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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Indigo Had C$49 Million Loss in Fiscal 2023 on Small Sales Decline

Indigo Books & Music, Canada's leading book retailer, reported that retail sales improved, as the company recovered from pandemic-era lockdowns, but online sales suffered, due in part to a cyberattack earlier this year. Markus Dohle has also joined the company board. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-06-27 04:00:00 UTC ]
More news stories like this | News stories tagged with: #markus dohle #company board

End-of-Year Celebrations That Rock

With the school year winding down, we spoke with three educators about how they help their students look back on what they've learned—and forward to a summer of possibilities—with special end-of-year celebrations. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-06-26 04:00:00 UTC ]
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Bookforum is back! After folding last year, the beloved lit mag is revived by the Nation

Six months after the beloved literary magazine Bookforum announced its December 2022 issue would be its last, the Nation announced its resurrection. Continue reading at Los Angeles Times

[ Los Angeles Times | 2023-06-24 00:21:58 UTC ]
More news stories like this | News stories tagged with: #literary magazine

Report: Abu Dhabi’s Mubadala Backs the Hurowitz S&S Bid

Richard Hurowitz's reported bid for Simon & Schuster is said to be backed by the Abu Dhabi sovereign wealth manager Mabudala. The post Report: Abu Dhabi’s Mubadala Backs the Hurowitz S&S Bid appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2023-06-22 17:01:36 UTC ]
More news stories like this | News stories tagged with: #post report #abu dhabi #richard hurowitz #simon schuster

A rare Maurice Sendak story will be published next year.

Almost 60 years after the publication of Where The Wild Things Are (November 23 will mark the rumpus), the world is getting a new children’s book from the late Maurice Sendak. HarperCollins Publishers will be releasing Ten Little Rabbits: A Counting Story with Mino the Magician, a count-along... Continue reading at Literrary Hub

[ Literrary Hub | 2023-06-22 13:53:52 UTC ]
More news stories like this | News stories tagged with: #wild things #harpercollins publishers #harpercollins #children’s book

The biggest Steam update in years just arrived. Here’s what’s new

Steam is the world’s most popular platform for PC games and a bedrock of the industry. But if you compare the Steam of today with, say, the Steam of ten years ago, surprisingly little has changed. Or surprisingly little had changed, because Steam just released one of its biggest updates in... Continue reading at PC World

[ PC World | 2023-06-15 14:35:55 UTC ]
More news stories like this | News stories tagged with: #quick access #web browser #massive update #libraries

Wiley to Restructure After Challenging Year

With results down in fiscal 2023, Wiley announced that it will offload non-core assets in fiscal 2024 and focus on its research and learning groups. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-06-15 04:00:00 UTC ]
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In Lorrie Moore's first novel in 14 years, 2016's chaos becomes a wild metaphysical trip

Lorrie Moore's fourth novel, 'I Am Homeless If This is Not My Home,' follows a grieving man through the chaos of 2016 and some wondrous metaphysical byways. Continue reading at Los Angeles Times

[ Los Angeles Times | 2023-06-14 13:00:25 UTC ]
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How a round-the-clock team turned the Jan. 6 Report into recorded history in 26 hours

The Jan. 6 Report could be reprinted or recorded by any publisher. So when Macmillan Audio got the draft, the race unfolded with the precision of a heist film. Continue reading at Los Angeles Times

[ Los Angeles Times | 2023-06-13 13:00:31 UTC ]
More news stories like this | News stories tagged with: #recorded history #macmillan audio #macmillan

March StatShot: US Book Industry Up 3.2 Percent Year-to-Date

The AAP StatShot figures for March 2023 arrive with trade revenues up 0.2 percent for the month of March, 1.1 percent year-to-date. The post March StatShot: US Book Industry Up 3.2 Percent Year-to-Date appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2023-06-09 16:06:34 UTC ]
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Barnes & Noble’s ‘Best Books of the Year So Far’ List Is Here, and It’s Got Something For Everyone

Barnes & Noble just released their "Best Books of the Year (So Far)", and the list is full of surprises. Continue reading at Book Riot

[ Book Riot | 2023-06-05 11:00:00 UTC ]
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In Paris, BIEF Celebrates Its 150th Year: ‘Open Marketplace’

With its Paris Book Market opening today, BIEF is observing 150 years of its service to French publishing in the international industry. The post In Paris, BIEF Celebrates Its 150th Year: ‘Open Marketplace’ appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2023-06-02 17:27:52 UTC ]
More news stories like this | News stories tagged with: #open marketplace #international industry #french publishing #book market

The Week in Libraries: June 2, 2023

Among the week's headlines: a library-led coalition has filed a lawsuit challenging a new Arkansas law that exposes librarians and booksellers to criminal prosecution for making allegedly inappropriate books available, while a new 'harmful to minors' rule in Missouri is causing confusion and... Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-06-02 04:00:00 UTC ]
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Bloomsbury reports sales surge as people buy books as ‘affordable diversion’

Harry Potter publisher says in challenging economic times books are seen as cheap form of entertainmentBloomsbury Publishing, the home of Harry Potter, has revealed a rise in annual sales as it said people were turning to books as a cheap form of entertainment as finances were squeezed.Sales of... Continue reading at The Guardian

[ The Guardian | 2023-05-31 13:38:54 UTC ]
More news stories like this | News stories tagged with: #annual sales #bestselling children #latest work #crescent city #originally published #nielsen bookscan #children’s book #harry potter

Publishing Sales Finished 2.6% Below 2021 Last Year

A 16% increase in sales in the pre-K–12 educational materials segment helped to counter declines in the other major categories, resulting in total publishing sales of $28.1 billion in 2022, the Association of American Publishers reported. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-05-31 04:00:00 UTC ]
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Bruce Lehrmann drops defamation case and settles with News Corp over Brittany Higgins reports

The two parties reportedly settled with News Corp saying it had not paid any damages and the articles in dispute would remain onlineFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastBruce Lehrmann has discontinued... Continue reading at The Guardian

[ The Guardian | 2023-05-30 04:40:11 UTC ]
More news stories like this | News stories tagged with: #latest updatesget #free app #brittany higgins #media company #legal costs #news corp

Good news: there are more bookstores in the US this year than last.

Today in good news, the American Booksellers Association announced that membership is at its highest level in 20 years. Per reporting by Hillel Italie at the Associated Press: The ABA added 173 members last year, and now has 2,185 bookstore businesses and 2,599 locations. Three years after the... Continue reading at Literrary Hub

[ Literrary Hub | 2023-05-22 15:55:36 UTC ]
More news stories like this | News stories tagged with: #highest level #pandemic shut #bookstore #american booksellers association

U.S. Book Show 2023: Midtown Scholar, Emily Bates Named PW Bookstore, Rep of the Year

In a virtual awards show, 'PW' editorial director Jim Milliot named Midtown Scholar in Harrisburg, Pa., the Bookstore of the Year and PRH's Emily Bates the Sales Rep of the Year. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-05-22 04:00:00 UTC ]
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'New York Times' reports slower digital subscription growth and weakening ad revenue

The paper has been a bright spot for digital media despite falling ad revenue and a slowing growth rate for new subscribers Continue reading at Crains New York

[ Crains New York | 2023-05-10 18:44:39 UTC ]
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Here are this year’s Pulitzer Prize winners.

The winners and nominated finalists of the 107th Pulitzer Prizes were announced today via remote video stream. The winners each take home $15,000 dollars and serious bragging rights, not to mention an instant ticket into a very illustrious club. The full list of winners and nominated finalists... Continue reading at Literrary Hub

[ Literrary Hub | 2023-05-08 20:08:40 UTC ]
More news stories like this | News stories tagged with: #announced today #bragging rights #full list #pulitzer prize