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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South China Morning Post is the latest news publisher to build its own first-party data platform, which it’s calling Lighthouse. Continue reading at Editor & Publisher
[ Editor & Publisher | 2020-06-29 16:45:21 UTC ]
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The Russian market's book publishing sector has been designated by the state as eligible for special financial support during the pandemic. The post Coronavirus Impact in Russia: Publisher Cites Up to 75-Percent Profit Loss appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-06-11 16:37:40 UTC ]
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CEO of News UK, Rebekah Brooks, tells staff pandemic has hammered print sales and advertising revenueThe publisher of the Sun and the Times has warned of impending job losses as part of a major cost-cutting programme as the coronavirus pandemic hammers newspaper sales and advertising... Continue reading at The Guardian
[ The Guardian | 2020-06-11 12:06:20 UTC ]
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Accounts show parent firm still spending an eighth of revenue dealing with phone hackingThe Sun recorded a loss of £68m last year amid falling print sales and the enormous cost of phone-hacking claims against its parent company from figures including Sir Elton John and Heather Mills.Rupert... Continue reading at The Guardian
[ The Guardian | 2020-02-23 15:59:03 UTC ]
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Struggling company insists there will be no changes in its 30 newsrooms, but experts worry powerful journalism could be lost To executives of McClatchy, Thursday’s bankruptcy of the second largest newspaper chain in the US is the fault of its pensioners, who outnumber current employees by a... Continue reading at The Guardian
[ The Guardian | 2020-02-14 09:00:26 UTC ]
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The Publishers Association (PA) has upped its Axe the Reading Tax Campaign, as a new survey has found that 71% of adults think that VAT should not be charged on any reading materials—digital or print. The survey also reveals that 50% of respondents said that a cut to the tax would inspire them... Continue reading at The Bookseller
[ The Bookseller | 2019-12-24 09:11:28 UTC ]
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Two Roads has pre-empted a “fascinating” novel by Janet Skeslien Charles that was the subject of a 12-way auction in the US and 17 other foreign rights deals. Continue reading at The Bookseller
[ The Bookseller | 2019-12-13 00:50:28 UTC ]
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Bloomsbury will publish a book by Pulitzer Prize-winning Washington Post journalists Carol Leonnig and Philip Rucker on Donald Trump's reinvention of the presidency. Continue reading at The Bookseller
[ The Bookseller | 2019-10-08 01:53:56 UTC ]
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With Brexit looming larger as the UK's new government takes charge, the publishing industry steps up its drive to drop the VAT on digital reading. The post UK’s Publishers Association Leads ‘Axe the Reading Tax’ Campaign appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-08-12 05:30:59 UTC ]
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Roughly a week after it announced it was cancelling its planned purchase of LSC Communications due to objections from the Department of Justice, Quad reported that second quarter sales fell 1.2% compared to a year ago. It had a net loss of $14.7 million. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-07-31 04:00:00 UTC ]
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The Publishers Association and leading members of the trade have written a letter to Sajid Javid calling for the new Chancellor of the Exchequer to end the VAT charge on digital publications in the next Budget. Continue reading at The Bookseller
[ The Bookseller | 2019-07-28 14:28:43 UTC ]
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After a record-breaking fiscal 2018, Indigo Books & Music reported a 3% drop in sales in fiscal 2019 and a net loss of C$36.8 million. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-05-29 04:00:00 UTC ]
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Welcome to the latest edition of Ad Age Publisher’s Brief, our roundup of news from the world of content producers across digital and print. Got a tip? Send it our way. Joining us late? Here's the previous edition. Cover stars: Chip and Joanna Gaines, who rose to fame through their hit HGTV... Continue reading at Advertising Age
[ Advertising Age | 2019-05-07 00:00:00 UTC ]
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Welcome to the latest edition of Ad Age Publisher's Brief, our roundup of news from the world of content producers across digital and print. Got a tip? Send it our way. Joining us late? Here's the previous edition.The news from Cupertino: "Apple's string of new subscription services pushes... Continue reading at Advertising Age
[ Advertising Age | 2019-03-26 00:00:00 UTC ]
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Negotiation of European distribution rights will become “a horror show”, agents have warned, with American publishers emboldened to grab European English-language rights from British firms after Brexit. Continue reading at The Bookseller
[ The Bookseller | 2019-03-13 00:00:00 UTC ]
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When five members of the Melbourne University Publishing board resigned, high-profile Australians made their feelings knownIt’s not every day that the internal machinations of a university press should be felt at the top echelons of politics. But as news broke on Wednesday that five members of... Continue reading at The Guardian
[ The Guardian | 2019-02-02 00:00:00 UTC ]
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The 2017 figure is huge swing from £6.6m profit of previous year as publisher invests in digital growthCondé Nast, the owner of glossy magazines including Vogue, Vanity Fair and GQ, has slumped to a £14m annual loss as it battles to reshape its business for the digital future.The high-end... Continue reading at The Guardian
[ The Guardian | 2019-01-03 00:00:00 UTC ]
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The 37th Sharjah International Book Fair brought nearly 380 publishers and agents to UNESCO's Cultural Capital of the Arab World for a rights-oriented pre-fair publishing conference as issues plaguing freedom to publish worldwide hung over panel discussions. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-10-31 00:00:00 UTC ]
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Snapchat is launching a new feature with 26 publishers including CNN and NBC Sports. And unlike a lot of platform features, it doesn't require a ton of resources. The post A new Snapchat feature lets publishers create live stories out of users’ posts appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2018-09-13 00:00:00 UTC ]
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Facebook confirmed that it is running a test with five publishing partners, including BuzzFeed, enabling them to test up to four different versions of organic posts and determine which is performing best. Lucia Moses of Digiday reported that publishers in the test group can create up to four... Continue reading at AdWeek
[ AdWeek | 2018-08-31 00:00:00 UTC ]
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