Sun publisher posts £75m pre-tax loss

News Group Newspapers took charges related to the phone-hacking scandal of almost £90m in the year to 30 JuneThe parent company of the Sun and Sun on Sunday has reported a pre-tax loss of £75m in the year to 30 June, after taking charges of almost £90m in relation to the phone-hacking scandal.News Group Newspapers' pre-tax loss of £75.1m is a significant reduction on the £318m loss run up in its financial report for the year to 3 July 2012.NGN, the News UK subsidiary that published the now closed News of the World, recorded a total of £87.5m in costs described as "non-operational, one-off charges relating to allegations of voicemail interception and inappropriate payments to public officials and other related matters."The company was also hit by a £40m one-off charge in compensation paid to Johnston Press for the termination of an agreement in relation to contract printing, allowing NGN to print all of its publications in-house.The Sun publisher generated turnover of £514m, up from £493m the previous year, and spent £44m on sales and marketing.NGN said revenue growth was helped by the launch of the Sun on Sunday, which began publication in February last year, as well as cover price increases on the Monday to Friday edition of the tabloid.Within the £87.5m non-operational costs, £50m went on legal fees, a £10.2m charge for claimants' legal fees and damages and £26m for "primarily legal and professional fees" relating to the management and standards committee, responsible... Continue reading at 'The Guardian'

[ The Guardian | 2013-12-17 00:00:00 UTC ]

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Ex-Sports Illustrated CEO sues 5-hour Energy founder

Metro Detroit billionaire businessman Manoj Bhargava faces a lawsuit tied to his ongoing takeover bid of the former publisher of Sports Illustrated magazine.The lawsuit, filed last week in California in a Los Angeles County court, is brought by Ross Levinsohn, a veteran media executive and the... Continue reading at Crains New York

[ Crains New York | 2024-03-28 20:07:35 UTC ]
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US judge blocks $2.2bn Penguin Random House merger

Justice department argued the melding of the publishing house with Simon & Schuster would harm competition and authors’ payA US judge has blocked the $2.2bn planned merger of Penguin Random House, the world’s largest book publisher, with rival Simon & Schuster.Judge Florence Pan of the... Continue reading at The Guardian

[ The Guardian | 2022-11-01 00:30:18 UTC ]
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Court Blocks Penguin Random House, S&S Merger

In a brief two-page order issued late on October 31, Judge Florence Y. Pan blocked PRH's bid to buy S&S, saying the government had succeeded in showing that the proposed merger would harm "competition in the market for the U.S. publishing rights to anticipated top-selling books." Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-10-31 04:00:00 UTC ]
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The Next Step is sheepish deal for Sweet Cherry

Sweet Cherry has bought the publishing rights to a trio of licences: Aardman Studios’ Shaun the Sheep, nostalgia brand Rainbow, and CBBC reality TV-style show "The Next Step", which centres around a dancing studio. Continue reading at The Bookseller

[ The Bookseller | 2019-04-03 00:00:00 UTC ]
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Mirror owner warns over Brexit as it makes £200m writedown

Reach, which also owns Daily Express and Daily Star, reports £120m pre-tax loss for 2018Reach, the publisher of the Daily Mirror and Daily Express, has warned about the impact of Brexit on advertising, as it made a £200m writedown on its newspaper business that pushed it into the red for... Continue reading at The Guardian

[ The Guardian | 2019-02-25 00:00:00 UTC ]
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Bungie will self-publish 'Destiny' in split with Activision

Bungie is about to take greater control of Destiny's... well, destiny. The studio has reached a deal with Activision that will hand over the publishing rights to the shared-world shooter franchise. According to the company, it's "ready" to publish on... Continue reading at Engadget

[ Engadget | 2019-01-11 00:00:00 UTC ]
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Amazon and Virgin Media back sci-fi series of The Feed

Nick Clark Windo's The Feed (Headline) is being turned into a high-end sci-fi TV drama by Amazon and Virgin Media. Continue reading at The Bookseller

[ The Bookseller | 2018-02-10 00:00:00 UTC ]
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Care Bears publishing rights to Hachette Children's

Hachette Children’s Group has bought the publishing rights to the Care Bears brand. Continue reading at The Bookseller

[ The Bookseller | 2017-01-07 00:00:00 UTC ]
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Knopf Nabs New Paulo Coelho Novel

Knopf has acquired the U.S. publishing rights to 'The Spy,' a new novel by Paulo Coelho. The book, by the bestselling author of 'The Alchemist,' is set for a November 22 release. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-06-16 00:00:00 UTC ]
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‘Starting To Hit the Wall’: A Conference Focuses on Publishing Rights

'Things are not going to stop changing,' Ingenta's Randy Petway told Monday's Rights Conference audience. And that means new urgency around effective rights management. The post ‘Starting To Hit the Wall’: A Conference Focuses on Publishing Rights appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2016-06-14 00:00:00 UTC ]
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McCartney bid to Get Back Beatles songs

Paul McCartney files legal papers in the US, as part of an attempt to reclaim the publishing rights to The Beatles' back catalogue. Continue reading at BBC News

[ BBC News | 2016-03-21 00:00:00 UTC ]
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Sony is betting on love for the Beatles lasting in a new $750 million deal

For a 2012 episode of the popular TV show "Mad Men," Lionsgate paid an estimated $250,000 for the sound recording and publishing rights to use "Tomorrow Never Knows." Money may not buy love, but the steep price for a single Beatles song helps explain why Sony Corp. would be willing to make a... Continue reading at Los Angeles Times

[ Los Angeles Times | 2016-03-16 00:00:00 UTC ]
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Little, Brown Takes On Tie-Ins for DreamWorks's 'Dinotrux'

Little, Brown Books for Young Readers has secured the publishing rights for DreamWorks Animation's Netflix-exclusive TV show, 'Dinotrux.' Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-01-21 00:00:00 UTC ]
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Turner Publishing Buys Basic Health Publications

The deal, which closed December 31, will see Turner get the publishing rights, inventory and related assets to about 280 titles. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-01-05 00:00:00 UTC ]
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PA succeeds in blocking infringers

The High Court has granted an application by the Publishers Association (PA) to block access to seven websites which have been infringing copyright. The application, made under 97A of the Copyright, Designs and Patents Act 1988, means that the UK's main internet service providers (ISPs) - BT,... Continue reading at The Bookseller

[ The Bookseller | 2015-05-27 00:00:00 UTC ]
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UK ISPs ordered to block ebook piracy sites

In a major victory for book publishers, the UK's High Court has ordered internet service providers (ISPs) to block several sites offering pirated ebooks. The decision means that BT, Sky, Virgin Media, TalkTalk and EE now have 10 days to comply and e... Continue reading at Engadget

[ Engadget | 2015-05-27 00:00:00 UTC ]
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Penguin buys Peanuts tie-in rights

Penguin has acquired film tie-in publishing rights for the "The Peanuts Movie", released in the UK on December 21st later this year.  Emily Campan, licensed publishing executive for Penguin Children's, acquired English language publishing rights in selected territories for the 0-7 years market... Continue reading at The Bookseller

[ The Bookseller | 2015-02-04 00:00:00 UTC ]
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Penguin acquires publishing rights to Hey Duggee

Penguin has acquired the publishing rights to "Hey Duggee", a new pre-school children’s TV programme created by Studio AKA for Cbeebies and BBC Worldwide. The TV showis set at a children's playgroup called the Squirrel Club and is run by a big friendly dog called Duggee, who teaches children... Continue reading at The Bookseller

[ The Bookseller | 2014-12-19 00:00:00 UTC ]
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Cox Communications sued by two music publishers over piracy

Two music publishers - BMG Rights Management LLC and Round Hill Music LP – have sued Atlanta-based Cox Communications Inc., claiming that Cox deliberately turns a blind eye to illegal downloading by its subscribers. BMG and Round Hill, each of which controls the publishing rights to a number of... Continue reading at Silicon Valley Business Journal

[ Silicon Valley Business Journal | 2014-11-28 00:00:00 UTC ]
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Graphic Arts Books Buys Companion Press

In a deal that adds 27 titles to its backlist, Graphic Arts Books has acquired the trade books and publishing rights of Companion Press. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-02-19 00:00:00 UTC ]
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