Pearson profit warnings wipe almost £2bn off its value

Education giant plans sale of stake in Penguin Random House to Bertelsmann as it cuts payout to shareholdersAlmost £2bn was wiped from the stock market value of Pearson after the beleaguered FTSE 100 company issued profit warnings for the next two years and said it would cut its payout to shareholders.The group is also putting up for sale its 47% stake in publisher Penguin Random House. Related: Will the Pearson chief be brought to book over profits warnings? | Nils Pratley Related: Redundancy fears as Penguin Random House derecognises staff unions Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2017-01-18 00:00:00 UTC ]
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Telegraph Media Group made record £60m profit last year

The Telegraph Media Group made more than £60m last year, The Guardian can reveal. It is the third successive year that the company has managed to increase its operating profit.TMG is expected to report what amounts to a record figure formally in the spring when it files its accounts for the full... Continue reading at The Guardian

[ The Guardian | 2014-01-10 00:00:00 UTC ]
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Tindle group profit dips to £1.4m

Local newspaper publisher says it faced tough market in 2013, but has made no closures or redundancies during the downturnSir Ray Tindle's newspaper group made a profit of £1.4m in the year to the end of March 2013, as the publisher reported that it has not closed any titles or forced any... Continue reading at The Guardian

[ The Guardian | 2014-01-03 00:00:00 UTC ]
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Profits drop for HarperCollins UK

HarperCollins UK has seen a 66% drop in profits for the year ending 30th June 2013, according to... Continue reading at The Bookseller

[ The Bookseller | 2014-01-02 00:00:00 UTC ]
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Lonely Planet sees profits growth

Lonely Planet saw turnover marginally decrease in 2013 but its profit rose by 17.6% to £663... Continue reading at The Bookseller

[ The Bookseller | 2014-01-02 00:00:00 UTC ]
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S&S On Pace for Record Profits

In her year-end letter to employees, Simon & Schuster CEO Carolyn Reidy said that the publisher is on track to “deliver record profits, a healthy gain in revenues, and our best-ever margins.” Continue reading at Publishers Weekly

[ Publishers Weekly | 2013-12-23 00:00:00 UTC ]
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Boot up: Almunia's warning, Snapchat's numbers, China Mobile + iPhone, and more

Plus Samsung gets overly heavy, Secret Plumber's social error, reasons to use Microsoft Word, and moreA burst of 10 links for you to chew over, as picked by the Technology teamAmicus Brief >> Bob KohnLike all others, Kohn was required to limit his amicus curiae legal brief on what he... Continue reading at The Guardian

[ The Guardian | 2013-12-10 00:00:00 UTC ]
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Time Inc. execs warn of layoffs

More job cuts could soon hit Time Inc., company executives told their top 300 managers at a quarterly meeting on Monday.The warning came during a question-and-answer session with Norm Pearlstine, Time Inc.'s newly appointed chief content officer. Asked by Time magazine Managing Editor Nancy... Continue reading at Crains New York

[ Crains New York | 2013-12-10 00:00:00 UTC ]
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Tweeters warned about contempt of court

Attorney general Dominic Grieve hopes to prevent legal novices publishing remarks that might cause trials to be abandonedThe attorney general is to begin issuing legal warnings to steer Twitter users away from prejudicial comments that might force trials to be abandoned.Advisory notices –... Continue reading at The Guardian

[ The Guardian | 2013-12-04 00:00:00 UTC ]
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Barnes & Noble swings to profit

Barnes & Noble returned to a profit in the fiscal second quarter as it invested less in its Nook ebook reader and cost cuts offset lower sales.Its sales missed expectations, however, and its shares dropped more than 3% in premarket trading. The report comes as the crucial holiday season... Continue reading at Crains New York

[ Crains New York | 2013-11-26 00:00:00 UTC ]
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Hacked Off warns local paper publishers not to join new regulator

A battle for the hearts, minds and pockets of small and medium-sized newspaper publishers is being fought over the new system of press regulation.The large publishing companies who created the Independent Press Standards Organisation (Ipso) are urging smaller publishers to sign up to their... Continue reading at The Guardian

[ The Guardian | 2013-11-26 00:00:00 UTC ]
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Sharjah 2013: Sheikh Warns Against the 'Aggression' of Globalization

The 32nd Sharjah International Book Fair was launched yesterday, November 6, by HH Sheikh Dr. Sultan bin Muhammad Al Qasimi, who decried the "cultural aggression" of globalization. Continue reading at Publishers Weekly

[ Publishers Weekly | 2013-11-07 00:00:00 UTC ]
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Editorial: When Passion Equals Profit

From the Frankfurt Book Fair, Ed Nawotka wonders, why have so many startups in publishing never made it beyond beta? Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2013-10-09 00:00:00 UTC ]
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Returns hit first-half profits at Quercus

Quercus has recorded a 10.9% rise in turnover to £10.2m for the six months to end June 2013... Continue reading at The Bookseller

[ The Bookseller | 2013-09-26 00:00:00 UTC ]
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Profit drops 25% at Haynes amid publishing 'slowdown'

Haynes Publishing Group has reported falls in revenue and profit in its results for the year... Continue reading at The Bookseller

[ The Bookseller | 2013-09-23 00:00:00 UTC ]
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In last hurrah, Random House books record profits

Thanks to bestsellers like Dan Brown's Inferno and Sheryl Sandberg's Lean In, Random House Inc. boasted record profits for the first half of 2013, parent company Bertelsmann reported Friday in what will be the last earnings announcement for the publisher as a stand-alone unit. Sales, however,... Continue reading at Crains New York

[ Crains New York | 2013-08-30 00:00:00 UTC ]
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Profits Rise at RH Despite Sales Decline

Random House parent company Bertelsmann reported this morning that profits at RH rose to 117 million euros from 113 million euros in the first half of 2012 despite a 3.4% sales decline to 915 million euros. Continue reading at Publishers Weekly

[ Publishers Weekly | 2013-08-30 00:00:00 UTC ]
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A Profitable Six Months

Although the growth of ebook sales has slowed in the first six months of 2013, there were still enough gains to largely mitigate the decline in print sales. Continue reading at Publishers Weekly

[ Publishers Weekly | 2013-08-30 00:00:00 UTC ]
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Sales, Profits Up at Lagardere Publishing

Total sales at Lagardere Publishing rose 1.4% in the first half of 2013, to 917 million euros, while EBIT increased 24.6% to 71 million euros. Continue reading at Publishers Weekly

[ Publishers Weekly | 2013-08-29 00:00:00 UTC ]
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Gay-Themed Russian YA Novel Sold with Warning Label

As a result of laws prohibiting 'homosexual propaganda' in Russia, a young adult novel featuring a gay character, is sold with adult-age warning labels. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2013-08-06 00:00:00 UTC ]
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