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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Reuters Institute for the Study of Journalism report also finds importance of TV news is waning among young peoplePeople are increasingly heading to social media such as Facebook for news, making it more difficult for publishers to attract and make money from readers, according to an influential... Continue reading at The Guardian
[ The Guardian | 2016-06-15 00:00:00 UTC ]
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Have ebook sales plateaued in Germany? The latest Ebook Quarterly Report from the German Publishers and Booksellers Association indicates lower revenue despite growth in sales volume. The post Ebook Sales in Germany Up, Revenue Down appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2016-06-06 00:00:00 UTC ]
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General Interest magazines are the big winners as the Celebrity and Women's categories, as well as convenience stores, continue to struggle. The post Newsstand Declines Slowed in Q1 of 2016 appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2016-06-03 00:00:00 UTC ]
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[Sponsored] Folio: and Wright's Media team up for a survey about publishers' willingness to embrace brand licensing as a revenue stream. The post An Untapped Well for Alternative Revenue appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2016-06-03 00:00:00 UTC ]
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An annual study of institutional libraries' budget forecasts shows participating libraries in the Middle East and Africa forecasting the largest increases; Europe the only region forecasting a (slight) decrease. The post International Institutional Library Budgets Forecast to Increase 1.4... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2016-06-02 00:00:00 UTC ]
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The annual survey, conducted by the Publishers Communication Group (PCG) found that a sputtering global economy is still affecting library budgets. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-05-31 00:00:00 UTC ]
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A bookstore gets crafty after alcohol sales are ok’d; a library bookstore takes off; a Utah town gets “booked”; and more. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-05-31 00:00:00 UTC ]
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Bloomsbury has launched Bloomsbury 2020, a strategy to capitalise on the £3.4bn academic libraries market and reposition itself from "a primarily consumer publisher to a digital B2B (business-to-business) publisher". Continue reading at The Bookseller
[ The Bookseller | 2016-05-20 00:00:00 UTC ]
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The Seattle start-up, which just launched its platform, wants to be the go-to digital audiobook site for indies. Even with the support of the Big Five, it's still not clear how much of a difference it will make for its 85 partner bookstores. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-05-20 00:00:00 UTC ]
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Adult colouring book craze and 150th anniversary of Alice in Wonderland helped revival in traditional publishing last yearSales of printed books have grown for the first time in four years, lifted by the adult colouring book craze and 150th anniversary of Alice in Wonderland, as ebooks suffered... Continue reading at The Guardian
[ The Guardian | 2016-05-13 00:00:00 UTC ]
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There's something to be said about a printed book. It's easy to read outdoors, you can lend it to a friend and, unlike a top-end Kindle, it doesn't spell disaster if you lose it. E-readers have their place, but today The Publishers Association (PA) h... Continue reading at Engadget
[ Engadget | 2016-05-13 00:00:00 UTC ]
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First quarter financial reports from three of the country's largest trade publishers revealed a continuing decline in ebook sales. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-05-06 00:00:00 UTC ]
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Changes in technology like ad blocking, and the dominance of platforms like Facebook leave many publishers unsure of how they will make money. Continue reading at The New York Times
[ The New York Times | 2016-04-18 00:00:00 UTC ]
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The digital media company is ‘very comfortable’, it told the Financial Times, despite a report that internal financial targets were missed by over $80mBuzzFeed missed internal financial targets in 2015 and had to substantially cut its projected revenue by about half according to a report... Continue reading at The Guardian
[ The Guardian | 2016-04-13 00:00:00 UTC ]
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Fourth and final excerpt in a series about a great American B2B media company. The post The Sale, Decline, and Ultimate Demise of Cahners Publishing appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2016-03-30 00:00:00 UTC ]
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Sales hit $63.7 million in the fiscal year ended February 29, 2016, up from $32.5 million in the prior year, according to unaudited results released by the company. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-03-25 00:00:00 UTC ]
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Penguin Random House global revenues rose 11.8% in 2015 to €3.7bn (up from €3.3bn the previous year), with operating EBITDA rising by 23.2% to €557m (€452m in previous year). Continue reading at The Bookseller
[ The Bookseller | 2016-03-23 00:00:00 UTC ]
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Egmont Group, the Scandinavian media group that owns Egmont Publishing, said 2015 was a "satisfactory” year, as revenues increased 1.5% to €1.6bn (£1.25bn). Continue reading at The Bookseller
[ The Bookseller | 2016-03-16 00:00:00 UTC ]
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Wiley has reported third quarter revenue of $436m, a 3% decline year-on-year excluding foreign exchange fluctuations (a 6% decline without that exclusion). Continue reading at The Bookseller
[ The Bookseller | 2016-03-11 00:00:00 UTC ]
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Informa continues to grow its U.S. events business; Cole sells off lucrative trade show but plans to keep expanding products and services. The post Informa Purchases WWETT Show from Cole Publishing appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2016-02-25 00:00:00 UTC ]
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