FISCAL 2016 FULL-YEAR REVIEW Meredith continued to aggressively execute a series of well-defined strategic initiatives in fiscal 2016 to generate growth in revenue, operating profit and free cash flow - and increase shareholder value over time. Highlights included: • Expanding audiences across platforms and increasing Meredith's reach to Millennial women: o Meredith magazine readership grew to a record 127 million, according to the Spring 2016 GfK Mediamark Research & Intelligence Report. o Meredith's digital traffic increased to more than 80 million monthly unique visitors. o Meredith's reach to U.S. Millennial women grew to 72 percent, up 9 percent from the prior year. o Meredith's multi-channel reach among American women hit an all-time high of 102 million. Additionally, Meredith's database has grown to 125 million American consumers. o Nine of Meredith's television stations ranked No. 1 or No. 2 in late news, and eight stations ranked No. 1 or No. 2 in morning news, in the May 2016 rating book data compiled by Nielsen. • Growing magazine, digital and non-political television advertising revenues: o National Media Group advertising revenues grew 6 percent, including a 16 percent increase in digital advertising revenues. o Digital advertising revenues grew to 26 percent of total National Media Group advertising revenues. o Meredith increased its share of magazine advertising in its competitive set to a record 41 percent. o Local Media Group non-political advertising revenues grew 5 percent, including a 13 percent increase in digital advertising revenues. click Read More for additional detail
Lagardère, parent company the Hachette Book Group, reported that total sales in its publishing group fell 1.6% in 2018 compared to 2017, dropping to €2.52 billion. Earnings for the company will be released in March.
In the U.S., HBG CEO Michael Pietsch credited a strong fourth quarter as contributing to “another solid year of revenue growth.” In the fourth quarter, sales at HBG rose 6.3% over the comparable period a year go. Among the drivers in the fourth quarter were bestselling novels from such authors as Nicholas Sparks, Michael Connelly, James Patterson, Robert Galbraith (a.k.a. J.K. Rowling), and Neil Patrick Harris. Pietsch also cited strong backlist sales from Jen Sincero (You are a Badass), and Hugo Award-winner N.K. Jemisin’s Broken Earth trilogy.
more at: https://www.publishersweekly.com/pw/by-topic/industry-news/financial-reporting/article/79207-2018-sales-fell-1-6-at-lagardere.html