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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We asked Maddie Jane, sales development officer at the Bible Reading Fellowship about her role. Continue reading at The Bookseller
[ The Bookseller | 2016-07-14 00:00:00 UTC ]
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Sales shot up for Kathi Lipp’s 2009 ‘The Husband Project’ with the launch of an online Bible. Plus, Jan Karon maintained the top perch in Religion Fiction for the second month in a row. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-07-13 00:00:00 UTC ]
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Richard Scrivener has joined the board of illustrations agency Bright Group International as non-executive director. Continue reading at The Bookseller
[ The Bookseller | 2016-07-13 00:00:00 UTC ]
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The government has told the Publishers Association that “Brexit means Brexit” and publishers should use this opportunity to “really make the case for the publishing agenda” going forward. Continue reading at The Bookseller
[ The Bookseller | 2016-07-12 00:00:00 UTC ]
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After six straight years of growth, North American digital comics sales dropped 10% in 2015, to $90 million. The decline, documented in a new report issued by the pop culture trade news site ICv2, mirrors a similar decline in the sales of prose ebooks. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-07-12 00:00:00 UTC ]
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Figures show 2015 book sales in Japan pulling ahead 'slightly' by comparison to magazine sales. One runaway bestseller might deserve as much credit as softer sales in the fashion media. The post Did Matayoshi ‘Spark’ Japan’s Growth in Book Sales? appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2016-07-12 00:00:00 UTC ]
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Final estimates released this morning by the Association of American Publishers show that total industry sales dipped 0.6% in 2015 compared to 2014, falling to $27.78 billion, from $27.96 billion in 2014. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-07-11 00:00:00 UTC ]
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The event, held over the July 4 weekend at the L.A. Convention Center, attracted more than 100,000 Japanese pop culture fans, and welcomed top manga artists visiting from Japan. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-07-08 00:00:00 UTC ]
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Penguin Random House UK has appointed Rob Waddington as international sales director in a move that brings group and exports teams under a single leadership. Continue reading at The Bookseller
[ The Bookseller | 2016-07-07 00:00:00 UTC ]
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Oxford University Press saw headline growth of 1.7%, 1% on a like-for-like basis (at constant exchange rates), in the year to end March 2016, according to its latest Annual Report. Financial details are slim, but turnover stood at £781m (up from £767m the previous year) while profit dropped 8%... Continue reading at The Bookseller
[ The Bookseller | 2016-07-07 00:00:00 UTC ]
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In the wake of Elie Wiesel's death on Saturday, sales of 'Nigtht,' the author's memoir about surviving Auschwitz, have jumped. The book's publisher, FSG, is now considering a reprint of the hardcover edition of the book. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-07-06 00:00:00 UTC ]
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Connect Books increased like-for-like revenues by 4.8% in the 44 weeks to 2nd July. Continue reading at The Bookseller
[ The Bookseller | 2016-07-06 00:00:00 UTC ]
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The UK division of a German publisher is pushing ahead with plans to expand its children’s book business, despite the economic uncertainty caused by the UK’s decision last week to leave the European Union. Continue reading at The Bookseller
[ The Bookseller | 2016-07-04 00:00:00 UTC ]
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John Smith & Son Group has appointed David Marshall to its board as group commercial director. Continue reading at The Bookseller
[ The Bookseller | 2016-07-01 00:00:00 UTC ]
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Animal Media Group, an independent media and book production company that is looking to ramp up its presence in the book trade, has signed a two year distribution deal with Consortium. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-06-30 00:00:00 UTC ]
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Brent Gordon, who was most recently senior v-p of sales for global education at Wiley, is stepping into the newly created role of v-p of education sales and strategy at Penguin Random House. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-06-28 00:00:00 UTC ]
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The two major trade segments--adult and children's/YA--had a slow start to the year, according to the Association of American Publishers' StatShot program. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-06-27 00:00:00 UTC ]
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Lower sales in its Nook division, a dip in sales at BN.com, and store closures combined to leave Barnes & Noble with a 3.1% decline in fiscal 2016. The retailer reported a net loss of $24.4 million for the year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-06-22 00:00:00 UTC ]
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Sarah Benton, currently marketing director for HarperFiction, is joining Orion Publishing Group as group marketing director in September. Continue reading at The Bookseller
[ The Bookseller | 2016-06-22 00:00:00 UTC ]
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Bernardi succeeds longtime Dark Horse book trade executive Michael Martens, who is retiring after 22 years, and will takeover in time for the American Library Association meeting in Orlando, Florida. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-06-21 00:00:00 UTC ]
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