HMV issues third profit warning

Written By: Lisa Campbell Publication Date: Tue, 05/04/2011 - 09:39 The struggling HMV Group has bought more time to pass covenant tests while issuing a third profit warning. The group, which owns Waterstone's, said "trading conditions have remained difficult" since it issued its last profit warning a month ago and admitted that full year profit before tax was likely to be £30m—£8m down on its last prediction. The figure is less than half of last year's profit of £74.2m and a third down on the £45m city analysts forecasted at the beginning of the year. read more Continue reading at 'The Bookseller'

[ The Bookseller | 2011-04-05 00:00:00 UTC ]
News tagged with: #profit warning #month ago

Other news stories related to: "HMV issues third profit warning"


Quarto achieves 'most profitable year' as Chadwick steps down

The Quarto Group has seen its "most profitable year ever", the company said, while announcing its chairman Tim Chadwick has decided to step down from the board. Continue reading at The Bookseller

[ The Bookseller | 2016-03-18 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #quarto group #profitable year


The Onion Is Back in Print, for One Issue Only

Print-lovers, rejoice! At a tech festival, no less: The Onion, which stopped publishing a print edition in December 2013, is returning to print for one issue only as part of a partnership with Yoplait's Plenti Oatmeal Meets Greek Yogurt, starting with distribution at South by Southwest... Continue reading at Advertising Age

[ Advertising Age | 2016-03-14 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #monday morning #stopped publishing


'Some people won’t be happy' about my new book, Blackman warns

Malorie Blackman is excited about the publication of her first standalone novel in four years but has warned that “some people won’t be happy” about its frank depiction of sex. Continue reading at The Bookseller

[ The Bookseller | 2016-03-14 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #malorie blackman


Bloomberg Pursuits Magazine Adds Issues, Expands Presence on Bloomberg TV

These days, it's rare for any publication to double down on print. But that's just what Bloomberg Pursuits magazine is doing, increasing in frequency to six times a year, starting with its March issue.The magazine, which focuses on "intelligent luxury" and goes out to subscribers of the... Continue reading at Advertising Age

[ Advertising Age | 2016-03-01 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #march issue #bloomberg tv #biannual magazine


Profits Jump at Penguin Random House

Pearson reported that its share of adjusted operating profit from Penguin Random House rose 30% in 2015 over 2014, hitting 90 million pounds from 69 million pounds in 2014. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-02-26 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #pearson reported #profits jump


Fairfax Media posts $27.4m profit despite lower print advertising revenue

Property website Domain increases digital revenue by 37% and continues to prop up Fairfax’s overall profit as editorial restructure is announcedFairfax Media, publishers of the Age and the Sydney Morning Herald, have returned a net profit of $27.4m for the first half of the financial year... Continue reading at The Guardian

[ The Guardian | 2016-02-19 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #print advertising #financial year #editorial restructure #net profit


Waterstones three years from fiscal autonomy despite upturn, Daunt warns

Waterstones must sustain three years of consecutive profit-making before the company can “stand on its own two feet” and not rely on the “charity” of its owner, the chain’s m.d. James Daunt has said. Continue reading at The Bookseller

[ The Bookseller | 2016-02-15 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #james daunt #daunt warns


Middle Grade neglect risks isolating generation of readers, author warns

Authors and critics are warning that Middle Grade children’s books, for readers aged eight to 12 years, are failing to get the attention they merit from the media and book prize organisers because of the dominance of Young Adult titles. Continue reading at The Bookseller

[ The Bookseller | 2016-02-15 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #readers aged


Profits Up Nearly 13% At Simon & Schuster

An increase in operating efficiencies, higher backlist sales, and lower returns drove double-digit earnings increases. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-02-12 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #simon schuster


Profits at S&S Up Nearly 13% in 2015

Simon & Schuster finished 2015 with a $2 million increase in revenue over 2014, with operating income up 12.9% to $114 million. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-02-11 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #$114 million #operating income


News Corp. Plummets as Profit Trails Estimates on Ad Revenue

Shares of News Corp., controlled by billionaire Rupert Murdoch, had a record decline after the publisher of the Wall Street Journal and New York Post reported fiscal second-quarter profit that missed analysts' estimates.Earnings, excluding some items, were 20 cents a share in the period ended... Continue reading at Advertising Age

[ Advertising Age | 2016-02-06 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #york trading #estimated $2 #projections compiled #ad revenue #york-based company #year earlier


JK Rowling's empire lowers the drawbridge, boosts profits

The renowned author's digital publishing house, Pottermore, has retained a monopoly on the sale of Harry Potter ebooks and audio titles ever since its launch. But times they are a-changing, and the company's strategy is undergoing seismic shifts. Continue reading at The Christian Science Monitor

[ The Christian Science Monitor | 2016-01-29 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #audio titles #renowned author #jk rowling


More Americans are Going to Start Using Adblockers in Next 3 Months, Trade Group Warns

The number of Americans using adblockers will grow over the next three months, according to a report released today by Digital Content Next, a trade group representing online publishers.   The study estimates that about a third of Amer ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2015-12-10 00:00:00 UTC ]
More news stories like this |


HMV Opens Dazzling New Flagship Bookstore in Tokyo

In Japan, the HMV and Tower Records brands live on, with HMV opening a new flagship bookstore in Tokyo's Shibuya neighborhood. The post HMV Opens Dazzling New Flagship Bookstore in Tokyo appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2015-11-30 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #flagship bookstore


Gardners' profit down but international sales growing

Gardners’ turnover and profit was down last year in a ‘competitive and challenging” market, but international sales at the company performed strongly. Continue reading at The Bookseller

[ The Bookseller | 2015-11-24 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #international sales #challenging market


Archant promises newsagents £370,000 extra profit with price rises

Norwich-based regional publisher increases cover prices at 40 titles Three months after posting its first revenue and profit growth in eight years, regional newspaper publisher Archant has increased cover prices at most of its titles.In a message to the National Federation of Retail Newsagents... Continue reading at The Guardian

[ The Guardian | 2015-11-18 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #profit growth


Winterson warns against further cuts to the arts

Jeanette Winterson has said that as a society "we've got our values all wrong" as she warned against further cuts to the arts ahead of the Chancellor’s autumn statement on 25th November. Continue reading at The Bookseller

[ The Bookseller | 2015-11-14 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #autumn statement #jeanette winterson


Business-Focused 417 Magazine Spin-Off Publishes First Issue

The new bimonthly magazine seeks to provide Southwest Missouri with "networking in print." The post Business-Focused 417 Magazine Spin-Off Publishes First Issue appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2015-11-12 00:00:00 UTC ]
More news stories like this |


Microsoft's latest Surface Pro 4, Surface Book update addresses screen flicker issue

Microsoft’s November updates to the Surface Pro 4 and Surface Book appear to be designed to fix complaints that users have had about the screen flickering on both devices. According to Microsoft, the Surface Book received five updates, while the SP4 received four. The only difference is that... Continue reading at PC World

[ PC World | 2015-11-04 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #surface book


The IAB Pivots on Ad Blocking and Issues a Mea Culpa: 'We Messed Up'

The Interactive Advertising Bureau today said the digital publishing industry has cared too much about revenues and too little about user experience and needs therefore to accept blame for the rising popularity of ad blockers. So it's launching an effort called L.E.A.N. Ads, with the acronym... Continue reading at AdWeek

[ AdWeek | 2015-10-15 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #content providers