News Corp profits dive 75% as Rupert Murdoch-owned company hints at AI future

Poor result weighed down by lower print and digital advertising at News Corp Australia, a division that includes flagship newspaper The AustralianRupert Murdoch’s News Corporation has recorded a steep 75% drop in full-year profit but sees opportunities ahead as it expands the use of cost-saving AI-produced content.The US-listed media conglomerate – which owns mastheads in the US, UK and Australia, along with book publishers, subscription television and real estate advertising assets – recorded $US187m ($A287m) in net profit for the financial year, down from the previous year’s $US760m record. Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2023-08-11 00:14:07 UTC ]

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BIBF: Dohle warns on impact of subscription model

Heavy readers switching to use ebook subscription services would have a "huge impact" on the revenue of book publishers, c.e.o of Penguin Random House (PRH) US Markus Dohle has warned. Continue reading at The Bookseller

[ The Bookseller | 2016-08-26 00:00:00 UTC ]
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PBAA and IPDA Announce Merger

Magazines and Books Retail Association will cater to magazine and book publishers, national distributors, wholesalers, and retailers. The post PBAA and IPDA Announce Merger appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2016-06-21 00:00:00 UTC ]
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Clays' parent company issues profit warning

St Ives, the parent company of book printer Clays, has warned of lower profits for the final quarter of 2016 and the next financial year because of “global economic uncertainty”. Continue reading at The Bookseller

[ The Bookseller | 2016-04-27 00:00:00 UTC ]
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German Children’s Book Publishers on the Language of Illustration

Can a country have a particular illustration style or aesthetic? Four German publishers tackle this question as the Bologna Book Fair takes place. The post German Children’s Book Publishers on the Language of Illustration appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2016-04-06 00:00:00 UTC ]
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German Publishers on Promising Licensing Markets Around the World

Ahead of the Bologna Book Fair, where Germany is Guest of Honor, German children’s book publishers about the rights opportunities they are seeing globally. The post German Publishers on Promising Licensing Markets Around the World appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2016-03-30 00:00:00 UTC ]
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Digital Advertising: A Shady, Shoddy, Fast-Growth Business

How can publishers make a business out of a series of shady practices? The post Digital Advertising: A Shady, Shoddy, Fast-Growth Business appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2016-03-25 00:00:00 UTC ]
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Marketers Still Eager to Increase Spending on Facebook and Google, Study Finds

A record 57% of marketers and agencies are allocating 20% or more of budgets to digital advertising, including 23% who earmark more than half of their spending for digital, according to the most recent in a series of studies published by RBC Capital Markets in partnership with Ad Age. Two... Continue reading at Advertising Age

[ Advertising Age | 2016-03-17 00:00:00 UTC ]
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Translation Funding Available from Spain’s Ministry of Culture

Book publishers can apply by April 4, 2016 for translation funding for works originally published in Spanish, Basque, Catalan or Galician. The post Translation Funding Available from Spain’s Ministry of Culture appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2016-03-09 00:00:00 UTC ]
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Supreme Court denies Apple appeal in ebooks price fixing case

Apple will pay $450 million as a settlement for ebook price fixing after the U.S. Supreme Court declined to hear the company's appeal of a lower court's antitrust ruling.The Supreme Court's decision Monday ends Apple's appeal of the antitrust case against the company and five book publishers and... Continue reading at PC World

[ PC World | 2016-03-07 00:00:00 UTC ]
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Fairfax Media posts $27.4m profit despite lower print advertising revenue

Property website Domain increases digital revenue by 37% and continues to prop up Fairfax’s overall profit as editorial restructure is announcedFairfax Media, publishers of the Age and the Sydney Morning Herald, have returned a net profit of $27.4m for the first half of the financial year... Continue reading at The Guardian

[ The Guardian | 2016-02-19 00:00:00 UTC ]
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6 Email Marketing Myths Debunked

HarperCollins executives Sam Missingham and Jim Hanas debunk 6 myths about email marketing for book publishers and share best practices. The post 6 Email Marketing Myths Debunked appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2015-12-10 00:00:00 UTC ]
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The Persistence of Email Marketing for Book Publishers

Email marketing is still very good for books — particularly ebooks — and has arguably never been better, argues HaperCollins' Jim Hanas. The post The Persistence of Email Marketing for Book Publishers appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2015-12-10 00:00:00 UTC ]
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Black authors don’t write only for white women | Dreda Say Mitchell

Yes, book publishers have a problem with writers of colour – it’s just not the one Man Booker prizewinner Marlon James describesThere are so few ethnic minority voices in publishing and the media that when one criticises another it has come to be regarded as a form of strike-breaking. Knowing... Continue reading at The Guardian

[ The Guardian | 2015-12-02 00:00:00 UTC ]
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Playing Hot Potatoes With Ad Blocking

Everyone’s to blame for the state of digital advertising, but ad blocking is a problem that’s landed right in publishers’ laps. The post Playing Hot Potatoes With Ad Blocking appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2015-10-26 00:00:00 UTC ]
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Amazon's third quarter sales rise 23%

Amazon saw a 23% rise in sales in the third quarter (ending September 30th) to $25.4bn ($20.6bn in third quarter 2014).  Net income stood at $79m in the third quarter, compared to a loss of $437m in the same period in 2014. The results follow a profitable second quarter of the year. Amazon is... Continue reading at The Bookseller

[ The Bookseller | 2015-10-24 00:00:00 UTC ]
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Martin Sorrell on newspaper digital ad slowdown: 'paywalls are the way to go'

WPP chief says publishers cannot rely solely on digital advertising, adding that his marketing services group is re-evaluating its spend on Google and FacebookSir Martin Sorrell has said that the slowdown in digital newspaper advertising growth is proof that publishers should have... Continue reading at The Guardian

[ The Guardian | 2015-10-19 00:00:00 UTC ]
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The Profit of Publishing with Purpose

When book publishers must compete with other media for readers' attention, publishers should have a clear vision for their business and titles. The post The Profit of Publishing with Purpose appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2015-10-15 00:00:00 UTC ]
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Tom Watson to speak at Unite-BookMachine event

Deputy leader of the Labour Party, Tom Watson will address United, We Publish, an evening of workshops hosted by Unite and BookMachine. Watson will discuss his role in exposing the phone-hacking scandal at News International and his book Dial M for Murdoch: News Corporation and the Corruption... Continue reading at The Bookseller

[ The Bookseller | 2015-10-08 00:00:00 UTC ]
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Digital Advertising’s Uncertain Future Focuses on Publishers

A major shakeout is coming to the digital media space as downward pricing pressure squeezes out some players.   Shane Smith, chief executive and co-founder of Vice Media, said the problem is so severe that only digital publishers who are able to ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2015-10-08 00:00:00 UTC ]
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News Corporation to Buy Unruly for Up to $176 Million

News Corporation announced Wednesday that it was buying Unruly, a video ad technology company, in a deal worth up to $176 million that underscores the publishing company’s continued push to remake itself for the digital age.   Fou ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2015-09-17 00:00:00 UTC ]
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