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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The coronavirus pandemic has hit the German book industry hard with sales down 13.9% year on year in the first half of 2020. Continue reading at The Bookseller
[ The Bookseller | 2020-07-10 04:40:48 UTC ]
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The global if tragically-induced surge of the Black Lives Matter movement has sparked vital conversations. Yet, what was revelatory for so many in our industry felt like Groundhog Day for most of us who are Black. We’re stuck – how do we change the narrative? Belonging, as abstract a concept as... Continue reading at The Bookseller
[ The Bookseller | 2020-07-09 13:41:59 UTC ]
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Markdowns are live for five days only. Lululemon rarely has markdowns, but the online shopping deities have blessed us with the opportunity to shop the athleticwear brand’s stretchy, flattering, soft, comfortable-as-hell goodies on sale. Lulu is featuring on-sale gear and apparel in every... Continue reading at Fast Company
[ Fast Company | 2020-07-09 10:51:22 UTC ]
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A new job retention bonus scheme aiming to encourage employers to keep on furloughed staff has been unveiled by the Chancellor of the Exchequer. Continue reading at The Bookseller
[ The Bookseller | 2020-07-08 07:43:08 UTC ]
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With bookshops still closed in parts of the UK, sales have surpassed last year’s numbers, with 3.8m print books sold in the last weekBritain’s readers have been emerging from lockdown to restock their bookshelves, with book sales – and particularly crime novels – booming in the three weeks since... Continue reading at The Guardian
[ The Guardian | 2020-07-07 16:17:09 UTC ]
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The Publishers Association has announced it will refund three months' worth of membership fees for small publishers, in recognition of the trading difficulties faced during lockdown. Continue reading at The Bookseller
[ The Bookseller | 2020-07-06 02:28:03 UTC ]
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Book sales fell 11% by volume year-on-year in the second quarter of 2020, estimates by Nielsen suggest, although there have been gains on 2019 since bookshops reopened. Continue reading at The Bookseller
[ The Bookseller | 2020-07-05 21:42:39 UTC ]
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The Publishers Association has compiled a summer audio reading list for parliamentarians as it urges them to remove VAT on audiobooks. Continue reading at The Bookseller
[ The Bookseller | 2020-07-02 16:39:44 UTC ]
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Rolf Grisebach has become the chair of classical music publishers Edition Peters. Continue reading at The Bookseller
[ The Bookseller | 2020-07-02 14:31:49 UTC ]
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After unit sales of print books hit a 2020 high in the week ended June 20, sales fell 9.6% last week at outlets that report to NPD BookScan. Though units fell compared to the previous week in 2020, sales jumped 18% over the comparable period in 2019. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-07-02 04:00:00 UTC ]
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The CJK Group has acquired the assets of Quad/Graphics’ Versailles, Ky., book manufacturing facility. Under the agreement, CJK bought the equipment and assumes the customer contracts at the facility. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-07-02 04:00:00 UTC ]
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The ABA and Out of Print have collaborated on a new line of book-themed face masks. A portion of each sale will be donated to the Book Industry Charitable Foundation. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-06-30 04:00:00 UTC ]
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Led by social justice and Father’s Day titles, unit sales had their best week in mid-June. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-06-26 04:00:00 UTC ]
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Two anti-racist titles, each selling more than 100,000 copies, and books bought for Father's Day led to a 9.1% increase in unit sales of print books last week at outlets that report to BookScan. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-06-25 04:00:00 UTC ]
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In an especially challenging year for print media advertising, The Wall Street Journal and Barron's Group executives spent their NewFronts presentation (virtually) touting their first-party data on consumers, especially the new paying readers who signed up during the pandemic. "There's a lot... Continue reading at AdWeek
[ AdWeek | 2020-06-24 18:42:54 UTC ]
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Reni Eddo-Lodge's Why I'm No Longer Talking to White People About Race (Bloomsbury) has notched up a second week as the UK Official Top 50 number one, selling 34,211 copies through Nielsen BookScan's TCM. Continue reading at The Bookseller
[ The Bookseller | 2020-06-23 13:15:03 UTC ]
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Though Nielsen has been unable to provide volume sales throughout the lockdown, the presence of multiple study guides in the bestseller lists points to a relative purple patch for the education sector. Continue reading at The Bookseller
[ The Bookseller | 2020-06-19 11:00:02 UTC ]
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With all categories except adult nonfiction posting increases, unit sales of print books rose 5.6% in the week ended June 13, 2020, over the comparable week last year, at outlets that report to NPD BookScan. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-06-19 04:00:00 UTC ]
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Though Nielsen has been unable to provide volume sales throughout the lockdown, the presence of multiple study guides in the bestseller lists points to a relative purple patch for the education sector. Continue reading at The Bookseller
[ The Bookseller | 2020-06-18 19:58:31 UTC ]
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Welbeck has appointed Kim Brown, formerly of Parragon Books, as vice president of sales and marketing for North America. Continue reading at The Bookseller
[ The Bookseller | 2020-06-18 18:08:56 UTC ]
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