Indigo Cuts First Quarter Loss

Indigo Books & Music reported a strong first quarter for fiscal 2016, with sales growth of 2.3% and a C$5 million reduction in its loss. Continue reading at 'Publishers Weekly'

[ Publishers Weekly | 2015-08-05 00:00:00 UTC ]
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Publishing's First Quarter in 2020: A Good Start, Then the Virus

Publishing sales got off to a decent start in 2020—but as the new coronavirus increased its grip on the country’s economy, sales have softened. The business outlook for the second quarter is, at best, uncertain. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-10 04:00:00 UTC ]
More news stories like this | News stories tagged with: #publishing sales #good start


Hearst Promises Journalists at Its Newspapers No Furloughs, No Pay Cuts

Bucking the newspaper industry trend, Hearst Corporation has told its newsrooms there will be no layoffs, no furloughs and no Continue reading at Editor & Publisher

[ Editor & Publisher | 2020-04-09 14:52:48 UTC ]
More news stories like this | News stories tagged with: #pay cuts #hearst corporation #hearst


Wiley Cuts Financial Forecast for Fiscal 2020

John Wiley & Sons estimated the coronavirus outbreak will drop revenues for the fiscal year ending April 30 by about $50 million from its previous expectations, president and CEO Brian Napack said. Adjusted EBITDA is expected to be $25 million lower than original forecasts. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-09 04:00:00 UTC ]
More news stories like this | News stories tagged with: #coronavirus outbreak #$50 million #adjusted ebitda


Diamond Reveals New Payment Terms; Execs Take Pay Cut

Diamond Distributors founder Steve Geppi outlined the terms under which the distributor of comics, graphic novels, and prose books would resume payments to publishers and other vendors. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-07 04:00:00 UTC ]
More news stories like this | News stories tagged with: #payment terms #pay cut #graphic novels #prose books


Bustle Digital Group Lays Off Staff of The Outline as Part of Broader Cuts

Bustle Digital Group, owner of a portfolio of digital media properties including Bustle itself, says it laid off two dozen Continue reading at Editor & Publisher

[ Editor & Publisher | 2020-04-03 21:34:37 UTC ]
More news stories like this | News stories tagged with: #digital media


Coronavirus Concerns Prompt Cost Cuts

The steady erosion of book sales is impacting all parts of publishing as the Covid-19 pandemic tightens its grip of the U.S. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-03 04:00:00 UTC ]
More news stories like this | News stories tagged with: #book sales


Seven Dials lands Vinnie Jones' memoir of love and loss

Seven Dials has won world rights at auction to Lost Without You, a book from the footballer turned actor Vinnie Jones about coping with the loss of his wife, Tanya, after her six-year battle with cancer.  Continue reading at The Bookseller

[ The Bookseller | 2020-04-02 12:09:30 UTC ]
More news stories like this | News stories tagged with: #world rights #memoir


Macmillan Lays Off Some Staff, Temporarily Cuts Some Salaries

Macmillan Publishers has laid off an undisclosed number of employees across all divisions, temporarily reduced pay for select employees, and implemented a hiring freeze, effective today. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-02 04:00:00 UTC ]
More news stories like this | News stories tagged with: #macmillan publishers #hiring freeze #effective today #macmillan


Half Price Books Cuts Workforce By More Than 2,000

Half Price Books has laid off or furloughed 2,146 people, representing 78% of its workforce of 2,752. The company operates 126 stores in 17 states, all of which are closed. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-02 04:00:00 UTC ]
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‘Everyone feels the pain’: Major digital publishers enact pay and benefits cuts to stanch the bleeding

Several publishers have begun announcing their pay cuts and furlough plans as ad revenue continues drying up. Seeing patterns from previous recessions, former media execs explain why these cost controls are only temporary fixes. The post ‘Everyone feels the pain’: Major digital publishers enact... Continue reading at Digiday

[ Digiday | 2020-03-31 04:01:00 UTC ]
More news stories like this | News stories tagged with: #pay cuts #cost controls #digital publishers


Indigo Lays Off 5,200, Urges Shoppers to Buy 'True Canadian'

Indigo Books and Music, Canada's dominant bookstore chain, closed all of its 199 retail locations on March 18. On Friday, March 27, the company laid off 5,200 of 7,000 total employees. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-03-31 04:00:00 UTC ]
More news stories like this | News stories tagged with: #indigo books #bookstore


A Reading List for Your Quarter-Life Crisis: Critical Linking, March 29, 2020

An awesome daily roundup of the most interesting bookish links from around the web! Continue reading at Book Riot

[ Book Riot | 2020-03-29 10:30:48 UTC ]
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Informa bosses to take major salary cuts during coronavirus period

At Informa, parent company of Taylor & Francis, top bosses are to take salary cuts "through the current period of uncertainty created by Covid-19", the company has announced. Continue reading at The Bookseller

[ The Bookseller | 2020-03-27 06:47:25 UTC ]
More news stories like this | News stories tagged with: #taylor francis #salary cuts #current period


Quarto 'pleased' to post 2019 profit, but pandemic forces cost-cutting measures

Quarto has posted a trading update for its 2019 results, saying it expects revenues to slip 9% to $135.8m (2018: $149.3m) but will be returning a profit of $2.9m.  Continue reading at The Bookseller

[ The Bookseller | 2020-03-25 02:44:11 UTC ]
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Barnes & Noble warns of potential cuts if stores close due to coronavirus

Barnes & Noble boss James Daunt has sent a letter to staff warning of potential lay offs if stores are closed due to the coronavirus. Continue reading at The Bookseller

[ The Bookseller | 2020-03-20 01:04:03 UTC ]
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Scholastic moves to cut costs as it anticipates coronavirus impact

Scholastic Corporation has said it expects business in the fourth quarter to be affected by coronavirus-related school closures and it is taking "agressive actions to reduce operating expenses throughout the Company" as a result, including the temporary closure of warehouse and distribution... Continue reading at The Bookseller

[ The Bookseller | 2020-03-19 15:51:43 UTC ]
More news stories like this | News stories tagged with: #cut costs #scholastic corporation #fourth quarter #scholastic


Canada's Indigo Closing Until End of March

Indigo Books and Music, Canada's dominant bookstore chain, is closing all of its 199 retail locations from the end of business today until March 27. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-03-18 04:00:00 UTC ]
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Wildfire cuts 'major' world rights deal for The Persians

Wildfire has acquired an authoratative and accessible narrative history, The Persians, by Lloyd Llewellyn-Jones in a "major" deal.  Continue reading at The Bookseller

[ The Bookseller | 2020-03-13 12:24:56 UTC ]
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Ronan Farrow Cuts Ties with Publisher Hachette Over Woody Allen Memoir

Ronan Farrow has cuts ties with publisher Hachette over their decision to publish Woody Allen's memoir. Continue reading at Book Riot

[ Book Riot | 2020-03-05 21:43:26 UTC ]
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Taco Bell Quarterly is the literary magazine you didn’t know you needed.

It happened yesterday at 7:59pm. My dear friend and colleague, Olivia Rutigliano, sent me a text that I’ll never forget. It was a screenshot of her Twitter notifications. Taco Bell Quarterly (@TBQuarterly) had followed her. What is Taco Bell Quarterly? Is it a joke? How did this even start? Are... Continue reading at Literrary Hub

[ Literrary Hub | 2020-02-25 21:25:27 UTC ]
More news stories like this | News stories tagged with: #taco bell #literary magazine