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
Publishers are seeing a surge in e-book and audio sales of up to 25% as readers escape the lockdown with feel-good fiction. Continue reading at The Bookseller
[ The Bookseller | 2020-04-23 02:30:27 UTC ]
More news stories like this | News stories tagged with:
#audio sales
#feel-good fiction
#e-book
Physical books sales in the United States are holding up in the wake of the coronavirus pandemic, with NPD BookScan reporting that 166.9 million units had been sold in 2020 through the week ending 11th April, just a 1.3% decline on the same period in 2019. Continue reading at The Bookseller
[ The Bookseller | 2020-04-20 18:30:17 UTC ]
More news stories like this | News stories tagged with:
#coronavirus pandemic
#3% decline
#bookscan
#print sales
Strong gains in the juvenile categories offset weakness in the adult categories in the week ended Apr. 11, 2020, resulting in a 2.9% increase in print unit sales over the comparable week in 2019 at outlets that report to NPD BookScan. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-04-17 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#early april
#strong gains
#9% increase
Bloomsbury is issuing new shares and implementing a raft of cash-saving measures to counter the impact of recent retail closures on its business, which in a "prudent downside scenario" the company estimated could see print revenues fall as much as 75%. Continue reading at The Bookseller
[ The Bookseller | 2020-04-17 01:14:48 UTC ]
More news stories like this | News stories tagged with:
#cut costs
#bloomsbury
Print unit sales rose 13.7% in the week ended April 11 over the week ended April 4 at outlets that report to NPD BookScan. Sales benefited from the release of 'Magnolia Table, Volume 2' by Joanna Gaines, which sold more than 130,000 copies last week. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-04-16 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#double-digit gain
#magnolia table
#joanna gaines
Bookstore sales ended a long monthly losing streak by posting a 0.8% sales increase in February over February 2019, but numbers are certain to fall again in March, when the impact of the new coronavirus on sales is reflected. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-04-15 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#bookstore sales
Group Nine Media, whose digital media properties include PopSugar, The Dodo and NowThis, laid off dozens of employees, or 7% of its more than 700-person staff, across the company. It's the latest publisher to take drastic action as COVID-19 has drastically altered the media landscape. As the... Continue reading at AdWeek
[ AdWeek | 2020-04-07 20:39:10 UTC ]
More news stories like this | News stories tagged with:
#media landscape
#latest publisher
#digital media
Sales from publishers who report data to the AAP's StatShot program rose 3.7% in January over January 2019. The impact of the new coronavirus on sales will be reflected in March results. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-04-07 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#report data
W H Smith has confirmed it plans to strengthen its balance sheet with new lending facilities of £120m accompanied by an equity issue of up to 13.7% of its issued share capital. Continue reading at The Bookseller
[ The Bookseller | 2020-04-05 20:57:09 UTC ]
More news stories like this | News stories tagged with:
#balance sheet
#w h smith
Bustle Digital Group, owner of a portfolio of digital media properties including Bustle itself, says it laid off two dozen Continue reading at Editor & Publisher
[ Editor & Publisher | 2020-04-03 21:34:37 UTC ]
More news stories like this | News stories tagged with:
#digital media
Higher paid staff at Pan Macmillan have been asked to volunteer for a pay reduction and employees at its distribution arm will be furloughed as the publisher unveiled measures to help “safeguard” its business during the Covid-19 pandemic. Continue reading at The Bookseller
[ The Bookseller | 2020-04-03 10:15:37 UTC ]
More news stories like this | News stories tagged with:
#covid-19 pandemic
#sales drop
#distribution arm
#pan macmillan
Steep drops in both adult segments led to a 13.5% decline in print unit sales in the week ended Mar. 28, 2020, compared to the similar week in 2019, at outlets the report to NPD BookScan. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-04-03 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#5% decline
Author James Patterson is spearheading a group that includes Reese Witherspoon, Reese’s Book Club, the Book Industry Charitable Foundation, and the American Booksellers Association in an effort to raise millions of dollars to help save independent bookstores. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-04-02 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#book club
#american booksellers association
#book industry
Bertram Group has sold its subsidiaries Erasmus Antiquariaat en Boekhandel BV and Houtschild Internationale Boekhandel BV to Casalini Libri SPA for an undisclosed sum. Continue reading at The Bookseller
[ The Bookseller | 2020-04-01 12:50:11 UTC ]
More news stories like this | News stories tagged with:
#bertram group
Under an agreement set to close April 30, HarperCollins will buy Egmont Books UK, Egmont’s book business in Poland, and the German unit Schneiderbuch. All three focus on the children's market. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-04-01 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#book business
#harpercollins
#egmont
Fears for jobs as print sales drop by as much as 30% after thousands of newsagents closeCoronavirus – latest updates See all our coronavirus coverageNational print newspaper sales have fallen by as much as 30% since the start of the government-ordered coronavirus lockdown, according to industry... Continue reading at The Guardian
[ The Guardian | 2020-03-27 14:04:29 UTC ]
More news stories like this | News stories tagged with:
#covid-19 lockdown
#latest updates
#local newspapers
#print sales
Unit sales of print books fell 5% in the week ended Mar. 21, 2020, compared to the similar week in 2019, at outlets that report to NPD BookScan. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-03-27 04:00:00 UTC ]
More news stories like this |
Penguin Random House c.e.o. Markus Dohle has warned staff the publisher may need to tighten its belt in its approach to publishing facing "the difficult times ahead". Continue reading at The Bookseller
[ The Bookseller | 2020-03-25 04:28:40 UTC ]
More news stories like this | News stories tagged with:
#markus dohle
The Publishers Association has unveiled a brand and website redesign, including a new logo, icon and colour scheme that have been chosen "to reflect the creativity and dynamism of the publishing industry". Continue reading at The Bookseller
[ The Bookseller | 2020-03-25 01:18:09 UTC ]
More news stories like this | News stories tagged with:
#website redesign
#colour scheme
#publishing industry
#publishers association
Revenue at Penguin Random House rose to €3.64 billion last year and earnings increased to €561 million. CEO Markus Dohle noted that despite the record year, the spread of the coronavirus means that the publisher will "have to endure some impact" to its business this year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-03-24 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#record year
#coronavirus means
#penguin random house