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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Top thriller writer opts to publish solely in spoken-word format as demand risesWriters are turning to the spoken word as their preferred medium, encouraged by a boom in audiobook sales that is transforming publishing.This weekend, audio publisher Audible, owned by Amazon, released an audiobook... Continue reading at The Guardian
[ The Guardian | 2018-06-09 00:00:00 UTC ]
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The latest book market statistics from Germany show that flat book sales are being generated by fewer overall book buyers. The Börsenverein calls for a focus on potential readers. The post German Book Market in 2017: Stable Sales But in Need of More Book Buyers appeared first on Publishing... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-06-08 00:00:00 UTC ]
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Unit sales of print books fell 2% in the week ended June 3, 2018, compared to the similar week in 2017, at outlets that report to NDP BookScan. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-06-08 00:00:00 UTC ]
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MPA's monthly cross-platform audience reports can now be integrated into publisher profiles for access by media buyers on AAM's platform. The post AAM, MPA Team Up to Help Facilitate Cross-Platform Ad Sales appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2018-06-08 00:00:00 UTC ]
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Sales in W H Smith's travel business rose by 8% in the last quarter, although High Street revenue dipped marginally. Continue reading at The Bookseller
[ The Bookseller | 2018-06-07 00:00:00 UTC ]
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Declines in both adult and juvenile fiction offset gains in nonfiction, resulting in a 1% decline in print unit sales in the week ended May 27, 2018, compared to the similar week in 2017 at outlets that report to NPD BookScan. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-06-01 00:00:00 UTC ]
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The Publishers Association has recommended that the government makes funding for textbooks a priority. Continue reading at The Bookseller
[ The Bookseller | 2018-06-01 00:00:00 UTC ]
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Revenue at Indigo Books & Music rose 5.8% and net earnings increased by a slightly lesser amount, 4.3%, in the fiscal year ended March 31, 2018. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-05-29 00:00:00 UTC ]
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In our annual pre-summer roundup, booksellers discuss upcoming trends, predictions for the season, and books they've got their eyes on. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-05-25 00:00:00 UTC ]
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A second consecutive week of soft adult fiction sales led to a 1% decline in total unit sales of print books in the week ended May 20, 2018 compared to the similar week in 2017 at outlets that report to NPD BookScan. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-05-25 00:00:00 UTC ]
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Amazon’s Kindles are among the best ways to read without lugging around physical copies of all your favorite books and magazines, and if you’re looking to try one for yourself, today's your lucky day—our favorite e-reader, the Kindle Paperwhite, is on sale now for $90, its lowest price since... Continue reading at PC World
[ PC World | 2018-05-23 00:00:00 UTC ]
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Bestselling author James Patterson is re-upping his commitment to indie booksellers, pledging a significant personal contribution so that individual booksellers can enjoy holiday bonuses. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-05-16 00:00:00 UTC ]
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Bookstore sales rose 3.5% in March over March 2017. Despite the March gain, bookstore sales were still down 2.8% in the first quarter of 2018 compared to the first period of 2017. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-05-15 00:00:00 UTC ]
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HarperCollins' global sales and earnings rose in the third quarter, with revenue for the period up 6% to $398m and EBITDA up 16% to $43m. Continue reading at The Bookseller
[ The Bookseller | 2018-05-12 00:00:00 UTC ]
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Strong backlist and digital audio sales led to a 6% increase in revenue in the quarter ended March 30, 2018 over the comparable period a year ago at HarperCollins and earnings rose 16%. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-05-10 00:00:00 UTC ]
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Lonely Planet c.e.o. Daniel Houghton has left the travel publisher and parent company NC2 is reportedly pursuing a sale of the business. Continue reading at The Bookseller
[ The Bookseller | 2018-05-10 00:00:00 UTC ]
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HMH attributed the sales rise in the first quarter of 2018 in part to higher print titles sales, but a change in the product mix of sales—last year HMH sold lots of 'The Handmaid's Tale' and '1984' ebooks—contributed to a slight rise in the quarterly net loss. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-05-07 00:00:00 UTC ]
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At the annual general meeting of Hachette’s parent company Lagardère, shareholders refused to appoint the candidates proposed by activist hedge fund Amber Capital and instead re-appointed Xavier de Sarrau as chairman of its supervisory board. Continue reading at The Bookseller
[ The Bookseller | 2018-05-05 00:00:00 UTC ]
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Pearson has reported it is "on track" to return to underlying profit growth in 2018 after its revenue rose 1% in the first quarter. Continue reading at The Bookseller
[ The Bookseller | 2018-05-05 00:00:00 UTC ]
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Unit sales of print books rose 1% in the week ended Apr. 29, 2018 over the comparable week in 2017 at outlets that report to NPD BookScan. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-05-04 00:00:00 UTC ]
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