Publishers

The Mega Agency Becomes Premium Content Partner For AMI

By Jim Pickerell | 391 Words | Posted 6/27/2018 | Comments
The Mega Agency has signed a deal with American Media, Inc. (AMI), the leading publisher of celebrity journalism and health and fitness magazines in the United States, that makes it AMI’s premium content partner. Mega already globally syndicates exclusive content for AMI, which owns and operates the leading print and digital celebrity and active lifestyle media brands in the United States.

VisualSteam Releases Stock Image Licensing Survey Results

By Jim Pickerell | 661 Words | Posted 12/11/2017 | Comments
VisualSteam has released the results of its 5th Annual Survey of Creative Pros on the issue of Stock Image Licensing. The survey was sent to US art buyers, art directors, art producers, creative directors, photo editors and marketing professionals and provides a glimpse into what is driving image licensing today.

Time Inc. Looks To Save $400 Million: Staff Could Be On The Chopping Block

By Jim Pickerell | 180 Words | Posted 8/9/2017 | Comments
Time Inc. unveiled plans for a “strategic transformation” that will yield more than $400 million in savings over the next few years. In the last quarterly earnings report total revenues fell 10% year to year while operating income fell from $50 million to a loss of $38 million.

Pearson Education: Further Cuts Ahead

By Jim Pickerell | 299 Words | Posted 5/8/2017 | Comments
Pearson has begun “a strategic review” of its U.S. school publishing business which has been a drag on growth due to intense competition. Their goal is to speed up the company’s transition to a slimmer, more digital group. They intend to either sell, or seek a joint venture partner, for their schoolbooks division that represents about 8% or £360 ($466) million of the company’s business.

Fake News And Stock Photography

By Jim Pickerell | 1239 Words | Posted 3/27/2017 | Comments
A writer for the Boston Globe asked me to discuss the role, if any, that stock photos plays in fake news. “Can or should the stock photo industry do anything to curb the use of its photos on fake news sites.” Stock photography is not “Fake.” This is not to say that there aren’t some photos that are designed to be outright distortions of the truth, but the vast majority of stock photos are taken with the hope of showing an actual event or something that illustrates real life.

Pearson Nine-month Interim Management Statement

By Jim Pickerell | 254 Words | Posted 10/17/2016 | Comments
Overall sales for Pearson fell 7% in the first 9 months of 2016, due to further inventory corrections by retailers in North American Higher Education courseware in July and August. Pearson noted that trends improved in September and, so far, into October.

Book Reading: Print or Digital Devices

By Jim Pickerell | 349 Words | Posted 10/12/2016 | Comments
According to the Pew Research Center in the last year 39% of Americans read only print books. Another 26% didn’t read any books at all, but read other things. The question is where do the other 35% of book readers get their information. Remember, that not so long ago the 74% who wanted to read a book turned to one that was printed.

Shutterstock Partners With PR Newswire

By Jim Pickerell | 443 Words | Posted 4/20/2016 | Comments
Shutterstock has announced a partnership with PR Newswire that will provide its customers with access to the Shutterstock 83 million+ image library of licensable photos.

Pearson’s Share Price Falls 17%

By Jim Pickerell | 416 Words | Posted 10/22/2015 | Comments
Pearson has cut its full-year guidance to investors in a dire warning about the continuing "cyclical and policy-related factors which have been hurting our markets for some years."  Its share price fell almost 17% to a value of $14.54 in New York. The company’s ADRs are now down 30.7% over the past six months.

Why Does Information Have To Be Free?

By Jim Pickerell | 1305 Words | Posted 10/21/2015 | Comments
What amazes me is why all the smart people in the publishing world think they have to give away all their information when they put it on the Internet. In theory if you get enough “eyeballs” then you can sell more ads and the revenue from the ads will cover your costs and generate a profit. But, that theory is not working.

National Geographic Sold to 21st Century Fox

By Jim Pickerell | 284 Words | Posted 9/10/2015 | Comments
The New York Times reports that the National Geographic Society have been sold to Rupert Murdoch’s 21st Century Fox for $725 million.

Pearson Education Sourcing Images Through Scoopshot

By Jim Pickerell | 323 Words | Posted 3/6/2015 | Comments
Scoopshot, the leading mobile platform for photo and video crowdsourcing, has partnered with Pearson. In an effort to reach out and engage millennials, Pearson is using Scoopshot to crowdsource photos from around the world to illustrate its publications.

Where Is The Education Market Headed?

By Jim Pickerell | 827 Words | Posted 7/30/2014 | Comments
Pearson’s conference call updating investment analysts on the company’s financial results for the first half of 2014, offered some interesting insights into where the education business is headed. By the end of 2014 Pearson will have cut its physical infrastructure and warehousing capacity in half compared to what it was 2 years ago. They will have cut 4,000 jobs, around 10% of the their workforce, primarily in print-related activities in mature markets.

New Photo Alliance In Nordic Region

By Jim Pickerell | 552 Words | Posted 5/20/2014 | Comments
TT News Agency, NTB, Scanpix Denmark and Scanpix Baltics have announced the formation of the Scandinavian Photo Alliance. The core of the new alliance is the former Scanpix group. The SPA expects to work on pan-Scandinavian initiatives spanning both editorial and commercial areas.
 

Time Warner Spins Off Time Inc.

By Jim Pickerell | 603 Words | Posted 5/11/2014 | Comments
Time Warner will spin-off Time Inc. on May 23, 2014. Shareholders of record at 5:00 p.m. on that date will receive one share of Time Inc. common stock for every eight shares of Time Warner common stock. For more details about the new company check out the SEC's Preliminary Information Statement of Time, Inc.

Time Inc. Q2 2014 Advertising Revenue Down 7%

By Jim Pickerell | 304 Words | Posted 5/6/2014 | Comments
During Time Warner’s Q1 2014 earnings call Howard Averill, Executive Vice President and Chief Financial Officer of Time Warner said advertising revenue was down 7% and subscriptions were flat.

Tough 2013 For Pearson Education

By Jim Pickerell | 203 Words | Posted 2/14/2014 | Comments
In January Pearson provided a regular trading update and on February 28, 2014 it will announce preliminary results for 2013. While overall the company expects an operating profit of approximately £865m they had “lower underlying margins in North American Higher Education, particularly in the important fourth quarter.”

What Buyers Want From Photographers

By Jim Pickerell | 395 Words | Posted 10/18/2013 | Comments
PhotoShelter has just released the results of a new survey designed to determine “What Buyers Want From Photographers.” The 48 page report is available for Free here.

Should Photographs Have A Monetary Value?

By Jim Pickerell | 391 Words | Posted 10/15/2013 | Comments
Does anyone other than photographers think that photographers should be compensated with more than a credit for the use of their images? The response photographer Kristen Pierson received from the publisher of the Warwick, RI Beacon displays a common attitude, not just of the average consumer, but of many professionals and commercial users who should be licensing rights to the images they use.

PACA And Cengage Develop New Licensing Strategy For Educational Use

By Jim Pickerell | 1356 Words | Posted 9/30/2013 | Comments
Given the changing and growing demands publishers are facing when developing an educational program, PACA’s Editorial Relations Committee and Cengage Learning have worked together to create a new “Preferred Provider” Insert License Agreement that helps meet the publisher’s needs while providing image vendors of a better understanding of how their images are being used.

Decline In Creativity: Is It About Budgets?

By Jim Pickerell | 982 Words | Posted 9/26/2013 | Comments
Art Directors and Graphic Designers lament the decline in creativity. They say this results from a lack of Time and a lack of Funding which leads to a lack of Inspiration. 75% say they have too many competing priorities to leave time for reflection.

Stipple Partners With Getty Images

By Jim Pickerell | 584 Words | Posted 8/1/2013 | Comments
Stipple, the leader in image-based advertising and e-commerce, (see previous story) has partnered with Getty Images to help advertisers better reach their image audiences and to help publishers monetize photos more efficiently.

Cengage Learning Files Chapter 11 Bankruptcy

By Jim Pickerell | 484 Words | Posted 7/23/2013 | Comments
Earlier this month Cengage Learning Inc., the second biggest publisher of college-course material in the U.S., filed for Chapter 11 bankruptcy protection as it tries to restructure its debt of about $5.8 billion. Under a deal with some of its senior lenders, the company will try to use the bankruptcy case to eliminate $4 billion in debt,

Chicago Sun-Times Eliminates Photography Staff

By Jim Pickerell | 348 Words | Posted 6/7/2013 | Comments
In another example of how the news photography business is changing, the Chicago Sun-Times has eliminated all of its 28 staff photography positions. The paper intends to get images in the future from freelance photographers and reporters taking pictures with their smart phones.

Fraud Claims Brought Against Pearson Education

By Jim Pickerell | 442 Words | Posted 5/24/2013 | Comments
In the case of Pacific Stock, Inc. vs. Pearson Education United States District Judge Susan Oki Mollay in Hawaii has denied Pearson’s request for summary judgment with regard to Pacific Stock’s claim that Pearson had engaged in fraud and fraudulent inducement in its use of 59 images. Pacific Stock has also alleged that with regard to 151 images from 70 of its photographers Pearson exceeded the print run rights granted for the use of its images in Pearson textbooks.