Written By: Charlotte Williams Publication Date: Fri, 29/07/2011 - 09:30 Penguin reported lower sales and profits in the first half of 2011 as it adjusted to the "unprecedented challenges" afflicting the publishing sector including the loss of high street booksellers in the US and Australia and the shift to digital. Sales valued £457m, down 4% on the same period in 2010, with operating profit down £2m to £42m in the period to 30th June 2011. E-book sales were up by 128% now representing 14% of Penguin revenues worldwide, or £64m. read more Continue reading at 'The Bookseller'
[ The Bookseller | 2011-07-29 00:00:00 UTC ]
News tagged with:
#profits fall
#e-book sales
#unprecedented challenges
#operating profit
Books by Bruce Springsteen and Amy Schumer have helped Simon & Schuster to an 11% year-on-year increase in its third quarter revenue to $226m (£181m). Continue reading at The Bookseller
[ The Bookseller | 2016-11-05 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#11% rise
#quarter sales
#bruce springsteen
#amy schumer
#quarter revenue
Revenue increased 11% in the third quarter of 2016 at Simon & Schuster, while and earnings rose by $1 million, to $44 million. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-11-03 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#earnings rise
#simon schuster
#earnings rose
#$1 million
#$44 million
Although Educational Development Corp. saw its revenue soar in the last 18 months—in Q2 sales jumped 105%—investments made to meet rising demand led to a decline in profit in the quarter. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-10-25 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#meet demand
Digital Trends, which was reportedly in talks to sell to Condé Nast for $120 million, has mostly flown under the radar. But the 10-year-old tech review site has become profitable by honing its Google skills while other publishers chase Facebook and video numbers. “We’ve identified the cycles a... Continue reading at Digiday
[ Digiday | 2016-09-15 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#facebook appeared
#digital trends
#$120 million
#ve identified
Overall digital sales at Penguin Random House are on a “positive path forward,” the company’s global c.e.o Markus Dohle has said in a letter to staff, despite the company’s first half results showing a decline due to lower ebook sales. Continue reading at The Bookseller
[ The Bookseller | 2016-09-01 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#markus dohle
#revenue decline
#digital sales
A decline in ebook sales plus the lack of a mega-bestseller led to sales and earnings both falling by just over 10% at Penguin Random House in the first six months of 2016. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-08-31 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#ebook sales
#earnings fell
A 5.0% rise in June bookstore sales over June 2015 ended a solid first half of 2016, in which bookstore sales increased 6.1% over the first half of 2015. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-08-15 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#bookstore sales
Illustrated book publisher and distributor Quarto has seen its revenue rise 8% year-on-year to $73.3m (£56.43m) in the six months ending 30th June 2016. Continue reading at The Bookseller
[ The Bookseller | 2016-08-10 00:00:00 UTC ]
More news stories like this |
Cambridge University Press sales dropped very marginally to £268.8m in the year ended April 2016, according to its latest annual report (£169.1m in 2015), with growth levels falling back from a 5% revenue rise the year before. Continue reading at The Bookseller
[ The Bookseller | 2016-08-04 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#flat sales
Revenue in Houghton Mifflin Harcourt’s trade publishing segment rose 3.2% in the second quarter ended May 31, 2016 over the comparable period in 2015. Adjusted EBITDA fell to $322,000 from $412,000 in the second quarter of 2015. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-08-04 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#quarter ended
#trade sales
Elsevier's business trends "remain positive", with underlying revenue growth of 2% for the first half of 2016, parent company RELX Group has reported. Continue reading at The Bookseller
[ The Bookseller | 2016-07-29 00:00:00 UTC ]
More news stories like this |
Second quarter revenue fell 6.0% at Simon & Schuster compared to the second period of 2015, but operating income rose 4.0%. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-07-28 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#sales slip
After six straight years of growth, North American digital comics sales dropped 10% in 2015, to $90 million. The decline, documented in a new report issued by the pop culture trade news site ICv2, mirrors a similar decline in the sales of prose ebooks. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-07-12 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#report issued
Oxford University Press saw headline growth of 1.7%, 1% on a like-for-like basis (at constant exchange rates), in the year to end March 2016, according to its latest Annual Report. Financial details are slim, but turnover stood at £781m (up from £767m the previous year) while profit dropped 8%... Continue reading at The Bookseller
[ The Bookseller | 2016-07-07 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#sales rise
#financial details
#foreign exchange
Ever since Facebook introduced its Instant Articles feature last year, publishers have been wondering how the move would play out.The lure is clear: Facebook provides exposure and traffic despite the fact that Instant Articles do not link to the publishers' sites. For Facebook, A-list content... Continue reading at Advertising Age
[ Advertising Age | 2016-06-30 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#facebook introduced
#social gaming
#ad dollars
#long term
Bernardi succeeds longtime Dark Horse book trade executive Michael Martens, who is retiring after 22 years, and will takeover in time for the American Library Association meeting in Orlando, Florida. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-06-21 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#book trade
#digital sales
Limitations of reading devices and "digital fatigue" are cited as causes for the decline in ebook sales. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-06-17 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#reading devices
#ebook sales
The sad news of Muhammad Ali's death, which broke late last week, has resulted in publishers rushing to get their new Ali titles into stores, and a run on available backlist titles about the iconic boxer and activist. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-06-09 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#sad news
#muhammad ali
#publishers rushing
#backlist titles
Book printing company Clays Ltd has invested in its physical book-printing services, citing the decline of e-reader sales, the resurgence of public enthusiasm for print and the success of its new print self-publishing services. Continue reading at The Bookseller
[ The Bookseller | 2016-06-02 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#e-reader sales
Led by a 34% increase in sales of digital audio, sales of audiobooks rose 20% in 2015 over 2014, to an estimated $1.78 billion. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-05-24 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#34% increase
#digital audio