The UK publishing industry is one of the largest in the world and, according to the DCMS, contributes c. £10 billion in value to the UK economy. The publishing sector encompasses a diverse range of businesses including newspaper and consumer magazine publishers, trade book publishers, business-to-business information providers, content marketers or customer magazine publishers, educational, scientific, technical and medical publishers, and providers of must-have information, data and technical updates for industry professionals.
Publishing companies are at the forefront of the knowledge economy and a driving force in the innovation of digital business models. The UK is a world leader in the development of international standards for the electronic access and delivery of content. While traditional print titles are still going strong, publishers have increasingly moved their businesses away from reliance upon the print model, into the online arena or are extending their brands through the creation of associated events, conferences, industry award ceremonies and networking opportunities.
As the publishing industry continues to evolve, we can advise our clients on the best models and solutions for their business. Some of the specialist work that we have delivered to our clients includes advising upon valuing individual publishing assets pursuant to a possible disposal or portfolio reorganisation, advising upon the VAT treatment of “bundled subscriptions” to printed and electronic products, defining appropriate income recognition policies for subscriptions and repeat advertising revenues, and advising upon the data protection act issues involved with subscriber databases.