Showing posts with label Jane Friedman. Show all posts
Showing posts with label Jane Friedman. Show all posts

Sunday, August 09, 2009

MediaWeek (Vol 2, No 31): Education, Oxfam, e-Readers, Journals

Some of these were on the twitter (@personanondata) this week.

The NYTimes looks at digital content in schools and recognise it is going to come faster to college level than school. (NYT):
Whenever it comes, the online onslaught — and the competition from open-source materials — poses a real threat to traditional textbook publishers.
Most of the digital texts submitted for review in California came from a nonprofit group, CK-12 Foundation, that develops free “flexbooks” that can be customized to meet state standards, and added to by teachers. Its physics flexbook, a Web-based, open-content compilation, was introduced in Virginia in March.
“The good part of our flexbooks is that they can be anything you want,” said Neeru Khosla, a founder of the group. “You can use them online, you can download them onto a disk, you can print them, you can customize them, you can embed video. When people get over the mind-set issue, they’ll see that there’s no reason to pay $100 a pop for a textbook, when you can have the content you want free.”
Publishing sales into the California educational market are way off given the state's budgeting issues (LAT):
California school districts spent at least $633 million on new books in 2007, according to the Assn. of American Publishers. More recent numbers are not available, but a representative of one publishing house who asked not to be named because of proprietary concerns said sales in the state -- the nation's biggest textbook market -- are off by 50% or more.

"We're all seeing a precipitous drop," said John Sipe Jr., vice president of K-12 sales in California for Houghton Mifflin Harcourt.

Fewer than 200 California districts have bought reading/literature texts this year, compared with publishers' typical expectation of 600 to 700, he said.

"This is a staggering difference for our industry," Sipe said.
Long running controversy over high street bookshops run by Oxfam which receive their stock for free. The business also has antiquarian experts on staff who identify the gems that are unknowingly donated to the shops (Telegraph)
It has been estimated that 15 years ago, there were about 3,000 second-hand and antiquarian bookshops in Britain. By 2004, there were only about 1,500 left. Everyone in the trade knows someone who has had to close. In contrast, Oxfam opened its first bookshop in St Giles, Oxford, in 1987. Today, it has 130 outlets in Britain, which make an average of 21 per cent more than the regular Oxfam charity shops.
Working in a second-hand bookshop, it is hard not to be at least a little envious. Last year, Oxfam made £19 million from selling books. Its website boasts that it is the largest retailer of second-hand books in Europe, selling around 11 million books a year. As a charity, it gets an 80 per cent reduction in business rates. It has a slick PR team, it doesn't have to pay for stock and it attracts thousands of volunteers – some of them even celebrities. It can even afford to open shops in prime retail locations: it is common to see bookshops snuggled next to major high street brands, on the Royal Mile in Edinburgh, or in Marylebone in London. The rest of us usually have to make do with less glittering locations.
Video interview with Larry Kirshbaum and Jane Friedman (GalleyCat):
Publishing giants Jane Friedman and Larry Kirshbaum shared a long, candid web video interview with Samantha Ettus--taking a blunt look at the future of publishing.
On the web show, Obsessed with Samantha Ettus, both publishing executives were frank about their leadership. "The truth is I always thought bigger was better. That was one of my mantras. Now what's happened is publishers have a bottom line to protect," explained Friedman, the former CEO of HarperCollins Publishers Worldwide. "And to protect that, they have to publish more and more books just to get that top-line revenue. That is so unhealthy."
Mediapost notes an NPD study on e-Readers:

The study found that 40% of those surveyed were only "somewhat interested" or "not interested at all" in buying an e-reader. How come? Of those who don't want one, 70% said it was because they prefer the feel of an actual book.
Among the 37% who were either "very" or "somewhat" interested in obtaining an e-reader, one of the main factors was the ability to buy and store multiple books, magazines, and newspapers. More than half of consumers were interested in features already offered in current devices like the Kindle's wireless capability and the Sony's Reader's touchscreen.
"Today's e-reader offerings are delivering capabilities that are in demand by consumers," said Ross Rubin, director of industry analysis at NPD, in a statement. "However, some features that could enhance the appeal of more popular content, such as color, remain on the drawing board."
An archived version of a PW hosted discussion on the Google Book Settlement is available (PW):
In a webinar first, the leaders involved with the crafting of the Google Library Project Settlement will share with the publishing industry the benefits of the agreement for publishers and authors. If approved by the Court in October, the agreement will create one of the most far-reaching intellectual, cultural, and commercial platforms for access to digital books for the reading public, while granting publishers unprecedented opportunities and protections. Presented in collaboration with Google, The Association of American Publishers, and Publishers Weekly, the web session is a must-attend event for publishers everywhere.
Ghostwritten scholarly 'research' papers may be a larger issue than first thought. Afterall, its not something you would promote (NYT):
The ghostwritten papers were typically review articles, in which an author weighs a large body of medical research and offers a bottom-line judgment about how to treat a particular ailment. The articles appeared in 18 medical journals, including The American Journal of Obstetrics and Gynecology and The International Journal of Cardiology.
The articles did not disclose Wyeth’s role in initiating and paying for the work.
Elsevier, the publisher of some of the journals, said it was disturbed by the allegations of ghostwriting and would investigate.The documents on ghostwriting were uncovered by lawyers suing Wyeth and were made public after a request in court from PLoS Medicine, a medical journal from the Public Library of Science, and The New York Times.

Wednesday, August 06, 2008

Harpercollins Closes Year Flat

Harpercollins saw a 18% increase in fourth quarter revenues that helped the company finish the year with operating income flat with 2007. Revenues for the quarter were $350mm versus $295 in the prior period. Full year revenues were $1,388 versus $1,347 in the prior period.

Here is the relevant section from the NewCorp press release:
HarperCollins reported fourth quarter operating income of $28 million and full year operating income of $160 million, an improvement of $7 million and $1 million as compared to the prior year periods, respectively. Current quarter results were led by strong sales of Bright Shiny Morning by James Frey, Stolen Innocence by Elissa Wall and an updated edition of YOU:The Owner's Manual by Michael F. Roizen and Mehmet Oz. During the fourth quarter, HarperCollins had 62 books on The New York Times bestseller list, including Read All About It! by Laura and Jenna Bush which reached number one. For the full year, HarperCollins had 165 books on The New York Times bestseller list, including 14 titles reaching the number one spot.
Thus the company had a margin improvement of 1pp in the final quarter but a slight decline over all. Well reported has been the change in senior management at Harpercollins with Brian Murray replacing Jane Friedman. Murray, in turn, has made changes in the executive suite notably the replacement of Glenn D'Agnes who was the long term COO.

Details on Harpercollins are always sparse in the NewsCorp disclosures and the company is rarely mentioned in the earnings conference calls.

Tuesday, February 16, 1999

2/16/99: ReedElsevier, Harpercollins, Bertelsmann,

Publishing News: 2/16/99
Newcomb leads race for Reed Elsevier CEO
Children's Television Workshop Signs Agreement Random House Inc.
Tina Brown’s Talk Magazine
Trinity opens due diligence on Mirror
HarperCollins Announces Plans to Acquire the Ecco Press
Bertelsmann expects JV with Havas in 2 weeks time
Coopers & Lybrand pays $5.4MM in Maxwell case

Newcomb leads race for Reed Elsevier CEO
Don’t be surprised to see ex Simon & Schuster CEO Jon Newcomb made Chairman and CEO of UK/Dutch publishing giant Reed Elsevier. Industry sources peg him as the leading candidate for the job which has essentially been vacant for five months.

Children's Television Workshop Signs Agreement Random House Inc.
Children's Television Workshop (CTW), the multimedia educational company that created "Sesame Street," has agreed a long-term development agreement with Random House Inc. CTW has also agreed to pursue television production initiatives with Random House, whose parent company Bertelsmann AG has extensive broadcast channel and programming holdings in Europe. As of July 1, the Random House Children's Media Group will build on its long-term relationship with CTW and "Sesame Street" books by adding new formats such as storybooks, color and activity books, and workbooks for publication and distribution in the United States and Canadian markets. By further expanding and combining its own 30-year-old publishing program with Random House to include these new formats, CTW will be able to create a more visible and synergistic presence at retail for its books as well as a stronger, more broadly integrated publishing program. Both companies will explore developing books from CTW television properties other than "Sesame Street" and creating television programming based on book properties whose dramatic rights are held by Random House Children's Media Group
Source: Businesswire 2/11/99

Tina Brown’s Talk Magazine
Miramax Films and Hearst Magazines announced today that they have entered into a joint-venture agreement to publish Talk, a new general interest monthly magazine edited by Tina Brown. The magazine will debut in August with the September, 1999 edition. Under the terms of the agreement, Hearst Magazines, the world's largest publisher of monthly magazines, will take a 50 percent joint-ownership stake in Talk magazine and assume certain management responsibilities including circulation and manufacturing management, as well as newsstand distribution and subscription fulfillment through its subsidiaries Hearst Distribution Group, Inc. and Communications Data Services. Miramax's Talk Media will be responsible for editorial content, advertising sales and marketing. Talk magazine, which will premiere with a circulation of 500,000, will be a provocative and topical publication offering commentary, criticism, reporting, opinion and profiles. In July of last year, Miramax Films established Talk Media in conjunction with Tina Brown and Ron Galotti to publish Talk magazine, produce television programming and publish books.
Source Businesswire 2/11/99

Trinity opens due diligence on Mirror
TRINITY, the UK's largest regional newspaper group, has begun due diligence at the Mirror Group in preparation for a second assault on the embattled newspaper company later this month. The news comes only days after it emerged that Regional Independent Media, publisher of the Yorkshire Post, was likely to revise its £913 million cash offer for the Mirror over the next few weeks. However, many believe the new bid will not be much higher than the 200p a share already offered. It is understood that over the past two days Trinity has been given access to a "data room" containing commercially sensitive information about the Mirror, whose national newspaper titles include The Mirror and The People. Trinity is believed to have seen the commercial data for only 24 hours, and has already requested more detailed information. However, Trinity is not expected to make a bid for the Mirror immediately, because it feels it needs to look further into the finances of the company. Those close to the situation believe a bid is more likely over the next few weeks. The bidding battle for the Mirror has already resulted in a bloody boardroom coup at the company, which saw the dramatic resignation of David Montgomery as its chief executive last month.
Source: Financial Times 2/15/99

HarperCollins Announces Plans to Acquire the Ecco Press
Jane Friedman, President and CEO of HarperCollins Publishers today announced that HarperCollins will purchase The Ecco Press, one of the country's most prestigious literary publishers. The acquisition will become effective as of July 1. The Ecco list includes such critically acclaimed authors as John Ashbery, Paul Bowles, Italo Calvino, Gerald Early, Richard Ford, Louise Gluck, Robert Hass, Zbigniew Herbert, Bobbi Ann Mason, Cormac McCarthy, Nobel Laureate Czeslaw Milosz, Joyce Carol Oates, and Tobias Wolff. In addition, Halpern will publish his first books with HarperCollins starting in January, 2000.
Source: Businesswire 2/16/99

Bertelsmann expects JV with Havas in 2 weeks time
German media giant Bertelsmann AG expects to complete a joint venture deal on specialist publishing with France's Havas within the next two weeks. A spokesman for Bertelsmann's specialist publishing unit said the deal entailed a 50-50 joint venture with the aim of making international acquisitions together. In a related issue, the spokesman also said that Bertelsmann's takeover of the Springer scientific publishing house had been approved by the European Union cartel authorities. The acquisition increases the value of Bertelsmann's trade publishing activities to 1.5 billion marks ($859.6 million) from 625 million marks
Source: Reuters 2/16/99

Coopers & Lybrand pays $5.4MM in Maxwell case
Coopers & Lybrand has paid fines and costs of $5.4MM for failings in its role as auditor of most of the companies controlled by the late Robert Maxwell, a British accounting watchdog said on this week. Maxwell died in November 1991 (fell off his boat), leaving behind a business empire riddled with debts and huge holes in the pension funds of his companies, including Mirror Group Newspapers which Maxwell owned at the time.
Source: Reuters 2/16/99