News Corp to cut 1,250 jobs after missing second-quarter estimates

Reduced ad spends due to rising inflation and higher interest rates have battered Rupert Murdoch’s media conglomerateMedia conglomerate News Corp said on Thursday that it would cut 1,250 jobs after it missed estimates for second-quarter earnings due to weakness in its news and digital real estate businesses.Rising inflation and higher interest rates are forcing companies to curb their ad and marketing spend, denting one of the major sources of revenue for companies such as News Corp, which has major publishing platforms including the Wall Street Journal and New York Post in the US, the Sun and the Times in the UK, and the Australian. Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2023-02-09 22:30:39 UTC ]
News tagged with: #marketing spend #york post #major publishing #news corp

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Nebraska Book Co. Has Improved Third Quarter

The Nebraska Book Company reported that revenue for the third quarter rose 10.7% over the comparable period in 2013, citing higher textbook rentals for the improved results. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-03-03 00:00:00 UTC ]
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Bloomberg’s Justin Smith: ‘Platforms have done a better job at media.’

It's been a year since Justin Smith became Bloomberg Media's global CEO with the mandate of raising the financial news and information brand's awareness with business executives. We chatted with him about how publishers can Facebook-proof their business, why print still has a future, and working... Continue reading at Digiday

[ Digiday | 2015-02-25 00:00:00 UTC ]
More news stories like this | News stories tagged with: #bloomberg media #post bloomberg #justin smith


Short Takes: Spirituality and Religion News Briefs, February 25, 2015

Author and wife featured on radio special about finding love when disabled; awards and honors. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-02-25 00:00:00 UTC ]
More news stories like this | News stories tagged with: #short takes #finding love


Bad News for Kindle Unlimited in France?

France is once again putting pressure on Amazon, this time through ebook subscription. Ironically, France's homegrown subscription services may suffer more. The post Bad News for Kindle Unlimited in France? appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2015-02-20 00:00:00 UTC ]
More news stories like this | News stories tagged with: #bad news #kindle unlimited #ebook subscription


Borrell on Local News: Inform, but Help Businesses Thrive

We know what at least some community news publishers think about Gordon Borrell’s recent statement that the “good content that needs to be developed is basically advertising or consumer related.”   But did the CEO o ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2015-02-20 00:00:00 UTC ]
More news stories like this | News stories tagged with: #local news


Not just quizzes: News is gaining on Facebook, too

A look at the top shared stories on Facebook can be a depressing exercise, unless you're a big fan of quizzes and listicles. But it's not all bad for traditional publishers. As Facebook has tweaked its algorithm and publishers get more savvy about social, news outlets are also showing... Continue reading at Digiday

[ Digiday | 2015-02-20 00:00:00 UTC ]
More news stories like this | News stories tagged with: #news outlets #traditional publishers #big fan


News Briefs: Week of Febraury 23, 2015

Shoemaker named president at PGW and more in this week's publishing news briefs. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-02-20 00:00:00 UTC ]
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Inside 4 UK news publishers’ content studios

The clamor for native advertising budgets has led to many of the top news publishers rebranding and up-skilling. Here's how their solutions stack up. The post Inside 4 UK news publishers’ content studios appeared first on Digiday. Continue reading at Digiday

[ Digiday | 2015-02-19 00:00:00 UTC ]
More news stories like this | News stories tagged with: #content studios


DCMS 'investigating' Lincolnshire library cuts

The Department for Culture, Media and Sport is investigating whether Lincolnshire County Council is providing a “comprehensive and efficient” library service. The investigation – a preliminary step to enable the Culture Secretary Sajid Javid to decide whether a local inquiry is necessary -... Continue reading at The Bookseller

[ The Bookseller | 2015-02-17 00:00:00 UTC ]
More news stories like this | News stories tagged with: #local inquiry #library service


FSG, Faber and Faber Cut Ties

Citing the need to develop a new approach to the U.S. market, the U.K. publisher Faber and Faber Ltd. has ended its affiliation with Farrar, Straus and Giroux that created the U.S.-based Faber and Faber Inc. imprint. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-02-17 00:00:00 UTC ]
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Brian Williams has gone, but false news is bigger business than ever | Emily Bell

The web has simultaneously enabled an accelerated cycle of untrue stories and rumour, and the ability to debunk themEvery journalist is familiar with the type of story that is “too good to check”. It is a warning label on tales that beg to be true but probably aren’t. In the pre-social-media... Continue reading at The Guardian

[ The Guardian | 2015-02-15 00:00:00 UTC ]
More news stories like this | News stories tagged with: #plain sight #nightly news


Why book publishers will miss Jon Stewart

Jon Stewart was known for bringing attention to lower-profile, more obscure books. Continue reading at The Christian Science Monitor

[ The Christian Science Monitor | 2015-02-13 00:00:00 UTC ]
More news stories like this | News stories tagged with: #book publishers #jon stewart


News Briefs: Week of Febraury 16, 2015

Sales, earnings dropped at S&S in 2014 and more in this week's publishing news briefs. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-02-13 00:00:00 UTC ]
More news stories like this | News stories tagged with: #earnings dropped


Cardiff library reprieve, but Birmingham cuts confirmed

Libraries in Cardiff have seen a reprieve from the city council, but major cuts to the Library of Birmingham are to go ahead. The ruling Labour group in Cardiff has confirmed that the seven libraries in the city that faced having their funding withdrawn will continue to be run and operated by... Continue reading at The Bookseller

[ The Bookseller | 2015-02-12 00:00:00 UTC ]
More news stories like this | News stories tagged with: #city council #major cuts #funding withdrawn


Short Takes: Religion Publishing News Briefs, February 11, 2015

Nominations open for Christian Small Publishers awards; Barbour books recognized. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-02-11 00:00:00 UTC ]
More news stories like this | News stories tagged with: #short takes #nominations open


Flipboard moves to the web with plans to host some news publishers' content

After attracting more than 50m monthly readers on tablets and smartphones, US startup smashes down its walled garden and hopes partners will see the potentialFlipboard came to prominence as a news-reading app for tablets and smartphones, attracting more than 50 million monthly active readers by... Continue reading at The Guardian

[ The Guardian | 2015-02-10 00:00:00 UTC ]
More news stories like this | News stories tagged with: #mobile app #reading experience #media companies


Evergreens mark 1,000 weeks in TCM

Last week two books—Eric Carle’s The Very Hungry Caterpillar (Puffin) and Michael Rosen’s We’re Going on a Bear Hunt (Walker)—achieved a unique feat, notching up their 1,000th week in BookScan’s Total Consumer Market Top 5,000. The two books are the UK book trade’s only remaining Evergreens:... Continue reading at The Bookseller

[ The Bookseller | 2015-02-07 00:00:00 UTC ]
More news stories like this | News stories tagged with: #michael rosen #records began


Waterstones cuts losses as Daunt looks ahead with 'optimism'

Waterstones cut its losses in its last financial year with managing director James Daunt describing it as year of “significant progress” and insisting that the business was edging towards profitability. It is the second consecutive year of reduced losses at Waterstones under Daunt, and includes... Continue reading at The Bookseller

[ The Bookseller | 2015-02-06 00:00:00 UTC ]
More news stories like this | News stories tagged with: #financial year #consecutive year #significant progress


News Briefs: Week of Febraury 9, 2015

Harper Lee to publish second novel and more in this week's publishing news briefs. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-02-06 00:00:00 UTC ]
More news stories like this | News stories tagged with: #harper lee