News Corp. returns to black in final year before spinoff

News Corp., the publishing company that owns The Wall Street Journal, reported $506 million in net income for the fiscal year ended June 30, the last year before its split from Rupert Murdoch's entertainment operations.The profit, which amounted to 87 cents a share, compared with a loss of $2.08 billion, or $3.58, in the year-earlier period, the New York-based company said Friday in a regulatory filing. Revenue climbed 2.7% to $8.89 billion.News Corp., where Mr. Murdoch serves as chairman, is narrowing its focus to larger publications such as the Journal, the New York Post and the U.K.'s Times. When the company broke off from 21st Century Fox Inc., it started out with $2.6 billion in cash and zero debt.The company also said it will pay a dividend at some point in the future, without specifying the date or the amount."Payment of future dividends to stockholders will fall within the discretion of its board of directors," News Corp. said in the filing. Continue reading at 'Crains New York'

[ Crains New York | 2013-09-21 00:00:00 UTC ]
News tagged with: #york-based company #company broke #net income #rupert murdoch #entertainment operations #york post

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After 50 years, the Costa Book Awards are over.

The Costa Book Awards, which was founded in 1971 and known as the Whitbread Book Awards until 2005, is no more. Today, Costa Coffee announced that the 2021 Costa Book Awards, held in February 2022, would be the last iteration of the prizes. “We are incredibly proud to have played a part in... Continue reading at Literrary Hub

[ Literrary Hub | 2022-06-10 12:34:21 UTC ]
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Librarians Wrap Up a Difficult Year

As the 2021–2022 school year comes to a close, we asked a number of school librarians to reflect on the year that was. We learned that even though this past year was a return to in-person learning for most schools across the country, it was rarely a return to normalcy. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-06-10 04:00:00 UTC ]
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Book to Film and Back: 'Star Child' Returns to Print with A24

Indie entertainment company A24's publishing division is bringing Claire A. Nivola's 2014 picture book 'Star Child' back into print in a redesigned and expanded edition; the book was prominently featured in the 2021 film 'C’mon C’mon,' written and directed by Mike Mills. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-06-09 04:00:00 UTC ]
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Audiobook Sales Up for 10th Straight Year

Audiobook sales are up for the tenth straight year. Here are the results from a few studies detailing audiobook listener habits. Continue reading at Book Riot

[ Book Riot | 2022-06-08 17:45:20 UTC ]
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Abu Dhabi International Book Fair’s Final Exhibitor Tally: 1,130 Publishers

Exhibiting publishers from more than 80 nations participated in an Abu Dhabi International Book Fair that staged more than 650 events. The post Abu Dhabi International Book Fair’s Final Exhibitor Tally: 1,130 Publishers appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2022-06-06 21:38:24 UTC ]
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Licensing Expo Returns in Person

Interest in publishing as a core category within licensed consumer products programs remains strong, as was evident from a walk through the aisles of Licensing Expo, which ran May 24–26 in Las Vegas. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-06-03 04:00:00 UTC ]
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These are the books all the rich people will be reading in the metaverse this year.

Did you know that J.P. Morgan releases a summer reading list every year? (I didn’t, and I’m the person who does these.) Last week, the bank (??) announced its 23rd annual (??) summer reading list, which “invit[es] readers worldwide to explore the adventures, discoveries and new ideas that... Continue reading at Literrary Hub

[ Literrary Hub | 2022-06-02 14:46:06 UTC ]
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The new Broadway revival of Death of a Salesman features a Black Loman family.

Death of a Salesman is returning to Broadway! In 1949, Arthur Miller won the Pulitzer Prize for this play, a critique of the futility of chasing the American Dream. Willy Loman has spent so much of his life on the road as a traveling salesman; upon returning home, he comes to the shattering... Continue reading at Literrary Hub

[ Literrary Hub | 2022-06-01 15:31:43 UTC ]
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Smaller Licensing Expo Generates Steady Traffic in Live Return

Though the number of exhibitors was down from the last in-person Licensing Expo held in 2019, most exhibitors said they had productive meetings throughout the first day of the conference. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-05-25 04:00:00 UTC ]
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Printing fake news, this editor helped push America into World War I

Providence Journal editor John Revelstoke Rathom also had a fake biography, writes journalist Mark Arsenault. Continue reading at The Washington Post

[ The Washington Post | 2022-05-20 12:00:53 UTC ]
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In ‘This Time Tomorrow,’ a 40-year-old gets to be 16 again

Emma Straub's novel follows a woman who can revisit the past and reshape the future. Continue reading at The Washington Post

[ The Washington Post | 2022-05-20 11:00:35 UTC ]
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Deborah James’s second and final book tops Amazon chart ahead of publication

The columnist and podcaster’s How to Live When You Could Be Dead is out in August heads the bestsellers listPre-orders of Deborah James’s second book have soared within days of it becoming available. The podcast host’s memoir-cum-self-help volume is topping the Amazon UK bestsellers list, ahead... Continue reading at The Guardian

[ The Guardian | 2022-05-19 11:47:24 UTC ]
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Cultural Personality of the Year: Abdullah Al-Ghathami

For his work in 'cultural criticism, women’s studies, and critical thinking,' Abdullah Al-Ghathami is the Sheikh Zayed Book Award's honoree. The post Cultural Personality of the Year: Abdullah Al-Ghathami appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2022-05-19 09:15:44 UTC ]
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EDC's Revenue Returns to Earth

After hitting a record high of $204.6 million in the fiscal year ended February 28, 2021, revenue at Educational Development Corp. fell 30.3% in fiscal 2022, dropping to $142.2 million. Net earnings declined 34.1%, to $8.3 million. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-05-19 04:00:00 UTC ]
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Amazon’s massively upgraded Fire 7 tablet finally supports USB-C charging

Lingering Micro-USB ports are the bane of consumer electronics. Every time I see an allegedly “new” gadget with one of those fragile, asymmetrical charging tips I cringe. Following in the footsteps of its Kindle e-readers, Amazon is updating its phenomenally popular base model Fire Android... Continue reading at PC World

[ PC World | 2022-05-18 14:09:54 UTC ]
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Panel Mania: Radical: My Year with a Socialist Senator by Sofia Warren

In the summer of 2018, 'New Yorker' Cartoonist Sofia Warren emailed Julia Salazar, a young democratic socialist running for the New York state senate, a request to follow her around and create a nonfiction comics account of her campaign. The result is the graphic memoir 'Radical: My Year with a... Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-05-18 04:00:00 UTC ]
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Tokyopop Marks 25 Years: CEO Stu Levy Looks Back and Ahead

Founded 25 years ago by Stu Levy at a time when manga was a niche within a niche, Tokyopop brought manga—Japanese book-format comics—to a new generation of young American fans, ushering in a new era in North American comics. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-05-18 04:00:00 UTC ]
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A new 'Black Mirror' season is in the works after a long hiatus

It seems Black Mirror is making a comeback. Three years after the fifth season of the sci-fi anthology series arrived, Variety reports that Netflix has greenlit a sixth season.Details are scant for now, though it seems casting is in progress for a season that's expected to have more episodes... Continue reading at Engadget

[ Engadget | 2022-05-16 14:22:10 UTC ]
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The iPod created the two-headed monster that finally killed it

The iPod's death has been a long time coming. Somehow, it's already been eight years since Apple discontinued the iconic iPod classic. Nonetheless, the news this week that Apple is discontinuing its last iPod, the touch is significant: This officially marks the official end of a product that set... Continue reading at Engadget

[ Engadget | 2022-05-13 13:00:47 UTC ]
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