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 call Thursday morning, executives said that while the company plans to center much of its investment around video and e-commerce going forward, it's also predicting rebounds in both newsstand revenue and print advertising for a magazine portfolio that's been streamlined through a series of divestments, frequency changes, repositionings and new launches over the past two years. Overall, Meredith maintained the more conservative outlook that it originally communicated in September at the end of its 2019 fiscal year, saying it still expects earnings from continuing operations to range from $197 to $212 million over fiscal 2020, or $2.58 to $2.88 on a per-share basis. In the national media group, which houses all of the company's magazines and related digital brands, Meredith reported an operating profit of $28 million for the quarter, up from $18.1 million a year ago, even as overall Q1 revenue slipped from $560.6 million last year to $532.9 million this year. The company says it reduced the group's expenses by a further 7% over the last three months, after spending much of the past two years selling off non-core assets and trimming staff in less profitable areas of the... Continue reading at 'Folio Magazine'
[ Folio Magazine | 2019-11-07 19:16:37 UTC ]
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Vox Media is expanding its print offerings. This year, the digital media company is launching The Cut's first-ever Fall Fashion Issue. The Cut, part of New York Magazine, is competing for lucrative print ad dollars that fashion-focused publications like Vogue and... Continue reading at AdWeek
[ AdWeek | 2024-09-04 17:00:06 UTC ]
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Giving the Monash Oration in Sydney, Kim Williams says truth and democracy suffers every time a job in journalism is cut Get our breaking news email, free app or daily news podcastThe chair of the ABC has quoted the memoir of US vice-presidential candidate JD Vance while discussing the... Continue reading at The Guardian
[ The Guardian | 2024-09-04 11:02:26 UTC ]
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The cookbook author is bringing her YouTube show to TV, thanks to Tastemade’s streaming channels. Esteemed cookbook author Alison Roman is finally getting a TV show—but not on the Food Network. Continue reading at Fast Company
[ Fast Company | 2024-09-03 12:00:00 UTC ]
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Vault Books has announced an expansion of its collaboration with Aethon Books, and will publish a selection of Aethon's popular LitRPG webcomics in print as illustrated light novel adaptations. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-08-26 04:00:00 UTC ]
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The final 2023 industry sales report from the Association of American Publishers found sales of digital audiobooks poised to surpass those of e-books, higher net prices helping to offset a drop in unit sales, and more. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-08-22 04:00:00 UTC ]
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Beloved comedy publication The Onion has started back up with a paper-and-ink print edition for the first time in over ten years. As announced on the comedy institution’s website and in a story in The New York Times, The Onion has decided to return to their roots as a newsprint, fish-wrappable,... Continue reading at Literrary Hub
[ Literrary Hub | 2024-08-16 17:57:49 UTC ]
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New releases in fiction, nonfiction and comics that caught our attention. Hum by Helen Phillips Robots have become a regular fixture of the workforce, and humans are losing their jobs to AI. Climate change is wreaking havoc on the planet. It’s getting harder and harder for the average person to... Continue reading at Engadget
[ Engadget | 2024-08-10 19:43:55 UTC ]
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The company has largely flown under the industry radar since it was launched in 1974 by the wife-and-husband team of Nancy and Peter Schiffer. But the arts and crafts publisher today stands as a bona fide indie success story. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-08-09 04:00:00 UTC ]
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In “The Future Was Now,” former Entertainment Weekly film critic Chris Nashawaty explores the significance of the summer of 1982, which featured the release of eight groundbreaking science fiction and fantasy films Continue reading at ABC News
[ ABC News | 2024-08-01 22:54:26 UTC ]
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When people type a question into Perplexity, the two-year-old search engine scours the internet and uses information from multiple sources, including online publishers, to synthesize an answer using AI. Soon, Perplexity will start sharing revenue with some publishers as part of an advertising... Continue reading at Engadget
[ Engadget | 2024-07-30 13:00:52 UTC ]
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U.K. online book retailer Books2Door reported that sales of £2.7 million in the first six months of 2024, a 38% increase compared to the same period in 2023. The company credits TikTok for giving it a significant boost. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-07-29 04:00:00 UTC ]
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Reps say Spanish-language large print books are a great way for young English-language learners to improve their reading skills while staying connected to their cultural backgrounds and enjoying the same works as their English-speaking peers. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-07-26 04:00:00 UTC ]
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NBCUniversal is once again the first major publisher to wrap upfront talks. Today, ADWEEK learned the company "drove modest growth across its portfolio," according to a source familiar with the matter. The growth was fueled by audiences, live programming and streaming.... Continue reading at AdWeek
[ AdWeek | 2024-07-19 16:48:17 UTC ]
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Imagine following Harry Potter’s adventures while the gothic library of Hogwarts glows in the background. Apple’s latest VR headset suggests that future may be near. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-07-19 04:00:00 UTC ]
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Photo by Laurel Chor and NPR NPR reports that this May, the printing press Factor Druk in the Ukrainian city of Kharkiv was devastated by a Russian missile attack, taking the lives of seven employees and wounding more than 20 others. The attack also destroyed thousands of books and much of the... Continue reading at Literrary Hub
[ Literrary Hub | 2024-07-18 17:02:49 UTC ]
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The top-selling religion book in the first half of the year was 'Mostly What God Does' by Savanah Guthrie, with Bibles and titles by Lysa Terkeurst and Sarah Young also helping to drive up print sales of religion books in the first six months of the year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-07-16 04:00:00 UTC ]
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Print book sales and store traffic are on the rise. Plus: Book Riot's best books of 2024, adaptation news, and more. Continue reading at Book Riot
[ Book Riot | 2024-07-10 15:00:00 UTC ]
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Books by Sarah J. Maas and Rebecca Yarros, among the bestselling books of 2024 so far, sparked a huge increase in the adult fantasy category and helped keep print sales roughly flat with the first half of 2023. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-07-08 04:00:00 UTC ]
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As the world’s largest independent seller of new and used books, ThriftBooks is known to customers as the place to purchase affordable books and locate hard-to-find titles. But the online retailer also plays another important role: helping libraries raise significant funds from unneeded books.... Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-07-08 04:00:00 UTC ]
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Forward-thinking booksellers are reinventing community programming staples, from author visits to subscription boxes. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-07-05 04:00:00 UTC ]
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