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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Showing upticks for both adults and children's/YA book sectors, the news looks good for the first half of 2017–if adjustments don't change things. The post US Industry Sales for Half of 2017: Looking Good, So Far appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2017-10-27 00:00:00 UTC ]
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Gardners Books has seen its annual turnover soar 30% as the wholesaler grows into more of a “global business”. Continue reading at The Bookseller
[ The Bookseller | 2017-10-26 00:00:00 UTC ]
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Campaign group Voices for the Library is to disband due to the pressures of the workload on its members. Continue reading at The Bookseller
[ The Bookseller | 2017-10-24 00:00:00 UTC ]
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Educational Development Corp., which has had explosive sales growth over the last two years, saw sales fall 6.6% in the second quarter ended August 31. Net income, however, tripled. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-10-23 00:00:00 UTC ]
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With three of the four major book segments posting double-digit gains, unit sales of print books were 8% higher in the week ended Oct. 15, 2017, than in the similar week in 2016 at outlets that report to NPD BookScan. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-10-20 00:00:00 UTC ]
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The Orion Publishing Group has hired two new people to join its group marketing team: Tom Noble and Katie Moss. Continue reading at The Bookseller
[ The Bookseller | 2017-10-20 00:00:00 UTC ]
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Pearson is expecting its full-year operating profit to come in at the top half of its forecast range, it revealed while giving its third quarter trading update. Continue reading at The Bookseller
[ The Bookseller | 2017-10-18 00:00:00 UTC ]
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Pearson attributed the small sales decline to what are now familiar trends--stable sales of print and audio offset by modest declines in ebook sales. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-10-17 00:00:00 UTC ]
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German bookstore chain Thalia reported preliminary figures in line with expectation for fiscal 2017. Continue reading at The Bookseller
[ The Bookseller | 2017-10-17 00:00:00 UTC ]
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The Hachette Book Group is terminating its Weinstein Books imprint in the US following the accusations of sexual assault against Hollywood producer Harvey Weinstein. Continue reading at The Bookseller
[ The Bookseller | 2017-10-14 00:00:00 UTC ]
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U.S. manga sales continue to grow thanks to the popularity of such series as Pokeman, Legend of Zelda, Fairy Tail, My Hero Academia and others. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-10-13 00:00:00 UTC ]
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Bookstore sales in August were $1.39 billion, down from $1.56 billion a year ago, marking a 10.9% decline. Sales for the first eight months of the year were down 2.5%. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-10-13 00:00:00 UTC ]
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Legacy publishers have to balance the needs to sell based on ad category and still represent their titles' individuality. The post Magazine publishers shift to digital-oriented sales organizations appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2017-10-13 00:00:00 UTC ]
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Transworld has revealed that the "extraordinary" first week sales of Origin by Dan Brown include more than 14,000 audio downloads. Continue reading at The Bookseller
[ The Bookseller | 2017-10-12 00:00:00 UTC ]
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Dan Conway is set to join the Publishers Association as head of public affairs and Ruth Howells has been appointed as its head of communications in two newly-created roles. Continue reading at The Bookseller
[ The Bookseller | 2017-10-07 00:00:00 UTC ]
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Publisher to pay damages to Ian Hurst after admitting ‘vicarious liability’ as Labour calls for case to be taken into account in assessing Murdoch bid to buy SkyRupert Murdoch’s News Group Newspapers, the publisher of the Sun and the now-closed News of the World, has apologised in court and... Continue reading at The Guardian
[ The Guardian | 2017-10-06 00:00:00 UTC ]
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Pearson has completed the sale of a 22% stake in Penguin Random House (PRH) to its co-shareholder Bertelsmann. Continue reading at The Bookseller
[ The Bookseller | 2017-10-06 00:00:00 UTC ]
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Audible and Kobo have launched audiobook platforms in Canada—and publishers are getting into the game, too. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-10-06 00:00:00 UTC ]
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Webcrafters, one of the country's oldest printers, is to be acquired by the CJK Group, the holding company for a host of printing companies. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-10-02 00:00:00 UTC ]
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