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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The late year swoon in bookstore sales continued into November with sales down 6.4% from November 2016. November was the fourth consecutive month bookstore sales fell compared to the same month in 2016. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-01-12 00:00:00 UTC ]
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Foyles’ sales were marginally up in value terms in December, despite the mini-chain being hit by a drop in footfall, which it said was a result of adverse weather and roadworks outside its flagship branch on Charing Cross Road in London. Continue reading at The Bookseller
[ The Bookseller | 2018-01-12 00:00:00 UTC ]
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Indie bookshops are kicking off 2018 with confidence after the majority reported sales rises over the Christmas period, but some some have urged publishers to take more risks and work harder to build authors into brands this year. Continue reading at The Bookseller
[ The Bookseller | 2018-01-12 00:00:00 UTC ]
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Reports from around the country indicate a healthy season for children’s booksellers in particular, consistently citing sales hikes of 10% or more over the previous year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-01-11 00:00:00 UTC ]
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A Canadian university professor's book is back on the best-seller list after a decade, thanks to tell-all Fire and Fury: Inside the Trump White House. Continue reading at Stuff
[ Stuff | 2018-01-10 00:00:00 UTC ]
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Publishers may be pulling away from Facebook in favor of keeping readers on their own sites, but they’re finding favor in Facebook Groups. The post ‘We’re marching in the same direction’: Facebook is emphasizing Groups, and publishers are following suit appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2018-01-10 00:00:00 UTC ]
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Free speech groups have praised Little, Brown’s decision to release Michael Wolff’s tell-all book on Donald Trump’s presidency despite the UK’s strict libel laws and legal threats from the president. Continue reading at The Bookseller
[ The Bookseller | 2018-01-06 00:00:00 UTC ]
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Sainsbury’s and Blackwell’s have reported positive book sales over the Christmas period, with Pete Selby, head of books at the supermarket, saying that gift purchases are now "shifting" from other entertainment to books. Continue reading at The Bookseller
[ The Bookseller | 2018-01-05 00:00:00 UTC ]
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Although no new book sold more than one million print copies last year,, unit sales of print books were still 10.8% higher last year than in 2013. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-01-05 00:00:00 UTC ]
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Sales for the nine-week holiday period ended December 30, 2017, fell 6.4% compared to the 2016 holiday season at the retailer. With the weaker than expected sales performance, B&N lowered its financial forecast for the fiscal year ending in April. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-01-05 00:00:00 UTC ]
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The last time the Supreme Court took a hard look at how to impose sales taxes on home shopping, it was the era of mail-order catalogs — “before Amazon was even selling books out of Jeff Bezos’ garage,” lawyers recently told the justices. In 1992, the high court upheld a constitutional rule that... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-01-05 00:00:00 UTC ]
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Unit sales of print books rose 1.9% in 2017 at outlets that report to NDP BookScan. Units sold hit 687.2 million, up from 674.1 million in 2016. Since 2013, print unit sales are up 10.8%. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-01-04 00:00:00 UTC ]
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The 2017 year-end holiday season book sales patterns reported in both major English-language markets looked good at the end, but getting there wasn't a lot of fun. And what lies ahead may be rougher for bookstores. The post Trends in UK, US Holiday Book Sales: Late Buys and E-Commerce appeared... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-01-03 00:00:00 UTC ]
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Led by solid gains through the retail and club channel, unit sales of print books rose 7% this Christmas week over last year. 'The Getaway' remained the season's most popular book, while Rupi Kaur sold a combined 136,000 copies of her two books in the week. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-12-28 00:00:00 UTC ]
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If you've been putting off renting a film, buying an app, or downloading an ebook, you'll be glad to hear that it's sale time on the Google Play Store (again). That means all movie rentals now cost a buck, and the same goes for three episodes from TV... Continue reading at Engadget
[ Engadget | 2017-12-22 00:00:00 UTC ]
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James Shaw, the Edinburgh International Book Festival's long-serving head of book sales and retail, is stepping down in October 2018. Continue reading at The Bookseller
[ The Bookseller | 2017-12-22 00:00:00 UTC ]
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Illustrated publisher Thames & Hudson saw a 7.4% revenue increase in the 12 months ending 31st December 2016, although post-tax profits were down by almost 30% in the same time. Continue reading at The Bookseller
[ The Bookseller | 2017-12-22 00:00:00 UTC ]
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US publishers' trade book sales were flat for the first seven months of 2017, according to statistics released by the Association of the American Publishers (AAP). Continue reading at The Bookseller
[ The Bookseller | 2017-12-22 00:00:00 UTC ]
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Footfall into bookshops is down year-on-year in December, retailers have reported, but traders are holding their nerve, hopeful for a rush of sales in the last week to go before Christmas. Continue reading at The Bookseller
[ The Bookseller | 2017-12-20 00:00:00 UTC ]
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Sales of adult books slipped 0.3% in August in 2017 compared to a year ago, while sales in the children’s/young adult segment rose 2.9% in the month. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-12-20 00:00:00 UTC ]
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