Digital division housed in separate company from loss-making print business which owners have been looking to sellThe Lebedevs, owners of the Independent titles, are keeping the papers' website in a separate company in a move that could allow a lucrative future sale of digital assets potentially worth millions.Andreas Whittam Smith – the recently appointed chairman of Independent Print Limited, the publishing company behind the Independent, Independent on Sunday and 20p stablemate i – has been given the task of quietly sounding out potential buyers for the loss-making titles by proprietors Alexander and Evgeny Lebedev.However, arguably the newspapers' most valuable assets – digital properties including independent.co.uk, with 28 million monthly users – are housed in a separate company, Independent Digital News and Media Limited (IDNML).IDNML has just two directors, Evgeny Lebedev, who holds a 57% stake, and Justin Byam Shaw, who controls 38%.Former London Evening Standard editor Geordie Greig – now editing the Mail on Sunday – brought in Byam Shaw, whom he referred to as a "serial entrepreneur", to help negotiate the sale of the majority stake in the Standard from owner Associated Newspapers on behalf of the Lebedevs.The ring fencing of what is understood to be profitable online assets creates more options for the Lebedevs, as any potential buyer of the Independent newspapers would have to enter a separate negotiation to secure the digital assets.This ownership structure... Continue reading at 'The Guardian'
[ The Guardian | 2014-01-22 00:00:00 UTC ]
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The Waterstones decision to sell Amazon Kindles and ebooks has provoked widespread discussion in... Continue reading at The Bookseller
[ The Bookseller | 2012-05-22 00:00:00 UTC ]
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E-books accounted for 9% of Bloomsbury's adult trade sales overall across the 12 months to... Continue reading at The Bookseller
[ The Bookseller | 2012-05-22 00:00:00 UTC ]
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Long form digital journalism publisher and app developer The Atavist secured a round of funding worth $1.5 million. The first million was confirmed last week, while founder Evan Ratliff says the rest is committed and “will happen over the coming weeks.” Continue reading at Folio Magazine
[ Folio Magazine | 2012-05-22 00:00:00 UTC ]
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Wow, what a swirl of good-news/bad-news last week for the media tablets aimed at the ereader market. As it turns out, the roller-coaster ride continues this week. comScore reported that the Kindle Fire from Amazon generated far more Internet activity in February than any other Android media... Continue reading at Betanews
[ Betanews | 2012-05-08 00:00:00 UTC ]
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Canongate has acquired the first adult novel written by Patrick Ness since 2003, with editorial... Continue reading at The Bookseller
[ The Bookseller | 2012-05-04 00:00:00 UTC ]
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All hail the ebook! Seriously, if it weren't for this marvelous literary development, try saying with a straight face that you wouldn't at least take pause before adding a new title to your collection. Numbers are in from The Publisher's Association -- a group of 120 companies across the trade... Continue reading at Engadget
[ Engadget | 2012-05-02 00:00:00 UTC ]
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Consumer ebook sales increased by 366% to £92m in 2011, with sales across all digital... Continue reading at The Bookseller
[ The Bookseller | 2012-05-01 00:00:00 UTC ]
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Digital book sales have gone up 54% in the past year to £243m but total book sales have fallen by 2%. Continue reading at BBC World
[ BBC World | 2012-05-01 00:00:00 UTC ]
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After announcing plans to possibly spin off its NOOK business in January, Barnes & Noble enters into a partnership with Microsoft. The tech company invested $300 million in the new subsidiary (currently under the working title NewCo), a post-money valuation of $1.7 billion, equating to a... Continue reading at Folio Magazine
[ Folio Magazine | 2012-05-01 00:00:00 UTC ]
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Regional publisher Trinity Mirror has been carrying out an overhaul of its network of newspaper websites designed to give them a ‘cleaner’ look. Digital publishing director David Higgerson has overseen the changes which have now b ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2012-04-30 00:00:00 UTC ]
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The US print market has plunged 16% year on year in the first quarter of 2012, despite a record-... Continue reading at The Bookseller
[ The Bookseller | 2012-04-30 00:00:00 UTC ]
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LONDON (Dow Jones)--Pearson PLC (PSON.LN), the publisher of the Financial Times newspaper and Penguin books, Friday produced a healthy rise in first-quarter revenue, but warned profit will be down in the first half of 2012 due to seasonal effects an ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2012-04-27 00:00:00 UTC ]
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Pearson increased sales by 11% to £1.16bn in the first three months of 2012, it announced... Continue reading at The Bookseller
[ The Bookseller | 2012-04-27 00:00:00 UTC ]
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Tech giant Apple reported a net income of $11.6 billion during the second fiscal quarter of 2012, up from $5.9 billion during the same period in 2011. However, international sales represent 64 percent of Apple’s quarterly revenue. Continue reading at Folio Magazine
[ Folio Magazine | 2012-04-26 00:00:00 UTC ]
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The ebook editions of J K Rowling's Harry Potter series are now available in French, Italian... Continue reading at The Bookseller
[ The Bookseller | 2012-04-24 00:00:00 UTC ]
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WH Smith has reported a 3% rise in group profit year-on-year for the six months to 29th February... Continue reading at The Bookseller
[ The Bookseller | 2012-04-19 00:00:00 UTC ]
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Publishers hoping that digital sales would make up for the decline in physical books are worried. Continue reading at Crains New York
[ Crains New York | 2012-04-15 00:00:00 UTC ]
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Amazon is paying authors $1 for every audiobook they sell if they sign up to its Audible Author... Continue reading at The Bookseller
[ The Bookseller | 2012-04-13 00:00:00 UTC ]
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Works that will be available for perusal will include Gutenberg's Bible, believed to be the first text ever printed. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2012-04-13 00:00:00 UTC ]
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Google will end its Google eBooks reseller program which allowed independent bookstores to sell ebooks through Google's platform. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2012-04-07 00:00:00 UTC ]
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