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
November's bookstore sales were $805 million, an increase of 1.5% over November 2015. Sales for the first 11 months of 2016 were up 3.4%. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-01-13 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#bookstore sales
UK retailers saw a strong finish to Christmas, with like-for-like sales up 1.0% in December from the same month a year earlier, the British Retail Consortium has reported. Continue reading at The Bookseller
[ The Bookseller | 2017-01-11 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#uk retailers
#strong finish
#year earlier
Sales through French bookshops declined by 0.5% in December from a year earlier. Continue reading at The Bookseller
[ The Bookseller | 2017-01-10 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#christmas sales
#french bookshops
#year earlier
Helped by Harry Potter and the hit fitness guru, year on year takings to December rose sharply to £1.59bnRetail sales struggled in 2016, but JK Rowling cast a spell strong enough to power sales towards a magical £1.6bn during the year, a rise of almost 5% on 2015, according to the latest annual... Continue reading at The Guardian
[ The Guardian | 2017-01-10 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#harry potter
#uk rose
#joe wicks
#clean-eating thing
Foyles achieved a 4.3% like-for-like sales increase over Christmas, the bookseller has said. Continue reading at The Bookseller
[ The Bookseller | 2017-01-07 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#christmas sales
#sales increase
In the face of pressure for Simon & Schuster to drop the far-right star’s book Dangerous in the US, campaigners say that stifling him will have ‘a chilling effect’A boycott of far-right controversialist Milo Yiannopoulos’s publisher Simon & Schuster will have “a chilling effect” on... Continue reading at The Guardian
[ The Guardian | 2017-01-06 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#simon schuster
#chilling effect
#national coalition
#latest attempt
Unit sales of print books rose 3.3% in 2016 over the previous year, making it the third-straight year of print growth. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-01-06 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#print growth
The National Coalition Against Censorship has issued a statement in defense of Simon & Schuster after the book deal with Milo Yiannopoulos received widespread backlash and threats of boycotts. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-01-06 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#national coalition
#simon schuster
#book deal
With store traffic failing to significantly improve after the election, Barnes & Noble's sales did not meet expectations over the holiday period. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-01-05 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#barnes noble
#meet expectations
Waterstones, Blackwell’s, Stanfords and independent booksellers have all reported strong Christmas book sales, with titles such as Five on Brexit Island and the GCHQ Puzzle Book proving hits with customers. Continue reading at The Bookseller
[ The Bookseller | 2017-01-05 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#independent booksellers
#brexit island
The book market has seen strong Christmas trading, with the week leading up to the big day ranking the highest in value since 2007, figures from Nielsen BookScan have shown. Continue reading at The Bookseller
[ The Bookseller | 2017-01-04 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#book market
#week leading
#nielsen bookscan
Overall sales for Bath-based publisher Parragon Books were down £3m year-on-year to £58.6m in the 12 months ending 31st March 2016, according to results filed at Companies House. Continue reading at The Bookseller
[ The Bookseller | 2016-12-25 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#results filed
#companies house
With only a few more shopping days until Christmas, German booksellers are happy with holiday book sales so far - and there might be greater things to come. The post Germany Expects Record Holiday Book Sales appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2016-12-21 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#german booksellers
The July publication of 'Harry Potter and the Cursed Child' helped raise sales in the children's/young adult segment 31.1% in July over a year ago. July sales of adult books fell. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-12-20 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#july sales
#cursed child
#harry potter
While many publishers are trying to forge direct connections with readers as a defense against Facebook, The Boston Globe is using the social giant itself to engage its readers. The Globe started a private Facebook group December 2 for subscribers to discuss the news. While other publishers are... Continue reading at Digiday
[ Digiday | 2016-12-20 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#readers back
#readers appeared
#facebook groups
#boston globe
#social giant
Hubert Burda needs consent from BBC Worldwide before it can acquire publisher of Top Gear magazine and other titlesThe Radio Times is poised to go into foreign ownership, as German publisher Hubert Burda finalises a deal to buy its parent company.Immediate Media, which struck a £121m deal with... Continue reading at The Guardian
[ The Guardian | 2016-12-19 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#radio times
#hubert burda
#bbc worldwide
#bbc magazines
Fred Kobrak, a former president of Collier Macmillan International in London and well-traveled international sales executive, died on December 12. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-12-16 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#fred kobrak
Condé Nast's Food Innovation Group dominated 2016 in all of those areas: food, innovation and groups. FIG houses Bon Appétit (the magazine and multiple digital platforms), Epicurious (the website and app), The Farm (the branded content division), and the FIG Influencers Network (the blog... Continue reading at AdWeek
[ AdWeek | 2016-12-15 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#drucker mann
#younger generation
#moving forward
#brand partners
#ll continue
Steven Pace, the sales director at Workman, will join W. W. Norton on January 2 as its new director of trade sales, replacing longtime v-p and trade sales director William F. Russin. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-12-14 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#sales director
#trade sales
Bookstore sales for October were $774 million, down from $782 million in October 2015. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-12-14 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#bookstore sales