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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Russian Book Sales Plummet in Ukraine, Imports to Be Cut

Sales of Russian books in the Ukraine have plummeted in 2014 and the Ukrainian government is looking at passing legislation to curtail imports further. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2014-08-11 00:00:00 UTC ]
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Gannett introduces digital-centric job titles for its staff journalists

Will Newsquest adopt the same editorial titles (with different pay rates)?Gannett, the largest US newspaper publisher, has created new job titles for editorial staff along with revised descriptions of their duties, as Jim Romenesko reveals.He cites a series of job titles now on offer at one of... Continue reading at The Guardian

[ The Guardian | 2014-08-11 00:00:00 UTC ]
More news stories like this | News stories tagged with: #editorial staff #daily titles


News Briefs: Week of August 11, 2014

Court grants preliminary approval to Apple settlement and more in this week's publishing news briefs. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-08-08 00:00:00 UTC ]
More news stories like this | News stories tagged with: #apple settlement


Harper 2014 Earnings Jump 5%; S&S Second Quarter Up 12%

According to two different reports, HarperCollins finished a strong fiscal 2014, which ended June 30, with revenue of $1.4 billion, up 5% over last year, while Simon & Schuster reported second-quarter revenues of $211 million, a 12% increase over the same period in 2013. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-08-08 00:00:00 UTC ]
More news stories like this | News stories tagged with: #harpercollins finished #12% increase


Liverpool, Glamorgan and Islington face library cuts

More than half of Liverpool's libraries are at risk of closure as the city council looks to... Continue reading at The Bookseller

[ The Bookseller | 2014-08-08 00:00:00 UTC ]
More news stories like this | News stories tagged with: #city council


Simon & Schuster Second Quarter Sales Rise 12%

S&S reported a 12% rise in revenue in the second quarter of 2014, credited the growth to such print bestsellers as Hillary Clinton's 'Hard Choices' and Stephen King's 'Mr. Mercedes.' Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-08-08 00:00:00 UTC ]
More news stories like this | News stories tagged with: #simon schuster #12% rise #print bestsellers #hillary clinton #hard choices #stephen king


PW Automates Job Moves Submissions

PW has automated the submission process for news about new hires, promotions and departures. Now subscribers can share information about career changes directly with us, though a data entry form on our website. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-08-06 00:00:00 UTC ]
More news stories like this | News stories tagged with: #submission process #share information


Indigo Has Big First Quarter

Indigo Books & Music got off to a strong start in fiscal 2015, posting a 5.4% growth in revenue in the first quarter ended June 28, 2014. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-08-06 00:00:00 UTC ]
More news stories like this | News stories tagged with: #strong start


iBooks Bestsellers: 'If I Stay' Takes #1

Gayle Forman's 'If I Stay,' adapted into a film to be released on August 22, landed in the top spot on Apple's iBooks bestseller list for the week ended August 4. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-08-06 00:00:00 UTC ]
More news stories like this | News stories tagged with: #ibooks bestsellers #takes #1 #gayle forman


Publishing Technology revenues drop in second quarter

Publishing Technology’s profit and revenue have been significantly hit in the second... Continue reading at The Bookseller

[ The Bookseller | 2014-08-06 00:00:00 UTC ]
More news stories like this | News stories tagged with: #publishing technology


Time Inc.'s Digital Ad Revenue Climbs 12% in Its First Solo Quarter

Second-quarter advertising revenue at Time Inc., the nation's largest magazine publisher, increased 3% compared to the second quarter of 2013, the company said Tuesday in its first quarterly earnings announcement since spinning off from Time Warner in June. Growth was driven partly by a 12%... Continue reading at Advertising Age

[ Advertising Age | 2014-08-05 00:00:00 UTC ]
More news stories like this | News stories tagged with: #12% increase #advertising revenues #1% increase #travel leisure #ad sales


Job Moves: August 5, 2014

Louise Braverman has been named director of publicity for Penguin Books and Penguin Classics. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-08-05 00:00:00 UTC ]
More news stories like this | News stories tagged with: #named director #penguin books #penguin classics


Mixed Quarter for Courier

Courier Corp. reported that revenue in the third quarter ended June 28, 2014 rose 5%, to $67.7 million. Net income slipped to $1.1 million, from $1.7 million in last year’s third quarter. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-08-05 00:00:00 UTC ]
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Job Moves: August 4, 2014

Lucy Danziger, most recently editor-in-chief of "SELF" magazine, is joining Ballantine Bantam Dell in the newly created position of editor-at-large. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-08-04 00:00:00 UTC ]
More news stories like this | News stories tagged with: #lucy danziger


Google News Gives Publishers More Control Over How It Indexes Their Sites

While European publishers have a rather contentious relationship with Google News, U.S. publishers have no such qualms and are more than happy to be indexed by the search giant’s crawlers. And starting today with the launch of the ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2014-08-04 00:00:00 UTC ]
More news stories like this | News stories tagged with: #european publishers #google news #contentious relationship


News Briefs: Week of August 4, 2014

Harlequin sale to HarperCollins closes and more in this week's publishing news briefs. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-08-01 00:00:00 UTC ]
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Job Moves: July 31, 2014

Stephanie Wong has been promoted to lifestyle marketing and publicity manager at Chronicle Books. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-07-31 00:00:00 UTC ]
More news stories like this | News stories tagged with: #publicity manager #chronicle books


Job Moves: July 29, 2014

Yvonne Hunter, former v-p, publicity and marketing at Penguin Group Canada, will be heading up literary, cultural and special events programming at the Toronto Public Library. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-07-29 00:00:00 UTC ]
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Job Moves: July 28, 2014

At Houghton Mifflin Harcourt, Bridgett Paradise has been named senior v-p of human resources and chief people officer. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-07-28 00:00:00 UTC ]
More news stories like this | News stories tagged with: #bridgett paradise #human resources


Job Moves: July 25, 2014

Abigail Naqvi has joined Bloomsbury as the head of academic marketing for the Americas. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-07-25 00:00:00 UTC ]
More news stories like this | News stories tagged with: #joined bloomsbury #academic marketing