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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Apple's ebook business is no longer under scrutiny

Three years ago, the Department of Justice brought Apple, and major publishers, to book for trying to maintain the prices at which ebooks could be sold. As part of its punishment, the firm had to suffer the presence of a court-approved monitor, Mi... Continue reading at Engadget

[ Engadget | 2015-10-13 00:00:00 UTC ]
More news stories like this | News stories tagged with: #ebook business #major publishers


Sherman’s to Buy Maine Coast Book Shop

Sherman’s Books, with five stores in Maine, is about to add one more in Damariscotta. With the purchase, the mini-regional chain will also take a new name and become Sherman's Maine Coast Book Shops. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-10-13 00:00:00 UTC ]
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Random's Edition of 'Rabbit' Sells 10,000 Copies in Two Days

Random House Children’s Books’ edition of 'The Rabbit Who Wants to Fall Asleep' sold just over 10,000 copies in its first two days on sale, according to data from Nielsen BookScan which tracks about 85% of all print sales. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-10-09 00:00:00 UTC ]
More news stories like this | News stories tagged with: #fall asleep #nielsen bookscan #print sales


James Patterson to Give Indies a $250,000 Bonus

After offering $1 million in grants to indies last year, the bestselling author is continuing to show his support for bookseller "heroes" through holiday bonuses to those working on the frontline, ranging from $1,000 to $5,000. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-10-07 00:00:00 UTC ]
More news stories like this | News stories tagged with: #give indies #james patterson #bestselling author #holiday bonuses


3M Sells Library Business to Bibliotheca; ProQuest Buys Ex Libris

3M has sold its North American and global library businesses—including 3M Cloud Library, 3M’s upstart ebook lending service—to global library solutions company Bibliotheca. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-10-06 00:00:00 UTC ]
More news stories like this | News stories tagged with: #north american


My Job In 5: John Chrimes, Freelance ELT writer

Describe your role I create content for English Language Teaching learning materials including course books, apps and online materials. I produce general titles for adults and teenagers to more specialised content for university students for naval officers and sales managers. I mostly write to... Continue reading at The Bookseller

[ The Bookseller | 2015-10-03 00:00:00 UTC ]
More news stories like this | News stories tagged with: #create content #university students #years ahead


Humanoids Expands Film Adaptation Business

A move from Paris to Los Angeles has bolstered graphic novel publisher Humanoids's standing in the film world. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-10-02 00:00:00 UTC ]
More news stories like this | News stories tagged with: #publisher humanoids


Business Brisk at 2015 Beijing International Book Fair

The five-day show boasted more exhibitors and more deals than in previous years. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-10-02 00:00:00 UTC ]
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Suit Against Pearson Education Over Royalties Moves Ahead

A New York court has ruled that two textbook authors can proceed with a class action case against Pearson Education for failing to pay proper royalties. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-10-02 00:00:00 UTC ]
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Editor’s Picks: 3 Reasons Why Magazine Marketers and Audience Development Pros Need To Be at the Folio: Show

As consumers scatter across an increasingly fractured media landscape, it’s getting harder to attract and keep them, let alone identify them. The post Editor’s Picks: 3 Reasons Why Magazine Marketers and Audience Development Pros Need To Be at the Folio: Show appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2015-09-30 00:00:00 UTC ]
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Why Business Insider won

Axel Springer's $343 million purchase of Business Insider set a new bar for digital publishing deals. Snark about BI's editorial content aside, the deal offers a few lessons for digital media: Size matters if you're going to be an advertising play. BI got big fast with clickable content that... Continue reading at Digiday

[ Digiday | 2015-09-30 00:00:00 UTC ]
More news stories like this | News stories tagged with: #editorial content #deal offers #size matters #advertising play #steady leadership #digital edge


Bild owner to buy Business Insider

German publisher, Axel Springer, agrees to buy a controlling stake in the US news website Business Insider for $343m (£226m). Continue reading at BBC News

[ BBC News | 2015-09-29 00:00:00 UTC ]
More news stories like this | News stories tagged with: #german publisher #axel springer #controlling stake


My Job in 5: Helen Chapman, Picture book designer, Penguin Random House UK

Describe your role My job title is picture book designer but people outside the industry always think that I must illustrate all the books! Unfortunately I’m not that talented (though I do a mean stick man) so I end up describing my job as being an editor for the illustrators. Working in... Continue reading at The Bookseller

[ The Bookseller | 2015-09-26 00:00:00 UTC ]
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Oyster's business model was 'deeply flawed'

The chief executive of ebook subscription service Bookmate has said Oyster was "killed" by publishers who feared the challenge it posed to their existing ebook business models. Following the announcement earlier this week that rival ebook subscription service Oyster is to close next year, Simon... Continue reading at The Bookseller

[ The Bookseller | 2015-09-25 00:00:00 UTC ]
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Two libraries, 80 jobs go at Kirklees

Kirklees Council has approved plans to close two libraries and cut 88 jobs, The Huddersfield Daily Examiner has reported. The council’s cabinet members have “reluctantly” agreed to a “huge cost-cutting shake-up” which will see only eight of its current 26 libraries fully controlled and opening... Continue reading at The Bookseller

[ The Bookseller | 2015-09-24 00:00:00 UTC ]
More news stories like this | News stories tagged with: #kirklees council #approved plans #reluctantly agreed #opening hours


How Legacy.com is turning obits into business

Every digital publisher is finding it harder to make an advertising buck online. Of note is Legacy.com, which as the leading obituary site has shot life into its business by growing its focus on e-commerce around flowers and charity giving. Today, commerce brings in as much revenue as... Continue reading at Digiday

[ Digiday | 2015-09-24 00:00:00 UTC ]
More news stories like this | News stories tagged with: #business appeared #digital publisher


Harlequin Gets Into Wine Business

Vintages by Harlequin includes three wine varietals—chardonnay, cabernet sauvignon, and a red wine blend—and is available to U.S. customers on Amazon for $14.95 per bottle. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-09-24 00:00:00 UTC ]
More news stories like this | News stories tagged with: #cabernet sauvignon


Axel Springer Wants to Buy Business Insider for Around $560 Million

German publishing giant Axel Springer is closing in on a deal to buy Business Insider, in a deal that would value the Web publisher at around $560 million.      Sources familiar with the two companies think a transaction could close w ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2015-09-22 00:00:00 UTC ]
More news stories like this | News stories tagged with: #axel springer #business insider #sources familiar


My Job In 5: George Theodoropoulos, Production Editor, Hyphen SA

Describe your role I work as a production editor in English Language Teaching (ELT) publishing at hyphen SA based in Thessaloniki, Greece, overseeing the workflow of projects by planning and assigning editorial and design work on a global scale. Being part of an adaptive team that... Continue reading at The Bookseller

[ The Bookseller | 2015-09-19 00:00:00 UTC ]
More news stories like this | News stories tagged with: #global scale


These 3 New Developments Show Why It Continues to Be Snapchat’s Year

When it comes to social media, it's becoming safe to say that we'll remember 2015 as the year of Snapchat. The app was already wildly popular with high school and college students, accruing 100 million daily users, but in the last several months, it's become a media and marketing force to be... Continue reading at AdWeek

[ AdWeek | 2015-09-18 00:00:00 UTC ]
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