McClatchy reported a net loss in the first quarter of 2017 of $95.6 million, or $12.60 per share that includes an after-tax non-cash impairment of $76.8 million on the carrying value of the company's interest in CareerBuilder LLC (CareerBuilder). In the first quarter of 2016 McClatchy reported a net loss of $12.7 million, or $1.58 per share. Total revenues in the first quarter of 2017 were $221.2 million, down 7.0% compared to the first quarter of 2016. The rate of decline in total revenues improved by 130 basis points sequentially from the 8.3% realized in the fourth quarter of 2016 and by a half a percentage point from the first quarter of 2016. click Read More below for additional detail
Bookouture, the U.K.-based digital publishing company that had a number of titles hit high on Amazon’s Top 20 Kindle E-books List in 2016, has been acquired by Hachette U.K., the latter’s CEO, Tim Hely Hutchinson, announced Monday.
“In just four years since it was founded, Bookouture has established itself as an outstandingly successful and innovative e-book publisher,” Hutchinson said in a statement. “Its formidable reputation and enormous success in publishing many bestselling e-book authors, including Angela Marsons, Louise Jensen, and Robert Bryndza—whose novel The Girl in the Ice has sold over one million copies—demonstrates that Bookouture probably knows more about selling e-books than any other publisher in the world…. The acquisition of Bookouture is a landmark event for Hachette U.K.”
Bookouture, founded in 2012 by former Harlequin U.K. marketing head Oliver Rhodes, will have a special relationship with Little, Brown, which will publish some of Bookouture’s authors in print editions. Rhodes will remain CEO of Bookouture while also serving as digital publisher of Hachette U.K., reporting to Little, Brown and Orion CEO David Shelley, and will also join the Hachette board.
more at: http://www.publishersweekly.com/pw/by-topic/digital/content-and-e-books/article/72973-hachette-u-k-acquires-bookouture.html