NEW YORK— U.S. newspaper industry revenue fell last year, as increases in circulation revenue weren't high enough to make up for shrinking demand for print advertising, an industry trade group said Friday. The Newspaper Association of America said revenue fell 2.6 percent to $37.6 billion in 2013..» Read More
U.S. newspaper publishers limped through their first week of earnings without offering any signs of when a slump in advertising revenue, exacerbated by the poor housing market, may end.
McGraw-Hill reported an 18 percent rise in third-quarter profit on Thursday, helped by rising textbook sales and strong growth in international bond ratings at its Standard & Poor's unit.
Australia's Publishing & Broadcasting will push ahead with plans to split its media and gaming assets into separate companies after deciding on Wednesday that new tax laws would not impact the demerger.
E.W. Scripps, a television broadcaster and newspaper publisher, said Tuesday it plans to split into two publicly traded companies.
Belo said Monday it plans to spin off its newspapers -- which have been struggling to keep readers and advertising dollars -- into a new company that will operate separately from its 20 television stations.
Harry Potter publisher Bloomsbury Publishing saw first-half sales jump 36.5% as export orders for the seventh Harry Potter book and 34 international bestsellers kept bookworms flocking to stores.
German media group Bertelsmann, the purveyor of books, CDs and other entertainment, lost 51 million euros ($69.52 million) in the first half of 2006 after costs related to settling copyright claims that arose from its backing of file-sharing service Napster eroded its overall results, it said Tuesday.
Tribune shareholders on Tuesday approved a proposed $8.2 billion buyout of the newspaper publisher and broadcaster by real estate tycoon Sam Zell.
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As "Harry Potter" fans await the final installment of the popular series, CNBC’s Maria Bartiromo sat down with George Jones, chief executive of Borders Group, on “Closing Bell.” “'Harry Potter' is an important part of our business. It’s not that we make a whole lot of money on each of the books we sell, but it draws a lot of people into the stores and gives us a chance to sell other things and maybe in some cases, reintroduce them to Borders,” said Jones.
Maybe it should be called "Harry Potter and the Deathly Discounts." British retailer Asda Group said Thursday that it would sell the final installment of the Harry Potter series for just 5 pounds ($10), just over one-fourth of the recommended retail price.
Book publisher Scholastic said Thursday its fiscal fourth-quarter profit climbed 5% on increased international and media, licensing and ad sales, but the result missed Wall Street expectations.
Scholastic, which distributes the Harry Potter book series in the United States, said Wednesday it will take legal action against two companies for distributing and selling copies of "Harry Potter and the Deathly Hallows" before it goes on sale July 21.
Anglo-Dutch publisher Reed Elsevier is close to a deal to sell its U.S. education arm Harcourt to rival Houghton Mifflin Riverdeep for about $4 billion, people familiar with the situation said on Monday.
The seventh and final book in J.K. Rowling's Harry Potter series has become online retailer Amazon's most pre-ordered product, with almost 1.6 million copies bought globally ahead of the book's release on July 21.
He's best known as the Oracle of Omaha (which makes for a nice alliteration) but the British publisher that's cashed in on the magically profitable Harry Potter series is counting on Warren Buffett to be their new 'Wizard' of Omaha. (Warren the Wizard?)
Amazon.com has taken more than a million pre-orders for the final "Harry Potter" book due out in July, but the world's largest Web retailer won't make a profit, Chief Executive Jeff Bezos told shareholders at the company's annual meeting Thursday.
Informa, the publisher of Lloyd's List maritime newspaper, said Monday it agreed to buy market intelligence firm Datamonitor for 502 million pounds ($994 million; 737 million euros).
Australia's Publishing & Broadcasting said on Tuesday it would split its gaming and media assets into two listed companies, sending its shares up as much as 8.5%.
Media stocks are cheap, so some big players in the industry are saying “Let’s make a deal.” This week's flurry of potential media mergers includes such heavyweights as News Corp., Dow Jones, Reuters and Thomson. Analysts say that the main driver behind the proposed combinations is that media stocks are relatively cheap, making companies ripe for picking.