Future PLC Aims to Trim More Print Costs

first_img“We are disappointed to miss our target for the full year and as a result we are bringing forward plans to reduce legacy print costs and improve operating margins in the period ahead,” says Future’s CEO Mark Wood.Future has gradually been emphasizing the digital side of its operation—shedding non-core titles, shifting brands to digital-only and placing a big strategic bet on the mobile and tablet market.Digital revenues were up 24 percent year-over-year, with advertising revenue up almost 60 percent for the period. Tablet edition revenues are up 50 percent, says the company. The company shed 46 percent of its debt, now standing at about $14 million, due mostly to the sale of its UK rock titles in April.Its U.S. division, which has been losing money, is expected to turn profitable by the end of the year. Enthusiast publisher Future PLC, with brands in the technology, gaming and music markets, released its fiscal third-quarter results today and digital revenues continue to climb. The company’s board and management, however, feel revenue, which was flat at about $116 million for the quarter, has been lagging. EBITDA is expected to be about $14.4 million for the year. The gaming sector has not been pulling its weight and Future’s cost-saving initiatives, which will focus on print, will be accelerated to free up another $3.8 million by the end of 2013. last_img read more

The Wilmington Insider For June 29 2018

first_imgWILMINGTON, MA — Below is a round-up of what’s going on in Wilmington on Friday, June 29, 2018:Happening Today:Weather: Sunny, with a high near 88. Northwest wind 3 to 6 mph.Fun On The Fourth: The Wilmington Fun on the Fourth begins tonight! The schedule, courtesy of the Fourth of July Committee’s website, is below:Dinner6:00 PM – 8:00 PM Rotary Club, $8 (BBQ – Hamburgers, Hot Dogs, Baked Beans, Potato Salad, Cookies, Lemonade, Water)Entertainment5:00 PM – 10:00 PM Carnival7:00 PM – 9:00 PM Performance by “Brandy!” (sponsored by Rotary)Events6:00 PM Horseshoes (First Round) (Participants must sign a Consent Form. Under 18 signed by a parent.)6:00 PM 3 on 3 Basketball – Age Categories: [16 & 17 (6:00 PM)]; [18 & up (6:30 PM)]; [40 & over (7:00 PM)]6:30 PM Road Race (Participants must sign a Consent Form. Under 18 must be signed by a parent.)7:30 PM Blueberry Pie Eating Contest (Participants must sign a Release of Liability Form. Under 18 signed by a parent.)At The Library: Toddler Dance Party at 10am. Needleworkers from 10am to noon. Drop-In Rock Band from 3pm to 4pm. [Learn more and register HERE.]At The Senior Center: Video Exercise at 10am. Sewing Class at 10am. Special Exercise at 11am. Bingo at 1pm. Cards at 1:30pm. [Learn more HERE.]In The Community: The Town Beach is open today. Lifeguards are on duty from 10am to 8pm. Admission is FREE for residents. Proof of residency is required. Learn more HERE.Live Music: Pacific Grove (211 Lowell Street) is hosting karaoke with Winnell Entertainment beginning at 8pm.(NOTE: What did I miss? Let me know by commenting below, commenting on the Facebook page, or emailing wilmingtonapple@gmail.com. I may be able to update this post.)Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… Related5 Things To Do In Wilmington On Wednesday, July 3, 2019In “5 Things To Do Today”5 Things To Do In Wilmington On Friday, July 5, 2019In “5 Things To Do Today”FUN ON THE FOURTH: What To Expect On Wednesday, July 3In “Community”last_img read more

Snaps earnings show that users arent disappearing anymore

first_img Snapchat Tags Getty Images Snap, which has struggled to keep users on its Snapchat app, broke its losing streak.Snap said Tuesday that 186 million users logged in to the vanishing-messaging app daily in the fourth quarter, the same number as in the previous quarter. Snap had seen a drop in daily usage for two consecutive quarters last year after an unpopular redesign of the app.The results helped the company boost revenue and narrow its loss compared with the same period last year.Investors loved the news, pushing the company’s shares as much as 20 percent higher in after-hours trading. That isn’t to say Snap doesn’t have challenges. The company is working on a new version of the app for Android. Snap is also dealing with a string of executive departures, including Tim Stone, the chief financial officer who said last month that he was leaving after less than a year on the job. It also has to compete with larger social networks such as Facebook and its Instagram service, both of which have been investing more in ephemeral messaging, for ad dollars. “The transitions we made in both the Snapchat platform and our business last year were necessary and created many of the opportunities we have ahead of us,” said Snap CEO Evan Spiegel during a conference call with analysts. “But change is always difficult and this past year was no exception.”Snap has rolled out a new version of its Android app to a small percentage of its users, but didn’t say when it will be released more broadly. Spiegel also said during the conference call that the company is trying to get users between the ages of 13 to 34 to spend more time on the app by releasing more original shows on the platform. At the same time, the company is focusing on personalizing the app for users above 34 years old and expanding internationally. In the fourth quarter, the company grew its revenue by 36 percent, to $389.8 million, beating the $377.52 million expected on average by analysts surveyed by Thomson Reuters.Snap reported an adjusted loss, which excludes expenses such as employee stock compensation, of 4 cents a share compared with a loss of 13 cents in the same quarter last year. Analysts expected a loss of 7 cents a share. The company also doesn’t expect daily active users to decline in the first three months of 2019. “The fact that Snap was able to maintain its daily active user base quarter over quarter is a positive sign,” Debra Aho Williamson, an analyst with eMarketer, said in an email. “When Snap finally rolls out its updated Android app, it could move the company back into growth territory.”First published Feb. 5, 1:23 p.m. PTUpdate, 2 p.m.: Adds quote from analyst. 3:17 p.m.: Adds remarks from conference call. CES 2019: See all of CNET’s coverage of the year’s biggest tech show.Everything about Fortnite: What you need to know about the hit game. 0 Internet Services Tech Industry Post a comment Share your voicelast_img read more

Air India to launch new flights to Washington Stockholm Tel Aviv and

first_imgGovernment-owned carrier Air India plans to launch new flights to Washington D.C. (USA), Tel Aviv (Israel), Stockholm (Sweden) and Africa. The airline is yet to give time schedule for when the flights will be launched. Air India’s Chairman and Managing Director Ashwani Lohani said that the airline will receive six Boeing 787 aircraft and three 777, which will join Air India’s fleet next year, The Hindu reported. The carrier requires the new aircrafts to launch international flight operations to USA, Israel and Sweden. Air India has re-launched a new app, which would allow passengers to book flight tickets, check-in and manage every aspect from their mobile devices. The app has been developed by SITA. Using the new app, passengers can obtain their flight boarding pass on their smart phones, the app developer said in a statement. In addition, the passengers would receive regular flight updates, and they could use the app for mobile boarding. From December 1, the carrier will start its Delhi-Madrid service thrice a week and is also increasing the frequency of its Bangalore-Delhi-San Francisco flight to six days a week.The new app has been termed as “sales and distribution channel for Air India. SITA has worked alongside Air India over the past few years, supporting their passenger management and distribution at every step. This new app is an extension of that relationship,” Maneesh Jaikrishna, SITA’s Vice President for India and the sub-continent was quoted as saying by the publication.The managing director said the app is a step forward to enhance earnings from e-commerce and said that the airline will soon improve its website as well. Air India market share increased 0.1 percent and the airline clocked 14.7 percent in September as against 14.6 percent in the previous month (August). It recorded passenger load factor (PLF) of 79 percent during the same month.last_img read more

Senate Moderates Near Immigration Plan On Dreamers Wall

first_img Share APSenate Minority Leader Chuck Schumer, D-N.Y., left, and Sen. Dick Durbin, D-Ill., right, walk outside the chamber during debate in the Senate on immigration, at the Capitol in Washington, Wednesday, Feb. 14, 2018. Schumer said on the Senate floor that “the one person who seems most intent on not getting a deal is President Trump.” (AP Photo/J. Scott Applewhite)Senate moderates reached a bipartisan agreement Wednesday aimed at balancing Democrats’ fight to offer citizenship to young “Dreamer” immigrants with President Donald Trump’s demands for billions of dollars to build his coveted border wall with Mexico, participants in those talks said.It was unclear how the compromise would be greeted by Republican and Democratic leaders or the White House, or whether it could attract the 60 votes that will be needed to move through the closely-divided Senate. So far, no other package has emerged from either side that seems able to do that, leaving the debate’s outcome in doubt.The proposal was emerging as the Senate spent a third day of debate largely as it’s spent the first two — with the chamber floor mostly empty. Other than an initial roll call allowing formal debate to begin, there have been no other votes while party leaders talk behind the scenes about scheduling votes on specific proposals.Senate Majority Leader Mitch McConnell, R-Ky., has said he wants the Senate to finish considering immigration legislation this week. It is unclear whether that will happen.Sen. Lindsey Graham, R-S.C., said the moderates’ proposal would grant a 10- to 12-year route to citizenship for 1.8 million Dreamers, the same number Trump has suggested in his own wider-ranging proposal. Dreamers are young immigrants who were brought to the U.S. illegally as children and still have no permanent protection from deportation.Graham and Sen. Mike Rounds, R-S.D., said the plan would provide $25 billion over a decade for a wall and other border security measures, an amount Trump has requested. It would bar Dreamers from sponsoring their parents for citizenship — well short of a Trump proposal to prevent all legal immigrants from bringing parents and siblings to the U.S.The moderates’ measure does not end a lottery that distributes about 55,000 visas annually to people from diverse countries, as Trump has proposed.“The diversity lottery is kind of toxic politically because of some of the things said by the president made that really hard politics on the Democratic side,” said Graham, a reference to a vulgar description Trump used for people from African countries.The White House issued a written statement by Trump urging senators to back and his bill and “oppose any legislation that fails to fulfill” his “four pillars.” But the statement did not say Trump would veto a bill that fell short of his demands.A GOP bill tracking Trump’s proposal and backed by McConnell has been introduced and could receive a Senate vote soon.Few expect Trump’s plan to attract the 60 votes it would need to survive, but Rounds said he believed the moderates’ proposal could.If that happens, Rounds said, “We’ll allow the president to determine whether or not it moves in the direction that he wants.”Also in play is a more modest plan by Sens. John McCain, R-Ariz., and Chris Coons, D-Del., and supported by Senate Minority Leader Chuck Schumer, D-N.Y. It would let many Dreamers qualify for permanent residence and direct federal agencies to more effectively control the border by 2020. But it doesn’t offer a special citizenship pathway for Dreamers or make sweeping changes in legal immigration rules.In another statement, the White House said it opposes the McCain-Coons plan. It said the proposal would “increase illegal immigration, surge chain migration” — a term critics use to describe family-based immigration — and cause other problems.Democrats prefer a narrower approach that addresses “Dreamers” and border security. Schumer said that “the one person who seems most intent on not getting a deal is President Trump.” He said Trump “is trying to force his unpopular, hard-line immigration agenda down the throats of the American people.”McConnell said the president has “spelled out a fair and generous framework that will be necessary to earn his signature.”last_img read more