...Value Line, in its current form, was incorporated in 1982 and is the successor to substantially all of the operations of Arnold Bernhard & Co., Inc. In June 2005, AB & Co. owned approximately 86.5% of the Company’s issued and outstanding common stock. The Company produces investment related periodical publications through its wholly owned subsidiary, Value Line Publishing LLC ("VLP") . VLP publishes in both print and electronic formats The Value Line Investment Survey®, one of the nation's major periodical investment publication, as well as The Value Line Investment Survey - Small and Mid-Cap Edition, The Value Line 600, Value Line Select, The Value Line Fund Advisor, The Value Line Special Situations Service, The Value Line Daily Options Survey and The Value Line Convertibles Survey. VLP also provides current and historical financial databases which include DataFile, Estimates & Projections, Convertibles, ETFs and Mutual Funds in standard computer formats. The Company also markets investment analysis software and includes The Value Line Investment Analyzer (which was last updated in 1999) and Value Line Mutual Fund Survey for Windows (which was last updated since 1998). The Company's print and electronic services are marketed from time to time through media, direct mail and the internet to retail and institutional investors. The company last advertised on television, CNBC, in 2001. In addition to Value Line Publishing LLC, the Company's other wholly owned subsidiaries...
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...| Value Line Publishing | | Yu ZhangAlex Zurbuch | Mingle Li | | Fin 470 Oct 16, 2011 Value Line Publishing There are two leaders for retail building-supply industry: Home Depot and Lowe’s, the two companies captured more than third of the total sale of the industry. Home Depot hold 22.9% market shares of the industry and Lowe’s hold 10.8% market share. Two companies are head to head competitor but focus on different market, Home Depot focused on large metropolitan areas and Lowe’s focused on rural area. Two companies both maintained online stores. Lowe’s has its own Web site: “Accent & Style” and focused on professional customer. Home Depot developed new type of retail stores in urban area and provide products and services in a compact format. Home Depot developed its first international retailer in 1994 and 10% of Home Depot international stores were built in global area at the end of 2001. Home Depot has 1,333 stores and 256,300 employees in 2001 and Lowe’s has 744 stores and 108,317 employees in the same period time. Return on equity shows how well a company uses investment funds to generate earnings growth. Generally a return on equity between 15% and 20% are considered desirable. Home Depot’s five year returns on equity all between 15% and 20% and Lowe’s five year returns on equity mostly less than 15%. The data prove Home Depot got higher net earnings than Lowe’s. Gross margin can use to determine the value of increasing sales. The...
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...Technology Save the Publishing Industry? 1. Evaluate the impact of the Internet on newspaper and book publishers using the value chain and competitive forces models. In the past, Internet has had a negative effect on all publishing, including both the newspaper and book industries. Publishing companies have experienced a decline in advertising revenues, circulation, and readership while Internet traffic to online news sites and readership of e-books has grown rapidly (1). Many blame the newspaper and publishing companies themselves, expressing a defect in the companies’ value chain and competitive force models as they relate to the Internet. According to Michael Porter’s value chain model, a company must perform each business activity in the model in the most efficient way possible in order to add value to the company, i.e. maximize shareholder wealth and sustain a competitive advantage (2). Value-adding activities that are vital to the company according to the model are inbound logistics, operations, outbound logistics, marketing and sales, and service. The infrastructure of the company, human resource management, technology development, and procurement are all supporting activities that must be performed efficiently as well (3). In the past, newspaper and book publishing companies have failed at performing these value-adding activities efficiently, leading to minuscule profit margins. Simply put, these companies failed to offer a level of value that exceeded the...
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...frequently updated, cheaper to produce, and accessible everywhere (Greco 2). To that end, the internet has helped many web-based media business increase their market share while simultaneously decrementing those owned by their offline competition. Given their inferiority in cost, channeling, and time-to-market, how do traditional publishers stay in business? In the same way opposing forces in nature result in a state of equilibrium, there is a single overarching mechanism in the publishing industry that is designed to buffer short-term market gains and resist long-term change. This built-in mechanism in the media business consists of a multitude of socioeconomic factors. We will first explore the economics behind the publishing industry, which includes the horizontal integration of ownership and realizing specific market segmentation, such as textbooks. Then, we will scrutinize the social implications such as conventions, content censorship, and government regulation, and finally, delve in on a specific case of value-added books. In assessing the economics of the...
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...more than 49$ today) and didn’t stop at that, it made the purchase of e-books even more affordable by subsidizing the later. A strategy that no competitor can follow, because very few can afford to lose money on every sale they make. In addition, Amazon is making it very easy and very profitable for writers to self-publish on the kindle web store. This is a real game changer. Because not only writers that cannot find a publisher are now able to publish their books with a few clicks, but even established writers are becoming more and more interested because of the more favorable offered by Amazon (up to 70% Royalties). 2. What would you identify as the most important risks and benefits of further vertical integration by Amazon into book publishing? One of the most important benefits...
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...of the experience of the company under martial law) 2. View Point – Mr. Eduardo B. Olaguer (Chairman of the Board and CEO) 3. Major Policy Statement - The Philippine Journalist Inc., is a publishing company of group of journal such as People’s journal, Journal Tonight etc. it is known for local and international standards in publishing journals, and aims to equal other company not only locally but also to other parts of the world by the following years to come. 4. Current Operational Policies a. Management – As what the case shows, Poor management that resulted in many problems for the company especially in the event of the Martial Law. b. Marketing – The PJI is a company known for publishing different kinds of journal, which is why advertising is not a big issue that need to be discussed. Well in their case, because of the martial law perhaps this was the greatest hindrance to the future plans of the company. c. Finance – From the history of the company, it has shown the poor level of stocks of the company. This is mainly because of the Martial law that resulted to much more problems such as: unavailability of stocks, no transfer of book and no stock certificates were issued at that time. d. Operations – The operations of the business was normal ever since the martial law started. Publishing different journals not only locally but also internationally. e. Human resources – The company shows basic information about the structure of a business enterprise that compose the top,...
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...The Threat of Online Publications to the Traditional Publishing Industry The aggregate demand of published material, both online and offline, is a fixed number. Publishers in today's mass media market face fierce competition; each customer that an online publisher wins comes at the expense of its offline counterpart. To illustrate, imagine the unequal slicing of a pumpkin pie representing market shares that vary in size. The sum of all shares, or 'slices,' adds up to the total client base. Although each publisher already owns a portion of the pie, it still covets those who have a bigger slice. In this zero-sum game, with each new slice that a publisher gains, its pie becomes incrementally larger, while the competition's becomes incrementally smaller. Statistics have shown an upward trend in e-journal subscriptions in recent years, mainly because online periodicals are more frequently updated, cheaper to produce, and accessible everywhere (Greco 2). To that end, the internet has helped many web-based media business increase their market share while simultaneously decrementing those owned by their offline competition. Given their inferiority in cost, channeling, and time-to-market, how do traditional publishers stay in business? In the same way opposing forces in nature result in a state of equilibrium, there is a single overarching mechanism in the publishing industry that is designed to buffer short-term market gains and resist long-term change. This built-in mechanism...
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...control over to improve upon by taking strategic actions. After taking an in-depth search on Harper Collins I discovered some of its strengths and weaknesses which are; STRENGHTS; Management know-how, experience over 200years. Having foremost authors ranging from Nobel-prize winners to worldwide bestsellers. First to digitize its content. Green technology in production to achieve carbon-neutral production to produce environmentally-friendly books. WEAKNESSES; Few countries presence Lower English-language consumer-book market share of 8% compared to penguin 15% Harper Collins is figuring out how to survive and thrive in the new book industry landscape which is constantly been altered by e-books and digital publishing(digitalbookworld 2012) No self-publishing services for authors. Lower E-book sales compared to competitors and market average. Some Opportunities and Threats facing Harper Collins- external OPPORTUNITIES; Transmedia; “Transmedia’ is a term which describes stories that take place across multiple...
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...Kyle Fortin Case 12: VALUE LINE PUBLISHING, OCTOBER 2002 From a profitability standpoint, Home Depot created value, according to their 12.3% WACC found in exhibit 3. They are consistently creating value in all years (97’-01’) beings their ROC is higher than their WACC. Considering the Industry ROE average was 17.1% in 1997 according to Wikinvest.com, Home Depot was a little behind the game as far as creating value for their investors. Home Depot’s Gross Margin increased steadily each year, indicating higher profits, as well as their operating margin increasing to a high in 99’ and leveling out around 2001 due to the economic factors erupting after 9/11. Their NOPAT margin is higher than their biggest competitor lowe’s so they were consistently producing more returns, in conjunction with greater sales figures. Home Depot is operating on relatively wide margins compared to its competitors; its substantial growth rate is quite high compared to Lowe’s which is easily explained by their innovative business strategy. The Home Depot at the end of 2000 stands on good financial footing. Their net revenues have grown 208% between FY 1995 and FY 2000. Home Depot continues its market saturation strategy which consistently grows their net revenues. Home Depot’s growth in net earnings over the same period has been 284%. The money that the firm is retaining as profits is larger than the total amount being brought into the company, indicative of a company that is realizing economies of...
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...Case Analysis: National Publishing Company Problem Definition: Perception of children of higher age group towards the magazine “Titli” as a magazine for younger children. Situational Analysis: “Titli”, a children’s fortnightly vernacular magazine published by National Publishing Company is market leader in the children’s periodicals segments. Despite an active advertisement campaign, promotional schemes and withdrawal of another leading children’s fortnightly named “Children’s delight” is showing a downward trend in its circulation. The circulation of children magazine has climbed a peak in 1986 then there was a gradual decline in the circulation in this segment. Mr. R. Saxena, Marketing manager of the company had commissioned a study by a professional market research agency for gaining deeper understanding of the situation and to obtain inputs which would assist him in decision making. He is in deep pressure to revert back the declining sales and market share of the Titli magazine. Strategy: National Publishing Company should come up with a new magazine called as“Titli plus” which will be targeting the age group ranging 12-14 years (i.e. VIII- Xclass). Supportive arguments: Based on study, it is evident that with increase in age group the readership is increasing till the age of 11 years and after that it is decreasing sharply. This could be attributed to the changing preference of the children in this age group. Lapsed readership rate (which is near about 57 %) also...
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...I believe that Harlequin Enterprise should continue publishing “romance fiction” books. Harlequin is the world’s largest publisher in romance fiction and should allocate their resources to maintain a strong sustainable competitive advantage. I will discuss some barriers that Harlequin has established such as brand loyalty and excellence with quality vs. cost in relation to the VIRA framework. This shows how certain aspects my be difficult to imitate while bringing value and rarity to Harlequin Enterprise. Brand loyalty is a vital resource for a publishing industry. Harlequin has created brand loyalty by having constant quality products at low cost. These two aspects have created brand recognition that has created trust and relationships with customers. This is a valuable, rare, and imperfectly imitable resource to Harlequin that provides a sustainable competitive advantage. Continuing romantic fiction novels will allow Harlequin to continue to use its’ existing distribution channels. Harlequin’s distribution is a resource heterogeneity that is valuable and rare providing a temporary competitive advantage. Harlequin distributes through supermarkets, mass merchandisers, and drugstores with contracts that provide a competitive advantage through predicting sales and returns that benefit on a cost accounting basis. Harlequin has the resources of receives 30,000 unsolicited manuscripts per year and the capabilities of amazing editors. The manuscripts are a valuable...
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...profitable industry leader. Situation Analysis Issue and Opportunity Identification Harrison-Keyes is a global print publisher that is facing challenging issues. Harrison-Keyes anticipates launching a strategy that will revitalize the company and make them a leader in the industry. Meg McGill was hired by Harrison Keyes to initiate the revitalization process because of Meg McGill knowledge of the technologically advanced industry. Meg McGill began the first phase of her e-publishing strategy. In the course of the implementation strategy Meg ran into numerous issues. The implementation process lacked defined scope. “Project scope is the definition of the end result or mission of your project—a product or service for your client/customer” (Gray and Larson, 2006, p.4). The outsourcing segment of the strategy Meg McGill faced many issues. Asia Digital was chosen as the outsourcing company for the e-publishing strategy. Asia Digital is currently out of business due severe flooding. Meg McGill has resigned from Harrison-Keyes. William Guardo is the new CEO for Harrison-Keyes. William Guardo gives...
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...You need to say something rather than just launching into it. Option 1: Cost Leadership With a long term strategy based on the ability to be cost leaders in the online retail market, Amazon Inc. strives to ensure all corporate level decisions adhere to this goal. REFERENCE Prices on Amazon.com are around the lowest in terms of products sold and the background services that make it possible for third party traders to make use of the marketplace. This strategy employed has made it possible for Amazon to recognise significant increases in revenue; however they have recently begun to notice changes in their profit margin. A loss of $0.1 billion was recorded last year, REFERENCE which was attributed to modification made to their distribution centres and the underwriting of costs of production for the Kindle Fire. There is a need to for Amazon to increase their profit while striving to maintain the balance between low costs in order to not lose their customers. In order to achieve this they should look to increasing the costs associated with Third Party traders. REFERENCE These fees include: * Subscription Fees * Transaction Fees * Advertising Fees * Affiliate Fees There are risks attached to pursuing this proposed strategy as it involves increasing prices which always serves as a deterrent to customers. Some of which include government regulations, new entrants and pre-existing customers confidence. * Government Regulation: any unfair increases in subscription...
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...stakeholders here? To whom (or what) does Davis owe her allegiance? The stakeholders in this case are the employees of Davis Press. The employees play a major role in this case because of the amount of work they do for the company. Another stakeholder in this case is the government because in the event problems occur between countries. This sort of situation happen when Rushdie’s book was published where there was issues between Britain and Iran. Carol owes her loyalty to the employees for the amount of work they put in and getting the firm to where it is today. Carol’s decision here whether or not to publish the book would solely affect the employees and possible put them in danger. Referring back to the course material and the universal values, people are entitled to human rights. If Carol chooses to publish the book and problems occur...
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...errors in syntax and spelling. They also check details of the information in the copy against standard references. - I think those are their ability to work in a methodical and meticulous manner, paying attention to minor details. Broad Perspective • To recognize the worth of a piece of work, copy readers need to consider things from their audience's point of view. They should know their audience well and be aware of its expectations and demands. - They are required to have the ability to think creatively and come up with several variants of an idea that hold distinctive appeal for the audience. They need broadness of vision to recognize items of value that will sustain audience interest over a longer duration. Good at Communication • The job of a copy reader involves interaction with authors as well as publishing staff. Copy readers need to communicate clearly with authors to ensure the copy is in keeping with the publication's style and policies. - They need to have...
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