Mirror owner’s profits fall by nearly a third as newsprint costs soar

Reach, which also publishes the Star and the Express titles, says Ukraine war has affected advertisingThe rising cost of paper has dented profits at the publishing company Reach, which owns titles including the Mirror, the Express and dozens of local newspapers.Physical newsprint costs have risen by 65% on a like-for-like basis over the last year, forcing the company to reduce the number of pages in its newspapers, increase cover prices and send fewer newspapers to shops. Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2022-07-26 11:26:46 UTC ]
News tagged with: #local newspapers #profits fall

Other Publishing stories related to: 'Mirror owner’s profits fall by nearly a third as newsprint costs soar'


Mirror owner’s profits fall by nearly a third as newsprint costs soar

Reach, which also publishes the Star and the Express titles, says Ukraine war has affected advertisingThe rising cost of paper has dented profits at the publishing company Reach, which owns titles including the Mirror, the Express and dozens of local newspapers.Physical newsprint costs have... Continue reading at The Guardian

[ The Guardian | 2022-07-26 11:26:46 UTC ]
More news stories like this | News stories tagged with: #local newspapers #profits fall


‘Beyond Nine Lives’: Salon’s New Owners Look to Trim Costs as They Seek Easy Profit

Salon’s new owners say they see an easy path to profits for the troubled news publisher. On May 8, Salon Continue reading at Editor & Publisher

[ Editor & Publisher | 2019-05-20 19:00:45 UTC ]
More news stories like this | News stories tagged with: #trim costs


Profits Soar at HarperCollins as Audio Sales Boom

A 29% increase in sales of digital audio, coupled with lower costs, resulted in a 67% increase in profits at the publisher in the quarter ended December 31, 2023, over the comparable period a year ago. Total sales were up 4%. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-02-08 05:00:00 UTC ]
More news stories like this | News stories tagged with: #total sales #digital audio #lower costs #harpercollins


Sales Rise, Profits Soar at Amazon

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


Costs Cut into Profits at Big Publishers

In the first half of 2023, publishers struggled to keep expenses down, with multiple companies citing higher costs as the major reason margins shrank in the first six months of 2023. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-09-01 04:00:00 UTC ]
More news stories like this | News stories tagged with: #big publishers #publishers struggled


Trade predicts pressures on profits as costs rocket

The industry is facing an escalation in costs, as soaring energy prices and rising shipping fees add to the financial implications of distribution delays, with publishers, printers, analysts and retailers predicting pressure on profits and the likelihood of costs being passed on to consumers. Continue reading at The Bookseller

[ The Bookseller | 2021-10-29 15:37:05 UTC ]
More news stories like this |


First Half Profits Soared at Penguin Random House

Booming audiobook sales and strong performances in some of its largest markets boosted profits up 55.1% at Penguin Random House in the first six months of 2021. Revenue rose 10.9%, to €1.80 billion. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-08-31 00:00:00 UTC ]
More news stories like this | News stories tagged with: #strong performances #audiobook #penguin random house


How Magazine Publishers Are Cutting Print Costs to Improve Profits

Sponsored by Cummings Printing When it comes to improving profits at print magazines, there’s a tendency to focus on new ways of driving revenue. But while keeping a close eye on expenses can also have a significant impact on the bottom line, today’s environment often calls for a balancing... Continue reading at Folio Magazine

[ Folio Magazine | 2021-08-02 17:04:10 UTC ]
More news stories like this | News stories tagged with: #subscription side #tom harty #earnings call #core subscribers #shared stories #tech providers #niemeier prefers #limit contracts #custom publications #geographic regions #light customization #increasing productivity #multiple channels #magazine publisher


How Magazine Publishers Are Cutting Print Costs to Improve Profits

From frequency changes and staff reorgs to automation and list cleanup, publishers are getting creative when it comes to ensuring long-term viability. The post How Magazine Publishers Are Cutting Print Costs to Improve Profits appeared first on Eddie & Ozzie Awards. Continue reading at Folio Magazine

[ Folio Magazine | 2021-08-02 17:04:10 UTC ]
More news stories like this | News stories tagged with: #magazine publishers #improve profits


Marie Claire owner reports record profits on back of Covid reading boom

Future’s share price soars as it says full-year results will be ‘materially ahead’ of expectationsCoronavirus – latest updatesSee all our coronavirus coverageFuture, the owner of magazines from Marie Claire to Metal Hammer and sites such as TechRadar and GoCompare, has reported record revenues... Continue reading at The Guardian

[ The Guardian | 2021-05-19 12:15:47 UTC ]
More news stories like this | News stories tagged with: #company continues #full-year results #latest updatessee #coronavirus coveragefuture #metal hammer #group revenues #marie claire


HarperCollins Profits Soared in Q1

Big gains in digital and backlist sales combined to drive up profits at HarperCollins by 45% in the quarter ended March 31, 2021, while sales rose 19%. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-05-07 04:00:00 UTC ]
More news stories like this | News stories tagged with: #big gains #harpercollins


Quarto sees 2020 revenue fall 7% but profits rose

The Quarto Group saw revenue fall 7% year on year in 2020 to $126.9m (£91.5m) although adjusted operating profit increased to $10.6m (£7.6m) in the same period. Continue reading at The Bookseller

[ The Bookseller | 2021-03-22 10:24:18 UTC ]
More news stories like this | News stories tagged with: #profits rose #quarto group #quarto


Improved profits for Quarto, as it warns of costs of Covid-19

Quarto warns of lower trading as a result of Covid-19, but highlights improved profits in its latest full-year Continue reading at The Bookseller

[ The Bookseller | 2020-04-23 08:44:01 UTC ]
More news stories like this | News stories tagged with: #quarto


Quarto 'pleased' to post 2019 profit, but pandemic forces cost-cutting measures

Quarto has posted a trading update for its 2019 results, saying it expects revenues to slip 9% to $135.8m (2018: $149.3m) but will be returning a profit of $2.9m.  Continue reading at The Bookseller

[ The Bookseller | 2020-03-25 02:44:11 UTC ]
More news stories like this | News stories tagged with: #quarto


Lonely Planet turnover dips 5% as profit soars

Turnover for travel publisher Lonely Planet fell by 5% in 2018, while profit before tax increased by 111% on the previous year in a "solid" performance for the company.  Continue reading at The Bookseller

[ The Bookseller | 2019-08-16 15:47:40 UTC ]
More news stories like this |


How Magazine Publishers Are Cutting Print Costs to Improve Profits

Sponsored by Cummings Printing When it comes to improving profits at print magazines, there’s a tendency to focus on new ways of driving revenue. But while keeping a close eye on expenses can also have a significant impact on the bottom line, today’s environment often calls for a balancing... Continue reading at Folio Magazine

[ Folio Magazine | 2019-06-27 17:04:10 UTC ]
More news stories like this | News stories tagged with: #core subscribers #shared stories #tech providers #niemeier prefers #limit contracts #custom publications #geographic regions #light customization #increasing productivity #multiple channels #magazine publisher


Hachette UK reports 'strong' growth but parent company Lagardère's profits fall

Hachette UK has reported "strong" sales growth in 2018, although parent company Lagardère saw profits fall 9.6%. Continue reading at The Bookseller

[ The Bookseller | 2019-03-15 00:00:00 UTC ]
More news stories like this | News stories tagged with: #profits fall #hachette uk


Mirror owner warns over Brexit as it makes £200m writedown

Reach, which also owns Daily Express and Daily Star, reports £120m pre-tax loss for 2018Reach, the publisher of the Daily Mirror and Daily Express, has warned about the impact of Brexit on advertising, as it made a £200m writedown on its newspaper business that pushed it into the red for... Continue reading at The Guardian

[ The Guardian | 2019-02-25 00:00:00 UTC ]
More news stories like this | News stories tagged with: #daily mirror #daily express #newspaper business #trinity mirror #pretax loss #publishing rights


HC Profits Soared 42% in Q1 of Fiscal 2019

Strong backlist sales, in addition to a 55% jump in sales of digital audiobooks, led to a 42% increase in earnings at HarperCollins in the quarter ended September 30, 2018, over the comparable period a year ago. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-11-08 00:00:00 UTC ]
More news stories like this | News stories tagged with: #digital audiobooks


Amazon Profits Soar Again, Despite Disappointing Sales

Although sales rose 29% in the third quarter (ended September 30) over the comparable period a year ago, investors had expected more rapid growth. Still, profits jumped to $2.9 billion, up from earnings of $256 million a year ago. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-10-24 00:00:00 UTC ]
More news stories like this | News stories tagged with: #rapid growth #profits jumped #$256 million