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

Other Publishing stories related to: 'News Corp to cut 1,250 jobs after missing second-quarter estimates'


Job Moves: July 24, 2014

After over nine years years at Penguin, Beth Parker, associate publicity director of Gotham and Avery books, has left the company to start her own company, Beth Parker PR. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-07-24 00:00:00 UTC ]
More news stories like this | News stories tagged with: #avery books


Short Takes: Religion Publishing News Briefs, July 23, 2014

New partnership for a new house; book award nominations open; indie honors for two publishers. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-07-23 00:00:00 UTC ]
More news stories like this | News stories tagged with: #short takes


Job Moves: July 23, 2014

At Portfolio, Sentinel, and Current, Jacquelynn Burke and Margot Stamas have been promoted to senior publicist. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-07-23 00:00:00 UTC ]
More news stories like this | News stories tagged with: #senior publicist


Job Moves: July 22, 2014

Marie Florio has been promoted to director of subsidiary rights for the Simon & Schuster Publishing Group. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-07-22 00:00:00 UTC ]
More news stories like this | News stories tagged with: #subsidiary rights


Beyond the Paywall: Future Valuation of News

News pay models seem to be caught in a publishing purgatory. Newspaper publishers have the need to make content accessible, shareable, viral even. And yet, much of it is nestled behind paywalls, some of which have been erected with greater success th ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2014-07-22 00:00:00 UTC ]
More news stories like this | News stories tagged with: #newspaper publishers #greater success


Digital sales up 10% in first quarter

Consumer ebook sales rose 10% in the first quarter of 2014, according to the Publishers... Continue reading at The Bookseller

[ The Bookseller | 2014-07-21 00:00:00 UTC ]
More news stories like this | News stories tagged with: #digital sales


Job Moves: July 21, 2014

Jenna Pocius has joined little bee books as associate editor. Pocius was previously assistant editor at Bloomsbury Publishing. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-07-21 00:00:00 UTC ]
More news stories like this | News stories tagged with: #bee books #associate editor #bloomsbury publishing


Job Moves: July 18, 2014

Penny Makras will be joining the Harper marketing team on July 21 as a senior marketing manager. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-07-18 00:00:00 UTC ]
More news stories like this |


News’ Next Big Obsession Is To "Win The Couch"

Even with Facebook and Twitter and legions of newsreaders and apps, news organizations are still grappling with and working feverishly on new publishing technologies and resurfacing old content to siphon the glut of content and bring the news to new ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2014-07-17 00:00:00 UTC ]
More news stories like this | News stories tagged with: #news organizations


E-book Sales Rose 4% in First Quarter

Trade ebook sales rose 4.3% in the first quarter of 2014 to $387.9 million, according to AAP's monthly StatShot report. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-07-17 00:00:00 UTC ]
More news stories like this |


Job Moves: July 16, 2014

Kelli Chipponeri has been promoted to editorial director, children's, at Chronicle Books Children’s Publishing. Chipponeri joined the company in 2010 as executive editor. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-07-16 00:00:00 UTC ]
More news stories like this |


First Quarter Results Jump at EDC

Revenue at Educational Development Corp. rose 20%, to $7.2 million, in the first quarter ended May 31, 2014 compared to the first period of fiscal 2014. Earnings in the period jumped to $239,700 from $66,600 in last year's first quarter. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-07-16 00:00:00 UTC ]
More news stories like this | News stories tagged with: #quarter ended


Seeing More Politics in Your News Feed? Facebook Boosts Partisan Sites

Facebook has helped catapult sites like BuzzFeed and Upworthy into social stardom, boosting the visibility of media content on the News Feeds of millions of users and generating a deluge of traffic. But in this rising tide, some publishers have seen ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2014-07-14 00:00:00 UTC ]
More news stories like this | News stories tagged with: #media content #news feeds


Job Moves: July 14, 2014

Cambridge University Press has appointed Mandy Hill as the new managing director of academic publishing, taking over for Richard Fisher, who will be leaving in December after 30 years at the Press. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-07-14 00:00:00 UTC ]
More news stories like this | News stories tagged with: #academic publishing #richard fisher


Job Moves: July 10 2014

Teresa Zampino has joined Penguin Random House International Sales & Marketing as Penguin Group marketing manager, international. She was previously at Hachette Book Group. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-07-10 00:00:00 UTC ]
More news stories like this |


Nadine Dorries' novel The Four Streets reaches No 1 in the charts

Ebook sales for the Conservative MP in May topped 100,000, ahead of John Green and Jo NesboDigested read: The Four Streets by Nadine DorriesExtract: The Four StreetsNadine Dorries' first novel, a "heartbreaking family saga set in 1950s Liverpool", has sold more than 100,000 copies, according to... Continue reading at The Guardian

[ The Guardian | 2014-07-09 00:00:00 UTC ]
More news stories like this | News stories tagged with: #nadine dorries #ebook sales #conservative mp #john green


Job Moves: July 9, 2014

At Norton, Elizabeth Riley has been promoted to senior publicity director. Rachel Salzman and Erin Lovett have also been promoted to publicity directors. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-07-09 00:00:00 UTC ]
More news stories like this |


Job Moves: July 8, 2014

Becky Green has been promoted to v-p, director, children’s retail sales, Random House Children’s Books. She was previously the division's v-p. national accounts. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-07-08 00:00:00 UTC ]
More news stories like this | News stories tagged with: #retail sales #national accounts


Derbyshire faces cuts to library service

Libraries in Derbyshire could see staffing reduced and opening hours slashed as the county... Continue reading at The Bookseller

[ The Bookseller | 2014-07-07 00:00:00 UTC ]
More news stories like this | News stories tagged with: #library service


Cookbook News Bites: July 7, 2014

This week, chef/author John Currence takes home a SIBA award for 'Pickles, Pigs & Whiskey,' and the authors of 'Sweet Mandarin Cookbook' cook for the British Prime Minister and Chinese Premier. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-07-07 00:00:00 UTC ]
More news stories like this |