Bloomsbury: Fiction sales boost Harry Potter publisher Retail Harry Potter publisher Bloomsbury said its sales last year were ahead of market expectations and driven by success in its consumer division. Analysts had expected the firm to report a revenue drop of two per cent to £333.4m, as well as a twenty per cent drop in profit before tax of £39.6m in the year ending February [...]
Future: Investment plan looks set to pay off at publisher Business The Growth Acceleration Strategy is a two-year investment programme worth £25-30m, which was launched in December 2023.
Condé Nast: Profit slashed at Vogue and GQ owner Media Profit at the UK arm of Condé Nast, the publishing giant behind the likes of Vogue and GQ, has been slashed as it battles a rise in costs. The company, whose publications also include Vanity Fair, Architectural Digest, Wired and Condé Nast Traveller, has reported a pre-tax profit of £8.3m for 2023, according to newly-filed [...]
Pearson: Educational publisher starts to reap rewards of AI October 29, 2024 Pearson said it is starting to see “commercial benefit” from the integration of artificial intelligence (AI) into its services. The education publisher said there have been over five million student interactions with its higher education AI study tools in the nine months to September, leading to double-digit year on year billings growth in its higher [...]
Harry Potter keeps flying off shelves as Bloomsbury breaks records October 24, 2024 Sarah J. Maas and the still-popular JK Rowling Harry Potter books are set to help publisher Bloomsbury beat expectations, it was announced this morning. In its results for the six months to 31 August, the publishing house told markets consumer revenue was up 47 per cent to £131.3m for the half year, up from £89.4m, [...]
Future shares drop after boss announces exit October 18, 2024 Future shares dropped as much as 10 per cent in early deals this morning after the company announced that its boss would be leaving the business after only a year and a half at the helm. The publisher, which owns titles including Country Life, Marie Claire and T3, said chief executive John Steinberg would step down [...]
The Independent’s profit soars after TV and US growth October 7, 2024 British online news site The Independent has seen profits soar on the back of its success in TV and US expansion, lining it up for double-digit revenue growth in 2024. In its financial year 2023, operating profit shot up by 82 per cent to £3.5m, from £1.9m the previous year, despite flat annual revenue at [...]
City A.M. marks 20th year with rebrand and weekly London Standard partnership September 18, 2024 City A.M. is embarking on its 20th year of existence with a fresh rebrand and an exciting new partnership with the now weekly London Standard. 70,000 copies of City A.M.’s re-branded print edition will be available from 6am Monday – Thursday, alongside the new weekly edition of the Evening Standard, now called The London Standard. [...]
The Devil Wears Prada sequel to mirror Vogue’s decline July 9, 2024 A sequel to The Devil Wears Prada is finally in the works, but how close will its plot mirror the reality of Vogue's decline?
Bloomsbury reckons new acquisition will be ‘game-changing’ for Harry Potter publisher May 29, 2024 The publisher behind Harry Potter books has boosted its academic publishing arm with the $83 (65m) acquisition of Rowman & Littlefield.