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
(201) Magazine publisher, recently purchased by Gannett, will axe about half of its overall workforce. The post Layoffs Hit North Jersey Media Group appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2016-09-15 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#recently purchased
The Torbay Bookshop is being put back up for sale by owners Matthew and Sarah Clarke, who have run it for a total of 23 years. Continue reading at The Bookseller
[ The Bookseller | 2016-09-15 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#put back
#torbay bookshop
#sarah clarke
In its first earnings release since firing CEO Ron Boire last month, Barnes & Noble reported that sales fell 6.6% in its first quarter of 2017, which ended July 30. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-09-08 00:00:00 UTC ]
More news stories like this |
Books continue to buck the national retail trend, with sales up 8.9% year-on-year in volume in August in comparison to the year before, where total UK retail sales were down 0.9% in the same period. Continue reading at The Bookseller
[ The Bookseller | 2016-09-07 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#9% year-on-year
Sales of print books took a beating at John Wiley in the first quarter ended July 31. The biggest decline was in the higher education segment, where sales of printed textbooks dropped 31%. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-09-07 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#john wiley
#print books
The Publishers Association has called on the government to keep European Union trade barriers to an “absolute minimum” and to encourage investment in the UK via stronger copyright rules during its Brexit negotiations. Continue reading at The Bookseller
[ The Bookseller | 2016-09-06 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#publishers association
#absolute minimum
#brexit negotiations
While comics sales have yet to fully recover from a shaky start this year--overall sales are down 2.2%--reps at the industry event said they expect sales to stabilize by the end of the year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-09-06 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#comics sales
#industry event
Head of Zeus has established its own sales team to sell and market its books to independent and high street booksellers across the UK from the beginning of September. Continue reading at The Bookseller
[ The Bookseller | 2016-09-03 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#sales team
UK publishers said the demand for rights from Chinese publishers at BIBF “far exceeded expectations”, with children’s and illustrated books particularly in demand. Continue reading at The Bookseller
[ The Bookseller | 2016-09-02 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#uk publishers
#chinese publishers
#exceeded expectations
#illustrated books
Overall digital sales at Penguin Random House are on a “positive path forward,” the company’s global c.e.o Markus Dohle has said in a letter to staff, despite the company’s first half results showing a decline due to lower ebook sales. Continue reading at The Bookseller
[ The Bookseller | 2016-09-01 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#markus dohle
#revenue decline
#digital sales
Pearson retained its position as the biggest publisher in the world for the eighth consecutive year in the Global Ranking of the Publishing Industry 2016 which, despite the number one publisher’s slump, also showed ongoing growth of the top end of the list. Continue reading at The Bookseller
[ The Bookseller | 2016-08-31 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#biggest publisher
#global ranking
#top end
A decline in ebook sales plus the lack of a mega-bestseller led to sales and earnings both falling by just over 10% at Penguin Random House in the first six months of 2016. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-08-31 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#ebook sales
#earnings fell
The Klett Group is Germany’s leading private provider of educational and continued education services, with 59 subsidiaries at 34 locations in 14 countries. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-08-26 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#klett group
Relx Group is a provider of information solutions for professional in many industries. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-08-26 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#relx group
#information solutions
Gallimard was founded in 1911 by Gaston Gallimard, the grandfather of today’s president and CEO Antoine Gallimard, as Les Editions de la Nouvelle Revue Française (NRF). Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-08-26 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#gaston gallimard
#groupe madrigall
Albin Michel is one of France’s leading literary and educational publishers, and has been honored by the country’s highest literary awards. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-08-26 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#albin michel
#leading literary
#educational publishers
Phoenix Publishing and Media Group is one of the largest publishing groups in China. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-08-26 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#media group
The Holtzbrinck Publishing Group is a family-owned company based in Germany. The group’s portfolio includes Macmillan Publishers (trade publishing), Macmillan Learning (US higher education), Holtzbrinck Digital, Information and Services; and Springer Nature. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-08-26 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#macmillan learning
#higher education
#holtzbrinck digital
#springer nature
Olma Media Group is one of the most rapidly expanding publishing houses in Russia. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-08-26 00:00:00 UTC ]
More news stories like this |
French publishing company La Martinière was founded in 1992 by Hervé de la Martinière with an initial focus on illustrated photography, heritage, art, and leisure books, and has since expanded to general trade books. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-08-26 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#initial focus
#illustrated photography
#leisure books