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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While fewer titles are selling in other genres, reading that offers a path to spiritual growth has risen 13% in 2017The UK’s “mindfulness mega-trend” shows no sign of running out of breath, with sales of “mind, body, spirit” books booming, against a background of slowing sales elsewhere on the... Continue reading at The Guardian
[ The Guardian | 2017-07-31 00:00:00 UTC ]
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The Society of Authors chief executive Nicola Solomon has called on publishers to adhere to a seven-step plan to ensure that special sales or “ultra-high” discounted sales do not damage authors’ overall earnings or the market for full-price sales. Continue reading at The Bookseller
[ The Bookseller | 2017-07-28 00:00:00 UTC ]
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In an open letter, chief executive of the Society of Authors Nicola Solomon urges publishers to adhere to a seven-step plan to ensure that special sales do not damage authors’ earnings or lead to a cannibalisation of full-price editions. Continue reading at The Bookseller
[ The Bookseller | 2017-07-28 00:00:00 UTC ]
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A strong performance by its Nashville-based imprints FaithWords and Center Street helped lift sales 5% at Hachette Book Group in the first half of 2017 over the comparable period in 2016. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-07-27 00:00:00 UTC ]
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The Taylor & Francis Group saw sales rise 11.3% year-on-year to £238.9m in the six months to 30th June 2017, although underlying growth was put at just 1.2%, suggesting the publisher saw a boost from foreign exchange and the weakened pound. Continue reading at The Bookseller
[ The Bookseller | 2017-07-26 00:00:00 UTC ]
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Emma House has been promoted to deputy chief executive of the Publishers Association as the trade body continues its reshuffle following the departure of its director of policy and communications Susie Winter. Continue reading at The Bookseller
[ The Bookseller | 2017-07-25 00:00:00 UTC ]
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Connect Books saw a 12% year-on-year rise for the 45-week period to 15th July 2017, with strong sales in UK and Wordery offsetting weaker sales in libraries. Continue reading at The Bookseller
[ The Bookseller | 2017-07-25 00:00:00 UTC ]
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David Walliams has topped the chart of the bestselling authors for the first half of 2017. Continue reading at The Bookseller
[ The Bookseller | 2017-07-24 00:00:00 UTC ]
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The former Conde Nast publisher sees an opportunity to capitalize on disruption taking place in sports media. The post Bleacher Report poaches Conde Nast’s Howard Mittman to lead sales appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2017-07-24 00:00:00 UTC ]
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Sales of Milo Yiannopoulos’s book, 'Dangerous,' fell 42% last week, compared to its first week on sale, according to just-released numbers from NPD BookScan. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-07-19 00:00:00 UTC ]
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After a sluggish beginning to 2017, a three-month rally has made bookstore sales through the first five months of 2017 almost even with the comparable period in 2016. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-07-18 00:00:00 UTC ]
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Sales of World Book Day (WBD) titles soared by more than 50% in comparison to last year, with 469,274 copies in total shifted in the week of the event, sales figures have shown. Continue reading at The Bookseller
[ The Bookseller | 2017-07-17 00:00:00 UTC ]
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Rightwinger said his book – self-published after he was dropped by Simon & Schuster – had sold 100,000 copies, but data shows fewer than 20,000 salesRightwing controversialist Milo Yiannopoulos has branded reported low sales of his new book “fake news” after official figures revealed the... Continue reading at The Guardian
[ The Guardian | 2017-07-13 00:00:00 UTC ]
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William Bowes is set to leave Cambridge University Press to become the Publishers Association’s new general counsel and director of policy, saying there is “urgent work” to be done. Continue reading at The Bookseller
[ The Bookseller | 2017-07-11 00:00:00 UTC ]
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A change in the curriculum at schools gave France's book business a boost in 2016, while its new minister of culture, a former publisher, is addressing lingering challenges, including the regulation of online bookselling. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-07-06 00:00:00 UTC ]
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Bonnier Publishing UK has appointed Paul Gregory, former president and c.o.o. of Parragon, as the new chief executive of Igloo Books Group. Continue reading at The Bookseller
[ The Bookseller | 2017-06-30 00:00:00 UTC ]
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While summertime means vacations and a break from the normal routine for many people, it is the busiest time of the year for seasonal booksellers—especially when your store is near the Great Lakes. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-06-30 00:00:00 UTC ]
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O'Reilly Media will begin offering subscription access to ebooks on its Shop.reilly retail site, rather than offering direct sales of downloadable ebooks. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-06-29 00:00:00 UTC ]
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Nobody wants to be in the Harry Potter House Hufflepuff, Amazon made it official today, as it released fresh data about the UK’s buying habits of all things Potter. Continue reading at The Bookseller
[ The Bookseller | 2017-06-23 00:00:00 UTC ]
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Unit sales of print books posted a modest gain in the week ended June 18, 2017, over the similar week in 2016 at outlets that report to NPD BookScan. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-06-23 00:00:00 UTC ]
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