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'


News outlets look to tablet computer users for revenue

More than half of owners read news on their devices, a survey shows, though there's not much willingness to pay for content. But there may be a way.With roughly 25 million adults in America now owning an iPad or other tablet computer, a new survey shows that the early adopters are using the... Continue reading at Baltimore Sun

[ Baltimore Sun | 2011-10-25 00:00:00 UTC ]
More news stories like this | News stories tagged with: #news outlets #survey shows #tablet computer #early adopters #social networking #reading books #watching videos


The Atlantic Sees 19 Percent Jump in Ad Revenue for Third Quarter

For the 12th consecutive quarter in a row, The Atlantic is reporting gains in print and online revenue. In third quarter 2011, overall advertising revenue is up 19 percent, with digital ad revenue soaring 41 percent and print up 3 percent over the third quarter of 2010. Continue reading at Folio Magazine

[ Folio Magazine | 2011-10-24 00:00:00 UTC ]
More news stories like this | News stories tagged with: #ad revenue #advertising revenue


Quarto reports 'much improved' third quarter trading

Written By: Charlotte Williams Publication Date: Fri, 21/10/2011 - 08:27 International co-edition publisher Quarto has increased its revenue and profit in the first nine months of 2011, with "much improved trading in the third quarter". In its Q3 interim management statement the company,... Continue reading at The Bookseller

[ The Bookseller | 2011-10-21 00:00:00 UTC ]
More news stories like this | News stories tagged with: #quarto reports #laurence orbach #reported sales #non-current intangibles #exceptional items


Amazon Cuts Publishers Out of the Mix, Makes Deals With Writers

Releasing a book on one of the world’s largest publishing marketplaces could help your company. Here's a quick guide to the basics of self-publishing. Continue reading at PC World

[ PC World | 2011-10-19 00:00:00 UTC ]
More news stories like this | News stories tagged with: #quick guide


Financial Times To Fold Paid Online News Service Tilt

The Financial Times will close FT Tilt, a premium online financial news and analysis service for finance professionals in emerging markets, at the end of October. "We propose to close FT Tilt at the end of October," an FT spokesperson told FOLIO:. Continue reading at Folio Magazine

[ Folio Magazine | 2011-10-13 00:00:00 UTC ]
More news stories like this | News stories tagged with: #emerging markets


FBF Day 1: rights round-up

Written By: Bookseller Staff Publication Date: Wed, 12/10/2011 - 14:00 A flurry of rights deals have been announced at Frankfurt Book Fair, including a memoir by BBC Radio 2 DJ Jeremy Vine and the history of Britain told through postal stamps. Michael Joseph has acquired world English-language... Continue reading at The Bookseller

[ The Bookseller | 2011-10-12 00:00:00 UTC ]
More news stories like this | News stories tagged with: #rights round- #rights deals #michael joseph


Consumer Magazine Ad Pages Fall 5.6 Percent in Third Quarter 2011

After showing growth for the first six months of 2011, consumer magazine ad pages fell 5.6 percent in the third quarter compared to the same period in 2010, according to newly released figures from Publishers Information Bureau. Continue reading at Folio Magazine

[ Folio Magazine | 2011-10-11 00:00:00 UTC ]
More news stories like this | News stories tagged with: #quarter compared #showing growth


Little, Brown brings forward Jobs biography

Written By: Charlotte Williams Publication Date: Fri, 07/10/2011 - 08:25 Little, Brown is to be bring forward publication of Steve Jobs: The Exclusive Biography by Walter Isaacson, publishing now on 24th October. The biography was written by Isaacson based on conversations with Apple-founder... Continue reading at The Bookseller

[ The Bookseller | 2011-10-07 00:00:00 UTC ]
More news stories like this | News stories tagged with: #exclusive biography #steve jobs #walter isaacson #24th october #5th october #originally scheduled #21st november


Potential Spanish ebook VAT cut welcomed

Written By: Paul Rigg Publication Date: Fri, 07/10/2011 - 15:11 The Spanish socialists pledge to reduce ebook VAT (IVA) to 4% has been welcomed by the director of the Spanish ebook platform Libranda. The announcement came from Alfredo Rubalcaba, who is the socialists’ candidate to become prime... Continue reading at The Bookseller

[ The Bookseller | 2011-10-07 00:00:00 UTC ]
More news stories like this | News stories tagged with: #prime minister #ebook market


Book Business Has Big Hopes for Biography of Steve Jobs

Industry experts said the biography of Steve Jobs could easily sell millions of copies in print, audio and ebook editions. Continue reading at The New York Times

[ The New York Times | 2011-10-07 00:00:00 UTC ]
More news stories like this | News stories tagged with: #book business #steve jobs #industry experts #ebook editions


Steve Jobs Biography Arrives in October, a Month Early

Steve Jobs's death has prompted Simon & Schuster to move up the publication date for his much-anticipated biography by Walter Issacson. The CBS-owned publishing unit has moved up the release date for "Steve Jobs" from Nov. 21 to Oct. 24. Not surprisingly, preorders for the book are... Continue reading at AllThingsD

[ AllThingsD | 2011-10-06 00:00:00 UTC ]
More news stories like this | News stories tagged with: #steve jobs #release date


Report: Media M&A Flat Through Third Quarter

A media M&A report for the first three quarters is out from M&A advisory firm the Jordan, Edmiston Group and transaction volume is about equal to the same period 2010, with value up by 10 percent to about $35 billion. Continue reading at Folio Magazine

[ Folio Magazine | 2011-10-05 00:00:00 UTC ]
More news stories like this | News stories tagged with: #edmiston group #$35 billion


Toubon confident over French VAT cut on ebooks

Written By: Barbara Casassus Publication Date: Wed, 05/10/2011 - 08:51 Former French culture minister Jacques Toubon has said he has high hopes that France will be able to cut VAT on ebooks from 19.6% to 5.5% next January as planned without triggering the wrath of the European Commission.... Continue reading at The Bookseller

[ The Bookseller | 2011-10-05 00:00:00 UTC ]
More news stories like this | News stories tagged with: #good chance #high hopes #european commission #digital revolution


Fortune Releases Steve Jobs History E-Book

"All About Steve: The Story of Steve Jobs and Apple from the Pages of Fortune" has been released on Amazon as a Kindle book. Continue reading at PC World

[ PC World | 2011-10-03 00:00:00 UTC ]
More news stories like this | News stories tagged with: #steve jobs #kindle book


Assange misses chart as September slump continues

Written By: Philip Stone Publication Date: Tue, 27/09/2011 - 15:27 Julian Assange's controversial memoir failed to make the charts after three days on sale, as printed books continue their September struggle. According to Nielsen BookScan data, sales were down 9% year-on-year. In total, £29.5m... Continue reading at The Bookseller

[ The Bookseller | 2011-09-27 00:00:00 UTC ]
More news stories like this | News stories tagged with: #previous week #9% year-on-year #physical books #uk booksellers


Reading scheme axed due to school spending cuts

Written By: Bookseller Staff Publication Date: Mon, 19/09/2011 - 09:39 A primary schools project that has helped thousands of struggling young pupils to read is being axed by the government, according to the National Association of Head Teachers (NAHT). The Reading Recovery Project involves... Continue reading at The Bookseller

[ The Bookseller | 2011-09-19 00:00:00 UTC ]
More news stories like this | News stories tagged with: #national association #london university


In E-Books, Publishing Houses Have a Rival in News Sites

Swiftly and at little cost, newspapers, magazines and sites like The Huffington Post are publishing their own version of ebooks. Continue reading at The New York Times

[ The New York Times | 2011-09-19 00:00:00 UTC ]
More news stories like this | News stories tagged with: #publishing houses #news sites #huffington post


John Wiley reports 5% first quarter growth

Written By: Charlotte Williams Publication Date: Thu, 08/09/2011 - 15:50 John Wiley & Sons has reported revenue growth of 5% for its first quarter fiscal year 2012 results, up to $430m (£267.5m) from $408m, on the same period last year. Revenue for its professional and trade division grew... Continue reading at The Bookseller

[ The Bookseller | 2011-09-08 00:00:00 UTC ]
More news stories like this | News stories tagged with: #quarter growth #ebook revenue


Hollinghurst misses Booker shortlist

Written By: Katie Allen Publication Date: Tue, 06/09/2011 - 11:18 Previous Man Booker Prize for Fiction winner Alan Hollinghurst has missed the shortlist for this year’s prize, which includes two debuts—Stephen Kelman and A D Miller— and a wealth of titles from indies. Bookies’ favourite and... Continue reading at The Bookseller

[ The Bookseller | 2011-09-06 00:00:00 UTC ]
More news stories like this | News stories tagged with: #bookies favourite #six-strong list #major publishers


Paper Cuts

The printed book is facing its share of challenges in the digital age. But one of the big­gest problems facing the future of the book has gone relatively unnoticed by book lovers—the quality of paper being used in many first edition hardcovers is declining, saddling consumers with inferior... Continue reading at Publishers Weekly

[ Publishers Weekly | 2011-09-02 00:00:00 UTC ]
More news stories like this | News stories tagged with: #printed book #digital age