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 ]
News tagged with:
#coronavirus outbreak
#$50 million
#adjusted ebitda
Spotify has a new plan for US subscribers that keeps you on the old $11 monthly pricing — as long as you don’t mind ditching audiobooks. The new Basic tier includes the music and podcast content you get from Premium but without 15 hours of audiobook access, a recently added feature we suspect... Continue reading at Engadget
[ Engadget | 2024-06-21 18:36:40 UTC ]
More news stories like this | All news stories tagged with:
#audiobook
#royalty model
#$150 million
#deceiving consumers
#increase profits
Barnes & Noble Education has released preliminary financial results that showed company revenue rising 1.5% in the fiscal year ended April 27, 2024, and net loss falling to $63 million, from $90 million a year ago. Total sales were $1.57 billion. B&NE expects to receive final approval... Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-05-28 04:00:00 UTC ]
More news stories like this | All news stories tagged with:
#barnes
#total sales
The American Booksellers Association held its annual meeting and community forum with 128 individuals and store locations in attendance. ABA’s present membership includes 2,433 bookstore companies with 2,844 store locations, representing “an 11% increase in membership year over year,” according... Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-05-23 04:00:00 UTC ]
More news stories like this | All news stories tagged with:
#american booksellers association
#bookstore
#11% increase
#annual meeting
Sales and profits at Educational Development Corp. soared in the early months of the pandemic, but the company has labored to downsize its business after overexpansion led to rising expenses. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-05-22 04:00:00 UTC ]
More news stories like this | All news stories tagged with:
#early months
The Financial Times has become the latest news organization to strike a deal with OpenAI. In a joint announcement on Monday, the Financial Times and OpenAI said that maker of ChatGPT will use the Financial Times’ journalism to train its AI models and collaborate on developing new AI products and... Continue reading at Engadget
[ Engadget | 2024-04-29 17:32:56 UTC ]
More news stories like this | All news stories tagged with:
#german publisher
#prisa media
#le monde
#die welt
#business insider
#data sources
#ai companies
#generative ai
#$5 million
#$1 million
#financial terms
One of the great embarrassments of New York, the richest city in America, is how money can’t be found to keep public libraries open every single day.It is, truly, a matter of priorities. Other far-reaching, progressive policy proposals can come with enormous upfront costs — municipal or... Continue reading at Crains New York
[ Crains New York | 2024-04-29 15:50:14 UTC ]
More news stories like this | All news stories tagged with:
#public libraries
#libraries
#ross barkan
#community centers
#working class
#physical spaces
As baby boomers have aged, they have accumulated more assets leading to more discretionary spending. Since retiring two years ago, Joan Harris has upped her travel game.Once or twice a year, she visits her two adult children in different states. She’s planning multiple other trips, including to... Continue reading at Fast Company
[ Fast Company | 2024-04-29 13:22:05 UTC ]
More news stories like this | All news stories tagged with:
#science fiction
#key factor
#consumer confidence
#michael brown
#long term
OpenAI, Google and Meta ignored corporate policies, altered their own rules and discussed skirting copyright law as they sought online information to train their newest artificial intelligence systems. Continue reading at The New York Times
[ The New York Times | 2024-04-06 09:00:17 UTC ]
More news stories like this | All news stories tagged with:
#copyright law
The City Council said it has found an additional $6 billion in newly identified city dollars to undo many of Mayor Eric Adams’ spending cuts and make new investments in affordable housing construction and education.Lawmakers on Monday released their official response to the mayor’s $109 billion... Continue reading at Crains New York
[ Crains New York | 2024-04-01 17:27:55 UTC ]
More news stories like this | All news stories tagged with:
#libraries
#$400 million
#migrant crisis
#speaker adams
#$55 million
#$200 million
Wiley’s ongoing restructuring and streamlining efforts began to bear some fruit in the quarter ended January 31, 2024, prompting the company to raise its earning forecast for the fiscal year ending April 30. CEO Matthew Kissner said that the company expects continued “material performance and... Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-03-07 05:00:00 UTC ]
More news stories like this | All news stories tagged with:
Two prominent novelists have broken with PEN America over the organization’s decision to platform controversial actor and outspoken ceasefire opponent Mayim Bialik, as well as its relative silence on the unfolding genocide in Gaza (which so far has claimed the lives of at least 120 writers,... Continue reading at Literrary Hub
[ Literrary Hub | 2024-01-31 20:56:06 UTC ]
More news stories like this | All news stories tagged with:
#novelists
#national book award
#cut ties
#pen america
#prominent novelists
#gaza silence
Amazon-owned online audiobook and podcast service Audible is laying off about 5% of its workforce Continue reading at ABC News
[ ABC News | 2024-01-11 22:47:05 UTC ]
More news stories like this | All news stories tagged with:
#audiobook
#job cuts
As part of its efforts to create a leaner and more profitable company, Wiley began its restructuring plan in the second quarter, which included consolidating some functions and selling assets. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-12-06 05:00:00 UTC ]
More news stories like this | All news stories tagged with:
#selling assets
#restructuring plan
Revenue in the quarter ended September 30, 2023, rose 8% over fiscal 2023 at HarperCollins, and profits jumped 67%. Executives at parent company News Corp expect the publisher to show marked improvement over last year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-11-10 05:00:00 UTC ]
More news stories like this | All news stories tagged with:
#news corp
Napack has stepped down as president and CEO of Wiley, and has been replaced on an interim basis by Matthew Kissner. Kissner is charged with overseeing Wiley's plan to make the company more profitable by focusing on its core areas of research and learning. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-10-10 04:00:00 UTC ]
More news stories like this | All news stories tagged with:
#core areas
#interim basis
#brian napack
The former editor explains how she turned her acclaimed publishing world satire into a Hulu series, while learning to 'divide' herself from her heroine. Continue reading at Los Angeles Times
[ Los Angeles Times | 2023-09-13 19:57:43 UTC ]
More news stories like this | All news stories tagged with:
#publishing world
#black girl
In the first half of 2023, publishers struggled to keep expenses down, with multiple companies citing higher costs as the major reason margins shrank in the first six months of 2023. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-09-01 04:00:00 UTC ]
More news stories like this | All news stories tagged with:
#publishers struggled
#big publishers
The Principal Foundation and the Center for Fiction are teaming up with French independent publisher Short Édition on a short story contest meant to entice readers to consider the almighty dollar through “the universal art form of storytelling.” Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-08-29 04:00:00 UTC ]
More news stories like this | All news stories tagged with:
#short stories
#independent publisher
#entice readers
Safiya Sinclair was raised to be Rastafari; instead, she became a poet. Why it took her more than a decade to write the lyrical memoir 'How to Say Babylon' Continue reading at Los Angeles Times
[ Los Angeles Times | 2023-08-28 15:00:14 UTC ]
More news stories like this | All news stories tagged with:
#memoir
#safiya sinclair
#lyrical memoir
Showing that publishers are better off controlling their own programmatic destiny, news publisher Salon has grown revenue after cutting off access to its inventory for the vast majority of resellers earlier this year. That increase comes that's from being able to charge more for its inventory... Continue reading at AdWeek
[ AdWeek | 2023-08-16 11:53:00 UTC ]
More news stories like this | All news stories tagged with:
#news publisher
#vast majority