Circle Media Group has hit the buffers and appears likely to disappear from print altogether – its Austrian web offset business is the latest subsidiary to file for bankruptcy, while the rest of the group’s printing operations have been put up for sale. In the space of three months problem upon problem piled up for the business. It filed for bankruptcy at Helio Charleroi in Belgium, and at Roto Smeets in the Netherlands, and effected the hurried sales of Finnish gravure printer Helprint and book and commercial printer CPI Group. During the same period union representatives on the continent also went public with their concerns about the group’s financial position. Click Read More bellow for additional information.
Operating cash flow increased 89% to $34.4 billion for the trailing twelve months, compared with $18.2 billion for the trailing twelve months ended March 31, 2018. Free cash flow increased to $23.0 billion for the trailing twelve months, compared with $7.3 billion for the trailing twelve months ended March 31, 2018. Free cash flow less principal repayments of finance leases and financing obligations increased to $15.1 billion for the trailing twelve months, compared with $1.1 billion for the trailing twelve months ended March 31, 2018. Free cash flow less equipment finance leases and principal repayments of all other finance leases and financing obligations increased to an inflow of $11.8 billion for the trailing twelve months, compared with an outflow of $3.0 billion for the trailing twelve months ended March 31, 2018.
Barnes & Noble, Inc. (NYSE: BKS), the world’s largest retail bookseller, today announced the return of its seasonal Kids’ Book Hangout in stores nationwide on Saturday, May 18 at 2 PM. The customer-favorite event is a nationwide program for young readers to celebrate reading with exciting new books and fun games and activities designed toward readers in grades two through six. This spring Kids’ Book Hangout features an introduction to four recommended books, and free giveaways, while supplies last. Customers can sign up at BN.com/BNHangout.
Following the appointment of Rob Munro Hall as CEO of Bauer Publishing UK and Co-Head of Global Publishing Business the company has evolved and simplified the UK structure. It has also created additional resources to help shape and grow its publishing businesses across USA, Australia and New Zealand, Poland, France, and Russia. To ensure strong leadership in the UK and maintain momentum in the UK Publishing business, the responsibilities of Liz Watkinson, Helen Morris, Niall Clarkson, and Kim Slaney have been expanded.
Starbucks Corp. reported second-quarter earnings that topped the Street amid strong comp-sales growth in two key markets: the U.S. and China. The coffee giant reported adjusted earnings per share of 60 cents, up 13%, for the period ended March 31. Analysts had expected EPS of 56 cents. Consolidated net revenues rose 5% to $6.31 billion. Analysts were looking for $6.32 billion.
Lara Boro has been named the next CEO of The Economist Group, ending a five-month search that began when current CEO Chris Stibbs announced his impending departure from the London-based publisher last November. Boro arrives from Informa plc, the London-based B2B events and publishing giant, where she had spent the past four years, rising to CEO of the company’s business intelligence unit in January. Prior to that, she was group managing director of Informa Intelligence’s pharma, media/telecom and transportation portfolios.
The U.S. Postal Service will celebrate the career of artist Ellsworth Kelly with the issuance of 10 stamps celebrating his talent as a painter and sculptor. With these stamps, the Postal Service showcases examples of his wide-ranging body of work. The first-day-of-issue event is free and open to the public. News of the stamp is being shared with the hashtags #EllsworthKelly and #EllsworthKellyStamps.
R.R. Donnelley & Sons Company (RRD) (NYSE:RRD), a leading global provider of multichannel solutions for marketing and business communications, today announced that it has entered into a strategic agreement with Marketing Evolution, provider of the most powerful marketing measurement and optimization solutions. With this new agreement, RRD will provide clients with best-in-class marketing attribution capabilities through Marketing Evolution’s advanced decision-making platform, while Marketing Evolution will benefit from RRD’s strong analytic consulting resources and customer insight capabilities. Together, the companies will provide marketers with deeper insights into their customers’ behaviors across both online and offline channels, in order to maximize the return on their marketing programs.
“I am pleased with our first quarter performance which was in-line with our expectations,” said Barry McCarthy, President and CEO of Deluxe. “We have made substantial progress in evaluating our operations to ensure Deluxe is well positioned for the future. What is clear is that Deluxe has an impressive base of existing customers, extensive catalog of products and services and a strong financial structure, all of which we expect will drive our revenue growth. Today we are announcing our strategic framework to transform Deluxe into a trusted, technology-enabled solutions provider. We believe that the combination of our compelling core competencies and assets, with our new go-to-market strategy, will deliver significant shareholder value over the long-term.”
Many companies, including Lush, the cosmetics company, have begun moving from social media into alternative channels including direct mail. Lush shares that, "Increasingly, social media is making it harder and harder for us to talk to each other directly. We are tired of fighting with algorithms, and we do not want to pay to appear in your newsfeed. So, we’ve decided it’s time to bid farewell to some of our brand social channels”