4 ms·
> What do they spend all that money on? Here is the most recent annual of their parent company: http://www.relx.com/investorcentre/reports%202007/Documents/20
by nisa 10y ago
> What do they spend all that money on?
Here is the most recent annual of their parent company:
http://www.relx.com/investorcentre/reports%202007/Documents/2015/relxgroup_ar_2015.pdf http://www.relx.com/investorcentre/reports%202007/Documents/...
I don't have the time nor knowledge to give a summary on this but it's quite interesting - e.g. page 8 - 50% of their income are subscriptions and 80% of these are electronic. The other 50% are "transactional" I guess that means fees.
I can't read investor reports but I guess some answers are in there.
- gleb 10y agoPage 94 - Consolidated income statement
- cmarschner 10y agoSo, roughly, 50% cost of sales (print, inventory, online services), 40% salaries, 10% depreciation
- cakeface 10y agoA transactional expense may be purchasing a license to the online version of the content for perpetual access. Similar to how when you buy a print journal you can keep that forever. The way some online publishing sales work is that you buy this year's journals as a capital expenditure as for perpetual access. Then you usually still need to pay an much smaller hosting/access fee forever but you've essentially licensed the content forever. This works better for some libraries versus the subscription model.