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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Industry Notes: Italy’s PubCoder 3 Is in Beta; HarperCollins Children’s Is in Deal With Wattpad

Italy's PubCoder announces a beta edition of its third iteration, while HarperCollins Children's Books looks to Canada's Wattpad for new content and talent. The post Industry Notes: Italy’s PubCoder 3 Is in Beta; HarperCollins Children’s Is in Deal With Wattpad appeared first on Publishing... Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2017-07-31 00:00:00 UTC ]
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My Job in 5: Jen Garside

Jen Garside from HarperCollins Publishers tells us all about her role as digital projects executive. Continue reading at The Bookseller

[ The Bookseller | 2017-07-29 00:00:00 UTC ]
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Laurene Powell Jobs Buys Majority Stake in the Atlantic

Laurene Powell Jobs's Emerson Collective has agreed to acquire a majority stake in the Atlantic, the iconic political and cultural magazine that has also become a force in digital publishing.Powell Jobs, the 53-year-old widow of Apple co-founder Steve Jobs, is buying the stake from Atlantic... Continue reading at Advertising Age

[ Advertising Age | 2017-07-28 00:00:00 UTC ]
More news stories like this | News stories tagged with: #majority stake #digital publishing #national journal #government executive


Self-published archaeological thriller takes £20,000 Amazon award

The Relic Hunters by David Leadbeater is inaugural winner of online retailer’s DIY publishing prizeThe writer David Leadbeater has struck gold with his self-published archaeological thriller, The Relic Hunters, scooping up the first Amazon Kindle Storyteller award.Leadbeater pronounced it “a... Continue reading at The Guardian

[ The Guardian | 2017-07-28 00:00:00 UTC ]
More news stories like this | News stories tagged with: #relic hunters #david leadbeater #inaugural winner #online retailer #struck gold


BBC's 'Saturday Review' saved from the axe

The BBC has backtracked on plans to axe "Saturday Review", its cultural discussion programme presented by Tom Sutcliffe on Radio 4. Continue reading at The Bookseller

[ The Bookseller | 2017-07-27 00:00:00 UTC ]
More news stories like this | News stories tagged with: #saturday review


‘We’re building an end-to-end solution’: Bloomberg wants in on the agency business

With branded content hard to do profitably, publishers including Atlantic Media and Bloomberg Media are trying to offer strategic services on a retainer basis. The post ‘We’re building an end-to-end solution’: Bloomberg wants in on the agency business appeared first on Digiday. Continue reading at Digiday

[ Digiday | 2017-07-19 00:00:00 UTC ]
More news stories like this | News stories tagged with: #bloomberg media #agency business


The Internationalist Viewpoint: A Report on ‘The Business of Books’

'A brutal pattern has become firmly established,' reads the new Frankfurt Book Fair Business Club white paper on the international industry. The post The Internationalist Viewpoint: A Report on ‘The Business of Books’ appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2017-07-17 00:00:00 UTC ]
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3 dead in fire at Honolulu high-rise with no sprinklers

At least three people died and 12 were injured Friday in a fire at a Honolulu high-rise that was not equipped with sprinklers, authorities said, and hundreds fled the giant condominium complex as smoke billowed from the upper floors. The dead were found on the 26th floor, where the fire broke... Continue reading at Los Angeles Times

[ Los Angeles Times | 2017-07-15 00:00:00 UTC ]
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For Marijuana Venture, Cannabis Cultivation is Serious Business

How an eight-page newsletter grew into a 200-page monthly magazine in less than three years. The post For Marijuana Venture, Cannabis Cultivation is Serious Business appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2017-07-14 00:00:00 UTC ]
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Connecticut Mom Jumps Into the Print Magazine Business

If all goes according to plan this summer, Daisy Beach, 10, and Lucy Beach, 12, will have quite the "How I Spent My Summer" presentation to share with their Wilton, Ct. classmates. Per a write-up in Hearst-owned daily newspaper The Norwalk Hour, their mom, Sarah, is looking to lift off a... Continue reading at AdWeek

[ AdWeek | 2017-07-13 00:00:00 UTC ]
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Pearson picks up $1bn from Penguin – but no treat for investors | Nils Pratley

The education business sold nearly half its stake in the publisher to Bertelsmann, but much of the proceeds will be reinvestedPearson is still going to own a quarter of Penguin Random House, so it’s not too late to hope that it can learn to tell a story like it is. Please, drop this bland... Continue reading at The Guardian

[ The Guardian | 2017-07-12 00:00:00 UTC ]
More news stories like this | News stories tagged with: #22% stake #$1bn


Pearson to sell 22% stake in Penguin Random House

Pearson has agreed to sell 22% of its stake in Penguin Random House (PRH) to co-shareholder Bertelsmann, valuing the publisher at $3.55bn (£2.76bn). The deal means Bertelsmann will increase its control over the publisher, owning a 75% stake, while Pearson will own the remaining 25%. The deal is... Continue reading at The Bookseller

[ The Bookseller | 2017-07-11 00:00:00 UTC ]
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Pearson sells slice of Penguin for $1bn

The beleaguered FTSE 100 firm strengthens balance sheet by selling a 22% stake to Bertelsmann in deal valuing the publishing giant at $3.55bn Pearson has sold a 22% stake in Penguin Random House, the world’s biggest publisher, with titles ranging from Fifty Shades of Grey, Jamie Oliver and The... Continue reading at The Guardian

[ The Guardian | 2017-07-11 00:00:00 UTC ]
More news stories like this | News stories tagged with: #deal valuing #publishing giant #biggest publisher #titles ranging #fifty shades #jamie oliver #profit warnings


Pearson sells 22% stake in Penguin Random House

Shares in the publishing firm rise after it says the sale will raise about $1bn (£776m). Continue reading at BBC News

[ BBC News | 2017-07-11 00:00:00 UTC ]
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Company spotlight: Dunlop on A&B's 50-year business

Allison & Busby, which recently celebrated five decades in business, has struck a rich niche in crime and saga series which sell and sell to their devoted fans. Continue reading at The Bookseller

[ The Bookseller | 2017-07-10 00:00:00 UTC ]
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The lucrative business of science publishing | Letters

Readers discuss the pros and cons of open access to scientific journalsStephen Buranyi’s article on the lucrative business of academic publishing does not go far enough (How Robert Maxwell turned science publishing into a money machine, 27 June). At least academic researchers have access to... Continue reading at The Guardian

[ The Guardian | 2017-07-10 00:00:00 UTC ]
More news stories like this | News stories tagged with: #full report #scientific publishing #learned societies #university presses


Library desk rentals a 'business opportunity' says Taskforce chief

The chief executive of the Libraries Taskforce, Kathy Settle, has waded into the debate about desk space rentals, saying it is a "business opportunity" for the sector. Continue reading at The Bookseller

[ The Bookseller | 2017-07-07 00:00:00 UTC ]
More news stories like this | News stories tagged with: #business opportunity #libraries taskforce #kathy settle


Is the big business of scientific publishing bad for science? – podcast

It is an industry like no other, with profit margins to rival Google – and it was created by one of Britain’s most notorious tycoons: Robert Maxwell• Read the text version hereSubscribe via Audioboom, iTunes, Soundcloud, Mixcloud, Acast & Sticher and join the discussion on Facebook and... Continue reading at The Guardian

[ The Guardian | 2017-07-07 00:00:00 UTC ]
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Will Writing That E-Book Really Boost Your Business?

Self-published authors share what they wish they’d known from the beginning. If you haven’t written a book yet, you probably know someone who has—particularly if you’re an entrepreneur. A recent industry report found ISBN registrations for self-published titles have grown more than 375% since... Continue reading at Fast Company

[ Fast Company | 2017-07-06 00:00:00 UTC ]
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Print Units Up 3% in First Half of 2017

Unit sales of print books rose 3% for the first six months of 2017 compared to the first half of last year at outlets that report to NPD BookScan. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-07-06 00:00:00 UTC ]
More news stories like this | News stories tagged with: #print units