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 industry’s earnings hit a new high in 2016, according to the PA Publishing Yearbook 2016. Continue reading at The Bookseller
[ The Bookseller | 2017-04-28 00:00:00 UTC ]
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Total book sales including physical and digital books rose 6% to £3.5bn, propped up by non-fiction. Continue reading at BBC News
[ BBC News | 2017-04-27 00:00:00 UTC ]
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Quarto Iberoamericana will be overseen with Quarto Group's longtime partner, the Argentina-based Catapulta Editores. It will publish 20 books a year, starting in fall 2017. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-04-27 00:00:00 UTC ]
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Whether as a print magazine or a digital brand, Newsweek is a name consumers worldwide can recognize--and, more importantly, trust. That was the driving force behind IBT Media's decision to buy Newsweek when it was a digital-only publication, and to revive the print edition in 2014. And it's why... Continue reading at AdWeek
[ AdWeek | 2017-04-27 00:00:00 UTC ]
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Consumer sales down to £204m last year and are at lowest level since 2011 – when Amazon Kindle sales first took off in UK Britons are abandoning the ebook at an alarming rate with sales of consumer titles down almost a fifth last year, as “screen fatigue” helped fuel a five-year high in printed... Continue reading at The Guardian
[ The Guardian | 2017-04-27 00:00:00 UTC ]
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Book sales in the UK are on the rise, but not because of ebooks. Figures for 2016 released by the Publishers Association show a 7 percent rise over 2015, the largest year-over-year growth in a decade. Physical book sales were up 8 percent, however eb... Continue reading at Engadget
[ Engadget | 2017-04-27 00:00:00 UTC ]
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Quarto Iberoamericana addresses a market of up to 550 million Spanish-language citizens, as distribution channels are arranged to deliver translations. The post Quarto Group’s New Argentinian Partnership Creates a Spanish-Language Imprint appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2017-04-27 00:00:00 UTC ]
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B2B's shifting ad spend, a big promotion at Teen Vogue, and more news from around the magazine space. The post IBT Media Rebrands as Newsweek Media Group | Industry Notes appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2017-04-27 00:00:00 UTC ]
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Could Derek Jeter do for the Miami Marlins what Magic Johnson did for the Dodgers? A group led by Jeter and former Florida Gov. Jeb Bush have won the bidding for the Miami Marlins, Bloomberg reported Tuesday. Neither the Marlins nor Major League Baseball would comment on the report. If the... Continue reading at Los Angeles Times
[ Los Angeles Times | 2017-04-26 00:00:00 UTC ]
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The Quarto Group has implemented a new global sales and marketing structure, which has seen the English Language Sales team divided into three main channels: US Sales, UK and Europe Sales, and International Sales. Continue reading at The Bookseller
[ The Bookseller | 2017-04-25 00:00:00 UTC ]
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As Independent Bookstore Day turns three, booksellers in 48 states see an opportunity to make strong Saturday sales even stronger. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-04-21 00:00:00 UTC ]
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"This underlines the most important fact in digital publishing: People will pay for high-quality comment." The post Thanks to surprise British election, The Spectator triples daily subscriber sales appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2017-04-20 00:00:00 UTC ]
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At Mobile World Congress, Samsung debuted its Galaxy Book, a power tablet running Windows 10 with a snap-on keyboard that looked to improve on Huawei's Matebook. Despite promising specs and integration of the device giant's new S Pen peripheral, it w... Continue reading at Engadget
[ Engadget | 2017-04-20 00:00:00 UTC ]
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After declining 3.7% in January 2017 compared to January 2016, bookstore sales dropped 3.0% in February, resulting in a 3.6% decline in sales in the first two months of 2017 compared to the same period in 2016. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-04-17 00:00:00 UTC ]
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It looks like board books will be popular gifts for Easter this year. Unit sales of the format soared 83% in the week ended Apr. 9, 2017 over the comparable week in 2016. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-04-14 00:00:00 UTC ]
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Sales in the adult trade category increased 6.8% in November over a year ago, and sales in the children’s/young adult category jumped 16.2%, according to the AAP. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-04-14 00:00:00 UTC ]
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It’s time to buy tickets now for Frankfurt Book Fair’s weekend open to the general public. Tickets have gone on sale and include group rates. By Porter Anderson, Editor-in-Chief | @Porter_Anderson Avoid Lines by Buying Tickets Now eginning today (April 10), “private visitor” tickets for the... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2017-04-11 00:00:00 UTC ]
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Chicken House has signed an “exclusive deal” with one of China’s largest publishing houses, Liaoning Publishing Group, which will publish all the forthcoming prize-winners of the Times/Chicken House Children’s Fiction Competition. Continue reading at The Bookseller
[ The Bookseller | 2017-04-11 00:00:00 UTC ]
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With Easter approaching, sales of juvenile fiction and nonfiction are shooting up. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-04-07 00:00:00 UTC ]
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SportsTravel, Association News, and a trio of related event businesses join Northstar's Meetings Group. The post Northstar Travel Group Acquires Schneider Publishing Assets appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2017-04-05 00:00:00 UTC ]
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