A short quiz. The Bookseller headline announces 'Outstanding Penguin pushes Pearson to record'. Sales at Penguin are up 2%, 10% or 20%? The answer can be found here.
There is so much corporate activity going on right now that I thought the best thing I could do for those interested would be to reprint here the latest issue of EPS Headlines from Electronic Publishing Services which is my weekly Bible. Like the law-abiding citizen I try to be I called them for permission to reproduce They graciously granted it on the grounds, I suppose, that they may pick up some new subscribers from this promotion. They deserve to. It is the best news service around. I strongly recommend you go the final item if nowhere else.
EPS HEADLINES DIGEST :: 30/10/2006
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** Pearson on course to produce record full-year profits **
** Riverdeep plans to buy Houghton Mifflin **
** Microsoft reported better than expected Q3 results **
** Google launches customisable search engine service **
** Scirus partners with CrossRef **
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Company News
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23/10/2006
Non-profit copyright licensing solution provider Copyright Clearance Center (CCC) has announced that medical publisher BMJ Publishing Group, Ltd has selected Rightslink as its automated, online permissions licensing solution. BMJ Publishing is the fifth STM publisher to have implemented Rightslink for online permissions or reprint ordering.
KnowledgeSpeak ::
http://www.knowledgespeak.com/newsArchieveviewdtl.asp?pickUpID=2967&pickUpBatch=490#2967
24/10/2006
The entire editorial board of the Elsevier journal Topology resigned in August in protest at Elsevier's refusal to lower the journal's subscription price. The editors' letter to Elsevier talks of their concerns with the price of Topology since Elsevier gained control of the journal in 1994, and their belief that the price has had a significant and damaging effect on Topology's reputation in the mathematical research community, which they say is likely to become increasingly serious in the future.
SPARC e-News ::
http://www.arl.org/sparc/pubs/enews/aug06.html#partner
24/10/2006
Wolters Kluwer is planning to move many of its pre-press and data conversion jobs from the US to India. The move is projected to make the Indian subsidiary play a key role in the company’s global operations. The company will also start selling tax, accounting and law books in India early in 2007.
Knowledgespeak ::
http://www.knowledgespeak.com/newsArchieveviewdtl.asp?pickUpID=2975&pickUpBatch=491#2975
25/10/2006
Pearson is planning to combine the Financial Times Group's newspaper and magazines businesses, in an attempt to both sharpen the FT's focus on niche audiences and to expand the magazines' international and online presence. The proposal will involve no redundancies but will see FT Business titles such as The Banker and Investors Chronicle move into the same offices as the FT newspaper and FT.com. The combined businesses are expected to look for shared opportunities in the events market.
FT.com (subscription required) ::
http://www.ft.com/cms/s/149f02ac-63c6-11db-bc82-0000779e2340.html
27/10/2006
Factiva has announced that it has enhanced its Taxonomy Warehouse, a community directory and information source for taxonomies, thesauri, and classification schemes. The service provides enterprises and academic and government organizations with information to categorize internal and external data collections, listing more than 650 taxonomies arranged in 73 subject domains.
E-Content Mag ::
http://www.econtentmag.com/Articles/ArticleReader.aspx?ArticleID=18511
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Financials
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26/10/2006
The publisher of Yellow Pages directories, R.H. Donnelley, has reported a third-quarter loss, compared with profits in 2005, even as revenue more than doubled. The company posted a loss of USD35.4 million, or 51 cents a share, compared with year-earlier net income of USD27.1 million, or 62 cents a share. The company reported revenue of USD524 million, up from USD255 million a year earlier.
Reuters ::
http://today.reuters.com/news/articleinvesting.aspx?view=CN&storyID=2006-10-26T121847Z_01_WEN8096_RTRIDST_0_MEDIA-RHDONNELLEY-EARNS-URGENT.XML&rpc=66&type=qcna
27/10/2006
Microsoft reported Q3 results that were better than expected, with overall revenues climbing 11 per cent to USD10.8bn. Net income also rose 11 per cent to USD3.5bn. The strong results were boosted by solid sales in two of its newer businesses, servers and video games. The company reported that USD136 million losses in Q3 within its online-services group were due to its investment in a product aimed at competing with Google.
SearchEngineWatch ::
http://blog.searchenginewatch.com/blog/061027-085703
30/10/2006
Pearson is on course to produce record full-year profits, and has announced a 15 per cent rise in underlying operating profits for the first nine months of the year. The company is entering its busiest selling period "confident" of increasing margins and growing faster than its markets. Headline sales growth was 11 per cent across the group in the first nine months, and reported operating profits rose 26 per cent.
FT.com (subscription required) ::
http://www.ft.com/cms/s/d5390b04-67f2-11db-90ac-0000779e2340,_i_rssPage=cbad994c-3017-11da-ba9f-00000e2511c8.html
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M&A
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23/10/2006
ProQuest, the publisher of information and education solutions, reported that it has signed an agreement to sell its ProQuest Business Solutions segment to Snap-on Incorporated for approximately USD500 million. ProQuest Company will use most of the proceeds from the sale to pay down outstanding debt. Snap-on Incorporated is a manufacturer and marketer of tools, diagnostics and equipment solutions for professional users in industry, government, agriculture and construction.
Press Release (Proquest) ::
http://phx.corporate-ir.net/phoenix.zhtml?c=93447&p=irol-newsArticle&ID=919430&highlight
24/10/2006
Dublin-based education and consumer software company Riverdeep is planning to buy Houghton Mifflin, the US-based educational publisher. Houghton Mifflin is currently owned by Thomas H. Lee Partners, Bain Capital and Blackstone. Its Promissor division was sold to Pearson PLC for USD42 million in January 2006.
BostonHerald.com ::
http://business.bostonherald.com/businessNews/view.bg?articleid=163852
24/10/2006
Digg, the user-submitted and reviewed news site, is reported to have been in acquisition discussions with a number of companies, including News Corp. It is suggested that the company is looking for at least USD150 million, and that that price has resulted in no formal written offers for Digg. One point of controversy is around Digg’s claim of 20 million unique monthly visitors.
TechCrunch ::
http://www.techcrunch.com/2006/10/24/digg-does-the-acquisition-dance-with-news-corp/
24/10/2006
Apax Partners and Veronis Suhler Stevenson are reported to be considering bids for VNU's European business magazines division. A deadline of the end of October has been set for first-round bids, which are expected to be in the region of UKP335 million. Apax is backing a UKP199 million management buyout of Incisive, the publisher of Legal Week and Investment Week.
The Times Online ::
http://business.timesonline.co.uk/article/0,,13130-2418228,00.html
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New Products & Services
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23/10/2006
Yell.com and Thomasglobal.com have formed a partnership to offer global industrial search results. Yell.com will now be able to offer business-to-business search results from outside the UK for the first time, while New York-based Thomasglobal.com will now be able to offer its business-to-business search and industrial classifications to Yell.com's customers.<br>
European Association of Directory and Database Publishers ::
http://www.eadp.org/index.php?q=node/14984
23/10/2006
Google has launched a customisable search engine service for users to integrate with their own blogs and web sites. Users of Google Custom Search Engine will be able to select the web sites they want to be included in their searches, and add to this list in future by "tagging" web sites they visit. Any searches will then return results just from that slice of the Google search index, which will carry context-relevant advertising from Google’s AdSense network.
FT.com (subscription required) ::
http://www.ft.com/cms/s/a53ea278-62e9-11db-8faa-0000779e2340.html
24/10/2006
Elsevier's science-specific search engine, Scirus, has signed an agreement with publisher linking services provider CrossRef which allows Scirus to collect metadata from hundreds of participating publishers via CrossRef’s new Web Services protocol. The partnership is expected to improve how researchers, academics, students and librarians search authoritative, scientific published content.
Press Release (Elsevier) ::
http://www.elsevier.com/wps/find/authored_newsitem.cws_home/companynews05_00551
24/10/2006
Adobe has released a beta edition of Adobe Digital Editions, an application for digital publishing and reading. The product enables users to acquire, read, and manage content such as eBooks and other digital publications. The final version of the new software will be out early in 2007 and will run on Windows, Mac and Linux machines, as well as various mobile devices.
Adobe ::
http://labs.adobe.com/technologies/digitaleditions/
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Legal
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23/10/2006
IBM has filed two infringement lawsuits for five patent violations against Amazon, which relate to Amazon's online product recommendation systems and other features Amazon uses at the foundation of its business. IBM says it developed similar systems as early as the 1980s, and has been speaking with Amazon since 2002 on reconciling the alleged infringement through licensing.
Wall Street Journal Online ::
http://online.wsj.com/google_login.html?url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB116161475467500836.html%3Fmod%3Dgooglenews_wsj
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Wireless and Telecoms
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26/10/2006
Spending on mobile marketing is expected to reach USD2.90 billion by 2011 according to a report released this week by JupiterResearch. The report also said that by the end of 2006, 22% of online advertisers and 29% of online agencies will be using mobile marketing campaigns. Mobile phone penetration in the U.S. was found to have reached 76%, with 11% of mobile phones having video capabilities.
BtoB online ::
http://www.btobonline.com/toc.cms?productId=6&issueDate=2006-10-26
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China STM
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24/10/2006
China's minister of Science and Technology, Xu Guanhua, has announced a data-sharing plan which will cover the entire country. He said that over 80 per cent of data relating to China's research into pure science will be freely available on the Internet, via 40 openly accessible scientific data centres that will be established by 2010.
SciDev.net ::
http://www.scidev.net/content/news/eng/china-unveils-plans-to-boost-scientific-data-sharing.cfm
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And Finally..
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27/10/2006
The record-holder for fast thumb text messaging has lost his first ever head-to-head contest, against a new piece of voice-recognition software. Ben Cook took on a program from Nuance Communications, and his first message -- "I'm on my way. I'll be there in 30 minutes" -- took him 16 seconds to send by text. However, the voice recognition software finished it in under 8 seconds. The final round in the competition was the phrase on which Cook had previously won his title: "The razor toothed piranhas of the genera Serrasalmus and Pygo centrus are the most ferocious freshwater fish in the world. In reality they seldom attack a human." The Nuance program finished 32 seconds ahead of its human rival - but then, it had already been programmed to recognise the Latin.
Physorg.com ::
http://www.physorg.com/news80933892.html