London-based Informa plc will officially resume its in-person events business with a three-day beauty expo in China during the second week of July, but says its overall revenues will likely decline by about a third this year as the timeline for the return of large gatherings in North America, its biggest market, remains unclear. In a trading update issued Friday, the global B2B media and exhibitions firm said it expects to generate about £2 billion ($2.5 billion) in overall revenue in 2020, which would represent a 30.8% decline from the £2.89 billion it reported in its 2019 financial results. Following a series of acquisitions and divestments over the past two years, in particular its $5.2 billion merger with exhibitions giant UBM in 2018, Informa says it now generates about 65% of its revenues through its events business. More than 160 of its events originally scheduled for 2020 have been either cancelled or postponed until 2021 as a result of the pandemic, the company said, together representing more than $375 million in revenue. Hundreds of others have been converted to virtual events. "Activity in China has picked up pace through the past month, with authorities recognizing the controlled nature of trade shows and with exhibitors confident and keen to participate to help rekindle trading activity," the company said in the trading update. "In Informa’s largest market, the United States, the Group is now assuming a low probability that any physical events will run... Continue reading at 'Folio Magazine'
[ Folio Magazine | 2020-06-12 17:17:56 UTC ]
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The long-predicted digital media consolidation has finally come to pass. More than 100 online publishing companies are on pace to be sold this year, highlighted by the recent purchases of Refinery29, PopSugar and New York Magazine. The impetus for the sudden deal velocity is the direct result of... Continue reading at AdWeek
[ AdWeek | 2019-11-11 16:49:21 UTC ]
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The ecstasy, and occasional agony, of trying to get the historical details right. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-11-08 05:00:00 UTC ]
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Celebrity reality TV producer Andy Cohen is teaming up with Henry Holt to launch Andy Cohen Books, a new book imprint that will release nonfiction books by Mariah Carey, Jackie Walter, and Bevy Smith in 2020. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-11-08 05:00:00 UTC ]
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The Abu Dhabi-based Sheikh Zayed Book Award announces a record-breaking number of submissions and nominating nations for its 14th prize year. The post Sheikh Zayed Book Award 2020 Receives 1,900 Nominations from 49 Countries appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-11-08 03:10:00 UTC ]
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Penguin Random House's parent company Bertelsmann has expressed confidence it will meet its targets for the full year 2019, reporting a boost in group revenues for the first nine months of 3.3%. Continue reading at The Bookseller
[ The Bookseller | 2019-11-08 00:49:57 UTC ]
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Just two months after the company's fiscal 2019 earnings report saw its share price tumble 23% in a single day, Meredith Corp. revealed a somewhat optimistic forecast for the company's print magazine business in its Q1 2020 report, covering the period from July 1 to September 30. On an earnings... Continue reading at Folio Magazine
[ Folio Magazine | 2019-11-07 19:16:37 UTC ]
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The shortlists for the Blue Peter Book Awards have been revealed, including Owen and the Soldier by Lisa Thompson, the first dyslexia-friendly title to be shortlisted by the prize. Continue reading at The Bookseller
[ The Bookseller | 2019-11-07 15:19:57 UTC ]
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Maybe you can't judge a book by its cover but that doesn't mean we can't enjoy one and anticipate upcoming book cover trends. Continue reading at Book Riot
[ Book Riot | 2019-11-07 11:41:17 UTC ]
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The printing giant posted a sales decline of 17.9% in the third quarter, although excluding one-time items "organic sales" were down 9.3%. The company also lowered its forecast for sales and earnings for the full year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-11-07 05:00:00 UTC ]
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Hachette UK has reported a "solid" third quarter, slightly down on last year due to slow sales in Education, as parent company Lagardère revealed a 4.1% revenue increase like-for-like. Continue reading at The Bookseller
[ The Bookseller | 2019-11-07 01:53:48 UTC ]
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The Parliamentary Book Awards 2019 have been pushed back to February 2020, due to the general election. Continue reading at The Bookseller
[ The Bookseller | 2019-11-06 02:00:14 UTC ]
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Indie educational publisher John Catt has reported record results for the year ending 31st August 2019, with revenues from across the business rising. Continue reading at The Bookseller
[ The Bookseller | 2019-11-05 07:35:27 UTC ]
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Day two of the Folio: Show opened with another panel of industry veterans sharing insights on leveraging content for revenue, moderated by Christa Carone, president of Group Nine Media. Eric Schurenberg, CEO of Mansueto Ventures, the parent company of Inc. and Fast Company, shared intel on how... Continue reading at Folio Magazine
[ Folio Magazine | 2019-10-31 21:34:33 UTC ]
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Viking will release Homegoing author Yaa Gyasi’s “dazzling” new novel Transcendent Kingdom in August 2020, following a family living through the “most urgent of times” in contemporary America. Continue reading at The Bookseller
[ The Bookseller | 2019-10-31 13:33:13 UTC ]
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Pushkin Children’s Books has announced Ele Fountain's second novel, Lost, will hit shelves on 5th March 2020. Continue reading at The Bookseller
[ The Bookseller | 2019-10-31 12:48:24 UTC ]
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Booksellers talk color trends, tell terrible jokes, and happily sort through stacks of new books. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-10-25 12:00:47 UTC ]
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The weather is cooler, the pumpkins are here, and it’s time for people with opinions to start publishing articles announcing what to watch for in the media and publishing industry in the coming year. There are many others like it, but this one is mine. The media industry is experiencing a flood... Continue reading at Publishing Executive
[ Publishing Executive | 2019-10-24 12:50:31 UTC ]
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Illustrator Mini Grey and 2019 Klaus Flugge Prize winner Jessica Love will join the judging panel for the 2020 award. Continue reading at The Bookseller
[ The Bookseller | 2019-10-22 03:40:36 UTC ]
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Bayer is on its second year of in-housing programmatic. At Digiday's Media Buyer Summit this week, the company shared how it set up its team. The post ‘We realized we could pull it off’: 2 years in, Bayer is on track to take all digital media buying in-house by 2020 appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2019-10-18 04:01:51 UTC ]
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News and Events WLT Photo by J. Foley Opale World Literature Today, the University of Oklahoma’s award-winning magazine of international literature and culture, announced late Wednesday evening that Ismail Kadare is the 26th laureate of the renowned... Continue reading at World Literature Today
[ World Literature Today | 2019-10-16 22:21:35 UTC ]
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