The world's largest exhibitions organizer, London-based Informa plc, outlined on Thursday morning a series of emergency actions it's taking to alleviate the impact of the COVID-19 pandemic on its events business, which drives nearly two-thirds of the company's overall revenues. Noting that the effects have been "significantly deeper, more volatile and wide-reaching," than was initially anticipated, the company says it's temporarily suspending dividends, cutting executive pay and issuing new shares worth about 20% of its total existing capital in an effort to strengthen its balance sheet and reduce its approximately £2.4 billion ($2.9 billion) in debt to £1.4 billion ($1.7 billion). Further, Informa says it's engaged in "constructive discussions" with its U.S.-based debt holders over a covenant waiver agreement. “Since the beginning of 2020, the impact of the COVID-19 pandemic has become progressively deeper and more far-reaching than initially predicted," said CEO Stephen Carter in a statement. "We have continued to adapt and respond quickly, always prioritizing the safety of colleagues and customers, making decisions for the long-term value of our brands and businesses and seeking to preserve jobs and invest in our intellectual property.” Informa says it's achieved more than £130 million ($162 million) in savings in part by pausing company-wide recruitment, salary reviews and merit raises and suspending its sabbatical program. Additionally, Carter and CFO Gareth Wright... Continue reading at 'Folio Magazine'
[ Folio Magazine | 2020-04-16 18:02:14 UTC ]
Why are many Americans committed to preserving words and images associated with forces bent on preventing fellow citizens from living freely and equally? Continue reading at Los Angeles Times
[ Los Angeles Times | 2021-03-03 17:59:40 UTC ]
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Africa needs to take advantage of a copyright law to protect and explore its unique local products. Continue reading at The Conversation
[ The Conversation | 2021-02-22 14:49:47 UTC ]
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Google's News Corp deal may pacify Australian lawmakers, but publishing industry members worry about repercussions for smaller publishers. The post ‘I’m afraid of repercussions’: Publishing industry members question Google’s motives in paying off News Corp appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2021-02-18 05:01:00 UTC ]
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Google's News Corp deal may pacify Australian lawmakers, but publishing industry members worry about repercussions for smaller publishers. The post ‘I’m afraid of repercussions’: Publishing industry members question Google’s motives in paying off News Corp appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2021-02-18 05:01:00 UTC ]
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Google has signed a three-year agreement to carry content from News Corp publications. In the US, UK and Australia, Google’s News Showcase will now feature stories from The Wall Street Journal, MarketWatch and other outlets. The financial terms of th... Continue reading at Engadget
[ Engadget | 2021-02-17 18:42:24 UTC ]
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Ruth Dickey will replace Lisa Lucas, who recently left the National Book Foundation to become the publisher of Pantheon and Schocken Books. Continue reading at Los Angeles Times
[ Los Angeles Times | 2021-02-11 19:41:39 UTC ]
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Ruth Dickey, the executive director of Seattle Arts & Lectures, is to take up her new post with the National Book Foundation on May 17. The post US National Book Awards Foundation Names Ruth Dickey As Executive Director appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-02-11 14:52:33 UTC ]
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Today, the National Book Foundation announced that Ruth Dickey will be its next Executive Director, filling the role that Lisa Lucas vacated at the end of last year. Dickey has served since 2013 as the Executive Director of Seattle Arts & Lectures, and in 2019 was a judge for the National... Continue reading at Literrary Hub
[ Literrary Hub | 2021-02-11 13:36:11 UTC ]
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Ruth Dickey, the executive director of Seattle Arts & Lectures, is succeeding Lisa Lucas, who left the organization to become the publisher of Pantheon and Schocken. Continue reading at The New York Times
[ The New York Times | 2021-02-11 10:00:18 UTC ]
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Two athletes tell their inspiring story of standing up for gender equity. (Sponsored.) Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-02-08 05:00:00 UTC ]
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After a year spent pivoting out of necessirty, booksellers now see online sales as a permanent part of their business model. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-02-05 05:00:00 UTC ]
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CILIP, the Chartered Institute of Library & Information Professionals, has called for planned cuts to the National Library of Wales to be abandoned, ahead of a debate in the Senedd today (3rd February). Continue reading at The Bookseller
[ The Bookseller | 2021-02-03 06:32:21 UTC ]
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Michelle Obama’s 'Becoming' will be released in a young reader’s edition and in trade paperback on March 2; originally published in 2018, the former First Lady’s memoir became a #1 international bestseller, with sales topping more than 15 million copies worldwide. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-02-03 05:00:00 UTC ]
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Our latest research confirms that the general public can tell the difference between an unsafe platform and a quality news publisher - so why can’t our industry? Continue reading at Media Week
[ Media Week | 2021-01-21 11:38:36 UTC ]
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W H Smith has delayed a £25,000 pay increase for c.e.o. Carl Cowling after 33% of voting shareholders opposed the company's remuneration plans at this week's annual general meeting. Continue reading at The Bookseller
[ The Bookseller | 2021-01-20 17:11:37 UTC ]
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A pioneering novelist, she was also a passionate publisher, highlighting voices neglected by the mainstream. My life was one of many changed by her enthusiasmStorm Constantine, the fantasy author and book publisher who has died at the age of 64, was a prolific novelist and short-story writer.... Continue reading at The Guardian
[ The Guardian | 2021-01-19 11:41:44 UTC ]
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The labor union representing employees of Powell's Books in Portland, Ore., said the decision to sell conservative author Andy Ngô book 'Unmasked' online was regrettable, but the store's decision "alone to make." PEN America said selling the book did not "equal endorsement" and supported the... Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-01-19 05:00:00 UTC ]
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Since the Netflix adaptation of the revisionist Regency drama "Bridgerton" premiered on Christmas, Julia Quinn's original book series is in very high demand. Continue reading at Los Angeles Times
[ Los Angeles Times | 2021-01-12 18:36:35 UTC ]
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Havas has named new executive client and strategy leaders in its Chicago office heading into 2021, hiring Lilia Arroyo Flores as chief strategy officer and Maisha Pearson as chief client officer. "Our clients' business needs are constantly changing--now more than ever--with strategy and... Continue reading at AdWeek
[ AdWeek | 2020-12-17 15:30:20 UTC ]
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Frankfurt Book Fair has completed its restructure and cut an undisclosed number of roles in what it has called a “painful and far-reaching” process. Continue reading at The Bookseller
[ The Bookseller | 2020-12-17 06:13:00 UTC ]
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