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

Other Publishing stories related to: 'Pearson reports £2.6bn loss for the year'

New Report Sees Gradual Decline in Book Spending

Given the state of flux in the book world, it can be dangerous to predict industry sales trends, but the private investment banking firm Veronis Suhler Stevenson has done just that in its latest annual report, the “VSS Communications Industry Forecast (2012–16).” Continue reading at Publishers Weekly

[ Publishers Weekly | 2012-09-28 00:00:00 UTC ]
More news stories like this | News stories tagged with: #book spending #book world

Further delay to Library Select Committee Report

The Select Committee Report into library closures will not be released until the end of October... Continue reading at The Bookseller

[ The Bookseller | 2012-09-27 00:00:00 UTC ]
More news stories like this | News stories tagged with: #library closures

Twitter Co-Founders' New Site, Medium, Will Open to Public in New Year

Twitter co-founder Evan Williams shares more details about his new publishing platform. Continue reading at AllThingsD

[ AllThingsD | 2012-09-25 00:00:00 UTC ]
More news stories like this | News stories tagged with: #publishing platform

25 years of asking, Where's Waldo?

Popular children's book character Waldo will soon be spotted in a lot more places around the world as his 25th anniversary kicks into gear.Where's Waldo? He won't be difficult to find once the 25th anniversary kicks off for the bespectacled, and beloved, children's book character. England will... Continue reading at Los Angeles Times

[ Los Angeles Times | 2012-09-20 00:00:00 UTC ]
More news stories like this | News stories tagged with: #popular children #book character #follow suit

Newspaper Jobs Shrink 40% In 10 Years

While plenty of industries have shrunk over the last couple years, few have been hit as badly as newspaper publishing, which was already contracting before the economic downturn began. Since then, economic woes have simply reinforced the long-term tr ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2012-09-19 00:00:00 UTC ]
More news stories like this | News stories tagged with: #couple years #newspaper publishing #long-term tr

PA half year: Fiction ebook sales increased 188%

Sales of digital fiction books increased by 188% in value terms in the first half of the year,... Continue reading at The Bookseller

[ The Bookseller | 2012-09-18 00:00:00 UTC ]
More news stories like this |

E-reader numbers 'set to rise 70%' this year

Publishers are readying themselves to respond to an explosion of e-reading devices in the UK in... Continue reading at The Bookseller

[ The Bookseller | 2012-09-10 00:00:00 UTC ]
More news stories like this | News stories tagged with: #e-reading devices

W&N to publish 100 years of New Statesman

Weidenfeld & Nicolson will publish a celebration of the New Statesman magazine’s 100th... Continue reading at The Bookseller

[ The Bookseller | 2012-09-03 00:00:00 UTC ]
More news stories like this | News stories tagged with: #weidenfeld nicolson

W H Smith reports high street book sales increase

W H Smith has announced that it expects full-year results to be at the top end of market... Continue reading at The Bookseller

[ The Bookseller | 2012-08-23 00:00:00 UTC ]
More news stories like this | News stories tagged with: #top end

Bertelsmann: Penguin/HC merger report is 'speculation'

Random House parent company Bertelsmann has called a report surfacing in the German media that it... Continue reading at The Bookseller

[ The Bookseller | 2012-08-23 00:00:00 UTC ]
More news stories like this | News stories tagged with: #german media

Manchester marks fifty years of Clockwork Orange

An exhibition to mark the 50th anniversary of the Anthony Burgess novel A Clockwork Orange opens... Continue reading at The Bookseller

[ The Bookseller | 2012-08-21 00:00:00 UTC ]
More news stories like this | News stories tagged with: #clockwork orange #anthony burgess

Pearson launching degree course

International publisher Pearson is setting up a college in the UK to teach degree courses, a first for a FTSE 100 company. Continue reading at BBC News

[ BBC News | 2012-08-14 00:00:00 UTC ]
More news stories like this |

News Corp Registers $1.6 Billion Fourth-Quarter Loss

Rupert Murdoch's News Corp has swung to a loss partly due to the weakness of its publishing business, which includes newspapers like the Times and the Sun. The fourth quarter net loss was $1.6bn (&pound;1bn) compared with a net income of $6 ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2012-08-08 00:00:00 UTC ]
More news stories like this | News stories tagged with: #rupert murdoch #net income

Report: consumers switch between print and ebooks

A new study by the Book Industry Study Group says readers are choosing both print and ebooks. Continue reading at The Christian Science Monitor

[ The Christian Science Monitor | 2012-08-02 00:00:00 UTC ]
More news stories like this | News stories tagged with: #consumers switch

Hooper report calls for 'copyright hub'

A government-commissioned report into the feasibility of developing a Digital Copyright Exchange... Continue reading at The Bookseller

[ The Bookseller | 2012-07-31 00:00:00 UTC ]
More news stories like this | News stories tagged with: #government-commissioned report

Denise Mina wins Crime Novel of the Year

Glaswegian writer Denise Mina has won the Theakston Old Peculier Crime Novel of the Year award... Continue reading at The Bookseller

[ The Bookseller | 2012-07-20 00:00:00 UTC ]
More news stories like this | News stories tagged with: #peculier crime

After Great Year, Scholastic Tries For Encore

Fiscal 2012 was a good year made great by The Hunger Games,” Scholastic chairman Dick Robinson told analysts in a conference call last Thursday to discuss results in the year ended May 31, in which sales rose 14%, to $2.15 billion, and net income jumped from $39.4 million to $102.4 million. The... Continue reading at Publishers Weekly

[ Publishers Weekly | 2012-07-20 00:00:00 UTC ]
More news stories like this | News stories tagged with: #great year #hunger games #conference call #book publishing #distribution group #trade division #digital editions

Brain Quest Celebrates 20 Years of Challenging Kids

For two decades, Brain Quest’s curriculum-based question-and-answer game has entertained kids – lots of them. Workman, which launched the line in 1992, reports sales of close to 37 million copies of Brain Quest editions for children at the pre-K through seventh grade levels. Continue reading at Publishers Weekly

[ Publishers Weekly | 2012-07-19 00:00:00 UTC ]
More news stories like this |