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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Parents keen to encourage children into good hygiene practices during the coronavirus outbreak turn to Tony Ross’s anarchic creation for helpParents desperate to persuade their children to keep washing their hands have been turning to Tony Ross’s anarchic creation the Little Princess for help,... Continue reading at The Guardian
[ The Guardian | 2020-03-23 12:31:25 UTC ]
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A large decline in the adult nonfiction segment dropped sales of print units 5.7% in the week ended Mar. 14, 2020, compared to the similar week in 2019, at outlets that report to NPD BookScan. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-03-20 04:00:00 UTC ]
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Unit sales of print books fell 10% for the week ended March 14 compared to the previous week, according to NPD BookScan. The juvenile nonfiction category was the only segment in which sales rose last week. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-03-19 04:00:00 UTC ]
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After two decades as a division of Atlantic Media, GovExec is going independent. Atlantic Media owner David Bradley has sold a controlling stake in Government Executive Media Group (GEMG), a portfolio of media brands serving the public sector, to Growth Catalyst Partners, a Chicago-based... Continue reading at Folio Magazine
[ Folio Magazine | 2020-03-17 14:43:03 UTC ]
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As it works to meet the surge in demand for "household staples, medical supplies, and other high demand products," Amazon has sent a letter to other suppliers, including publishers, telling them their goods will receive a low priority until at least April 5. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-03-17 04:00:00 UTC ]
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Bookstore sales dropped from $1.14 billion in January 2019 to $1.02 billion in 2020, according to preliminary estimates from the U.S. Census Bureau. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-03-17 04:00:00 UTC ]
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As a result of the coronavirus crisis, sales at digital audiobook store Libro.fm and online bookstore Bookshop.org have soared. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-03-16 04:00:00 UTC ]
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Sales of adult trade books fell 2.7% in 2019 compared to 2018, while sales in the children/young adult segment rose 6.8%, according to AAP’s StatShot program. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-03-14 04:00:00 UTC ]
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Scandinavian media group Egmont has reported a "good year" in its latest financial results with a record revenue of €1.7bn in 2019, but has warned 2020 is expected to be a "challenging year" due to the coronavirus outbreak. Continue reading at The Bookseller
[ The Bookseller | 2020-03-13 10:30:18 UTC ]
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Unit sales of print books fell 3.2% in the week ended Mar. 7, 2020, compared to the similar week in 2019, at outlets that report to NPD BookScan. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-03-13 04:00:00 UTC ]
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Nosy Crow has recruited Ruth Tinham to lead a UK field sales team handling independent shops, wholesalers, heritage and gift accounts in-house. Continue reading at The Bookseller
[ The Bookseller | 2020-03-12 07:24:13 UTC ]
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Hilary Mantel’s conclusion to her Thomas Cromwell trilogy sold more than 95,000 copies in three daysHilary Mantel’s much-anticipated The Mirror and the Light has been selling a copy every 2.7 seconds since its release last Thursday, with the final book in the two-time Booker winner’s trilogy... Continue reading at The Guardian
[ The Guardian | 2020-03-10 18:55:55 UTC ]
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Industry sales rose 1.8% in 2019 over 2018 at the 1,361 publishers who report sales to AAP's StatShot program. Sales of adult books fell 2.7% in 2019 compared to 2018, while sales in the children/young adult segment rose 6.8%. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-03-10 04:00:00 UTC ]
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According to the Italian Publishers Association (AIE), Italy's book market fell 25% last week, with those areas worst-hit by the coronavirus—such as Lombardy, Veneto and Emilia—seeing drops of 50% and above. Continue reading at The Bookseller
[ The Bookseller | 2020-03-05 21:19:43 UTC ]
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Hodder Children’s Books will publish second graphic novel by Eoin Colfer, Andrew Donkin and Giovanni Rigano following the success of Illegal. Continue reading at The Bookseller
[ The Bookseller | 2020-03-05 06:17:17 UTC ]
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The publisher of Stephen King, Judy Blume and Hillary Clinton doesn’t fit with the plans of its parent, ViacomCBS, which has placed a big bet on digital video. Continue reading at The New York Times
[ The New York Times | 2020-03-04 20:20:26 UTC ]
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The Bonnier Group has delivered a 35% increase in operating profit in its latest accounts. Continue reading at The Bookseller
[ The Bookseller | 2020-03-04 10:21:24 UTC ]
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For the quarter ended January 31, 2020, John Wiley reported that revenue rose 4% over last year’s third quarter, to $467.1 million, and net income increased 1.4%, to $35.4 million. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-03-04 05:00:00 UTC ]
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Developing story: The States' Macmillan and HarperCollins pull out of London Book Fair over the weekend, along with the Hachette US rights team. The post Coronavirus: LBF Says It’s a Go for Now; US Macmillan, Hachette Sales and HarperCollins Exit appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-03-02 12:52:26 UTC ]
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Hachette UK’s revenue fell 1.4% in 2019, parent company Lagardère has reported in its full-year results, after the publisher struggled to emulate the success of some major 2018 hits, including Michael Wolff’s Fire and Fury. Continue reading at The Bookseller
[ The Bookseller | 2020-02-27 17:07:59 UTC ]
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