Pearson reports £2.6bn loss for the year

Pearson has reported a massive pre-tax loss for the year of £2.6bn, including a goodwill impairment, following the challenges it has been facing in the US education market. The company, which in January delivered its fifth profit warning in four years, also reported a sharp rise in debt to £1,092m (2015: £654m). Meanwhile, Penguin Random House adjusted operating profits for Pearson's 47% stake in the trade publisher were £129m for 2016, up 43% in terms of headline growth (23% in underlying growth) from £90m in 2015. Continue reading at 'The Bookseller'

[ The Bookseller | 2017-02-25 00:00:00 UTC ]
News tagged with: #education market #profit warning #sharp rise #47% stake #trade publisher #underlying growth

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What Exactly Was Joseph Mitchell Doing All Those Years at 'The New Yorker'?

He showed up for work, the magazine kept paying him, but he published nothing for over 30 years. One of the great literary mysteries is finally solved. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-04-03 00:00:00 UTC ]
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iBooks Bestseller List: ‘Steve Jobs’ Lands at #2

'Becoming Steve Jobs,' Brent Schlender and Rick Tetzeli’s biography of the late Apple CEO, rose from the #8 spot to the #2 spot on Apple’s bestseller list for the week ended March 30. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-04-01 00:00:00 UTC ]
More news stories like this | News stories tagged with: #steve jobs #brent schlender ##2 spot #bestseller list


Facebook tracks all site vistors, violating EU law, report says

Facebook tracks everyone who visits its site, including people who don’t have an account, and even continues to track users and non-users who have opted out of targeted ads, researchers at two Belgian universities have found.Researchers at the University of Leuven in cooperation with researchers... Continue reading at PC World

[ PC World | 2015-03-31 00:00:00 UTC ]
More news stories like this | News stories tagged with: #including people #track users #targeted ads


Bologna Prize for the Best Children's Publisher of the Year

The winners for the Best Children's Publisher of the Year were announced in Sala Borsa in Bologna on Monday, March 30. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-03-31 00:00:00 UTC ]
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What will be on digital publishers’ minds a year from now?

At Digiday’s Publishing Summit in Vail, Colorado, the big issues crowding publishers’ minds included viewability challenges, mobile and programmatic. So we wondered: What will we be talking about in a year from now that’s not getting much attention now? Publishing execs predicted growing ad... Continue reading at Digiday

[ Digiday | 2015-03-30 00:00:00 UTC ]
More news stories like this | News stories tagged with: #digital publishers #publishing summit


Books & Books Named PW Bookstore of the Year; Sheridan Rep

Given the outsized influence of the 33-year-old South Florida bookstore and owner Mitchell Kaplan, the biggest surprise was that it hadn't received the award earlier. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-03-30 00:00:00 UTC ]
More news stories like this | News stories tagged with: #outsized influence #biggest surprise #award earlier


Loaded magazine to close after 21 years

Once one of the leading titles in a booming lads mag sector, it hit print sales of 350,000 in 2000Loaded, one of the titles synonymous with the mid-1990s lads’ mag boom, is to close after 21 years.The last issue of the monthly magazine, which launched in 1994, is the April edition which is on... Continue reading at The Guardian

[ The Guardian | 2015-03-27 00:00:00 UTC ]
More news stories like this | News stories tagged with: #leading titles #monthly magazine


Charges Lead to Loss at Scholastic; Sales Up

Revenue at Scholastic rose 2% in the third quarter, but a number of one-time charges led to a net loss of $22.1 million compared to a loss of $12.1 million in last year’s third quarter. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-03-26 00:00:00 UTC ]
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Elvis Costello will reportedly release a memoir this fall

Costello's book will be titled 'Unfaithful Music & Disappearing Ink' and will be published by Penguin. Continue reading at The Christian Science Monitor

[ The Christian Science Monitor | 2015-03-26 00:00:00 UTC ]
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Hodder wins twice at Peters Book of the Year Awards

Hodder is the big winner at this year’s Peters Book of the Year award, taking home book of the year for both the junior fiction and teen fiction categories.  A Room Full of Chocolate by Jane Elson and A Song For Ella Grey by David Almond, both published by Hodder, were announced as the Books of... Continue reading at The Bookseller

[ The Bookseller | 2015-03-25 00:00:00 UTC ]
More news stories like this | News stories tagged with: #big winner #room full #ella grey #david almond #catherine rayner


Johnston Press posts pre-tax loss of £23.9m

Regional newspaper publisher also unveils deal to print Richard Desmond’s four Express and Star titles in the north of EnglandJohnston Press has reported a pre-tax loss of £23.9m for last year, and announced a lucrative deal to print Richard Desmond’s Express and Star titles in the north of... Continue reading at The Guardian

[ The Guardian | 2015-03-25 00:00:00 UTC ]
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Egmont group's profits rise in 'best year ever'

Denmark-based Egmont Group said it achieved its “best year ever” in 2014, as pre-tax profit for the year totalled €127m (£92.5m), a 36% increase from 2013. All divisions recorded improvements in their underlying operations and overall revenues for 2014 grew 10% to €1.6bn (£1.2bn). Ebitda... Continue reading at The Bookseller

[ The Bookseller | 2015-03-24 00:00:00 UTC ]
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Controversy: Pearson Publishing Monitoring Students’ Twitter Posts

The New York Times reports that educational publisher Pearson has been “monitoring student media” to find possible "leaks" of the company's tests. The post Controversy: Pearson Publishing Monitoring Students’ Twitter Posts appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2015-03-20 00:00:00 UTC ]
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HMH Celebrating 100 Years of Best American Short Stories

Houghton Mifflin Harcourt is honoring the 100th birthday of its short fiction compilation Best American Short Stories with a special anniversary edition, edited by Lorrie Moore, called '100 Years of The Best American Short Stories.' Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-03-18 00:00:00 UTC ]
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Stirling's Struck is Romantic Novel of the Year

Joss Stirling’s Struck (Oxford University Press) has become the first YA novel to be awarded the prize for Romantic Novel of the Year by the Romantic Novelists’ Association (RNA). At the association's annual awards (RoNAs), held this evening (16th March) in London, Jill Mansell and Carole... Continue reading at The Bookseller

[ The Bookseller | 2015-03-17 00:00:00 UTC ]
More news stories like this | News stories tagged with: #association rna #romantic novelists #romantic fiction #jill mansell #carole matthews


Evans retiring from Transworld after 23 years

Linda Evans, senior editorial director at Transworld, is to retire in April after 23 years with the company.  Transworld publisher, Bill Scott-Kerr, paid tribute to her in a message to the company in which he called her “wonderful” and “redoubtable”. Continue reading at The Bookseller

[ The Bookseller | 2015-03-13 00:00:00 UTC ]
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Report: Alabama investigating possible elder abuse in connection with Harper Lee’s new novel

The news last month that Harper Lee would be publishing a second book was met with a brief blip of exultation followed by skepticism from fans of To Kill a Mockingbird. Continue reading at Stuff

[ Stuff | 2015-03-13 00:00:00 UTC ]
More news stories like this | News stories tagged with: #elder abuse #harper lee


Russia’s Year of Literature Fighting “Toughest Test in Decades”

Though 2015 is designated the Year of Literature to stimulate reading in Russia, the country’s book industry is facing its toughest test in decades. The post Russia’s Year of Literature Fighting “Toughest Test in Decades” appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2015-03-09 00:00:00 UTC ]
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Greek Literature Abroad: A Modern Odyssey (Part 2)

In the second of a two part investigation, literary agent Evangelia Avloniti considers the economic reasons why so little Greek literature is translated. The post Greek Literature Abroad: A Modern Odyssey (Part 2) appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2015-03-06 00:00:00 UTC ]
More news stories like this | News stories tagged with: #greek literature


Independent Bookshop of Year shortlists and winners revealed

The regional shortlists and winners of The Bookseller Industry Awards’ Independent Bookshop of the Year category, sponsored by Gardners Books, have been praised by the judging committee for their “creativity, passion and [for] demonstrating the very best the sector has to offer”. The judges —... Continue reading at The Bookseller

[ The Bookseller | 2015-03-06 00:00:00 UTC ]
More news stories like this | News stories tagged with: #year shortlists #year category #independent bookshop #regional shortlists #gardners books