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 ]
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Barnes & Noble 'founder' pondering bid to buy back retail business, hive off Nook Media

Just 12 hours after (already denied) rumors circulated that Barnes & Noble may ditch its Nook business, the company has had to make an announcement concerning its retail division. Thanks to SEC regulations, the company has had to 'fess up that majority shareholder and "founder*" Leonard... Continue reading at Engadget

[ Engadget | 2013-02-25 00:00:00 UTC ]
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Pearson Catalyst to 'incubate' start-ups

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[ The Bookseller | 2013-02-20 00:00:00 UTC ]
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Bridget Jones 3 book UK release date

Agents for author Helen Fielding have confirmed that her third instalment of the Bridget Jones' Diary book series will have an Autumn release date. Continue reading at BBC News

[ BBC News | 2013-02-05 00:00:00 UTC ]
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Daunt condemns business rates rise

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[ The Bookseller | 2013-02-01 00:00:00 UTC ]
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HMV: 190 jobs go

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[ The Bookseller | 2013-01-31 00:00:00 UTC ]
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Amazon's E-Book Business Is Up 70 Percent, but It's Still Not Disclosing Kindle Sales

Whatever Kindle sales were in Q4, they could have been better had Amazon not sold out of its flagship e-reader. Continue reading at AllThingsD

[ AllThingsD | 2013-01-30 00:00:00 UTC ]
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Time Inc. cuts some 500 jobs

Time Inc., the publisher of magazines including Time and Sports Illustrated, has begun eliminating about 6% of its head count—nearly 500 jobs—in the biggest round of cuts at the company since 2008."With the significant and ongoing changes in our industry, we must continue to transform our... Continue reading at Crains New York

[ Crains New York | 2013-01-30 00:00:00 UTC ]
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3 Epiphanies About Social Media Marketing for Books

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[ Publishing Perspectives | 2013-01-29 00:00:00 UTC ]
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HarperCollins launches education business in India

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[ The Bookseller | 2013-01-29 00:00:00 UTC ]
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Goldsmiths launches £10,000 literary prize

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[ The Bookseller | 2013-01-22 00:00:00 UTC ]
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Penguin's 'good' fourth quarter as Pearson prepares for demerger

Penguin has benefited from a "good" fourth-quarter publishing performance and has... Continue reading at The Bookseller

[ The Bookseller | 2013-01-21 00:00:00 UTC ]
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3 Key Ideas from Digital Book World 2013

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Reader’s Digest UK closes its book business

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[ The Bookseller | 2013-01-07 00:00:00 UTC ]
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[ BBC World | 2013-01-04 00:00:00 UTC ]
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Printed book sales slump £74m in 2012

The value of the printed book market slumped by almost £74m year on year in 2012 but,... Continue reading at The Bookseller

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Apple Soon to Offer 80,000 Japanese-language Ebooks

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[ Publishing Perspectives | 2013-01-03 00:00:00 UTC ]
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Pearson to Invest $89.5 Million in Barnes & Noble's Nook Media

Publishing and education company Pearson PLC agreed to invest $89.5 million for a 5 percent stake in Barnes & Noble Inc.'s digital-business unit, Nook Media LLC. Continue reading at AllThingsD

[ AllThingsD | 2012-12-29 00:00:00 UTC ]
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[ Engadget | 2012-12-29 00:00:00 UTC ]
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Pearson invests in Nook tablets

UK publisher Pearson says it will invest in the Nook series of e-readers and tablets, buying a 5% stake in the business for $89.5m (£55.5m). Continue reading at BBC News

[ BBC News | 2012-12-28 00:00:00 UTC ]
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