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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Colleen Hoover has the #1 book in the country – and so much more – with 'It Starts with Us.' Plus new celeb memoirs include two by Harry Potter movie alums, and Jen Hatmaker and Phil Rosenthal each feed readers' need for new cookbooks. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-10-28 04:00:00 UTC ]
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The books we love coming out this week include new titles by Ausma Zehanat Khan, Jennifer Homans, and Hayao Miyazaki. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-10-28 04:00:00 UTC ]
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William Morrow bets on a debut novel from Victoria Benton Frank, Harlan Coben re-ups at Grand Central, and more. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-10-28 04:00:00 UTC ]
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Helped by the popularity of Colleen Hoover's 'Verity,' revenue at Hachette Book Group rose 4.7% in the third quarter over 2021—a gain that does not include results from Workman Publishing, which HBG bought last September. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-10-27 04:00:00 UTC ]
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The business news publisher Forbes has seen revenue from its events division rise significantly this year after it transitioned most of its portfolio from a virtual to a hybrid model, according to the publisher. The privately held property, which in July scuttled its plan to go public via a... Continue reading at AdWeek
[ AdWeek | 2022-10-17 11:14:16 UTC ]
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“If it weren’t for Beyoncé, another girl like us with an untraceable name, we wouldn’t have had much in common.” Remica Bingham-Risher on stepmotherhood, lineage, and the weight of names. | Lit Hub Memoir Ben Mathis-Lilley on the inevitability of college football (and why it’s all Thomas... Continue reading at Literrary Hub
[ Literrary Hub | 2022-08-31 10:30:26 UTC ]
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A huge increase in sales through its physical stores offset a decline in online sales, leading to a 18.9% increase in total sales at Indigo Books & Music in the quarter ended July 2, 2022 compared with the same period of 2021. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-08-11 04:00:00 UTC ]
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As sales continue to take a nosedive in the beginning of 2022, it raises a question on the state of ebooks: are they on the decline again? Continue reading at Book Riot
[ Book Riot | 2022-07-28 10:31:00 UTC ]
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The business news publisher Morning Brew, an Axel Springer property, launched its 10th newsletter Monday morning, a product called CFO Brew that aims to reach readers in strategic and corporate finance. The publisher has grown rapidly since selling a majority stake to Insider in October 2020... Continue reading at AdWeek
[ AdWeek | 2022-07-12 10:01:54 UTC ]
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Despite a good sales increase for adult fiction titles, unit sales of print books fell 5% last week at outlets that report to NPD BookScan. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-06-23 04:00:00 UTC ]
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Bookstore sales posted a solid increase in April over 2021, rising 31.6%, to $633 million, from $481 million a year ago. For the first four months of 2022, bookstore sales increased 19.4% over the comparable period in 2021, rising to $2.62 billion, from $2.19 billion in 2021. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-06-16 04:00:00 UTC ]
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Growth in audiobook revenue by genre was led in 2021 by romance, self-help, and science-fiction per the Audio Publishers Association. The post Audio Publishers Association: US Audiobook Revenues Reach $1.6 Billion in 2021 appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-06-07 15:41:05 UTC ]
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After hitting a record high of $204.6 million in the fiscal year ended February 28, 2021, revenue at Educational Development Corp. fell 30.3% in fiscal 2022, dropping to $142.2 million. Net earnings declined 34.1%, to $8.3 million. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-05-19 04:00:00 UTC ]
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Today's edition of Daily Deals is sponsored by Kindle Vella`Kindle Vella`https://www.amazon.com/kindle-vella?ref=kv_acq_soc_br_dd_lcon`https://bookriot.com/wp-content/uploads/2022/03/KindleVella_Cover-180x300.jpg.optimal.jpg` Continue reading at Book Riot
[ Book Riot | 2022-03-31 14:05:43 UTC ]
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The impact of an earlier Easter and a kerfuffle surrounding Dr. Seuss titles that sold many books last year proved impossible to overcome last week, when unit sales of print books were down 12.8% compared to the week ended March 20, 2021, at outlets that report to NPD BookScan. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-03-24 04:00:00 UTC ]
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In March 2020, PW was racing to keep up with the changes to the industry unleashed by the start of the Covid pandemic. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-03-11 05:00:00 UTC ]
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Indigo Books & Music, Canada's leading book retailer, reported strong results for its third quarter ended January 1, 2022 with revenue up 17.9% and earnings jumping. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-02-14 05:00:00 UTC ]
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The books we love coming out this week include new titles by Tessa Hadley, Florence Williams, and Carl Phillips. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-01-28 05:00:00 UTC ]
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Bantam buys a thriller from the host of a popular podcast, Elizabeth George sells the latest in her Lynley series to Viking, and more. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-01-28 05:00:00 UTC ]
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TikTok sensation Colleen Hoover has the #1 book in the country with her new novel, 'Reminders of Him.' Plus Dana Schwartz's 'Anatomy: A Love Story' is the Reese's YA Book Club pick, and Katee Robert returns to Dark Olympus with 'Electric Idol.' Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-01-28 05:00:00 UTC ]
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