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 ]
News tagged with:
#5% stake
#50% stake
Led by sales in the adult nonfiction category, and especially by sales increases in titles on race and social justice, unit sales of print books rose 1.6% last week at outlets that report to BookScan. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-06-17 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#sales increases
#small gain
#social justice
Bookstore sales plunged 65.3% in April compared to April 2019, tumbling to $219 million. April is expected to be the worst month for bricks-and-mortar stores, with advance sales for May released by the U.S. Census Bureau showing improvement in total retail sales for the month. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-06-16 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#april compared
#worst month
#bricks-and-mortar stores
#bookstore sales
Newspapers have endured tremendous change over the past few decades but perhaps no time stands out quite like what we’re Continue reading at Editor & Publisher
[ Editor & Publisher | 2020-06-15 07:00:15 UTC ]
More news stories like this | News stories tagged with:
#covid-19 crisis
#hearst
Unit sales of print books rose 6.8% in the week ended June 6, 2020, over the similar week last year, at outlets that report to NPD BookScan. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-06-12 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#early june
In 2017, we came to a realization: Our jobs should be easier. We worked on opposite ends of the advertising and media buying process. Lynn came from the buy side as a digital media manager at Macy’s, who had also previously handled agency work. Mollie was on the sales side, working at AdTheorent... Continue reading at Advertising Age
[ Advertising Age | 2020-06-11 15:19:00 UTC ]
More news stories like this | News stories tagged with:
#covid-19 pandemic
#immense world
#marketing landscape
#digital media
the Italian book business opens 'New Books from Italy' to promote contemporary titles, industry directories, and translation funding opportunities. The post New Books From Italy: Launching an International Rights Sales Program appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-06-11 13:55:15 UTC ]
More news stories like this | News stories tagged with:
#book business
'So You Want to Talk About Race' saw its sales jump by 848% last week over the previous week as a number of other social justice–related titles also saw big sales bumps, helping to drive up total unit sales of print books by 6.8% over the week ended May 30. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-06-11 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#sales jump
#previous week
#week ended
#social justice
#related titles
#print books
The Book Industry Health Insurance Partnership announced an agreement with Lighthouse Insurance Group Solutions to provide its membership with information on health insurance options. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-06-11 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#book industry
Net sales declined only 3.5% in April for publishers who report to AAP's StatShot program. That small drop, however, was due to a significant decline in returns. Publishers are concerned that returns will be heavier than usual when stores reopen and start shipping back unsold titles. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-06-11 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#small drop
#significant decline
#stores reopen
At some point or another most apprentices will have suffered from an inferiority complex. Caught in a no man’s land between employed and yet not fully employed, we occupy a precarious position. So when the coronavirus pandemic hit home, quite literally, you can imagine how that voice which... Continue reading at The Bookseller
[ The Bookseller | 2020-06-10 23:02:05 UTC ]
More news stories like this | News stories tagged with:
#lockdown diaries
#precarious position
Sarah Walden's Noodle Fuel has partnered with Little Tiger Group in a deal to create children’s non-fiction, activity and board books on an exclusive basis, just six weeks after launching. Continue reading at The Bookseller
[ The Bookseller | 2020-06-10 19:29:58 UTC ]
More news stories like this | News stories tagged with:
#tiger group
#sarah walden
#board books
Vesuvian Media Group announced plans to launch Rosewind Books, a romance media division focused on contemporary, historical, fantasy and holiday romance titles. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-06-09 04:00:00 UTC ]
More news stories like this |
The 5.5% decline in print unit sales last week compared to the previous week was mainly due to a 25.5% sales drop in the young adult category, in which 'The Ballad of Songbirds and Snakes' sold more than 270,000 copies in the week ended May 23. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-06-04 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#week compared
#previous week
#week ended
#5% decline
Books by authors including Reni Eddo-Lodge, Ibram X Kendi and Robin DiAngelo are selling out on both sides of the AtlanticBooks tackling racism and white supremacy by authors including Reni Eddo-Lodge, Ijeoma Oluo and Layla F Saad are selling out in Britain in the wake of eight days of protests... Continue reading at The Guardian
[ The Guardian | 2020-06-03 14:40:35 UTC ]
More news stories like this | News stories tagged with:
#robin diangelo
#white supremacy
#ijeoma oluo
#police killing
#george floyd
#longer talking
#white people
#nielsen bookscan
#combat racism
#nielsen
#bestselling book
The Publishers Association has expressed its support as member companies of the Association of American Publishers (AAP) filed a copyright infringement lawsuit against Internet Archive (IA), a self-described American digital library offering "universal access to all knowledge". Continue reading at The Bookseller
[ The Bookseller | 2020-06-01 17:39:50 UTC ]
More news stories like this | News stories tagged with:
#internet archive
#publishers association
Wren & Rook, an imprint of Hachette Children's Group will publish Sinead Burke's "empowering" non-fiction children's book Break the Mould: How To Take Your Place In The World. Continue reading at The Bookseller
[ The Bookseller | 2020-05-28 21:49:23 UTC ]
More news stories like this | News stories tagged with:
#debut children
#hachette children
#wren rook
#non-fiction children
#hachette
#children's book
Led by 'The Ballad of Songbirds and Snakes,' Suzanne Collins’ prequel to her blockbuster Hunger Games series, unit sales of print books rose 5.5% last week over the week ended May 16 at outlets that report to NPD BookScan. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-05-28 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#week ended
#suzanne collins
Need an e-reader to get through pandemic lockdowns? Now’s a good time to get one. Amazon is running a sale on the standard Kindle that drops the price of the Special Offers version to $60, or $30 below its usual price. That’s similar to historic lows... Continue reading at Engadget
[ Engadget | 2020-05-25 15:30:13 UTC ]
More news stories like this | News stories tagged with:
#usual price
#standard kindle
#pandemic lockdowns
#good time
#historic lows
#kindle
Exclusive: ACCC chair says any ‘inappropriate impediments to sale’ would ‘raise concerns’, as consortium puts in bid for newswire serviceThe chair of the competition and consumer watchdog, Rod Sims, says any attempt by News Corp and Nine to block a potential sale of Australian Associated Press... Continue reading at The Guardian
[ The Guardian | 2020-05-24 03:58:08 UTC ]
More news stories like this | News stories tagged with:
#block sale
#potential sale
#rod sims
#media executives
#news corp
Print sales for the UK’s biggest national newspapers slumped by as much as 39% last month, as the coronavirus lockdown Continue reading at Editor & Publisher
[ Editor & Publisher | 2020-05-22 22:41:14 UTC ]
More news stories like this | News stories tagged with:
#coronavirus lockdown
#print sales