Wiley Cuts Financial Forecast for Fiscal 2020

John Wiley & Sons estimated the coronavirus outbreak will drop revenues for the fiscal year ending April 30 by about $50 million from its previous expectations, president and CEO Brian Napack said. Adjusted EBITDA is expected to be $25 million lower than original forecasts. Continue reading at 'Publishers Weekly'

[ Publishers Weekly | 2020-04-09 04:00:00 UTC ]

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For China's Book Biz Right Now, There's Nothing to Do But Work and Wait

An editor at a Beijing-based publisher describes the Chinese book business in the wake of the coronavirus outbreak. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-03-06 05:00:00 UTC ]
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BookExpo to go ahead as planned in May

Officials from BookExpo in the US have said the event is scheduled to go ahead as planned in May, as book fairs around the world cancel or postpone events due to the coronavirus outbreak.  Continue reading at The Bookseller

[ The Bookseller | 2020-03-05 07:30:22 UTC ]
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London Book Fair cancelled as major publishers pull out over coronavirus fears

London Book Fair has been cancelled in the wake of the coronavirus outbreak, hours after major publishers said they would not attend. Continue reading at The Bookseller

[ The Bookseller | 2020-03-04 06:57:39 UTC ]
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Disappointment but also some relief as 'inevitable' LBF cancellation is confirmed

The book trade has expressed disappointment at the cancellation of the London Book Fair but accepted that it was the right call, as the UK works on containment of the coronavirus outbreak. Continue reading at The Bookseller

[ The Bookseller | 2020-03-04 04:39:23 UTC ]
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HarperCollins UK and S&S UK pull out of London Book Fair

HarperCollins UK and Simon & Schuster have joined the rest of the Big Five publishers in announcing they are not attending the London Book Fair following the coronavirus outbreak. Continue reading at The Bookseller

[ The Bookseller | 2020-03-03 22:29:32 UTC ]
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LBF LATEST: Amazon withdraws as US teams at HarperCollins and Hachette exit fair

Amazon has pulled out of the London Book Fair, as the US businesses of HarperCollins and Hachette have joined Simon & Schuster, Macmillan and Penguin Random House in withdrawing a number of their rights staff from the London Book Fair amid the coronavirus outbreak, adding pressure on the... Continue reading at The Bookseller

[ The Bookseller | 2020-03-01 20:42:21 UTC ]
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Simon & Schuster US pulls out of London Book Fair

Simon & Schuster’s US team will not be attending the London Book Fair this year over "health and safety" fears following the coronavirus outbreak. Continue reading at The Bookseller

[ The Bookseller | 2020-02-28 11:51:27 UTC ]
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Italy's AIE asks for delay on new discount limits

Over 200 publishers and publishing imprints in Italy’s Publishers Association (the Associazione Italiana Editori or AIE) have signed an open letter to the country’s government, asking it to delay the implementation of controversial new rules on book discounting, and citing the coronavirus... Continue reading at The Bookseller

[ The Bookseller | 2020-02-25 20:35:16 UTC ]
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Bologna Children's Book Fair postponed to May due to coronavirus outbreak

The Bologna Children’s Book Fair has been postponed for a month owing to the coronavirus outbreak in Italy, organisers announced today.  Continue reading at The Bookseller

[ The Bookseller | 2020-02-24 03:08:08 UTC ]
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Reed 'monitors' coronavirus situation, as Asia attendees stay away from LBF

Trade professionals are predicting business much as usual at the London Book Fair, despite attendees from China and surrounding countries pulling out over the coronavirus outbreak. Continue reading at The Bookseller

[ The Bookseller | 2020-02-19 19:44:34 UTC ]
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Layoffs loom for Mashable as site reportedly sells for less than $50M

The digital media bubble continues to show signs of bursting. Recode reports that Mashable–once valued at $250 million–is selling itself to publisher Ziff Davis for less than $50 million. The site will reportedly lay off about 50 employees and refocus coverage on “tech and tech-lifestyle... Continue reading at Fast Company

[ Fast Company | 2017-12-05 00:00:00 UTC ]
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ANA Pushes $50 Million Digital Media Pilot to Combat 'Ad-Tech Tax'

After years of complaining about digital media fraud, brand safety and other problems, the Association of National Advertisers hopes to do something about it, starting a six-month pilot with what it hopes will be 35 marketers and more than $50 million in spending for 30 premium online... Continue reading at Advertising Age

[ Advertising Age | 2017-08-17 00:00:00 UTC ]
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Facebook Pays Publishers Over $50 Million to Start Using Live Video

Company signs over $50 million in deals with 140 companies and celebrities for Facebook Live content. The post Facebook Pays Publishers Over $50 Million to Start Using Live Video appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2016-06-23 00:00:00 UTC ]
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Haynes sees profits tumble

Haynes Publishing Group saw an 11% revenue drop for the 12 months to end May 2015 at £26.1m, down from £29.3m the year before. Adjusted EBITDA at the car manuals publisher was down 20% to £8.7m (£10.9m in the year to end May 2014) while operating profit fell 35.5% to to £3.1m (from... Continue reading at The Bookseller

[ The Bookseller | 2015-09-25 00:00:00 UTC ]
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Livingly Media Sells to European Publishing Group for $25 Million

Price could escalate to $50 million over the next four years. The post Livingly Media Sells to European Publishing Group for $25 Million appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2015-02-19 00:00:00 UTC ]
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Apple's $450 million ebooks settlement gets final approval

A federal judge in New York has given final approval to a settlement in which Apple will pay $450 million for its role in a conspiracy to fix prices for ebooks. Judge Denise Cote of the U.S. District Court in Manhattan called the settlement “fair and reasonable.” It requires Apple to pay $400... Continue reading at PC World

[ PC World | 2014-11-22 00:00:00 UTC ]
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Sales Up, Earnings Down at HMH Trade

Sales at Houghton Mifflin Harcourt’s trade segment rose 1.5% in the third quarter of 2014 compared to the same period last year, rising to $46.5 million. Adjusted EBITDA , however, dropped 16.3% to $7.2 million. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-11-06 00:00:00 UTC ]
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The Tortured History of HMH

Born under a mountain of debt in late 2007, Houghton Mifflin Harcourt forced its executives to spend as much time finding ways to keep the company financially afloat as publishing educational materials and trade and reference books. That is one reason why when HMH filed for Chapter 11 protection... Continue reading at Publishers Weekly

[ Publishers Weekly | 2012-05-25 00:00:00 UTC ]
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Movie Projector: 'The Lorax' hopes to plant a seed with audiences

The 3-D animated film, based on a 1971 book by Dr. Seuss, could debut with as much as $50 million at the box office this weekend."Dr. Seuss' the Lorax" is primed to rake in lots of green at the box office this weekend. Continue reading at Los Angeles Times

[ Los Angeles Times | 2012-03-02 00:00:00 UTC ]
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