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 ]
News tagged with:
#5% stake
#50% stake
The multimedia medical communications company has expanded to address customer data. The post Frontline Medical Communications Expands Digital Publishing and Sales Team appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2017-09-14 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#sales team
Nancy Gibbs steps down from Time Magazine, Garage taps a new editor-in-chief, and more... The post Dan Bigman, Veteran Business Editor, Joins Chief Executive Group | People On the Move appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2017-09-13 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#move appeared
#time magazine
Downloaded audio revenues in the US rose 29% in the first four months of this year by comparison to the same period in 2016, with April in particular surging to a 34% year-on-year rise, according to the latest figures from the Association of American Publishers. Continue reading at The Bookseller
[ The Bookseller | 2017-09-12 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#american publishers
#audio sales
#latest figures
Due to declining ebook sales and a major drop-off in mass market, sales of adult books and children's books were down in April. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-09-11 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#trade sales
#adult books
#mass market
At outlets that report to NPD BookScan, unit sales of print books were 1% lower in the week ended Sept. 3, 2017, than in the comparable week in 2016. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-09-08 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#1% compared
#print books
China’s printed book sales in the first half of 2017 have showed revenue growth year on year of “above 10%”, according to book-sales data company OpenBook, which released the figure at the Beijing International Book Fair. Continue reading at The Bookseller
[ The Bookseller | 2017-09-08 00:00:00 UTC ]
More news stories like this |
Sales were strong across much of the country this past summer, and the attitude going into the fall is positive, according to a survey of more than 15 independent bookstores. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-09-08 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#past summer
Canelo has appointed Francesca Riccardi to the newly-created role of head of sales. Continue reading at The Bookseller
[ The Bookseller | 2017-09-07 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#newly-created role
In reporting its first quarter results of the 2018 fiscal year, Barnes & Noble announced sales of $853.3 million, down from $913.9 million in the same period a year ago. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-09-07 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#quarter results
'Always just a bit sexier and more exciting,' Macmillan's rights-powerhouse Pan Books observe a 70th anniversary with new Golden Pan honors. The post Pan Books at 70: Celebrating Authors, Their Sales and International Rights Success appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2017-09-06 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#70th anniversary
With sales down in three of the four major publishing segments, unit sales of print books at outlets that report to NPD BookScan were 2% lower in the week ended Aug. 27, 2017, than in the similar week in 2016. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-09-01 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#print books
#2% lower
"This acquisition provides a significant opportunity for us to expand both communities." The post Chief Executive Group Acquires Corporate Board Member Magazine appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2017-09-01 00:00:00 UTC ]
More news stories like this |
Strong print and audio sales at Penguin Random House countered soft ebook sales to increase revenue 1.1% in the first half of the year. Earnings at the publisher rose 11.4%. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-08-31 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#audio sales
The February 2017 acquisition of MBS was the major driver of a 48.7% jump in sales at Barnes & Noble Education in the quarter ended July 29. The net loss in the period, however, was $34.8 million, up from $27.9 million in fiscal 2017. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-08-30 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#net loss
James Smith has been appointed as the c.e.o. of global publishing and distribution company Images/ACC Publishing Group. Continue reading at The Bookseller
[ The Bookseller | 2017-08-30 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#global publishing
A novel called Handbook for Mortals had a very brief reign at the top of a New York Times best-seller list. The paper confirmed Friday that it had pulled Lani Sarem's book from its young adult hardcover list for September 3 because of "inconsistencies" in the reporting of sales. The... Continue reading at Stuff
[ Stuff | 2017-08-28 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#bulk sales
#best-seller list
Lani Sarem’s Handbook for Mortals was taken off the No 1 spot after fellow YA authors, sceptical of ‘a book that no one has heard of’, uncovered a pattern of strategic preordersA young adult novel has been removed from the No 1 position on the New York Times bestseller lists, after detective... Continue reading at The Guardian
[ The Guardian | 2017-08-25 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#las vegas
#angie thomas
#debut novelist
#police violence
Gallimard was founded in 1911 by Gaston Gallimard, the grandfather of today’s president and CEO Antoine Gallimard, as Les Editions de la Nouvelle Revue Française (NRF). Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-08-25 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#gaston gallimard
#groupe madrigall
The Klett Group is Germany’s leading private provider of educational and continued education services. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-08-25 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#klett group
At outlets that report to NPD BookScan, unit sales of print books were 0.2% lower in the week ended Aug. 20, 2017, than in the similar week in 2016 Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-08-25 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#consecutive week
#print books
#2% lower