Restructuring, Covid-19 Leads to Huge HMH Loss

Restructuring charges and the global pandemic took a toll on Houghton Mifflin Harcourt in 2020, as the company reported a 25.8% decline in revenue in the year and a net loss of $480 million, compared to a loss of $213.8 million in 2019. HMH's trade division, which is for sale, had a 6% sales gain. Continue reading at 'Publishers Weekly'

[ Publishers Weekly | 2021-02-25 05:00:00 UTC ]
News tagged with: #restructuring charges #net loss #global pandemic #company reported #8% decline #trade division #houghton mifflin harcourt

Other Publishing stories related to: 'Restructuring, Covid-19 Leads to Huge HMH Loss'

Wired Sees Subscription Bump Despite Lifting Its Paywall on Covid-19 Content

In mid-March, Wired joined fellow Condé Nast titles The New Yorker and Vanity Fair, as well as numerous other newspapers and magazines, in opening up free access to its coverage of the COVID-19 pandemic, moving that content outside of the metered paywall that otherwise limits non-subscribers... Continue reading at Folio Magazine

[ Folio Magazine | 2020-04-09 17:20:07 UTC ]
More news stories like this | News stories tagged with: #coronavirus update #email newsletter #long run #digital subscription

Confronting COVID-19: ‘Publishers Weekly’ President Discusses Book Industry Impact, Shares Hope

Publishers Weekly has been providing news to book businesses since 1872, weathering many world crises since then. While the coronavirus pandemic brings new challenges to the magazine and the book industry it serves, current technologies are enabling the publisher to adapt. Continue reading at Publishing Executive

[ Publishing Executive | 2020-04-09 16:57:30 UTC ]
More news stories like this | News stories tagged with: #book businesses #publishers weekly #book industry

Piatkus to bring out 'guidebook on surviving the Covid-19 crisis'

Piatkus is publishing "a guidebook on surviving the Covid-19 crisis, embracing the global pause and emerging with a new kind of future" by Beth Kempton. Continue reading at The Bookseller

[ The Bookseller | 2020-04-09 10:48:50 UTC ]
More news stories like this | News stories tagged with: #covid-19 crisis #beth kempton

How is the internet handling increased traffic during the COVID-19 crisis?

With the current COVID-19 pandemic leading to increased demand for online services there have been concerns about the web's ability to cope. New analysis by Fastly of traffic patterns between January and March looks at regional trends for key US states and countries around the globe that are... Continue reading at Betanews

[ Betanews | 2020-04-09 10:31:56 UTC ]
More news stories like this | News stories tagged with: #covid-19 crisis #increased demand #online services #covid-19 pandemic #school closures #stay-at-home orders #digital publishing

As Magazines Seek New Footing During the COVID-19 Crisis, Newsstands Try to Hang On

For most publishers, the newsstand business has become ancillary. But prior to The Great Recession, America’s top 500 magazines delivered nearly 350 million copies to newsstands across the country. Times have changed, to say the least. That number now is a small fraction of what it once was,... Continue reading at Folio Magazine

[ Folio Magazine | 2020-04-07 15:37:04 UTC ]
More news stories like this | News stories tagged with: #greater good #supply chain #entire ecosystem #things return #road ahead #hearst

Digital Edition Providers See Opportunity in Print Disruption Amid Covid-19

With magazine publishers bracing for a likely downturn in single-copy sales as the COVID-19 pandemic forces the closures of newsstands and retail outlets across the country, providers of digital-replica editions are sensing an opportunity to onboard new clients. "We’re actually seeing a huge... Continue reading at Folio Magazine

[ Folio Magazine | 2020-04-06 15:15:47 UTC ]
More news stories like this | News stories tagged with: #online survey #print remains #long term #consume content #worth noting #digital content #digital publishing

Fundraiser for booksellers affected by Covid-19 reaps over £100k in two weeks

A crowdfunder in aid of booksellers affected by the Covid-19 crisis has exceeded its fundraising target of £50,000. Penguin Random House pledged it would match donations, meaning over £100,000 will now be made available for hardship grants. Continue reading at The Bookseller

[ The Bookseller | 2020-04-05 21:08:28 UTC ]
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4 Shout-Outs to Publishers Doing Their Part During the COVID-19 Outbreak | April 3

Last week we decided to pay a small tribute to members of our community who are giving back in some way during the unprecedented crisis caused by COVID-19. While the health of the industry is in peril, the publishing community is thinking beyond their top and bottom lines and are instead... Continue reading at Folio Magazine

[ Folio Magazine | 2020-04-03 14:54:47 UTC ]
More news stories like this | News stories tagged with: #food banks #staying connected #hardest hit #free copies #give back #magazine publisher #publishing community

Pan Mac announces pay reductions and distribution staff furloughed as sales drop over Covid-19

Higher paid staff at Pan Macmillan have been asked to volunteer for a pay reduction and employees at its distribution arm will be furloughed as the publisher unveiled measures to help “safeguard” its business during the Covid-19 pandemic. Continue reading at The Bookseller

[ The Bookseller | 2020-04-03 10:15:37 UTC ]
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L,B's Bridge Street to publish 'first authoritative book on Covid-19'

Little, Brown imprint The Bridge Street Press is publishing a book on Covid-19 from Debora MacKenzie, a New Scientist journalist covering the pandemic. Continue reading at The Bookseller

[ The Bookseller | 2020-04-03 04:36:56 UTC ]
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Book Publication Date Changes Due to Covid-19 Pandemic

As part of our ongoing Covid-19 coverage, 'PW' is tracking book publication dates that are changing as a result of the pandemic. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-03 04:00:00 UTC ]
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Seven Dials lands Vinnie Jones' memoir of love and loss

Seven Dials has won world rights at auction to Lost Without You, a book from the footballer turned actor Vinnie Jones about coping with the loss of his wife, Tanya, after her six-year battle with cancer.  Continue reading at The Bookseller

[ The Bookseller | 2020-04-02 12:09:30 UTC ]
More news stories like this | News stories tagged with: #world rights #memoir

Buddhist Pubs Find New Ways to Cope with Covid-19

Publishers of books on Buddhism are focusing on digital products, compiling reading lists, promoting online author events, and more in response to the global Covid-19 pandemic and rapid changes in the marketplace. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-02 04:00:00 UTC ]
More news stories like this | News stories tagged with: #digital products

James Patterson Leads Group Seeking to Raise Millions for Bookstores

Author James Patterson is spearheading a group that includes Reese Witherspoon, Reese’s Book Club, the Book Industry Charitable Foundation, and the American Booksellers Association in an effort to raise millions of dollars to help save independent bookstores. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-02 04:00:00 UTC ]
More news stories like this | News stories tagged with: #book club #american booksellers association #book industry

Resources for Freelance Journalists During the COVID-19 Pandemic

As the fallout from the ongoing COVID-19 pandemic forces publishers to reevaluate their economic outlooks and, in many cases, restrict their budgets, freelance journalists across the country are suffering from lost commissions, reduced rates and delayed payments, often without financial safety... Continue reading at Folio Magazine

[ Folio Magazine | 2020-04-01 20:57:42 UTC ]
More news stories like this | News stories tagged with: #job openings #lessons learned

Ingram ramps up Covid-19 hygiene measures to stay open

Ingram says it has ramped up its cleaning routines to remain open for business during the Covid-19 pandemic, and has seen a rise in use of its print-on-demand programme. Continue reading at The Bookseller

[ The Bookseller | 2020-04-01 17:19:09 UTC ]
More news stories like this | News stories tagged with: #stay open #remain open #covid-19 pandemic

Internet Archive accused of using Covid-19 as 'an excuse for piracy'

The ‘National Emergency Library’ has made 1.4m ebooks freely available, many by current bestsellers, and sparked outrage from writers’ organisationsThe Internet Archive has launched a “National Emergency Library”, making 1.4m books available free online – but has been accused of “hitting authors... Continue reading at The Guardian

[ The Guardian | 2020-03-30 17:13:20 UTC ]
More news stories like this | News stories tagged with: #current bestsellers #free online #public domain #ebooks

4 Shout-Outs to Publishers Doing Their Part During the COVID-19 Outbreak

Publishing companies are scrambling quickly to figure out how to generate more revenue, as the COVID-19 outbreak is putting intense pressure on their top line. But there are also publishers who recognize that now is an opportunity to give back and help their community get through this difficult... Continue reading at Folio Magazine

[ Folio Magazine | 2020-03-27 14:42:55 UTC ]
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UK national newspaper sales plummet under Covid-19 lockdown

Fears for jobs as print sales drop by as much as 30% after thousands of newsagents closeCoronavirus – latest updates See all our coronavirus coverageNational print newspaper sales have fallen by as much as 30% since the start of the government-ordered coronavirus lockdown, according to industry... Continue reading at The Guardian

[ The Guardian | 2020-03-27 14:04:29 UTC ]
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Is the Covid-19 Crisis a Watershed Moment for Library E-books?

Why the rapid shift to digital library services necessitated by the Covid-19 crisis could help chart a new, more productive course for the digital library market long term. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-03-27 04:00:00 UTC ]
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