April 24- Scholastic Corp said it would sell its educational technology and services business to publisher Houghton Mifflin Harcourt Co for $575 million in cash, as it focuses on its core children's book publishing business. Scholastic, publisher of the "Harry Potter" series in the United States, has also benefited from the popularity of Minecraft Handbook...» Read More
A "clever and sharp" restaurant guide company with "telling" rankings and "a penchant for quote marks" from its thousands of "in-the-know" reviewers is "on the block."
German publisher Axel Springer said Tuesday that it plans to sell its 12 percent stake in broadcaster ProSiebenSat.1 Media in a deal worth more than 509 million euros ($746 million).
Emap, the publisher of magazines such as FHM and Heat, said Friday it agreed to sell its consumer media and radio units to Heinrich Bauer Verlag for 1.14 billion pounds (1.58 billion euros; $2.3 billion) and will return most of the proceeds to shareholders.
The chairman of the U.S. Federal Communications Commission said Wednesday he wants to grant media group Tribune a temporary exemption from U.S. media ownership rules, removing an obstacle to an $8.2 billion leveraged buyout of the company.
News Corp. Chairman Rupert Murdoch said on Tuesday the company had made a strong start to the second quarter with the global credit market squeeze so far not having much affect on forward advertising.
Shutterfly reported a third-quarter loss of $3.3 million, or 14 cents per share, as compared to a loss of 2.7 million, or 70 cents per share, in the year-ago quarter.
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.