It says a lot about the state of the newspaper industry that it’s considered good news when a publisher breaks even, in light of the constant drumbeat of advertising losses, with print dollars exchanged for digital pennies. Newspaper watchers were pleasantly surprised when the Daily Mail and General Trust, the British publisher of the Daily Mail and Mail on Sunday, announced total revenues were up 1%. The real good news tucked inside the Mail announcement: Digital advertising revenues were up 22% or £19 million, more than offset the decline in print, down 11% or £15 million. That last development bucks the general trend in the newspaper industry on both sides of the Atlantic over the last few years. Growth in digital ad revenues has generally failed to offset print declines – at least until recently. Click Read More below for more of the story.
Global research and education leader Wiley today announced the asset purchase of eJournalPress (EJP), a leading provider of software and support services for scholarly publishing. With this investment, Wiley plans to drive the evolution of the technology and platforms that underpin research publishing and advance the future of research communication.
EJP’s online manuscript submission, peer review, and journal production tracking systems deliver a comprehensive service for authors, editors and publishers to create, review and manage scholarly content as it moves through peer-review and gets published online.
“Getting trusted, peer-reviewed research into the world requires both smart people and sophisticated technology,” said Jay Flynn, Wiley Executive Vice President and General Manager, Research. “By investing in the future of EJP, we will drive innovation in journal workflow and peer review management to deliver best-in-class solutions for our clients and partners.”
“We are excited to join Wiley with a joint commitment to helping societies, associations, and publishers innovate and improve publisher workflows. This milestone will also allow us to grow and invest in enhanced workflow solutions,” said Joel Plotkin, EJP’s founder.
EJP will operate independently from Wiley’s publishing business.
With the purchase of EJP, Wiley furthers its mission to support researchers and enable discovery.