Houghton Mifflin plans to cut hundreds of employees

Houghton Mifflin Harcourt Co., the Boston-based education publisher facing financial headwinds, said it plans to cut as much as 10 percent of its workforce in effort to save money, according to regulatory filing. With a total workforce of 4,500 workers as of the end of last year, the cuts could mean up to 450 employees could be laid off, or as few as 360 if the company cuts 8 percent, the low end of its estimate. Houghton Mifflin (Nasdaq: HMHC) said the cuts, combined with other cost-saving efforts,… Continue reading at 'Silicon Valley Business Journal'

[ Silicon Valley Business Journal | 2017-04-20 00:00:00 UTC ]
News tagged with: #save money #regulatory filing

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Potential Spanish ebook VAT cut welcomed

Written By: Paul Rigg Publication Date: Fri, 07/10/2011 - 15:11 The Spanish socialists pledge to reduce ebook VAT (IVA) to 4% has been welcomed by the director of the Spanish ebook platform Libranda. The announcement came from Alfredo Rubalcaba, who is the socialists’ candidate to become prime... Continue reading at The Bookseller

[ The Bookseller | 2011-10-07 00:00:00 UTC ]
More news stories like this | News stories tagged with: #prime minister #ebook market


Toubon confident over French VAT cut on ebooks

Written By: Barbara Casassus Publication Date: Wed, 05/10/2011 - 08:51 Former French culture minister Jacques Toubon has said he has high hopes that France will be able to cut VAT on ebooks from 19.6% to 5.5% next January as planned without triggering the wrath of the European Commission.... Continue reading at The Bookseller

[ The Bookseller | 2011-10-05 00:00:00 UTC ]
More news stories like this | News stories tagged with: #good chance #high hopes #european commission #digital revolution


Indies plan events for Murakami launch

Written By: Graeme Neill Publication Date: Thu, 29/09/2011 - 08:20 Independent booksellers are lining up special events for Haruki Murakami's eagerly awaited 1Q84 (Harvill Secker) with Foyles planning a midnight opening. The book, Murakami's first since 2007's After Dark, will be published on... Continue reading at The Bookseller

[ The Bookseller | 2011-09-29 00:00:00 UTC ]
More news stories like this | News stories tagged with: #haruki murakami #special events #midnight opening #18th october #25th october


Future sets aside £4.9m for job cuts and unused property

Magazine publisher Future expects to pay out up to £4.9m to cover redundancies and unused property, according to a trading update released today. Continue reading at Media Week

[ Media Week | 2011-09-28 00:00:00 UTC ]
More news stories like this | News stories tagged with: #job cuts


Reading scheme axed due to school spending cuts

Written By: Bookseller Staff Publication Date: Mon, 19/09/2011 - 09:39 A primary schools project that has helped thousands of struggling young pupils to read is being axed by the government, according to the National Association of Head Teachers (NAHT). The Reading Recovery Project involves... Continue reading at The Bookseller

[ The Bookseller | 2011-09-19 00:00:00 UTC ]
More news stories like this | News stories tagged with: #national association #london university


Afictionado plans subscription lending service

Written By: Benedicte Page Publication Date: Wed, 14/09/2011 - 09:00 Internet venture Afictionado plans to launch a pay-monthly ebook library in 2012. The company is yet to approach publishers to take part in the scheme, but is promising to offer "strong returns" to publishing partners, paying... Continue reading at The Bookseller

[ The Bookseller | 2011-09-14 00:00:00 UTC ]
More news stories like this | News stories tagged with: #strong returns #publishing partners #subscription revenues


The Works plans major expansion

Written By: Lisa Campbell Publication Date: Fri, 09/09/2011 - 08:45 Discount retailer The Works has said it hopes to expand its stores in the UK by nearly 150, as well as growing its e-commerce business with the sale of ebooks. The retailer has opened 43 new stores this year—bringing its total... Continue reading at The Bookseller

[ The Bookseller | 2011-09-09 00:00:00 UTC ]
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Paper Cuts

The printed book is facing its share of challenges in the digital age. But one of the big­gest problems facing the future of the book has gone relatively unnoticed by book lovers—the quality of paper being used in many first edition hardcovers is declining, saddling consumers with inferior... Continue reading at Publishers Weekly

[ Publishers Weekly | 2011-09-02 00:00:00 UTC ]
More news stories like this | News stories tagged with: #printed book #digital age


Eason proposing job and wage cuts

Written By: Bookseller Staff Publication Date: Thu, 25/08/2011 - 07:48 Irish bookseller Eason is to hold talks at the Labour Relations Commission (LRC) next week with staff facing a reported 10% pay cut and 90 jobs at risk. The meeting will take place next Tuesday (30th August) in Dublin... Continue reading at The Bookseller

[ The Bookseller | 2011-08-25 00:00:00 UTC ]
More news stories like this | News stories tagged with: #conor whelan #previously announced


Grand plans for Paolini as Inheritance Cycle climaxes

Written By: Charlotte Williams Publication Date: Mon, 22/08/2011 - 11:40 Random House Children’s Books is hoping that Christopher Paolini’s Inheritance Cycle series will be remembered for generations to come as it plans marketing activity for the final instalment, Inheritance. The fourth... Continue reading at The Bookseller

[ The Bookseller | 2011-08-22 00:00:00 UTC ]
More news stories like this | News stories tagged with: #grand plans #final instalment #fourth volume #marketing campaign #online activity


Report: Tablet Sales to Cut Magazine Paper Use 20 Percent by 2015

Even paper-focused companies are predicting a major fall for the printed page in the coming years. Continue reading at Folio Magazine

[ Folio Magazine | 2011-08-22 00:00:00 UTC ]
More news stories like this | News stories tagged with: #tablet sales #printed page #coming years


New plans for Cambridge libraries

Written By: Benedicte Page Publication Date: Wed, 03/08/2011 - 13:30 Cambridgeshire county council is set to announce new library plans in September, with book "vending" machines at train stations and park and ride sites potentially on the cards. An online ordering and delivery service,... Continue reading at The Bookseller

[ The Bookseller | 2011-08-03 00:00:00 UTC ]
More news stories like this | News stories tagged with: #train stations #delivery service


Penguin plans focus on organic growth and high street

Written By: Charlotte Williams Publication Date: Mon, 01/08/2011 - 08:59 Digital sales have helped to bolster profitability for Penguin in the first six months of 2011, with company chiefs looking for organic growth and a focus on the high street over the second half of the year. read more Continue reading at The Bookseller

[ The Bookseller | 2011-08-01 00:00:00 UTC ]
More news stories like this | News stories tagged with: #organic growth #high street


Schofield Brands, Employees In Limbo Following Shutdown

Former Schofield Media employees are still wondering if there is a chance that select brands may be revived after the company shut down last week as a result of lender Wells Fargo pulling financing. Continue reading at Folio Magazine

[ Folio Magazine | 2011-07-28 00:00:00 UTC ]
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Fnac announces five-year plan

Written By: Barbara Casassus Publication Date: Wed, 20/07/2011 - 14:20 French cultural product chain Fnac has announced a new five-year strategic plan to help lift flagging sales as consumer habits change and competition from the internet erodes traditional markets. Called Fnac 2015, the... Continue reading at The Bookseller

[ The Bookseller | 2011-07-20 00:00:00 UTC ]
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Publishers Association plans second digital survey

Written By: Graeme Neill Publication Date: Tue, 19/07/2011 - 17:41 The Publishers Association is launching its second digital survey this year and could introduce a quarterly digital survey by 2012. The trade body said the survey came in response to the "significant growth" in digital sales,... Continue reading at The Bookseller

[ The Bookseller | 2011-07-19 00:00:00 UTC ]
More news stories like this | News stories tagged with: #publishers association #trade body #significant growth #digital sales #ebook sales #urged publishers


"Serious flaws" in Oxfordshire library plans

Written By: Benedicte Page Publication Date: Thu, 14/07/2011 - 15:18 Oxfordshire library campaigners have claimed there are "major gaps" in the council's plans to make extensive use of volunteers in its library network. read more Continue reading at The Bookseller

[ The Bookseller | 2011-07-14 00:00:00 UTC ]
More news stories like this | News stories tagged with: #library network


Anthony Cheetham out at Atlantic, already planning new venture

Written By: Philip Jones Publication Date: Fri, 01/07/2011 - 11:46 Anthony Cheetham has left Atlantic Books and resigned as a director of the company. It is understood that Cheetham left the publisher yesterday (30th June) with a memo circulated internally announcing his departure. His role... Continue reading at The Bookseller

[ The Bookseller | 2011-07-01 00:00:00 UTC ]
More news stories like this | News stories tagged with: #anthony cheetham


Booktrust puts three prizes on hold due to funding cuts

Written By: Charlotte Williams Publication Date: Tue, 28/06/2011 - 11:18 Booktrust has suspended the John Llewellyn Rhys Prize, Booktrust Early Years Award and Booktrust Teenage Prize for 2011, blaming funding cuts. The book charity said it hopes to bring them "back with a bang next year", so... Continue reading at The Bookseller

[ The Bookseller | 2011-06-28 00:00:00 UTC ]
More news stories like this | News stories tagged with: #funding cuts #hold due #book charity


Borders cuts losses as suitors circle

Written By: Bookseller Staff Publication Date: Wed, 22/06/2011 - 09:15 Borders has cut its net losses by almost $100m (£61.7m) in May as two "buyout moguls" have emerged as contenders to take over the business. read more Continue reading at The Bookseller

[ The Bookseller | 2011-06-22 00:00:00 UTC ]
More news stories like this | News stories tagged with: #net losses