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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IPA’s Kolman: role for publishers in ‘post-truth’ world

Publishers should stand as “beacons of trustworthiness” in an age of fake news and alternative facts, International Publishers Association president Michiel Kolman has said. Continue reading at The Bookseller

[ The Bookseller | 2017-03-17 00:00:00 UTC ]
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Sandstone to publish look at post-referendum Scotland

Sandstone Press is to publish The Passion of Harry Bingo: Further Dispatches from Unreported Scotland by Peter Ross. Continue reading at The Bookseller

[ The Bookseller | 2017-03-10 00:00:00 UTC ]
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Knopf to Publish Memoir of a Father’s Loss

Jayson Greene's memoir of grieving after his two-year-old daughter's death, 'Once More We Saw Stars,' will be published in 2019. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-02-10 00:00:00 UTC ]
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What Axel Springer’s loss in ad-blocking suit means for UK publishers

Axel Springer and ad blocking company Eyeo have clashed in several court battles. Most recently, the German publisher was handed a slight victory; the ad block company cannot accept a fee from the publisher to be on its acceptable ads initiative. This is encouraging for U.K. publishers; however,... Continue reading at Digiday

[ Digiday | 2016-06-29 00:00:00 UTC ]
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Facebook to Push Friends' Posts Higher, Likely to Publishers' Detriment

It's a fact: Most publishers rely on Facebook for a significant portion of their referral traffic. As such, they watch carefully as Facebook makes decisions about what kind of content to prioritize in the all-important News Feed product that is at the center of the social network.On Wednesday,... Continue reading at Advertising Age

[ Advertising Age | 2016-06-29 00:00:00 UTC ]
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Verso to publish 'explosive' book on tax havens

Verso Books is to publish Dirty Secrets, an "explosive" new book from tax expert Richard Murphy, following the revelations from the Panama Papers. Continue reading at The Bookseller

[ The Bookseller | 2016-05-06 00:00:00 UTC ]
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Newfoundland and Labrador Publishers Unite Against Increased Book Tax

Residents and publishers in the remote Canadian province are wringing their hands over a 10% tax jump on all book purchases, set to take effect in January 2017. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-04-21 00:00:00 UTC ]
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Publishers’ Loss in GSU Copyright Case Just Got a Little Worse

In an order filed yesterday, a federal judge clarified that the publisher plaintiffs prevailed on just four counts of alleged infringement, rather than seven. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-04-15 00:00:00 UTC ]
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How The Washington Post, Slate and other publishers are using Facebook Instant Articles

It's been almost a year since Facebook launched Instant Articles, giving publishers the promise of fast-loading pages if they gave up control over their content and distribution. With a rollout to all publishers just weeks away, participants including The Washington Post, Slate, LittleThings,... Continue reading at Digiday

[ Digiday | 2016-03-01 00:00:00 UTC ]
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Post-Lawsuit, HC Publishing 'Julie of the Wolves' E-book

The announcement comes after a federal judge found, in 2014, that Open Road had infringed HarperCollins’ copyright by releasing an unauthorized ebook edition of the Newbery Medal-winning novel. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-01-12 00:00:00 UTC ]
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Post Co. Sells Newspapers to Adams Publishing Group LLC

The Post Co. which includes the daily Idaho Falls Post Register and three weekly newspapers in Shelley, Challis, and Rigby, Idaho will be sold by the Brady family to Adams Publishing Group LLC, according to John Cribb, Cribb Greene & Cope who rep ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2015-10-13 00:00:00 UTC ]
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Ziccardi Joins Post Hill Books as Publisher

After two years as publisher at Humanix Books, Anthony Ziccardi is taking over as publisher of Post Hill Press and its pop culture imprint Permuted Press. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-10-07 00:00:00 UTC ]
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FT owners Pearson posts £115m loss

Publishing group Pearson - which is selling its Financial Times newspaper - reports a first half loss of £115m compared with £36m a year earlier. Continue reading at BBC News

[ BBC News | 2015-07-24 00:00:00 UTC ]
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Crossley joins Hachette Children’s as pre-school publisher

Hachette Children’s Group (HCG) has appointed Heather Crossley, current publisher of Ladybird Books, to the newly created role of pre-school and baby publisher.   Starting in early autumn, Crossley will create a new pre-school and baby imprint. She will report directly to c.e.o. Hilary Murray... Continue reading at The Bookseller

[ The Bookseller | 2015-07-08 00:00:00 UTC ]
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Guardian to pre-publish first Lee chapter

The Guardian is to publish the first chapter of Harper Lee’s forthcoming novel Go Set a Watchman (William Heinemann) ahead of publication, as part of the publicity campaign building up to the novel’s release next week. Go Set a Watchman will be released on Tuesday 14th July. The Guardian will... Continue reading at The Bookseller

[ The Bookseller | 2015-07-07 00:00:00 UTC ]
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Big Publishers Will Now Post Stories Straight to Facebook

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[ Wired | 2015-05-13 00:00:00 UTC ]
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How one publisher is working around Facebook’s pre-roll ad ban

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[ Digiday | 2015-04-30 00:00:00 UTC ]
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Romanian Publishers “Surviving,” Culture Tax Considered

Romanian publishers are merely 'surviving' says the publishers association, and may suffer more if the government imposes a new tax on cultural goods. The post Romanian Publishers “Surviving,” Culture Tax Considered appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2015-04-30 00:00:00 UTC ]
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Publishers take ad-targeting cues for Facebook posts

Facebook's tentacles are reaching deeper into the publishing ecosystem. One of its newest tools, interest targeting, lets publishers target their content on Facebook to fans of niche communities like sports or TV shows. The tool is showing results for publishers like The New York Times, which is... Continue reading at Digiday

[ Digiday | 2015-04-20 00:00:00 UTC ]
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Controversy: Pearson Publishing Monitoring Students’ Twitter Posts

The New York Times reports that educational publisher Pearson has been “monitoring student media” to find possible "leaks" of the company's tests. The post Controversy: Pearson Publishing Monitoring Students’ Twitter Posts appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2015-03-20 00:00:00 UTC ]
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