It is an industry like no other, with profit margins to rival Google – and it was created by one of Britain’s most notorious tycoons: Robert Maxwell. By Stephen BuranyiIn 2011, Claudio Aspesi, a senior investment analyst at Bernstein Research in London, made a bet that the dominant firm in one of the most lucrative industries in the world was headed for a crash. Reed-Elsevier, a multinational publishing giant with annual revenues exceeding £6bn, was an investor’s darling. It was one of the few publishers that had successfully managed the transition to the internet, and a recent company report was predicting yet another year of growth. Aspesi, though, had reason to believe that that prediction – along with those of every other major financial analyst – was wrong.The core of Elsevier’s operation is in scientific journals, the weekly or monthly publications in which scientists share their results. Despite the narrow audience, scientific publishing is a remarkably big business. With total global revenues of more than £19bn, it weighs in somewhere between the recording and the film industries in size, but it is far more profitable. In 2010, Elsevier’s scientific publishing arm reported profits of £724m on just over £2bn in revenue. It was a 36% margin – higher than Apple, Google, or Amazon posted that year. Related: The high-tech war on science fraud Continue reading... Continue reading at 'The Guardian'
[ The Guardian | 2017-06-27 00:00:00 UTC ]
News tagged with:
#scientific journals
#scientific publishing
#amazon posted
A new book argues that corporate publishing has transformed what it means to be an author. Continue reading at New Yorker
[ New Yorker | 2023-11-01 10:00:00 UTC ]
More news stories like this | News stories tagged with:
#book argues
#corporate publishing
#big publishing
Amazon's self-publishing arm has begun a beta test on technology allowing KDP authors to produce audiobook versions of their e-books using virtual voice narration. The audiobooks will be available wherever Audible titles are sold. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-11-01 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#beta test
#audiobook
Miller, who, with his late wife, Anita Miller, founded Academy Chicago Publishers in 1975, died in Chicago on October 19. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-10-30 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#late wife
The celebrity memoir is booming. But while such books have become part of entertainers' brand management, the focus on salacious details poses risks. Continue reading at CBC
[ CBC | 2023-10-28 08:00:00 UTC ]
More news stories like this | News stories tagged with:
#britney spears
#risky business
#celebrity memoirs
#celebrity memoir
#memoir
The round-table workshops that proved highly successful in the Sharjah Bookseller Conference now are part of the Sharjah Publishers Conference. The post Sharjah Publishers Conference Introduces New Format appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2023-10-28 02:14:24 UTC ]
More news stories like this | News stories tagged with:
#format appeared
#bookseller
Publishers Weekly has selected 150 books across a wide range of categories for their best books of 2023. Continue reading at Book Riot
[ Book Riot | 2023-10-27 14:36:13 UTC ]
More news stories like this | News stories tagged with:
#wide range
#publishers weekly
Total sales at Amazon increased 13%, to $143.1 billion, in the third quarter ended September 30, 2023, over the comparable period in 2022, and operating income jumped to $11.2 billion, from $2.5 billion in the third quarter 2022. Online sales rose 7%. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-10-27 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#sales rise
#total sales
Publisher to double dividend after demand grows for books by Sarah J Maas and Samantha ShannonBusiness live – latest updatesThe book publisher Bloomsbury has hit record profits in the first half of the year thanks in part to a boom in fantasy fiction driven by the American author Sarah J Maas,... Continue reading at The Guardian
[ The Guardian | 2023-10-26 07:50:43 UTC ]
More news stories like this | News stories tagged with:
#year earlier
#continuing popularity
#harry potter
#american author
#book publisher
Sales were up 11% and profits increased 8% in the first half of the U.K.-based publisher's fiscal year. Sales in the U.S. were about $76 million, accounting for 46% of total revenue. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-10-26 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#-based publisher
#fiscal year
#total revenue
#trade publishing
Mind-body-spirit houses are adding titles for children centered on earth-based spirituality, magic, and more. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-10-25 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#adding titles
Shachar Orren, co-founder and Chief Marketing Officer, EX.CO In recent years, Meta, TikTok, Twitch and even Pinterest have encouraged digital publishers to create vertical content to adhere to their platforms’ standards for engagement driven by our vertical mobile device screens. In response,... Continue reading at Digiday
[ Digiday | 2023-10-24 13:02:04 UTC ]
More news stories like this | News stories tagged with:
#digital publishers
A Frankfurt Book Fair panel on independent comics publishers highlighted the innovative ways publishers get their books to readers. The post From Asia to Latin America: Independent Comics Publishers in Frankfurt appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2023-10-24 11:10:56 UTC ]
More news stories like this | News stories tagged with:
#frankfurt appeared
#latin america
#frankfurt book fair
Commercial book publishing was (and is) unbearably white. In 1971, when Toni Morrison became a trade editor, about 95 percent of the fiction published by the big commercial houses was by white authors. By 2018, that number dropped only to 89 percent. One of the only other black women working as... Continue reading at Literrary Hub
[ Literrary Hub | 2023-10-24 08:50:40 UTC ]
More news stories like this | News stories tagged with:
#toni morrison
#fiction published
#white authors
#book publishing
In the lead-up to this year's Esports Business and Gaming Summit, the event's organizers polled 112 North American gaming and esports executives about their thoughts on the industry’s current trajectory, representing a cross-section of executives in sectors including broadcasting and media,... Continue reading at Digiday
[ Digiday | 2023-10-24 04:01:00 UTC ]
More news stories like this | News stories tagged with:
#competitive gaming
#current trajectory
#game developers
#scholastic
Two publishers in Frankfurt are seeing success with up-and-coming children's book authors, both at home and through foreign rights deals. The post Frankfurt: Swedish, Lithuanian Publishers See Booming Children’s Book Sales appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2023-10-20 11:38:33 UTC ]
More news stories like this | News stories tagged with:
#post frankfurt
#booming children
#book sales
#book authors
#children's book
#children’s book
On March 11, 2022, Molly McGhee shared a resignation letter on Twitter. She was quitting her job as an assistant editor at Tor, despite the fact that her first acquisition, The Atlas Six, had debuted at number three on the New York Times Bestseller List. She cited “systemwide prejudice against... Continue reading at Electric Literature
[ Electric Literature | 2023-10-20 11:03:00 UTC ]
More news stories like this | News stories tagged with:
#assistant editor
#electric literature
#times bestseller
Three organisations argue that more transparency is needed after research found AI models have been trained using pirated works by authors such as Zadie Smith and Stephen KingThree major European publishing trade bodies have urged the EU to “act now” on transparency over artificial intelligence... Continue reading at The Guardian
[ The Guardian | 2023-10-19 13:53:46 UTC ]
More news stories like this | News stories tagged with:
#generative ai
#zadie smith
#artificial intelligence
#book chain
#largest book
#european publishing
In 1999, more than a dozen news publishers including The New York Times publicly pledged to ban cigarette advertisements. The move was part of a broader effort to curb the influence of an industry whose products were then--and remain now--the leading cause of preventable death in the United... Continue reading at AdWeek
[ AdWeek | 2023-10-19 06:00:00 UTC ]
More news stories like this | News stories tagged with:
#news publishers
#broader effort
#publishers including
The tennis champion has signed a two-book deal with Penguin Random House, saying it will be the first time she has paused and reflected on her remarkable career Serena Williams is set to publish two books, the first of which, a memoir, will take an “intimate” look at her childhood and remarkable... Continue reading at The Guardian
[ The Guardian | 2023-10-18 14:56:05 UTC ]
More news stories like this | News stories tagged with:
#publish memoir
#serena williams
#tennis champion
#memoir
This letter was originally published by ArabLit. The shocking and tragic events that began on October 7th and are ongoing today have had repercussions all over the globe, including within the publishing world. Award-winning Palestinian author Adania Shibli, who was a finalist for the 2020... Continue reading at Literrary Hub
[ Literrary Hub | 2023-10-17 09:05:58 UTC ]
More news stories like this | News stories tagged with:
#open letter
#adania shibli
#originally published
#publishing world
#national book award