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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Art Sesselberg, a special markets national accounts manager at Simon & Schuster, died on October 8 due to complications from pneumonia. He was 53. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-10-11 00:00:00 UTC ]
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Fiction and picture books are likely to take the lion’s share of sales over the Christmas period, although this year’s YA and teen offering is not as strong, according to a number of children’s booksellers. Florentyna Martin, children’s buyer at Waterstones, said younger fiction is particularly... Continue reading at The Bookseller
[ The Bookseller | 2016-10-10 00:00:00 UTC ]
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Faber has returned to profitability this year after recording a loss in 2015, helped by a “wide range of titles selling extremely well”. Continue reading at The Bookseller
[ The Bookseller | 2016-10-07 00:00:00 UTC ]
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Annual sales of poetry books are set to surpass £10m for the first time since records began, The Bookseller can reveal on National Poetry Day today. Continue reading at The Bookseller
[ The Bookseller | 2016-10-07 00:00:00 UTC ]
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At New York Comic Con, Diamond Comics Distributors report 2016 sales are up slightly; and industry analyst and ICv2 CEO Milton Griepp surveyed 40 years of retail disruption in the comics market and speculated on the possibility of a 'Fifth Disruption." Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-10-07 00:00:00 UTC ]
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Bookouture has made two major hires as the three-year-old company hits unit sales of 4.2m in 2016 year to date. Continue reading at The Bookseller
[ The Bookseller | 2016-10-06 00:00:00 UTC ]
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Springer Nature has appointed Tim Britton as managing director of the Open Research Group, replacing Sam Burridge who left the company at the end of April 2016. Continue reading at The Bookseller
[ The Bookseller | 2016-10-05 00:00:00 UTC ]
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The unmasking of Elena Ferrante’s alleged true identity is only likely to increase sales of her books, booksellers have said. Continue reading at The Bookseller
[ The Bookseller | 2016-10-05 00:00:00 UTC ]
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Bruce Springsteen has thundered into the Official UK Top 50 number one spot with his memoir Born to Run (Simon & Schuster), which sold 37,518 copies for £437,540, according to Nielsen BookScan’s Total Consumer Market. Continue reading at The Bookseller
[ The Bookseller | 2016-10-05 00:00:00 UTC ]
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Harrogate author Jackie Buxton has presented cheques of £860.32 each to Breast Cancer Haven and Sir Robert Ogden Macmillan Centre from the sales of her book: Tea & Chemo; Fighting Cancer, Living Life. Continue reading at The Bookseller
[ The Bookseller | 2016-10-05 00:00:00 UTC ]
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Hubert Boehle, who has served as CEO of Bauer Media Group USA since 2005, will leave the magazine publisher and be succeeded by Steven Kotok, the company will announce Monday.Mr. Boehle, a Bauer employee since 1986, is departing "to try new things," he said in a company statement. He will stay... Continue reading at Advertising Age
[ Advertising Age | 2016-10-03 00:00:00 UTC ]
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Sales of trade books increased 3.4% in the US in April, although overall publisher revenues were down 7%, according to the Association of the American Publishers. Continue reading at The Bookseller
[ The Bookseller | 2016-10-01 00:00:00 UTC ]
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According to figures from the AAP's Statshot Program, adult sales climbed a tiny 0.1% in the month, over the same period last year, while sales of children's books for the period were up 12.8%. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-09-30 00:00:00 UTC ]
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This week we interviewed Benedetta Costantini, Uk sales executive at Michael o’Mara Books. Continue reading at The Bookseller
[ The Bookseller | 2016-09-24 00:00:00 UTC ]
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The little theater attached to the library in the town of Georgetown, Ontario, about a 45-minute drive west of downtown Toronto, is named for John Elliott, the father of Brenda Sisnett, president, CEO, and owner of the Georgetown Group. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-09-23 00:00:00 UTC ]
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American publishers experienced a 2.7% decline in revenues in the first quarter of 2016 to $2.14bn (£1.65bn) compared to the same period in 2015, according to data released by the Association of American Publishers (AAP). Continue reading at The Bookseller
[ The Bookseller | 2016-09-22 00:00:00 UTC ]
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According to figures released by the AAP's StatShot program, sales of adult books fell 10.3% and sales of children's/YA titles fell 2.1%, compared to the same period last year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-09-20 00:00:00 UTC ]
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Once the domain of your Nana's generation, book groups have enjoyed a bit of a renaissance for a wee while now. A group of like-minded folk who read a common book in their own time then meet up once a month to talk about it, the classic book group is a great way for neighbours and communities to... Continue reading at Stuff
[ Stuff | 2016-09-19 00:00:00 UTC ]
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Bookstore sales in July fell by just under 1% compared to July 2015, marking the first month in 2016 that sales were down. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-09-15 00:00:00 UTC ]
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