The Sun records £68m loss amid falling sales and hacking damages

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 Murdoch’s News Group Newspapers, which publishes the Sun and retains liability for the activities of the News of the World, spent an enormous £54m on legal fees and damages related to the illegal interception of voicemails. Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2020-02-23 15:59:03 UTC ]
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The Sun records £68m loss amid falling sales and hacking damages

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 ]
More news stories like this | News stories tagged with: #print sales


Harry Potter publisher Bloomsbury reports record sales amid reading boom

People who turned to books during Covid lockdowns continuing to buy them, company saysBloomsbury has reported a record year for sales, as the Harry Potter publisher said the increase in reading during the pandemic had become “permanent” after lockdowns eased.The company benefited substantially... Continue reading at The Guardian

[ The Guardian | 2022-06-15 08:09:40 UTC ]
More news stories like this | News stories tagged with: #record year #covid restrictions #harry potter #bloomsbury


Quad/Graphics Reports $12M Loss Amid Declining Sales in Q1

Quad/Graphics posted a net loss of $12.4 million in the first quarter of 2020, the Wisconsin-based commercial printer reported on Wednesday, a significant improvement over its $22.8 million net loss in Q1 of 2019. Net sales dropped 14.4% year-over-year to $823 million, the company said, a... Continue reading at Folio Magazine

[ Folio Magazine | 2020-05-06 18:09:12 UTC ]
More news stories like this | News stories tagged with: #shelter-at-home orders #earnings report #lsc communications


B&N Education Sales Fall 5% in Q1, Loss Up Slightly

Barnes & Noble Education reported that revenue in the first quarter, ended July 28, fell to $337.5 million, down from $355.7 million a year ago. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-08-22 00:00:00 UTC ]
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Russia’s Readers Raise the Digital Stakes Amid Falling Print Sales

Reports in Russia describe a 60-percent growth in ebook sales last year, and analysts say digital formats may grow at 30 to 50 percent for years to come. The post Russia’s Readers Raise the Digital Stakes Amid Falling Print Sales appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2017-05-22 00:00:00 UTC ]
More news stories like this | News stories tagged with: #post russia #ebook sales #digital formats


Sun publisher posts £250m loss due to write-down and hacking costs

Rupert Murdoch’s News Group Newspapers pushed to loss as value of publishing rights falls and £50m is set aside to deal with continuing cost of hacking scandalThe publisher of the Sun has recorded a loss of more than £250m after making a huge write-down and paying out further costs associated... Continue reading at The Guardian

[ The Guardian | 2016-03-23 00:00:00 UTC ]
More news stories like this | News stories tagged with: #rupert murdoch #phone hacking #public officials #legal fees


Company magazine to go digital-only amid falling sales

Hearst says October edition will be final print issue, adding that it was too soon to say whether jobs would be affectedCompany magazine, the monthly Hearst UK glossy aimed at younger women, will cease print publication after 36 years in September and go online-only.Hearst announced on Wednesday... Continue reading at The Guardian

[ The Guardian | 2014-08-13 00:00:00 UTC ]
More news stories like this | News stories tagged with: #company magazine #hearst announced


Sales Fall in Q2 as Wiley Lowers Sales Forecast for Year

Sales fell 3% at John Wiley in the second quarter ended October 31, largely due to a 14% revenue decline in its academic and publishing learning group. Trouble in the group prompted the company to lower its revenue forecast for fiscal 2023, though its earnings predictions remained intact. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-12-07 05:00:00 UTC ]
More news stories like this | News stories tagged with: #sales fall #john wiley #largely due


Printed book sales fall as Christmas digital sales rise

Physical book sales in the final week of the year totalled £22.5m — down 70% week on... Continue reading at The Bookseller

[ The Bookseller | 2012-01-04 00:00:00 UTC ]
More news stories like this | News stories tagged with: #final week


A Slimmer Quarto Group Sees Sales and Earnings Fall

The combination of its decision to streamline its business and softer industry sales resulted in revenue at Quarto Group falling 16% in the first half of 2023, to $52 million. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-08-30 04:00:00 UTC ]
More news stories like this | News stories tagged with: #earnings fall #quarto


Print Book Sales Improve, Falling Only 1.6% Last Week

A flat sales performance by the adult category and smaller declines in the children’s segments than has been typical in recent weeks resulted in a smaller decline in total unit sales of print books last week. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-07-13 04:00:00 UTC ]
More news stories like this | News stories tagged with: #adult category #print books


Prince Harry asks for £440,000 in damages as phone-hacking case ends

If Harry wins he will have to thank legal precedent set by apprentice chimney sweep 300 years agoIf Prince Harry wins his phone-hacking claim against Mirror Group Newspapers he will have to thank a legal precedent set by an apprentice chimney sweep more than 300 years ago.The royal’s case... Continue reading at The Guardian

[ The Guardian | 2023-06-30 16:17:33 UTC ]
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Indigo Had C$49 Million Loss in Fiscal 2023 on Small Sales Decline

Indigo Books & Music, Canada's leading book retailer, reported that retail sales improved, as the company recovered from pandemic-era lockdowns, but online sales suffered, due in part to a cyberattack earlier this year. Markus Dohle has also joined the company board. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-06-27 04:00:00 UTC ]
More news stories like this | News stories tagged with: #markus dohle #company board


Amazon's Kindle falls back to $80 in e-reader sale

The season of sitting outside in the sun and reading is upon us — and, fortunately, so is a sale on Kindle e-readers. Amazon is running a deal on its adult and kids Kindles, with the original model down from $100 to $80 — a 16 percent discount. At this price, the base model is just short of its... Continue reading at Engadget

[ Engadget | 2023-06-12 10:55:39 UTC ]
More news stories like this | News stories tagged with: #standard kindle #base model #300ppi display #battery life #good option #buying advice #follow @engadgetdeals #kindle


Vice files for bankruptcy protection amid cut-price sale to consortium

Digital publisher and owner of Vice News and Vice TV was once valued at $6bn but has agreed sale for $225mVice, the once high-flying media startup that reached a peak valuation of nearly $6bn (£5bn), has filed for bankruptcy protection in the US as the digital publisher engineers a cut-price... Continue reading at The Guardian

[ The Guardian | 2023-05-15 09:23:50 UTC ]
More news stories like this | News stories tagged with: #vice news #vice tv #bankruptcy protection #$6bn 5bn #digital publisher


Taylor Swift Can't Prevent Book Sales from Falling

A Little Golden Book biography of Taylor Swift sold more than 102,000 copies in first week on sale, but sales in all major categories still fell. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-05-11 04:00:00 UTC ]
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S&S Sales Topped $1 Billion in Record 2022

With all of its operating groups reporting sales gains, revenue and profits hit record levels in 2022 at Simon & Schuster. CEO Jonathan Karp called the year "stratospheric." Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-02-16 05:00:00 UTC ]
More news stories like this | News stories tagged with: #simon schuster


Prince Harry’s ‘Spare’ Memoir Breaks Sales Records

The steady drumbeat of revelations that preceded the book’s release helped push early orders and initial sales, making “Spare,” on its first day, one of the best-selling hardcover books in recent memory. Continue reading at The New York Times

[ The New York Times | 2023-01-11 22:07:48 UTC ]
More news stories like this | News stories tagged with: #prince harry #recent memory #memoir


Sourcebooks Has Record First Quarter Sales

Widespread changes made last year to such things as its supply chain, remote work, and efforts to reach consumers led to a point-of-purchase print unit sales increase of 36% at Sourcebooks in the first quarter of 2022 over the comparable period in 2021. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-04-12 04:00:00 UTC ]
More news stories like this | News stories tagged with: #quarter sales #supply chain #remote work


Print Sales Likely to Fall in 2022

The past two years saw strong gains in unit sales of print books due to the pandemic and other factors, but that trend is unlikely to continue this year. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-01-28 05:00:00 UTC ]
More news stories like this | News stories tagged with: #print sales #strong gains