]
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Stocks that traded heavily or had substantial price changes Friday: Oxford Industries, Scholastic fall, Activision rises Continue reading at ABC News
[ ABC News | 2023-03-24 20:31:47 UTC ]
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This year’s Nielsen table shows 12 months of growth among the UK’s leading creative agencies, albeit on a smaller scale than in 2021 and not spread evenly across the board Continue reading at Media Week
[ Media Week | 2023-03-23 14:34:42 UTC ]
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Sentenced as a teenager to 15 years for “unlawful assembly,” Abdelrahman ElGendy started recording the abuses of prison life. The idea of someday publishing his memoir gave him a reason to live. Continue reading at The New York Times
[ The New York Times | 2023-03-17 09:00:36 UTC ]
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Among the week's headlines: Federal library funding hangs in the balance as the 2024 budget process ramps up; Arkansas passes a controversial bill aimed at restricting libraries; a Michigan prosecutor threatens to charge a local library director for refusing to pull Maia Kobabe's 'Gender Queer'... Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-03-17 04:00:00 UTC ]
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Many readers are back to meeting in person after being forced to embrace Zoom book clubs during the pandemic. Continue reading at HuffPost
[ HuffPost | 2023-03-16 09:45:02 UTC ]
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The Norwegian developer of bespoke audiobook platforms, Beat Technology, is creating a new service, 'Volume,' for Poland's Sonia Draga. The post Poland’s Draga Group Announces an Audiobook Platform appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2023-03-13 18:04:35 UTC ]
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The steady pace of acquisitions in the printing world continued this week with the announcements of CJK Group's purchase of McNaughton & Gunn and BR Printers' acquisition of JP Graphics. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-03-02 05:00:00 UTC ]
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The highlight of a new operating structure for Penguin Random House is the creation of separate Random House and Crown adult publishing groups. No replacement has been named for departing PRH US CEO Madeline McIntosh. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-02-28 00:00:00 UTC ]
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Unpublished authors in their 60s, 70s and 80s are now at a premium in the book world – with radical, edgy women in high demandThe literary world is often accused of an obsession with youth, from multiple awards targeted at authors under 40 to publishers who hunt for new voices exclusively among... Continue reading at The Guardian
[ The Guardian | 2023-02-25 07:00:46 UTC ]
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Beyond traditional workshop: Rachel May and Krys Malcolm Belc offer a chapbook-oriented reading list for literary innovation. | Lit Hub Reading Lists A century of Weird Tales: Some of the best fantasy and horror stories you can read online from “the magazine that never dies.” | Lit Hub What... Continue reading at Literrary Hub
[ Literrary Hub | 2023-02-17 11:30:49 UTC ]
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Among the week's headlines: PEN America reports that 'educational censorship' bills are continuing to spread nationwide; the Utah Library Association delivers a powerful statement on censorship; and registration is now open for the 2023 ALA Annual Conference, set for June 22-27 in Chicago. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-02-17 05:00:00 UTC ]
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With a full year of sales from its purchase of Workman Publishing in its pockets, Hachette Book Group saw revenue rise over 2021, but higher costs dropped profits. Results at HBG parent, Lagardère Publishing, followed a similar pattern. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-02-15 05:00:00 UTC ]
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Bramble will publish its inaugural title, Jennifer Armentrout's 'Fall of Ruin and Wrath,' in September 2023, with industry veteran Monique Patterson tapped as its v-p and editorial director. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-02-14 05:00:00 UTC ]
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All hail the paperback release. * Tessa Hadley, Free Love (Harper Perennial, February 7) The HarperCollins Union has been on strike since November 10, 2022. Literary Hub stands in solidarity with the union. Please consider donating to the strike fund. “The stories of break and repair in this... Continue reading at Literrary Hub
[ Literrary Hub | 2023-02-02 16:04:29 UTC ]
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It’s January and you know what that means—a reset for your TBR pile! There are so many amazing books to look forward to in 2023, but before we get too far into the new year, I think it’s worth spotlighting some of the titles you might have missed last year. And 2022 was an incredible […] The... Continue reading at Electric Literature
[ Electric Literature | 2023-01-27 12:05:00 UTC ]
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Prince Harry's 'Spare' sold more than 195,000 copies in its second week on sale, helping to lift print book sales 1.2% last week over 2022. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-01-25 05:00:00 UTC ]
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