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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New Cash, New Questions for Business Insider

Business Insider, one of the sites at the forefront of creating a native digital publishing model, happily announced the other day an additional investment of $12 million, bringing its total to about $30 million. Started by former securities ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2014-03-17 00:00:00 UTC ]
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Job Moves: March 17, 2014

At Highlights, Jack W. Perry has been named v-p, print and ebook sales, effective March 31 Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-03-17 00:00:00 UTC ]
More news stories like this | News stories tagged with: #named v- #ebook sales


Job Moves: March 14, 2014

Mindy Fichter has been promoted to associate director of publicity at DK Publishing. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-03-14 00:00:00 UTC ]
More news stories like this | News stories tagged with: #associate director #dk publishing


Job Moves: March 13, 2014

Penguin Random House has appointed Steve Connolly as the new managing director for its operations in South Africa. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-03-13 00:00:00 UTC ]
More news stories like this | News stories tagged with: #south africa


Job Moves: March 12, 2014

Henry Sene Yee has been named creative director of Macmillan's new imprint, Flatiron Books, in addition to his current role as creative director for Picador Books. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-03-12 00:00:00 UTC ]
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Ex-New York Times Writer Develops An App To Get Busy People Reading More

In Dickens's day, serialized novels were all the rage. Rooster aims to revive that trend, making it easier than ever to find good books (and the time to read them).In the age of abbrevs., sitting down to read a novel can feel like gearing up for a marathon, no matter how much you love books. The... Continue reading at Fast Company

[ Fast Company | 2014-03-11 00:00:00 UTC ]
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Pearson Will Distribute Microsoft Titles, Open Store

Beginning April 1, the Pearson Technology Group will take over global distribution for Microsoft Press’ print and digital products. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-03-11 00:00:00 UTC ]
More news stories like this | News stories tagged with: #global distribution #digital products


Job Moves: March 11, 2014

Tiffany Tomlin has been named executive director of the newly aligned Penguin Random House Speakers Bureau. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-03-11 00:00:00 UTC ]
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Is it wrong to axe BBC3?

BBC3 is to become online-only to save money. Is this unfair to young viewers and programme-makers?Boyd Hilton, TV and reviews editor of Heat magazineSo the BBC is getting rid of its one channel aimed at young people, its one channel that has continually fostered new comedy talent, the channel... Continue reading at The Guardian

[ The Guardian | 2014-03-09 00:00:00 UTC ]
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Indie Creators Self-Publish 1,000 Comics on ComiXology in One Year

On the one-year anniversary of the service, digital comics locus ComiXology says it now offers more than 1,000 titles through its self-publishing platform Submit.     Continue reading at Wired

[ Wired | 2014-03-09 00:00:00 UTC ]
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Time Inc. Taps Defy Media CRO to Lead Fortune's Business Side

Time Inc. has raided the digital world to land a new publisher for Fortune magazine, naming Eric Danetz to the post on Friday. Mr. Danetz had been chief revenue officer at Defy Media, the web video and branded entertainment company created when Break Media and Alloy Digital merged last fall.The... Continue reading at Advertising Age

[ Advertising Age | 2014-03-07 00:00:00 UTC ]
More news stories like this | News stories tagged with: #business side #digital world #web video #sports illustrated #owns cnn


Job Moves: March 7, 2014

At Little, Brown, Heather Fain has been promoted to v-p, deputy publisher, marketing director. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-03-07 00:00:00 UTC ]
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Job Moves: March 6, 2014

Sophie Cottrell has been promoted to to senior v-p, corporate communications at Hachette Book Group. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-03-06 00:00:00 UTC ]
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Anderson made Pearson UK m.d.

Mark Anderson has been appointed the new managing director of Pearson UK. Anderson has been... Continue reading at The Bookseller

[ The Bookseller | 2014-03-05 00:00:00 UTC ]
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Job Moves: March 5, 2014

Linda Matthews ​announced she is stepping down as director of Chicago Review Press. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-03-05 00:00:00 UTC ]
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Upcoming Comics Events: March 3, 2014

Will Eisner Reading by Paul Levitz in New York, NY; Moon Knight Release Party in Dublin, Ireland; Selfmade Hero Spring Party in London, U.K.; Smudge Expo in Arlington, VA. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-03-03 00:00:00 UTC ]
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News Briefs: Week of March 3, 2014

Audible lowering royalty on self-published audiobooks and more in this week's publishing news briefs. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-03-01 00:00:00 UTC ]
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Pearson Earned 78 Million Pounds from PRH

Pearson reported a contribution to earnings of 78 million pounds from Penguin and Penguin Random House in 2013. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-02-28 00:00:00 UTC ]
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PW Picks: Books of the Week, March 3, 2014

This week, a dangerous game in small-town America, a book that will get you obsessed with dinosaurs, and an extreme survival camp. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-02-28 00:00:00 UTC ]
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Job Moves: February 28, 2014

Janet Rasche will be joining Macmillan in the newly created position of v-p, operations planning, effective March 3 Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-02-28 00:00:00 UTC ]
More news stories like this | News stories tagged with: #joining macmillan