Informa plc announced Tuesday that it has begun the process of replacing Derek Mapp, chairman of the London-based B2B publisher and exhibitions giant since 2008, with a successor expected to be installed by the end of the year. Mapp first joined Informa's board as a non-executive director in 2004—entering through the company's merger with academic publisher Taylor & Francis—and rose to chairman four years later. The latter half of his term as chair has been marked by a series of major expansions since Stephen Carter was named CEO in 2013, including a $375 million acquisition of U.S. publisher Hanley Wood's exhibitions business in 2014 and a $1.56 billion merger with Penton in 2016. Tuesday's announcement (which can be read below) notes that Mapp's 12-year term as chair will end as Informa concludes the integration of its most recent acquisition, UBM, which it bought for more than $5 billion in early 2018. Last year, the company sold UBM's life sciences portfolio to U.S.-based MJH Associates for $100 million, then ended 2019 by offloading several former Penton titles in separate transactions, executing what it has called its "progressive portfolio management" plan in updates to investors. In an email, an Informa rep called Mapp's departure "a planned stepping down and transition that will follow a steady process from here." Mapp also currently serves as chairman of Mitie, a facilities management outsourcing firm, and Imagesound, a privately-held company that provides... Continue reading at 'Folio Magazine'
[ Folio Magazine | 2020-01-08 19:41:38 UTC ]
If it wasn’t clear before that self-publishing is transforming the book industry, Pearson’s $116 million acquisition of self-publishing vendor Author Solutions Inc. should wipe away any lingering uncertainty. The purchase of Author Solutions—which has 1,600 employees, has published 150,000... Continue reading at Publishers Weekly
[ Publishers Weekly | 2012-07-20 00:00:00 UTC ]
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Apple Inc. says the accusation that it conspired with major book publishers to raise the price of ebooks is untrue.Apple spokesman Tom Neumayr says that, contrary to allegations in lawsuits by the Justice Department and 15 states, Apple fostered innovation and competition by introducing its... Continue reading at Crains New York
[ Crains New York | 2012-04-14 00:00:00 UTC ]
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In a conference call with analysts, Lynch said the retail stores are an “excellent business,” and Mitch Klipper, CEO of B&N’s retail group, said the company has been successful in getting lower rents when leases come up for renewal. In the next two to three years, two-thirds of B&N’s... Continue reading at Publishers Weekly
[ Publishers Weekly | 2012-02-24 00:00:00 UTC ]
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Since ebooks first became a meaningful part of a publisher’s business in 2009, results at Simon & Schuster have followed a familiar pattern—a decline in revenue but an increase in earnings. Between 2009 and 2011, total sales at S&S dipped 0.7%, but adjusted operating income has jumped... Continue reading at Publishers Weekly
[ Publishers Weekly | 2012-02-17 00:00:00 UTC ]
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This story first appears on FOLIO: sister site, minonline. Meredith Corp. chairman/CEO (since July 2004) Steve Lacy announced that the board of directors approved a $1.02-to-$1.53 per-share increase in the quarterly dividend paid to investors and authorized the repurchase of $100 million of... Continue reading at Folio Magazine
[ Folio Magazine | 2011-10-27 00:00:00 UTC ]
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Written By: Lisa Campbell Publication Date: Thu, 28/07/2011 - 14:11 Oxford University Press has described a surge in pretax profit by nearly 25% as "excellent", but said it does not underestimate the challenges publishers are facing. The academic publisher has reported pretax profits of... Continue reading at The Bookseller
[ The Bookseller | 2011-07-28 00:00:00 UTC ]
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Written By: Lisa Campbell Publication Date: Mon, 04/07/2011 - 16:00 The Book Depository has said it will continue to operate independently of Amazon, as the Office of Fair Trading (OFT) said it was "too early" to say if today's takeover of the online bookseller would trigger an investigation.... Continue reading at The Bookseller
[ The Bookseller | 2011-07-04 00:00:00 UTC ]
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Liberty Media Corp. executives laid out their rationale for their surprise bid for Barnes & Noble Inc., touting the potential of the bookseller's Nook e-reader and the vast network of retail stores it can use to promote it. Continue reading at AllThingsD
[ AllThingsD | 2011-05-24 00:00:00 UTC ]
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