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
In a statement, America’s booksellers, publishers, and librarians expressed admiration for Lam Wing-kee and his defense of the right of the Chinese people to read the books they want. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-06-20 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#lam wing-kee
#chinese people
Limitations of reading devices and "digital fatigue" are cited as causes for the decline in ebook sales. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-06-17 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#reading devices
#ebook sales
With the resurgence of print formats, indie booksellers are testing new business models, scouting new locations, and starting mini-chains. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-06-17 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#print formats
#indie booksellers
#business models
Bookstore sales rose 9.7% in April, to $757 million, according to preliminary estimates released by the U.S. Census Bureau. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-06-15 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#bookstore sales
#census bureau
The eight books announced yesterday (8th June) as part of Zoella’s bookclub have rocketed on Amazon UK, with sales of one – The Potion Diaries by Amy Alward (Simon & Schuster Children’s) – increasing more than 11,000%. Continue reading at The Bookseller
[ The Bookseller | 2016-06-10 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#amazon uk
The sad news of Muhammad Ali's death, which broke late last week, has resulted in publishers rushing to get their new Ali titles into stores, and a run on available backlist titles about the iconic boxer and activist. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-06-09 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#sad news
#muhammad ali
#publishers rushing
#backlist titles
Have ebook sales plateaued in Germany? The latest Ebook Quarterly Report from the German Publishers and Booksellers Association indicates lower revenue despite growth in sales volume. The post Ebook Sales in Germany Up, Revenue Down appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2016-06-06 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#ebook sales
#german publishers
#booksellers association
Book printing company Clays Ltd has invested in its physical book-printing services, citing the decline of e-reader sales, the resurgence of public enthusiasm for print and the success of its new print self-publishing services. Continue reading at The Bookseller
[ The Bookseller | 2016-06-02 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#e-reader sales
With sales of digital audiobooks soaring, publishers are racing to produce more titles and find innovative new marketing methods. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-05-27 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#publishers move
Audiobook sales rose 20% in the US last year, according to the Audio Publishers Association. Continue reading at The Bookseller
[ The Bookseller | 2016-05-26 00:00:00 UTC ]
More news stories like this |
Led by a 34% increase in sales of digital audio, sales of audiobooks rose 20% in 2015 over 2014, to an estimated $1.78 billion. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-05-24 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#34% increase
#digital audio
This week Anna Cunnane, export sales manager at Kyle Books tells us about her role and why she rates joining the SYP. Continue reading at The Bookseller
[ The Bookseller | 2016-05-24 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#kyle books
Bertin, an Air Force veteran and longtime Macmillan sales representative covering the Mid-Atlantic region, died on May 6. He was 79. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-05-24 00:00:00 UTC ]
More news stories like this |
Stephen Barr, president of SAGE International, has been elected as the new president of the Publishers Association. Barr, previously vice president, will succeed Joanna Prior, managing director of Penguin General Books, who remains as an officer on the PA Council. The PA’s a.g.m. took place... Continue reading at The Bookseller
[ The Bookseller | 2016-05-19 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#pa president
#vice president
#pa council
#publishers association
#hodder education
Independent publisher of user manuals Haynes is to close its US and Swedish bases and axe 41 jobs due to falling demand for print manuals. Continue reading at The Bookseller
[ The Bookseller | 2016-05-19 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#falling sales
#independent publisher
The second-largest shareholder of Los Angeles Times owner Tribune Publishing said Wednesday that passing up a buyout offer from rival publishing company Gannett could "destroy enormous shareholder value." In a letter sent to Tribune's board and filed with the Securities and Exchange Commission,... Continue reading at Los Angeles Times
[ Los Angeles Times | 2016-05-19 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#tribune publishing
#second-largest shareholder
#buyout offer
#exchange commission
Beginning June 1, Regnery Publishing will bring its sales operation in-house, having been with Perseus Distribution. Moving forward, Perseus will continue to handle warehousing and all other distribution functions for Regnery. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-05-18 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#regnery publishing
#perseus distribution
#moving forward
The Somali-British poet’s sales have risen by almost 800% since her work was featured in Beyoncé’s visual album on HBO. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-05-17 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#sales spike
#warsan shire
Joan G Robinson’s 1967 classic children’s novel When Marnie Was There has received an international sales boost thanks to the Japanese animation version, as agent Caroline Sheldon has sold the rights to 10 countries. Continue reading at The Bookseller
[ The Bookseller | 2016-05-17 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#sales boost
'The reason we want to start selling ebooks direct into ASEAN,' says Monsoon's Philip Tatham, is because it's a major and rare territory still without heavy competition from major ebook retailers. The post Asia’s Potential Monsoon of Ebook Sales: Philip Tatham on ASEAN appeared first on... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2016-05-17 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#post asia
#ebook sales