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 sells FT for £884m

Pearson has sold the FT Group to the Japanese Nikkei Inc for £844m. The company confirmed earlier today it was in “advanced talks” on the sale of the FT Group, which includes the Financial Times, and has now revealed Nikkei will buy the group for a gross consideration of £844m, payable in cash. Continue reading at The Bookseller

[ The Bookseller | 2015-07-24 00:00:00 UTC ]
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PRH Adds 24 Million Pounds to Pearson Profits

Penguin Random House contributed 24 million pounds in operating profit to Pearson in the first half of 2015, up from 18 million pounds in the same period in 2014. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-07-24 00:00:00 UTC ]
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Pearson agrees to sell Financial Times to Japanese publisher in $1.3B deal

Japanese publisher Nikkei Inc. agreed to acquire Pearson Plc's FT Group for $1.3 billion to gain control of the Financial Times newspaper. The sale doesn't include Pearson's 50% stake in... To view the full story, click the title link. Continue reading at Crains New York

[ Crains New York | 2015-07-23 00:00:00 UTC ]
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Frankfurt Book Fair Business Club is Seeking Ambassadors!

Apply by July 31st to be a Frankfurt Book Fair Business Club Ambassador. In exchange for promotion you receive a free pass and added benefits. The post Frankfurt Book Fair Business Club is Seeking Ambassadors! appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2015-07-23 00:00:00 UTC ]
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Translating Steve Jobs’ Life into a Graphic Novel

Jessie Hartland knew many people interested in Steve Jobs wouldn't read Walter Isaacson’s 630-page biography, so she depicted Job's life in a graphic novel. The post Translating Steve Jobs’ Life into a Graphic Novel appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2015-07-22 00:00:00 UTC ]
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Emma Barnes: Menial publishing jobs are destroying our future

"Why are we still getting humans to do the work of computers?" Regular FutureBook contributor Emma Barnes of Bibliocloud and Snowbooks sees paperclip-and-pencil jobs in publishing as where industry newcomers get off on the wrong foot. And she follows the meager money upstairs to find little... Continue reading at The Bookseller

[ The Bookseller | 2015-07-21 00:00:00 UTC ]
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My Job In 5: Ania Duggan, Commissioning Editor- Audio, Penguin Random House Group UK

Describe your role I project manage the creation of our audiobooks by a wide range of fiction and non-fiction authors. This involves reading manuscripts and identifying books to record, acquiring audio rights if necessary, casting the right voices to bring stories to life and arranging... Continue reading at The Bookseller

[ The Bookseller | 2015-07-18 00:00:00 UTC ]
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Go Set a Watchman's UK sales top 100,000 in one day

Harper Lee’s ‘parent novel’ to To Kill a Mockingbird sets tills ringing despite ambivalent receptionDespite the widespread doubts over the decision to publish Go Set A Watchman, and despite the cries of horror that went up around the world over the weekend as readers discovered that the godlike... Continue reading at The Guardian

[ The Guardian | 2015-07-15 00:00:00 UTC ]
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Tribune expands its Web-syndication business to video

Tribune Content Agency, a content “clearinghouse” for Tribune Publishing, has launched a new video-syndication network, which will offer its publishing partners more than 1,000 new videos per day from media companies like Reuters, AP, Bloomberg, the Chicago Tribune and the LA Times. The network,... Continue reading at Digiday

[ Digiday | 2015-07-15 00:00:00 UTC ]
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Authors call on the US to investigate Amazon's book business

Just because Apple is on the hook for allegedly anti-competitive book sales doesn't mean that Amazon is above reproach. As promised, groups representing both authors and booksellers are calling on the US Department of Justice to investigate Amazon fo... Continue reading at Engadget

[ Engadget | 2015-07-14 00:00:00 UTC ]
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My Job In 5: Emma O’Donovan, Head of marketing Flying Eye Books

Describe your role. Creating and managing marketing campaigns for new releases and ensuring that as many people as possible hear about and are completely enthused by the fantastic books Flying Eye are producing, through press reviews, events, advertising and online channels. What do you like... Continue reading at The Bookseller

[ The Bookseller | 2015-07-11 00:00:00 UTC ]
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Down East Magazine Will Book Your Next Maine Adventure

Launches adventure travel service with trips curated by editors. The post Down East Magazine Will Book Your Next Maine Adventure appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2015-07-10 00:00:00 UTC ]
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Being a Nerd Morphs Into Big Business at Comic-Con

For four days each year, Tom Cruise, Quentin Tarantino and some of the biggest movie stars on the planet head to San Diego's Comic-Con International to get grilled by a goofy, somewhat dashing stand-up comedian named Chris Hardwick.At this year's annual conference for more than 130,000 fans of... Continue reading at Advertising Age

[ Advertising Age | 2015-07-09 00:00:00 UTC ]
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New Agents & Business Center Comes to Rio’s Bienal do Livro

As part of a joint initiative with the Frankfurt Book Fair, the Bienal do Livro in Rio de Janeiro will host an Agents and Business Center in 2015. The post New Agents & Business Center Comes to Rio’s Bienal do Livro appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2015-07-09 00:00:00 UTC ]
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My Job in 5: Natalie Baker, development editor, Igloo Books

Describe your role. I work as development editor and am fortunate to be a part of a wonderful team on the adult list. Our work is collaborative by nature, but there is a huge emphasis on project management and overseeing projects from research through to completion. What do you like best... Continue reading at The Bookseller

[ The Bookseller | 2015-07-09 00:00:00 UTC ]
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iBooks Bestsellers: Paper Towns Rises to #3

John Green’s 'Paper Towns' ascended to #3 on Apple’s iBooks bestseller list for the week ended on July 6. E.L. James’s 'Grey' took the top spot on the list. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-07-08 00:00:00 UTC ]
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Abingdon Fiction Axed Amid Poor Book Sales

After a downturn in fiction sales, Abingdon is closing its fiction program and broadening its Christian Living line. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-07-08 00:00:00 UTC ]
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Egmont restructures licensing business

Egmont Publishing has created two global divisions for its licensed content business across books and magazines: Global Licensing Management and Global Content Development. The new Global Licensing Management team will acquire global licenses and sell international rights for intellectual... Continue reading at The Bookseller

[ The Bookseller | 2015-07-07 00:00:00 UTC ]
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New Zealand Book Awards to return with $50,000 prize

The New Zealand Book Awards will return in 2016 with an annual fiction prize of $50,000, it has been announced. Continue reading at Stuff

[ Stuff | 2015-07-06 00:00:00 UTC ]
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Amazon wants 'all businesses to survive'

It is in Amazon’s “interests" to "treat suppliers well” but the company should communicate with them better, Amazon’s head of public policy for the UK & Ireland has said. Continue reading at The Bookseller

[ The Bookseller | 2015-07-04 00:00:00 UTC ]
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