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 ]
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Aspen Words’ Issue-Driven Literary Prize: The 2021 Longlist

The Aspen Words Literary Prize is focused on authors whose work deals in cultural relevance and contemporary conditions. The post Aspen Words’ Issue-Driven Literary Prize: The 2021 Longlist appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2020-11-10 18:06:42 UTC ]
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Profits Jumped 45% at HarperCollins

A 20% increase in digital revenue and a 38% jump in direct-to-consumer sales over last year’s first quarter of fiscal 2021 helped to drive up profits by 45% and sales by 13% at HarperCollins. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-11-06 05:00:00 UTC ]
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Self-censorship a growing threat to publishing freedom, warns IPA

Self-censorship on sensitive issues like religion and sexuality is a growing threat to the freedom to publish, the International Publishers Assocation has said. Continue reading at The Bookseller

[ The Bookseller | 2020-10-16 07:59:13 UTC ]
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Barnes & Noble warns customers about cyberattack in new email alert

The company said that email addresses, physical addresses, and phone numbers were all potentially exposed, although payment information is said to be safe. Soon after Barnes & Noble apologized for a “serious network issue” that affected some users of its website and people trying to load... Continue reading at Fast Company

[ Fast Company | 2020-10-15 14:16:35 UTC ]
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Barnes & Noble apologizes for ‘serious network issue’ after days-long Nook disruptions

Customers have reported days of disruption to the Nook e-reader service, as well as other systems that the company said have since been restored. After users reported issues with Nook e-reader book access for days, with Barnes & Noble saying Monday that a “system failure” was interrupting... Continue reading at Fast Company

[ Fast Company | 2020-10-14 17:46:15 UTC ]
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Chinese market suffering from 'major' reduction in ISBNs, warns Nurnberg at FBF

The Chinese marketplace is “suffering" from the government’s continued crackdown on the number of ISBNs being issued to publishers of foreign writers, agent Andrew Nurnberg has told Frankfurt Book Fair attendees. Continue reading at The Bookseller

[ The Bookseller | 2020-10-13 21:06:46 UTC ]
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Library lockdown success could threaten physical services, leaders warn

Heads of library services fear the success of digital and remote lending during lockdown could threaten their physical facilities, with the potential for “brutal” cuts on the way, according to a new report. Continue reading at The Bookseller

[ The Bookseller | 2020-10-12 13:22:14 UTC ]
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Weltempfang 2020: Issue-Driven Content Scheduled for Frankfurter Buchmesse

Programming for this year's Weltempfang in the digital Frankfurt has Europe and its connections as the main focus. The post Weltempfang 2020: Issue-Driven Content Scheduled for Frankfurter Buchmesse appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2020-10-02 17:47:39 UTC ]
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Informa issues £640m in bonds as part of Covid-19 action plan

Taylor & Francis owner Informa is issuing £640m worth of Euro bonds as part of its Covid-19 action plan. Continue reading at The Bookseller

[ The Bookseller | 2020-09-30 12:55:05 UTC ]
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Cable news profits from its obsession with Trump. Viewers are the only victims.

In a previous story, I demonstrated that the quantity of coverage devoted by the print media to Donald Trump is without historical precedent. In 2018, “Trump” was the fourth most-used word in the New York Times. On average, Trump was directly mentioned two to three times in every article, and... Continue reading at Columbia Journalism Review

[ Columbia Journalism Review | 2020-09-08 18:00:03 UTC ]
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Judge Issues Sweeping Order Against E-book Piracy Operation

A federal judge in Washington has issued a preliminary injunction against a major e-book piracy operation known as the KISS Library, after the operators of the site failed to show up at a hearing or to file any response to a lawsuit filed in July by the Authors Guild, Amazon Publishing, Penguin... Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-09-01 04:00:00 UTC ]
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Coronavirus has stacked odds against indies further, BHP Comics publisher warns

Coronavirus has stacked the odds against indie presses even further, BHP Comics publisher Sha Nasir has said, warning he will have to completely change his firm's business model as a result of the pandemic. Continue reading at The Bookseller

[ The Bookseller | 2020-08-31 14:53:02 UTC ]
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S&S Posts Q2 Profit Gain Despite Sales Decline

Lower production and distribution costs were enough to give Simon & Schuster a 9% increase in earnings in the second quarter, despite an 8% drop in sales. Digital revenue jumped 44% in the quarter. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-08-06 04:00:00 UTC ]
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Bookouture issues call-out for submissions from BAME fiction writers

Bookouture, in association with online magazine the Asian Writer and Dahlia Books, is putting out a call-out for commercial fiction submissions from unagented and unpublished writers from BAME backgrounds.  Continue reading at The Bookseller

[ The Bookseller | 2020-07-30 05:39:09 UTC ]
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Make sure mid-tier titles aren't lost in packed autumn, Fry warns

Marketing and publicity teams need to make sure their middle-tier titles don't get lost in the crowded autumn, Canongate commercial director Jenny Fry has warned. Continue reading at The Bookseller

[ The Bookseller | 2020-07-09 17:47:50 UTC ]
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Avon takes two from Big Issue contest winner Sharland

Avon has signed two books from debut author Louise Sharland following a competition with the Big Issue to find a new crime writing voice. Continue reading at The Bookseller

[ The Bookseller | 2020-07-08 04:45:22 UTC ]
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CILIP warns librarians over contact tracing

Library and Information Association CILIP has warned librarians not to participate in the government's contact tracing programme unless a series of criteria are met first. Continue reading at The Bookseller

[ The Bookseller | 2020-07-07 15:58:32 UTC ]
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Publishing Scotland warns sector at 'risk of collapse'

Publishing Scotland has warned the sector has seen a “catastrophic” drop in income over the past few months and could be a “risk of collapse”. Continue reading at The Bookseller

[ The Bookseller | 2020-07-02 04:05:53 UTC ]
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Webinar Will Examine Production and Supply Chain Issues

Brian O'Leary, executive director of BISG, and Ingram Content Group's Kelly Gallagher are among the panelists who will address the questions of the changing modes of work, production, printing, and distribution brought on by the Covid-19 pandemic in a July 8 webinar. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-06-29 04:00:00 UTC ]
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