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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The Book Behind ‘American Fiction’ Came Out 23 Years Ago. It’s Still Current.

The movie, with its handful of Oscar nominations, has refocused attention on “Erasure,” a satire of the literary world and its racial biases. Continue reading at The New York Times

[ The New York Times | 2024-02-03 10:02:42 UTC ]
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How many people die each year in jails and prisons? No one knows

As Jay D. Aronson and Dr. Roger A. Mitchell explore in their recent book 'Death in Custody,' that lack of data is a national problem. Continue reading at Los Angeles Times

[ Los Angeles Times | 2024-02-02 20:19:44 UTC ]
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Amazon Turns $2.7 Billion Loss in 2022 to a Profit of $30 Billion in 2023

A strong holiday shopping season, an improved fulfillment operation, and cost cuts including an estimated 27,000 layoffs resulted in a $30 billion profit for Amazon in 2023 following a loss of $2.7 billion in 2022. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-02-02 05:00:00 UTC ]
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The Week in Libraries: February 2, 2024

Among the week's headlines: PLA 2024 is next on the library conference calendar; Alabama takes aim at ALA; and Georgia proposes a book rating law. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-02-02 05:00:00 UTC ]
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Simon & Schuster Opens Its 100th Anniversary Year

Simon & Schuster kicks off its centenary year with a curated selection of 100 books from its 100 years and special programming ahead. The post Simon & Schuster Opens Its 100th Anniversary Year appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2024-01-31 17:56:56 UTC ]
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Open Road Integrated Media Has ‘Transformational’ Year

More titles, publishers, and services led to record revenue in 2023 at the digital marketing company, said CEO David Steinberger. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-01-24 05:00:00 UTC ]
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Bombardier unveils new private jet assembly plant at Pearson airport

The Canadian aerospace firm Bombardier is in the midst of moving its aircraft assembly plant from Downsview Park to Pearson Airport, and CBC Toronto got a sneak peak of the new facility.  Continue reading at CBC

[ CBC | 2024-01-23 10:00:49 UTC ]
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Call of Duty didn’t top the yearly sales charts for one of the first times since 2009

Just like death and taxes, you can usually rely on a Call of Duty game to top the sales charts each year. The various entries in Activision’s warfare simulation franchise have mostly done just that, going all the way back to 2009. This year’s a bit different. Call of Duty: Modern Warfare III has... Continue reading at Engadget

[ Engadget | 2024-01-18 19:16:41 UTC ]
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Illustrated Edition of THE HUNGER GAMES Coming Later This Year

Scholastic has announced that an illustrated edition of THE HUNGER GAMES is coming out later this year. Here are the details. Continue reading at Book Riot

[ Book Riot | 2024-01-18 16:47:28 UTC ]
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Morgan Entrekin on ‘That 30-Year-Old Hanging Out’ at Frankfurt

Grove Atlantic CEO and publisher Morgan Entrekin talks about the value of Frankfurter Buchmesse for young professionals. The post Morgan Entrekin on ‘That 30-Year-Old Hanging Out’ at Frankfurt appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2024-01-18 16:07:13 UTC ]
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Katherine Min was ahead of her time. Four years after her death, her second novel proves it

Katherine Min's Korean American debut novel was ignored. After she died in 2019, publishers worked to put out her second novel, 'The Fetishist.' Continue reading at Los Angeles Times

[ Los Angeles Times | 2024-01-18 11:00:57 UTC ]
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Religion Book Sales Up 1.2% in October, 7.1% Year-to-Date

Sales of religious print books remain solid through October, offsetting slow digital sales. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-01-17 05:00:00 UTC ]
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The best tech support helplines for seniors (according to my 73-year-old mom)

Engadget readers like yourself are probably more tech savvy than the average person. That means you may get roped into helping older family members with email woes, new phone setups, or deciphering if a message is legit or a phishing scam. In my family, I’ve become my mother’s unofficial IT... Continue reading at Engadget

[ Engadget | 2024-01-15 14:00:13 UTC ]
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Audible reportedly lays off over 100 employees

If you thought Big Tech’s dreadful year of layoffs would be confined to 2023, you’re (sadly) mistaken. Audible laid off around five percent of its employees on Thursday, which Variety reports is “just over 100 staffers.” The cuts in the audiobook division are part of parent company Amazon’s most... Continue reading at Engadget

[ Engadget | 2024-01-11 22:00:11 UTC ]
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East Coast, Southern, and Chain Bookstores Report Strong Holiday Sales

Stores on the East Coast, in the South, and two chains, Half-Price Books and Kinokuniya, reported strong sales over the holidays and through much of 2023. Romantasy, prize winners and nominees, and books promoted on social media continue to dominate. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-01-11 05:00:00 UTC ]
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The $2,000 ASUS ZenScreen Fold solves the biggest issue with portable monitors

When I’m away from home and don’t have access to my big desktop displays, it feels like I’m missing a limb. Unfortunately, there’s a limit to how big a portable monitor can really be. After a certain point, it’s not going to fit in a reasonably sized bag. ASUS’s ZenScreen Fold solves that... Continue reading at Engadget

[ Engadget | 2024-01-10 20:40:09 UTC ]
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Midwestern Booksellers Report a Strong Finish to the 2023 Holiday Season

Thanks to mild weather and a strong economy, December sales at bookstores across the Midwest were up, with booksellers reporting increases ranging from 13% to 31%. Adult fiction and political nonfiction were popular, as were children's picture books. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-01-09 05:00:00 UTC ]
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