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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Revenue in the first half of 2018 rose 1.4% over the comparable period in 2017 at the Hachette Book Group, parent company Lagardère reported, and profits rose by an unspecified amount. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-07-26 00:00:00 UTC ]
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American publishers’ total industry sales dipped slightly in 2017, but audio downloads continued to boom, rising by 28.8% year-on-year. Continue reading at The Bookseller
[ The Bookseller | 2018-07-25 00:00:00 UTC ]
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Overall ticket sales for this year’s Young Adult Literature Convention (YALC) are up 11% compared to last year, according to the organisers. Continue reading at The Bookseller
[ The Bookseller | 2018-07-25 00:00:00 UTC ]
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The Economist Group is nearing a deal to sell CQ Roll Call to SaaS firm FiscalNote in exchange for an 18 percent stake in the company, according to an announcement released Wednesday. Expected to be finalized later this year, the proposed deal would see the London-based publisher become the... Continue reading at Folio Magazine
[ Folio Magazine | 2018-07-25 00:00:00 UTC ]
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The Schottenfeld Management Corp. has acquired over 4.1 million shares of Barnes & Noble and says in a filing that it has already talked to the retailer about actions it can take to improve shareholder value. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-07-24 00:00:00 UTC ]
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Inside the DC Universe Experience at Comic-Con International in San Diego. DC Entertainment used the interactive experience to promote its upcoming streaming service. Continue reading at The New York Times
[ The New York Times | 2018-07-23 00:00:00 UTC ]
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Ireland’s Nielsen-measured market has enjoyed strong, UK-beating growth this year to date, with a grass-roots author campaign propelling the late Emma Hannigan to the top of the bestseller lists. Continue reading at The Bookseller
[ The Bookseller | 2018-07-23 00:00:00 UTC ]
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With print-unit sales falling in all four major categories, total sales in the week ended July 15, 2018, were down 5% compared to the similar week in 2017, at outlets that report to NPD BookScan. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-07-20 00:00:00 UTC ]
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Total revenues at Bloomsbury were up 3.7% year-on-year for the four months ending 30th June 2018 following a "particularly strong result" from the adult consumer division. Continue reading at The Bookseller
[ The Bookseller | 2018-07-19 00:00:00 UTC ]
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Blockbuster sales of 'Harry Potter and the Cursed Child' helped drive revenue to $1.74 billion in fiscal 2017, but without a comparable hit, sales fell 6% in the fiscal year ended May 31, 2018. Operating income dropped 38%. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-07-19 00:00:00 UTC ]
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Calls for writers to reap rewards as British publishers enjoy record-breaking yearA record-breaking year for publishers has been greeted with renewed demands for authors to receive a bigger slice of income and investment, as sales of books passed the £5.7bn mark in 2017.Book sales income was up... Continue reading at The Guardian
[ The Guardian | 2018-07-19 00:00:00 UTC ]
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The Russian ebook distributor LitRes reports 45-percent growth year-over-year in ebook sales for the first half of this year. And Storytel, which ended its first year in May in the market, cites digital access over vast distances as a driver. The post Russia’s Growing Ebook and Audiobook Sales... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-07-18 00:00:00 UTC ]
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Now that data-marketing giant Acxiom has sold its marketing solutions platform to Interpublic for $2.3 billion, eyes are turning to Axciom's other big business: LiveRamp, which helps brands link their data with real people. While observers wonder whether LiveRamp will also go on the block, the... Continue reading at Advertising Age
[ Advertising Age | 2018-07-17 00:00:00 UTC ]
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Bookstore sales rose from $741 million last May to $745 million in May 2018, according to preliminary estimates released by the U.S. Census Bureau, an increase of 0.5%. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-07-16 00:00:00 UTC ]
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HarperCollins is the first publisher to rush out a book celebrating England’s “Young Lions”, announced hours after the team crashed out of the Fifa World Cup following a heart-breaking defeat to Croatia in extra time. Continue reading at The Bookseller
[ The Bookseller | 2018-07-13 00:00:00 UTC ]
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The American Library Assn. is under fire for a new policy that will allow hate groups to meet in their facilities. Technically, the library group adopted an interpretation revision to its Library Bill of Rights that states that libraries should allow hate groups to use their facilities for... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-07-11 00:00:00 UTC ]
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Healthcare industry publisher HMP has reached an agreement to acquire the Institute for the Advancement of Behavioral Healthcare (IABHC), including a pair of trade magazines and a suite of annual events, from Vendome Group for an undisclosed sum, the Malvern, Pa.-based company announced... Continue reading at Folio Magazine
[ Folio Magazine | 2018-07-10 00:00:00 UTC ]
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DK's UK and group sales director Ed Christie has decided to leave the publishing industry and move into the teaching profession, with Bloomsbury's Jacqueline Sells appointed his successor. Continue reading at The Bookseller
[ The Bookseller | 2018-07-10 00:00:00 UTC ]
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With unit sales of print books rising 4% in the adult nonfiction segment—the industry’s largest major category—total unit sales for the first half of 2018 increased 2% over the comparable period in 2017 at outlets that report to NPD BookScan. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-07-06 00:00:00 UTC ]
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