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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Within the U.S., HBG CEO Michael Pietsch credited a 6.3% growth in the fourth quarter with helping the company to "another solid year of revenue growth." Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-02-07 00:00:00 UTC ]
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Pavilion Books will team up with Rizzoli New York on a publishing distribution and sales partnership from July. Continue reading at The Bookseller
[ The Bookseller | 2019-02-06 00:00:00 UTC ]
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Hachette UK has announced a new structure for its international sales team, with three members being promoted to director roles. Continue reading at The Bookseller
[ The Bookseller | 2019-02-06 00:00:00 UTC ]
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The newspaper publisher’s board said the $1.3 billion offer “is not in the best interests of Gannett and its shareholders.” But the fight for control is likely to go on. Continue reading at The New York Times
[ The New York Times | 2019-02-05 00:00:00 UTC ]
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Overall book sales in the Czech Republic are up as the number of new titles published declines slightly. Industry consolidation and a focus on high-performing books may be the cause. The post Czech Book Sales Rise Amid Ongoing Industry Consolidation appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-02-05 00:00:00 UTC ]
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Amazon's 2018 sales increased 31% to $232.9bn as the online giant revealed a record $72bn revenue for the fourth quarter, in its latest financial results. Continue reading at The Bookseller
[ The Bookseller | 2019-02-02 00:00:00 UTC ]
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The giant company's sales increased 31% in 2018 over 2017, and its operating income tripled to $12.4 billion. Among the many reasons cited for the big 2018 financial gains was the performance of Amazon’s third-party sellers. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-02-01 00:00:00 UTC ]
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Corporate sponsorship needs to steer clear of impinging on artistic freedomsNews that investment managers the Man Group is withdrawing its sponsorship from the Booker prize after 18 years has shocked the literary world. The hedge fund’s decision to move on was linked in the press to novelist... Continue reading at The Guardian
[ The Guardian | 2019-02-01 00:00:00 UTC ]
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Sales of print units are off to a slow start in 2019, falling 8.6% in the week ended Jan. 26, 2019, compared to the similar week in 2018, at outlets that report to NPD BookScan. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-02-01 00:00:00 UTC ]
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BuzzFeed, Group Nine Media and Vice are teaming up to try to solve the nagging puzzle of measurement in digital media.The three digital publishers are working with Tubular Labs, a social analytics firm, to create new standards for measuring digital media on Facebook, YouTube and other sites.... Continue reading at Advertising Age
[ Advertising Age | 2019-01-30 00:00:00 UTC ]
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Man Group, which has sponsored the Booker Prize since 2002 - as well as sponsoring its International Prize from its beginning in 2005 - is to end its association with the prizes at the end of 2019. The Booker Prize Foundation said its trustees were "in discussion with a new sponsor and are... Continue reading at The Bookseller
[ The Bookseller | 2019-01-28 00:00:00 UTC ]
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The Booker Prize Foundation said yesterday that it was "confident" of finding a new sponsor following the decision of the hedge fund company the Man Group to end its association with the Booker Prize and the Booker International Prize. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-01-28 00:00:00 UTC ]
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Hedge fund firm says it plans to focus its resources instead on its diversity campaignThe Man Booker prize is searching for a new sponsor after the hedge fund company Man Group announced it was ending its 18-year relationship with Britain’s most prestigious literary award.The Booker Prize... Continue reading at The Guardian
[ The Guardian | 2019-01-27 00:00:00 UTC ]
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Award-winning author David Diop is the client of a new one-woman literary agency in France. Looking at her rights sales, you can understand the agency's name: So Far So Good. The post Rights Sales for the Winner of the Prix Goncourt des Lycéens: ‘So Good’ appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-01-25 00:00:00 UTC ]
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Tony Ross has yet again topped The Bookseller’s chart of the bestselling children’s illustrators, with his books earning almost twice the total of his closest rival, Axel Scheffler, in 2018. Continue reading at The Bookseller
[ The Bookseller | 2019-01-23 00:00:00 UTC ]
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ABA executive director Oren Teicher said sales at independent bookstores rose 5% in 2018 over 2017, helped by the addition of 95 new stores. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-01-17 00:00:00 UTC ]
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Andrew Sauerwine is stepping down from his role as UK sales director of Kings Road Publishing "to seek new opportunities". Continue reading at The Bookseller
[ The Bookseller | 2019-01-17 00:00:00 UTC ]
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According to the Association of American Publishers’ StatShot program, sales from 1,374 reporting publishers were up 0.3% through November over the comparable period in 2017. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-01-15 00:00:00 UTC ]
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The value of print books sold in Canada totaled C$1.13 billion ($850 million) in 2018, with 54.7 million units sold, according to data released by BookNet Canada and BNC SalesData, the national sales tracking service. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-01-15 00:00:00 UTC ]
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Walker Books Group will publish a new novel by Kate DiCamillo in the UK, the US and Australia. Continue reading at The Bookseller
[ The Bookseller | 2019-01-15 00:00:00 UTC ]
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