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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Time is facing one of its most critical decisions since the magazine publisher was founded by Henry Luce and Briton Hadden in 1922.Should the company's board agree to a sale as its print advertising lifeblood continues to drain away? Or should it let new CEO Rich Battista implement his grand... Continue reading at Advertising Age
[ Advertising Age | 2016-12-13 00:00:00 UTC ]
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Andy LeCount will join HarperCollins on December 29 as v-p and director of sales for general books, according to a letter from president of sales Josh Marwell to staff. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-12-09 00:00:00 UTC ]
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Nicola Goode is leaving DK as head of sales to join Hachette Children’s Group in February as sales director. She replaces Jason McKenzie, who will be leaving the company at the end of January. Continue reading at The Bookseller
[ The Bookseller | 2016-12-09 00:00:00 UTC ]
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US publisher Abrams is discontinuing the publication of Bad Little Children's Books in both the UK and America at the author's request after the book came under heavy fire on social media. Continue reading at The Bookseller
[ The Bookseller | 2016-12-07 00:00:00 UTC ]
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The outcry began with a Facebook post: An actress, known for her role in “Django Unchained,” and her boyfriend accused a white Los Angeles police officer of mistreating her because she was black. The accusation touched a nerve at a time of increased public scrutiny of police, particularly how... Continue reading at Los Angeles Times
[ Los Angeles Times | 2016-12-07 00:00:00 UTC ]
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Black Friday damages high street sales for weeks before the event, a report from KPMG has revealed. Continue reading at The Bookseller
[ The Bookseller | 2016-12-07 00:00:00 UTC ]
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A post-election sales bounce made for a solid Thanksgiving week at many independent bookstores. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-12-02 00:00:00 UTC ]
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Books featuring licensed characters have seen a boom in recent years, and this holiday season looks to be a lucrative one. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-12-02 00:00:00 UTC ]
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Longtime Editor Brian Sweany is replaced by Alcalde Magazine's Tim Taliaferro. The post A New Editor-in-Chief at Texas Monthly Following Sale appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2016-12-01 00:00:00 UTC ]
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The Publishers Association is launching a new campaign, The Textbook Challenge, after an independent survey found that 63% of primary and secondary teachers in English schools could be "making more use of textbooks" - while one in five don’t use them at all. Continue reading at The Bookseller
[ The Bookseller | 2016-11-27 00:00:00 UTC ]
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With the election over, the chain expects sales to pick up as the holiday gift-giving season approaches. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-11-25 00:00:00 UTC ]
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In a consistent German book market, the Boersenverein reports rising ebook sales by volume, but lower prices are driving down revenue from digital products. The post In Germany: Report Finds Ebook Sales Rising, Revenue Down, in 2016 appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2016-11-23 00:00:00 UTC ]
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In the first full week of sales after the election, unit sales slipped 1% over the comparable week in 2015. New books by Megyn Kelly and Bernie Sanders had solid starts. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-11-23 00:00:00 UTC ]
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Barnes & Noble attributed its overall decline in the quarter—which saw retail group sales fall 3.5%, and comparable store sales drop 3.2%—to lower store traffic. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-11-22 00:00:00 UTC ]
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Ann Voskamp, author of ‘One Thousand Gifts,’ embarked on a 10-city tour earlier to promote her new book, ‘The Broken Way,' drawing hundreds of fans at each stop. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-11-22 00:00:00 UTC ]
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Phoenix-based digital marketing firm G/O Digital has laid off less than 100 employees today as it discontinued its direct sales business unit. G/O Digital CEO Tim Fagan said his company, which used to be part of Gannett Publishing Services and now is part of McLean, Virginia-based Tegna Inc.,... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2016-11-18 00:00:00 UTC ]
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Books with "Trump" in the title got a post-election boost, as did many titles that deal with the big themes of the campaigns. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-11-18 00:00:00 UTC ]
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US publishers’ revenues fell 3.4% year-on-year to $5.37bn (£4.32bn) for the first half of 2016, new statistics from the Association of American Publishers have revealed. Continue reading at The Bookseller
[ The Bookseller | 2016-11-18 00:00:00 UTC ]
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Bookstore sales in September were $1.16 billion, up from $1.14 billion one year ago. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-11-16 00:00:00 UTC ]
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Sales of adult trade books dropped 2.8% in the first half of 2016 compared to the same period in 2015, according to figures released by the Association of American Publishers. Sales in the children’s/young adult segment, meanwhile, rose 0.9% in the same period. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-11-16 00:00:00 UTC ]
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