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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How 19 years of Amazon Prime has satisfied our need for speed

Just as Engadget was hitting publish on its first posts, I was putting a freshly minted English degree to use working at an indie bookshop in Los Angeles. In seemingly unrelated news, Amazon had just reported its first profitable year after switching from selling books to selling “everything”... Continue reading at Engadget

[ Engadget | 2024-03-08 14:15:57 UTC ]
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The UK’s Nibbies: Books of the Year Shortlists

Pre-London Book Fair: 72 shortlistings fall into 12 categories of 'Books of the Year' for the 2024 British Book Awards, the 'Nibbies.' The post The UK’s Nibbies: Books of the Year Shortlists appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2024-03-08 13:39:38 UTC ]
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Nielsen-GfK’s Pre-LBF ‘Global Book Market’ Report

The first outing for this Nielsen BookData-GfK study sees revenue up in many book markets, but rising prices contributing to that 2023 trend. The post Nielsen-GfK’s Pre-LBF ‘Global Book Market’ Report appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2024-03-07 18:44:01 UTC ]
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Bono's 'Surrender' Wins Audiobook of the Year at 2024 Audie Awards

At the 29th annual Audies, presented by the Audio Publishers Association and held in Los Angeles on March 4, winners across 27 categories were announced. The night's biggest honor, Audiobook of the Year, went to 'Surrender,' written and narrated by Bono. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-03-04 05:00:00 UTC ]
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Book Riot’s YA Book Deals of the Day for March 2, 2024

A punny television bakeoff, a gothic horror novel about biracial twins separated at birth, feminism for all, and more of today's best YA book deals. Continue reading at Book Riot

[ Book Riot | 2024-03-02 11:30:00 UTC ]
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Google sued for $2.3bn by European media groups over digital ad losses

Lawsuit filed by publishers including Axel Springer allege Google ‘abused its dominant position’ in digital ad-techAlphabet’s Google was hit with a €2.1bn ($2.3bn) lawsuit by 32 media groups including Axel Springer and Schibsted on Wednesday, alleging that they had suffered losses due to the... Continue reading at The Guardian

[ The Guardian | 2024-02-28 19:24:36 UTC ]
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Tumblr and WordPress posts will reportedly be used for OpenAI and Midjourney training

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[ Engadget | 2024-02-27 20:56:31 UTC ]
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U.K. Publishing Spotlight: DK Celebrates 50 Years

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[ Publishers Weekly | 2024-02-23 05:00:00 UTC ]
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12 Brilliant Short Stories by Black Writers to Read Year-Round

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[ Electric Literature | 2024-02-22 12:00:00 UTC ]
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Asian American Book Club Launches with Lunar New Year Party

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[ Publishers Weekly | 2024-02-16 05:00:00 UTC ]
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Starting this year, the National Book Awards will be open to non-citizens.

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[ Literrary Hub | 2024-02-15 15:30:03 UTC ]
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GLAAD's first annual gaming report is here to tell us how gay games are

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[ Engadget | 2024-02-13 14:00:21 UTC ]
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From the Stage to the Page: 10 Years In, Z2 Comics Rocks On

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[ Publishers Weekly | 2024-02-13 05:00:00 UTC ]
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These books were challenged at Ottawa's libraries last year

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[ CBC | 2024-02-10 09:00:00 UTC ]
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Toronto breaks 86-year temperature record as unseasonable warmth hits

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[ CBC | 2024-02-09 17:27:50 UTC ]
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The Netherlands in Taiwan: 400 Years of Shared History

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[ Publishing Perspectives | 2024-02-08 22:24:46 UTC ]
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[ The New York Times | 2024-02-08 14:22:44 UTC ]
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[ The New York Times | 2024-02-03 10:02:42 UTC ]
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