PA Group sale of MeteoGroup provides cash bonus for DMGT and Trinity

Daily Mail and Daily Mirror parent companies to get share of weather information business's €190m sale to General AtlanticThe owners of the Daily Mail and Daily Mirror are among a group of publishers sharing a pre-Christmas windfall of £50m, thanks to PA Group's €190m (£126m) sale of its weather information business MeteoGroup.PA Group, the parent company of the Press Association news agency, expects to make around £125m from the sale of the business to General Atlantic.The biggest beneficiary is expected be Trinity Mirror, owner of the Daily Mirror, Sunday Mirror and Sunday People, which owns 21.5% of PA Group.The surprise news of a windfall of about £27m sent Trinity Mirror's share price to its highest level since October 2009, up more than 6% to 190p on Monday. The cash injection will make a big difference to the publisher's bottom line. In 2011 pre-tax profits fell 40% to £74m, with analysts at Panmure Gordon calling it "extraordinary hidden value"."Whilst Trinity Mirror anticipates a distribution of a portion of the proceeds through dividends after completion, the quantum and timing of any distribution is yet to be determined," said the company in a statement.Another beneficiary is Daily Mail & General Trust, owner of the Daily Mail and Mail on Sunday, which own 15.6% of PA Group and will make about £19.5m from the deal."DMGT anticipates a distribution of a portion of the proceeds through dividends after completion, though the amount and timing of any... Continue reading at 'The Guardian'

[ The Guardian | 2013-12-16 00:00:00 UTC ]
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Indigo Sales Topped C$1 Billion in Fiscal 2022

Driven by an increase in its physical stores, sales at Indigo Books & Music increased 17.4% in the fiscal year ended April 2, 2022, over fiscal 2021, rising to C$1.06 billion. Canada’s largest bookstore chain had an operating profit of C$29 million, compared to a loss of C$31.9 million in... Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-06-08 04:00:00 UTC ]
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LGBTQ YA eBooks On Sale for $2-3 for Pride!

More than 20 popular LGBTQ YA ebooks are on sale for under $5 on Amazon right now. Grab these deals while they last! Continue reading at Book Riot

[ Book Riot | 2022-06-07 15:52:23 UTC ]
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Conservative Group Launches “Hide the Pride” to Remove Books From Library Pride Displays

The movement intends to "empty libraries of LGBTQ content aimed at kids" by checking out and hiding all LGBTQ books on library displays. Continue reading at Book Riot

[ Book Riot | 2022-06-06 13:35:02 UTC ]
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Print Sales Fell 9.3% in Late May

With declines in all categories, unit sales of print books fell 9.3% in the week ended May 28, 2022, from the comparable week in 2021, at outlets that report to NPD BookScan. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-06-03 04:00:00 UTC ]
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A New Look for the Lisa Ekus Group

Forty years ago, Lisa Ekus left her position as senior publicist at Crown Publishing to open her own public relations firm working exclusively with those involved with cookbooks and culinary pursuits. This year, Ekus's daughter Sally took the reins at the company, which has rebranded as the Ekus... Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-06-03 04:00:00 UTC ]
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A Group of Louisiana Libraries Block Cultural Displays

A group of Louisiana libraries block cultural displays, including Pride, Black and Woman's History Month, and others. Continue reading at Book Riot

[ Book Riot | 2022-06-02 22:08:33 UTC ]
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Amazon to close Kindle bookstore in China, halt device sale

Amazon said Thursday it will shut down its digital Kindle bookstores in China and stop selling the device to retailers in the country Continue reading at ABC News

[ ABC News | 2022-06-02 17:45:04 UTC ]
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Print Book Sales Fell 9.3% Last Week

With sales down in all categories, unit sales of print books fell 9.3% last week compared to the week ended May 29, 2021 at outlets that report to NPD BookScan. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-06-02 04:00:00 UTC ]
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In this stellar group of European writers, two worthy of the Nobel

Savor the mastery of "The Aphorisms of Franz Kafka," "533 Days," "The White Room" and "The Lure of the Unknown." Continue reading at The Washington Post

[ The Washington Post | 2022-06-01 14:00:37 UTC ]
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Vox Media Relaunches and Expands Group Nine’s Performance Marketing Solution

Vox Media announced Wednesday the launch of VM Connect, a rebranded and expanded version of the performance-marketing solution G9 Direct, which Vox Media inherited from Group Nine Media after it acquired the digital media company in February. As G9 Direct, the platform enabled brands to purchase... Continue reading at AdWeek

[ AdWeek | 2022-06-01 11:00:00 UTC ]
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Print Sales Fell 6.4% in Mid-May

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[ Publishers Weekly | 2022-05-28 04:00:00 UTC ]
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Trade Publishing Sales Rose 2.6% in Q1

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[ Publishers Weekly | 2022-05-27 04:00:00 UTC ]
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Print Book Sales Fell 6% Again Last Week

The spring sales trend of weekly declines of about 6% continued last week, with unit sales of print books dropping 6.4% compared to the week ended May 22, 2021, at outlets that report to BookScan. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-05-26 04:00:00 UTC ]
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U.S. Book Show: Raven Named Bookstore of the Year, Lowe Named Sales Rep of the Year

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[ Publishers Weekly | 2022-05-24 04:00:00 UTC ]
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Belarus has banned the sale of 1984.

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[ Literrary Hub | 2022-05-20 14:23:20 UTC ]
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Print Book Sales Fell 6% Last Week

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[ Publishers Weekly | 2022-05-19 04:00:00 UTC ]
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Q1 Bookstore Sales Up 16% over 2021, But Trail 2019

March bookstore sales increased 12.5% over a year ago, contributing to a 16% gain in the first quarter of 2022 over the comparable period in 2021. The $1.99 billion in 2022 first quarter sales, however, was 2.5% below the first period of 2019. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-05-17 04:00:00 UTC ]
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Trade Publishing Sales Rose in February

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Print Unit Sales Fell 6% at the End of April

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