Pearson to axe 3,000 jobs after slump at main US business

Cost-cutting move aims to save educational publisher around £300m a year with a 10% cut in global staff after biggest loss in history in 2016Pearson is to cut 3,000 jobs as the embattled company looks to slash costs after a slump at its US higher education business.The world’s largest education company, which has issued five profit warnings in the last four years, intends to cut about 10% of its 32,000 global workforce. Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2017-08-04 00:00:00 UTC ]
News tagged with: #profit warnings

Other Publishing stories related to: 'Pearson to axe 3,000 jobs after slump at main US business'

The Coronavirus Continues to Disrupt the Book Business

For the second time in two weeks, the new coronavirus has forced the cancellation of a major international book publishing conference—and made clear to publishers that these issues aren't going anywhere for a while. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-03-13 04:00:00 UTC ]
More news stories like this | News stories tagged with: #book business

W H Smith issues £40m profit warning as coronavirus hits travel business

W H Smith has warned the impact of the coronavirus outbreak could cut its profit by up to £40m as the pandemic hits its Travel business.  Continue reading at The Bookseller

[ The Bookseller | 2020-03-12 09:57:11 UTC ]
More news stories like this | News stories tagged with: #coronavirus outbreak #pandemic hits #travel business #w h smith

Budget set to grant temporary business rates relief for high street

Chancellor Rishi Sunak is expected to announce temporary relief from business rates for high-street shops at his first Budget today. Continue reading at The Bookseller

[ The Bookseller | 2020-03-11 06:20:53 UTC ]
More news stories like this | News stories tagged with: #high street #business rates

For Midwest Booksellers, It's Business as Usual Despite Coronavirus Fears

Midwest booksellers and the two regionals representing them report that business is usual despite coronavirus fears, although booksellers are minimizing physical contact between visiting authors and their fans. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-03-11 04:00:00 UTC ]
More news stories like this | News stories tagged with: #midwest booksellers #coronavirus fears

Under quarantine in South Korea? You can now read 50,000 books for free.

This week, amid a deluge of vaguely horrifying, opportunistic-seeming quarantine-related reading lists, here’s something that seems genuinely good: a South Korean e-book startup is waiving its subscription fee for coronavirus patients and people under quarantine in the country. “We hope that... Continue reading at Literrary Hub

[ Literrary Hub | 2020-03-10 16:59:11 UTC ]
More news stories like this | News stories tagged with: #south korea #e-book

Aging Media Network Serves Senior Care Professionals, But Its Business Model Is Young at Heart

[caption id="attachment_162389" align="alignright" width="270"] John Yedinak[/caption] John Yedinak, CEO of Aging Media Network, jokingly refers to himself as a college dropout who went to work with his “really smart brother,” George, to try and make his own business work. Yet the company the... Continue reading at Folio Magazine

[ Folio Magazine | 2020-03-10 15:10:55 UTC ]
More news stories like this | News stories tagged with: #biggest challenge #positive note #media entrepreneur #publishing right #publishing industry

How to give yourself a better job, when quitting feels like your only option (and you can’t quit)

Dave Evans, coauthor of the new book Designing Your Work Life, explains how he advises professionals to redesign their work lives. In 2007, Dave Evans & Bill Burnett cofounded the Stanford Life Design Lab where they teach the enormously popular course “Designing Your Life” that inspired... Continue reading at Fast Company

[ Fast Company | 2020-03-10 10:00:26 UTC ]
More news stories like this | News stories tagged with: #work life #work lives #make life #ve received #bestselling book

Stephen King attacks axing of Woody Allen book

Writer ‘uneasy’ over US publisher’s decision to drop director’s memoirAuthor Stephen King has hit out at publisher Hachette over its decision to drop publication of Woody Allen’s memoir after a protest from his son, the author Ronan Farrow, prompted a walkout of staff at the publishing group’s... Continue reading at The Guardian

[ The Guardian | 2020-03-08 08:10:29 UTC ]
More news stories like this | News stories tagged with: #woody allen #york office #horror writer #hachette #memoir #publisher hachette

Coronavirus: The Brussels Book Fair Is Open for Business

Unlike many publishing trade shows, fairs, and festivals, the Brussels Book Fair has been able to start its run on time this week–with medical personnel on-site and a careful eye on the coronavirus. Editor’s note: A bright spot among so many stories of canceled and postponed publishing events,... Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2020-03-06 16:30:49 UTC ]
More news stories like this | News stories tagged with: #post coronavirus #business appeared #bright spot #book business #book fair

More Than 50 AAP Reporters Likely to be Offered Jobs at News Corp and Nine Amid Closure

More than 50 Australian Associated Press journalists are likely to be offered jobs at News Corp Australia and Nine Entertainment as the Continue reading at Editor & Publisher

[ Editor & Publisher | 2020-03-04 19:15:48 UTC ]
More news stories like this | News stories tagged with: #offered jobs #amid closure #press journalists #news corp

More than 50 AAP reporters likely to be offered jobs at News Corp and Nine amid closure

Around 200 journalists are set to be made redundant by the shock closure, which will hit the industry hardMore than 50 Australian Associated Press journalists are likely to be offered jobs at News Corp Australia and Nine Entertainment as the two media giants look to boost staff ranks after... Continue reading at The Guardian

[ The Guardian | 2020-03-04 09:33:19 UTC ]
More news stories like this | News stories tagged with: #press journalists #offered jobs #amid closure #made redundant #told staff #news corp

5 Questions for Kristen O’Hara, Chief Business Officer of Hearst Magazines

This January, former Snap Inc. exec Kristen O'Hara joined Hearst Magazines as senior vice president and chief business officer. We caught up with O'Hara to learn about her top priorities in the newly created role. Continue reading at Publishing Executive

[ Publishing Executive | 2020-03-03 20:09:05 UTC ]
More news stories like this | News stories tagged with: #hearst magazines #top priorities #hearst

Fitzcarraldo Editions, Giramondo and New Directions launch $10,000 Novel Prize

Fitzcarraldo Editions, Giramondo and New Directions are launching The Novel Prize, a $10,000 biennial award for book-length fiction by published or unpublished authors. Continue reading at The Bookseller

[ The Bookseller | 2020-03-02 09:34:44 UTC ]
More news stories like this | News stories tagged with: #fitzcarraldo editions #unpublished authors

Get a Job, Kid

In Cynthia L. Copeland’s graphic memoir “Cub,” an awkward seventh grader finds deliverance as a reporter for her local newspaper. Continue reading at The New York Times

[ The New York Times | 2020-02-28 21:03:07 UTC ]
More news stories like this | News stories tagged with: #local newspaper #graphic memoir

‘Surreal immediacy’: how a 1,000-page novel became a 45-hour audiobook

Lucy Ellmann’s Ducks, Newburyport has attracted much attention for its length, but one publisher believes the spoken word might be its perfect mediumFinishing a good book should leave you feeling bereft for a little while, but it’s rare to leave a novel with your brain vibrating at a different... Continue reading at The Guardian

[ The Guardian | 2020-02-28 14:00:18 UTC ]
More news stories like this | News stories tagged with: #spoken word #shortlisted titles #audio publisher #good book

Ex-Baltimore Mayor Catherine Pugh Sentenced To 3 Years In Children's Book Scam

Fraud involving the former mayor's "Healthy Holly" books generated more than $850,000, prosecutors said. Continue reading at HuffPost

[ HuffPost | 2020-02-27 19:47:47 UTC ]
More news stories like this | News stories tagged with: #healthy holly #children's book

Endeavor Business Media Tacks on Two More Events

Two-year-old Endeavor Business Media announced yet another deal on Wednesday, acquiring Agora Communications—parent company of the Smart Water Summit and Smart Utility Summit, a pair of three-day conferences held annually in Ponte Vedra, Fla. Terms of the deal were not disclosed. The Endeavor... Continue reading at Folio Magazine

[ Folio Magazine | 2020-02-27 19:23:54 UTC ]
More news stories like this | News stories tagged with: #clarion events #events appeared #informa plc

3 Qualities Advertisers Seek in a Publishing Partner

An inside look at what advertisers look for when selecting print and digital publisher partners. By Kevin Rehberg, Vice President, Continue reading at Editor & Publisher

[ Editor & Publisher | 2020-02-27 18:23:48 UTC ]
More news stories like this | News stories tagged with: #publishing partner #vice president #digital publisher

Pearson Earned £65 Million In Profits from Its PRH Stake in 2019

Pearson’s 25% stake in Penguin Random House earned the company £65 million in operating profit in 2019. Pearson has sold its 25% share of PRH to Bertelsmann in a deal expected to generated net proceeds of $675 million when the transaction closes. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-02-21 05:00:00 UTC ]
More news stories like this | News stories tagged with: #bertelsmann #pearson #penguin random house

Global revenues dip at S&S but UK business sees 'turning point'

Simon & Schuster’s global revenues for 2019 fell 1% to $814m, with a 7% decline in operating income, parent firm ViacomCBS has said. Continue reading at The Bookseller

[ The Bookseller | 2020-02-20 22:25:14 UTC ]
More news stories like this | News stories tagged with: #turning point #simon schuster #global revenues #7% decline #operating income