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
Total revenue at Educational Development Corp. dropped 8% in the first quarter of fiscal 2020, to $27.6 million, from the comparable period a year ago. Earnings, meanwhile, fell from $1.8 million a year ago to $1.3 million. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-07-24 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#quarter decline
#total revenue
Sales in the religion category increased 14.7% in 2018, to $1.22 billion, according to figures released by the AAP. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-07-24 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#religion presses
#figures released
Bryan Goldberg is making additional moves in digital media. Goldberg's Bustle Digital Group has acquired Inverse, a tech- and science-focused website, the company said today. Financial details of the agreement were not disclosed. The acquisition represents yet another for Goldberg and BDG, which... Continue reading at AdWeek
[ AdWeek | 2019-07-23 17:51:26 UTC ]
More news stories like this | News stories tagged with:
#bryan goldberg
#financial details
#digital media
Shareholders have filed two lawsuits against Barnes & Noble in a legal row over the sale as the book retailer insists the complaints "lack merit". Continue reading at The Bookseller
[ The Bookseller | 2019-07-23 16:58:40 UTC ]
More news stories like this | News stories tagged with:
#barnes noble
#book retailer
Hachette has paid tribute to its “incredibly charming and generous” international sales executive Melvyn Munyua, who has died in a drowning accident. Continue reading at The Bookseller
[ The Bookseller | 2019-07-23 07:22:33 UTC ]
More news stories like this | News stories tagged with:
#tributes paid
#paid tribute
#hachette
Seeing its audiobook unit sales double year-over-year, Russia's digital retailer now has a new presence in the Polish market. The post Russian Ebook and Audiobook Player LitRes Opens Sales in Poland appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-07-23 05:30:01 UTC ]
More news stories like this | News stories tagged with:
#audiobook
The U.K.'s Booksellers Association is working with the ABA and the Australian Bookseller Association to develop a manifesto detailing environmentally friendly practices for the book business. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-07-23 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#book business
#booksellers association
Welbeck Publishing Group has announced net sales were up for 2018 by 29% at Mortimer Books, the company it acquired when it took on Carlton this year. Continue reading at The Bookseller
[ The Bookseller | 2019-07-22 18:46:43 UTC ]
More news stories like this |
Penguin Random House US has finalised the deal to buy the US book-publishing assets of F+W Books. Continue reading at The Bookseller
[ The Bookseller | 2019-07-21 22:23:56 UTC ]
More news stories like this | News stories tagged with:
#penguin random house
ComicHub, a point of sale software platform that collects sales data from comics shops, has reached an agreement to supply POS data on graphic novel and comics sales to NPD BookScan. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-07-19 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#sales data
#comics shops
#comics sales
#graphic novel
The publisher will now be organized around the Harlequin Trade Publishing Group, headed by Loriana Sacilotto, and the Harlequin Brand Group, led by Brent Lewis. Angela James and Joanne Grant will leave Harlequin on July 19. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-07-18 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#trade publishing
Print sales in America have reportedly dropped by 1.9% in the first half of 2019, with children's non-fiction the only major category to show uplift. Continue reading at The Bookseller
[ The Bookseller | 2019-07-17 15:07:25 UTC ]
More news stories like this | News stories tagged with:
#print sales
SPCK has been accused of "cashing in" on the success of Reni Eddo-Lodge by launching a book with a similar title and cover to Why I’m No Longer Talking to White People About Race (Bloomsbury). Continue reading at The Bookseller
[ The Bookseller | 2019-07-17 14:41:13 UTC ]
More news stories like this | News stories tagged with:
#reni eddo-lodge
#longer talking
#white people
#race bloomsbury
#book cover
Publishers’ sales of audiobooks rose 24.5% in 2018 over 2019, reaching $940 million, according to the recent sales survey sponsored by the Audio Publishers Association. Digital audio accounted for 91% of sales. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-07-17 04:00:00 UTC ]
More news stories like this |
Independent press Urbane Publishers has pulled "experienced criminal profiler” Paul Harrison’s true crime book from sale, after his claims to have interviewed serial killers such as Ted Bundy and Peter Sutcliffe were questioned. Continue reading at The Bookseller
[ The Bookseller | 2019-07-17 01:41:26 UTC ]
More news stories like this | News stories tagged with:
#peter sutcliffe
The new annual sales survey from the APA shows audiobooks holding its market lead for growth in formats, with listening in cars on the upswing in 2018. The post Audio Publishers Association Survey: Nearly $1 Billion in 2018 Sales appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-07-16 17:07:26 UTC ]
More news stories like this | News stories tagged with:
#$1 billion
#publishers association
Bookstore sales fell 0.6% in May compared to May 2018, according to preliminary estimates released by the U.S. Census Bureau. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-07-16 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#census bureau
#bookstore sales
Hearst announced today that Clarice Touhey has been named president of the Texas Community Group for Hearst Newspapers. She succeeds Continue reading at Editor & Publisher
[ Editor & Publisher | 2019-07-15 23:38:52 UTC ]
More news stories like this | News stories tagged with:
#hearst newspapers
#named president
#hearst
Sales of adult trade books fell 4.4% in April. Despite the decline, adult trade sales were up 0.5% over the first four months of 2018. In the children/young adult category, April sales increased 6.7% and were up 9.1% over the first four months of 2018. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-07-15 04:00:00 UTC ]
More news stories like this |
B&N issued a final tender offer to its shareholders for an acquisition bid from Elliott Capital Advisors in documents filed with the SEC that also offered a detailed look at the acquisition process. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-07-10 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#documents filed
#acquisition process