On the morning of day three of the Digital Book World Conference + Expo, HarperCollins president and CEO Brian Murray offered his take on the future of his company and the industry at large. Sitting down with conference chair Mike Shatzkin, Murray spoke on HarperCollins' recent acquisitions, how the company is managing change, and how it is responding to self-publishing and subscription models.
(Reuters) - News Corp (NWSA.O), publisher of the Wall Street Journal, reported better-than-expected quarterly revenue as growth in its book publishing business helped to make up for a decline in revenue in its bigger news and information division.
News Corp, whose shares were up marginally at $17.50 in after-market trading on Thursday, has been focusing more on book publishing as its newspaper business struggles with weak ad spending in an increasingly digital world.
Amazon (AMZN) puts out two sets of numbers in its quarterly financial reports that consistently generate awe and indignation. The first: a soaring revenue number. The second: a tiny profit or-more often in recent years-a loss.
The past quarter was no different. Amazon showed nice sales growth in Thursday's earnings report, bringing in $19.34 billion-23 percent more than it did a year ago, and slightly better than analyst's expectations. It's also a bit better than Google, (GOOG) which grew 22 percent last quarter, and way better than EBay's (EBAY) 13 percent revenue growth.
Bloomsbury has put seen a 9% drop in revenue over the three months to 31st May 2014, which chief executive Nigel Newton explained as "a quiet quarter".
Total revenues at the publisher were down 9% compared to the same period in 2013, when they had been up 19% on the year before. In an interim management statement, the company said revenue for the quarter was 7% up compared to the same period in 2012.
With tablet sales up year after year, ebook reader sales have been declining, much to the dismay of E-ink. This screen manufacturer is predicting that their revenues will decrease over this quarter and the next as a result of seasonal drops in ereader sales.
In a conference call with investors, E-ink CFO Eddie Chen reported that revenue is expected to decrease between 5 percent and 10 percent from last quarter's NT$5.86 billion ($192 million USD). With revenue at such a level
The international media company Bertelsmann invested heavily in expanding its businesses in 2013, as the company increased its revenues, operating result and Group profit. Investments in implementing the Group's strategy amounted to €2 billion, including financial debt assumed, up from €655 million in the previous year, and its largest sum since 2005. Group profit increased by 42 percent to €870 million. This is the highest Group profit since 2006, and is well above the latest expectations.
Cenveo Publisher Services, a leading content and publishing solutions company, today announced the launch of a survey to assess publishers' profitability for digital apps and other mobile products. Publishers have invested heavily in technology for decades and audiences expect both print and digital formats of content across devices. The "Making Digital Pay" survey will provide a comprehensive baseline for the industry to understand where publishers are in comparison with others on the profitability scale.
Houghton Mifflin Harcourt Co. HMHC +3.87% said its fourth-quarter loss widened on higher expenses in its first quarterly report since the company went public.
The publisher of popular titles such as "Curious George" and J.R.R. Tolkien's "The Hobbit" expects revenue growth for the year between 5% and 8%, mainly on continued growth in its education segment. Analysts polled by Thomson Reuters were looking for 8% growth to $1.47 billion.
Torstar Corp., owner of the Toronto Star and other newspapers and the Harlequin book publishing company, reports that its fourth-quarter profit was stable despite a decline in revenue
The Toronto-based media company had $20.6 million of net income in the three months ended Dec. 31, little changed from $21.1 million a year earlier. Net income per share was unchanged at 26 cents; adjusted earnings fell one cent to 48 cents per share.
Reed Elsevier, which competes with Thomson Reuters, is moving more of its content to digital platforms, where data can be more easily organised, searched and analysed.
Its risk solutions business, which provides data to clients in financial services, achieved underlying revenue growth of 8 percent last year, driven by a strong take-up of new products by the insurance industry.