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

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Pearson reveals launch titles for new indie Guppy Books

Bella Pearson talks to Charlotte Eyre about setting up her own children's publisher, Guppy Books, and its launch titles. Continue reading at The Bookseller

[ The Bookseller | 2019-02-18 00:00:00 UTC ]
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What's on TV: 'Far Cry,' 'Crackdown 3' and 'Umbrella Academy'

This week is a big one for streaming platforms, as Amazon premieres its documentary series uncovering the truth surrounding Lorena Bobbitt, and Netflix presents the first season of its comic book adaptation The Umbrella Academy. For gamers, Crackdown... Continue reading at Engadget

[ Engadget | 2019-02-12 00:00:00 UTC ]
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Business rates inquiry launched

The Treasury Committee has launched an inquiry into business rates, with the Booksellers Association calling for a "root and branch reform" of the business rates system to stop giving digital retailers an "unfair" advantage. Continue reading at The Bookseller

[ The Bookseller | 2019-02-09 00:00:00 UTC ]
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Rathbones Folio Prize increases prize money to £30,000

The Rathbones Folio Prize will increase its prize money to £30,000 after receiving renewed sponsorship. Continue reading at The Bookseller

[ The Bookseller | 2019-02-07 00:00:00 UTC ]
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Bella Pearson launches Oxford-based children’s publisher

Bella Pearson, the former publishing director at David Fickling Books, is launching her own company in Oxford, focusing on middle-grade and YA fiction. Continue reading at The Bookseller

[ The Bookseller | 2019-02-05 00:00:00 UTC ]
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BuzzFeed, Vice and other outlets slash jobs in a challenging market for digital media

When it debuted in 2006, BuzzFeed quickly became a social media sensation. Its listicles, quizzes and funny videos went viral and created a huge audience online. The New York-based start-up later hired hundreds of journalists to do serious journalism, creating a platform that many saw as the... Continue reading at Los Angeles Times

[ Los Angeles Times | 2019-02-03 00:00:00 UTC ]
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Former English teacher wins £10,000 Trapeze publishing contract

A former English teacher has won a £10,000 publishing contract with Trapeze as first prize in the ‘Write your own Love Story’ competition the publisher ran with dating website eharmony to celebrate the latter’s 10th anniversary. Continue reading at The Bookseller

[ The Bookseller | 2019-02-02 00:00:00 UTC ]
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Topping to open 4,000 sq ft branch in Edinburgh

Independent bookseller Topping & Company will open a new bookshop in central Edinburgh in 2019, with the Topping family saying the shop will be “the largest independent bookshop to open in the country for decades”. Continue reading at The Bookseller

[ The Bookseller | 2019-02-01 00:00:00 UTC ]
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The Guardian view on business and arts: cash without a voice | Editorial

Corporate sponsorship needs to steer clear of impinging on artistic freedomsNews that investment managers the Man Group is withdrawing its sponsorship from the Booker prize after 18 years has shocked the literary world. The hedge fund’s decision to move on was linked in the press to novelist... Continue reading at The Guardian

[ The Guardian | 2019-02-01 00:00:00 UTC ]
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Bertelsmann unveils 'Content Alliance' between its German businesses

As of the start of February, Bertelsmann is to launch what it is calling a Content Alliance between all its content businesses in Germany, to develop and market collaborative formats across all its divisions. Continue reading at The Bookseller

[ The Bookseller | 2019-01-30 00:00:00 UTC ]
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BuzzFeed loses 11 staff in Australia amid global job cuts

Reporter says every member of the news team received a letter about redundancies on Tuesday morningThe Australian arm of BuzzFeed will have to cut 11 staff as a global downsizing strategy targets 200 of the digital publisher’s international workforce.BuzzFeedOz news reporter Alice Workman said... Continue reading at The Guardian

[ The Guardian | 2019-01-29 00:00:00 UTC ]
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Future of digital journalism in question as Buzzfeed and HuffPost lay off 1,000

Job losses follow sales or cuts at Mic, Refinery29 and elsewhere, but publishing as a whole had already shrunk sharplyRevenue-per-click, the business strategy that has informed digital publishers for years, was effectively pronounced DOA this week as leading players in a sector once viewed as... Continue reading at The Guardian

[ The Guardian | 2019-01-27 00:00:00 UTC ]
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HarperCollins launches £20,000 Literacy Project grants for indies

HarperCollins has pledged £20,000 in grants for independent bookshops as part of its ongoing commitment to The Literacy Project.  Continue reading at The Bookseller

[ The Bookseller | 2019-01-25 00:00:00 UTC ]
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How publishers use influencers to grow commerce businesses

Publishers including Complex and Rooster Teeth are using influencers to attract audiences that can leverage infrastructure publishers have already built. The post How publishers use influencers to grow commerce businesses appeared first on Digiday. Continue reading at Digiday

[ Digiday | 2019-01-24 00:00:00 UTC ]
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Virago acquires fresh take on TS Eliot ahead of release of over 1,000 letters

Virago is publishing Eliot Among the Women by TS Eliot biographer Lyndall Gordon, a book exploring the impact of the women in Eliot's life on his work following the release of decades-confined correspondence. Continue reading at The Bookseller

[ The Bookseller | 2019-01-19 00:00:00 UTC ]
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Dream Jobs: Spotlight on Simon & Schuster's Masters at Work Series

More than career guides, these narrative portraits of professional lives let readers try on their dream jobs. (Sponsored) Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-01-18 00:00:00 UTC ]
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Pearson expects to report revenue dip, but profit growth, for 2018

Pearson has reported making "good financial and strategic progress in 2018", despite a small revenue fall during the year, saying in its January trading update that it expects to have halved net debt in 2018 and will deliver underlying profit growth of 8% at £540-£545m. Continue reading at The Bookseller

[ The Bookseller | 2019-01-17 00:00:00 UTC ]
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Imagine Children’s Festival gears up for 87,000 visitors

The Southbank Centre is expecting 87,000 visitors to this year's event, which will welcome authors and illustrators such as Cressida Cowell, Malorie Blackman, Chris Riddell, Jacqueline Wilson and David McKee. Continue reading at The Bookseller

[ The Bookseller | 2019-01-16 00:00:00 UTC ]
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After Stephen King Tweeted at a Maine Paper for Cutting Book Reviews, It Gave Readers a ‘Scary Good’ Offer

The Portland Press Herald in Maine said it would bring back its local book reviews if the author and his followers brought in 100 new subscriptions. They brought in twice that. Continue reading at The New York Times

[ The New York Times | 2019-01-14 00:00:00 UTC ]
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BA says Amazon ‘gaming system’ as £63m business rates bill revealed

The Bookseller's Assocation has warned Amazon is "gaming the system" and branded the business rates regime "unfair" yet again after it emerged the online retail giant paid £63m in business rates despite recording £8bn in UK sales. Continue reading at The Bookseller

[ The Bookseller | 2019-01-10 00:00:00 UTC ]
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