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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Publishers are figuring out what Facebook groups are useful for: shaping editorial strategy, generating leads, audience research and more. The post Publishers are finding (modest) success with Facebook groups appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2018-05-03 00:00:00 UTC ]
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Announcing its policy change less than a month before GDPR goes into effect, Google has left publishers scrambling to make sense of its new rules. The post Four Publishing Trade Groups Criticize Google’s Ad Policy Change in Letter to CEO appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2018-05-01 00:00:00 UTC ]
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The Times and The Sunday Times Cheltenham Literature Festival has recruited a new advisory group made up of editors, agents and journalists to "help ensure the festival remains at the forefront of the UK’s literary festival scene". Continue reading at The Bookseller
[ The Bookseller | 2018-05-01 00:00:00 UTC ]
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More than 500 bookstores participated in this year's Independent Bookstore Day, which took place across the U.S. this past Saturday, April 28. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-04-30 00:00:00 UTC ]
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Four trade groups representing publishers such as Axel Springer, Bloomberg, Conde Nast, Hearst and the Guardian released a letter Monday addressed to Google CEO Sundar Pichai that sharply criticizes the company's approach to publishers as strict new privacy rules loom in Europe.The trade... Continue reading at Advertising Age
[ Advertising Age | 2018-04-30 00:00:00 UTC ]
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Amazon has reported a 43% rise in sales to $51bn (£36.9bn) for the first three months of 2018. Continue reading at The Bookseller
[ The Bookseller | 2018-04-28 00:00:00 UTC ]
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The Publishers Association's new president, HarperCollins' c.e.o. Charlie Redmayne, has criticised Amazon as "a powerful engine for copyright infringement". Continue reading at The Bookseller
[ The Bookseller | 2018-04-27 00:00:00 UTC ]
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Boosted by sales of more than 358,000 copies of 'A Higher Loyalty' by James Comey, print unit sales rose 7% in the week ended Apr. 22, 2018 over the comparable week in 2017 at outlets that report to NPD BookScan. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-04-27 00:00:00 UTC ]
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Publishers, authors and agents have welcomed Waterstones’ change of ownership this morning and expressed relief at the news James Daunt is staying on to lead the company. Continue reading at The Bookseller
[ The Bookseller | 2018-04-27 00:00:00 UTC ]
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The National Coalition Against Censorship has joined more than 30 other prominent arts organizations in a friend of the court brief urging the Supreme Court to strike down the third version of the Trump travel ban issued in September 2017. The case is going before the court today. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-04-25 00:00:00 UTC ]
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Unit sales of traditionally published ebooks fell 10% in 2017, compared to 2016, according to figures released by PubTrack Digital, part of the NPD book group. The service tracks sales from roughly 450 publishers. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-04-25 00:00:00 UTC ]
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James Comey’s new tell-all book, A Higher Loyalty: Truth, Lies, and Leadership, has had quite a good week. The former FBI director has been on a media blitz, and the title has sold more than 600,000 copies across all formats, according to the New York Times. This is quite a success. To put it... Continue reading at Fast Company
[ Fast Company | 2018-04-24 00:00:00 UTC ]
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The Dodgers slumbered through half the game, awakening with a bolt of energy that revitalized the fans and players within the grand old ballpark. The Dodgers were three outs from winning a three-game series in which two of the opposing starters were Max Scherzer and Stephen Strasburg. They were... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-04-23 00:00:00 UTC ]
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Unit sales of print books in the week ended April 15, 2018, tumbled 15% compared to the similar week in 2017 at outlets that report to NPD BookScan. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-04-20 00:00:00 UTC ]
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Bookstore sales ended a six-month losing streak in February, as sales rose 2.3% over February 2017. Sales for the first two months of 2018, though, were still down 8.6% from the comparable period in 2017. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-04-16 00:00:00 UTC ]
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W H Smith’s book sales fell 7% in the first six months of its financial year, but the retailer said it has seen some “encouraging results” for its new high street book offer for customers. Continue reading at The Bookseller
[ The Bookseller | 2018-04-13 00:00:00 UTC ]
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Unit sales of print books in the week ended Apr. 8, 2018, were 8% lower than in the similar week in 2017 at outlets that report to NPD BookScan. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-04-13 00:00:00 UTC ]
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In a joint venture with Mignon Fogarty, better known to her fans as Grammar Girl, Macmillan is producing the QDT podcast network, as well as a series of Quick and Dirty Tips books by Fogarty. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-04-13 00:00:00 UTC ]
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Despite a disappointing 2017, comics retailers attending the annual Diamond Retailers Summit in Chicago were optimistic about 2018, and expect new retail services and forthcoming titles to drive sales in the second half of the year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-04-12 00:00:00 UTC ]
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Justin Adams, managing director of Connect Books (now Bertrams Group, following its purchase by investment company Aurelius in February), is to leave the company. Continue reading at The Bookseller
[ The Bookseller | 2018-04-12 00:00:00 UTC ]
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