RFR Holding is more than 90 days delinquent on the mortgage for 90 Fifth Ave., according to Fitch Ratings, the latest sign of mounting strain for the developer fighting eviction from the Chrysler Building.The 140,000 square-foot building at the corner of West 14th Street is a small part of RFR’s... Continue reading >> [ Source: Crains New York | 2024-10-25 17:48:58 UTC ]
Anyone who lived within 2 miles (3.2 kilometers) of the derailment can get up to $70,000 per household for property damage plus up to $25,000 per person for health problems. A federal judge on Wednesday approved a $600 million class-action settlement Wednesday that Norfolk Southern railroad... Continue reading >> [ Source: Fast Company | 2024-09-26 13:48:03 UTC ]
In what is likely a record price for an audiobook publisher, KKR, the private equity firm that owns RBmedia—and a rumored contender to buy S&S—is selling the company for an alleged $1 billion sum. Continue reading >> [ Source: Publishers Weekly | 2023-07-26 04:00:00 UTC ]
Digital media and marketing group Jellyfish has been wholly acquired by The Brandtech Group, driving their combined revenue to more than $1 billion. Jellyfish, which was co-founded in 2005 by chief executive Rob Pierre, currently operates across 38 offices and employs more than 2,000 people. It... Continue reading >> [ Source: AdWeek | 2023-06-01 12:00:00 UTC ]
Driven by an increase in its physical stores, sales at Indigo Books & Music increased 17.4% in the fiscal year ended April 2, 2022, over fiscal 2021, rising to C$1.06 billion. Canada’s largest bookstore chain had an operating profit of C$29 million, compared to a loss of C$31.9 million in... Continue reading >> [ Source: Publishers Weekly | 2022-06-08 04:00:00 UTC ]
OnlyFans, the platform that allows creators to sell material directly to customers, will soon implement new restrictions on the publication of adult content. Starting in October, the company will ban the sale of sexually explicit content and depictions of sexual acts. The move does not cover all... Continue reading >> [ Source: Engadget | 2021-08-20 17:40:41 UTC ]
Covid-19 has hit publishers especially hard, from lost revenue due to keyword blocking and changing consumer news preferences. News Corp has been deeply affected, suffering a net loss of $1 billion in the third quarter of 2020. Stephanie Layser, vp of advertising technology at News Corp, spoke... Continue reading >> [ Source: AdWeek | 2020-07-15 19:21:32 UTC ]
Harry Hoffman, the most powerful person in bookselling in the 1980s as the CEO of Waldenbooks, died on May 20 at age 92. Hoffman took over the 500-bookstore chain in 1979 and, when he retired in 1991, the chain had about 1,300 outlets and sales of over $1 billion. Continue reading >> [ Source: Publishers Weekly | 2020-05-29 04:00:00 UTC ]
New Jersey-based Wainscot Media announced this week that it has acquired a pair of B2B healthcare industry magazines from Scranton Gillette Communications for an undisclosed sum. The 8x frequency Imaging Technology News and bimonthly Diagnostic and Interventional Cardiology, both of which trace... Continue reading >> [ Source: Folio Magazine | 2020-01-14 19:19:58 UTC ]
The new annual sales survey from the APA shows audiobooks holding its market lead for growth in formats, with listening in cars on the upswing in 2018. The post Audio Publishers Association Survey: Nearly $1 Billion in 2018 Sales appeared first on Publishing Perspectives. Continue reading >> [ Source: Publishing Perspectives | 2019-07-16 17:07:26 UTC ]
The founders of Instagram announced in a surprise move Monday that they were leaving Facebook Inc. Kevin Systrom and Mike Krieger said they were “ready for their next chapter” and said they were grateful for the six years they spent at Facebook, which acquired the photo sharing app for $1... Continue reading >> [ Source: Los Angeles Times | 2018-09-25 00:00:00 UTC ]
After months of searching, Meredith Corporation has finally found a proper suitor for Time magazine. On Sunday, September 16, the company announced it has sold the legacy brand it acquired in January this year for $190 million in cash to Marc and Lynne Benioff. Marc Benioff is the founder,... Continue reading >> [ Source: Folio Magazine | 2018-09-17 00:00:00 UTC ]
After booking C$1 billion in revenue in its most recent fiscal year, Canadian bookselling chain Indigo is looking to expand into the U.S. Continue reading >> [ Source: Publishers Weekly | 2017-07-21 00:00:00 UTC ]
Bertelsmann has agreed to buy a 22% stake in Penguin Random House that will generate about $1 billion for Pearson, which will still have a 25% stake in the trade publishing giant. Continue reading >> [ Source: Publishers Weekly | 2017-07-11 00:00:00 UTC ]
Kik, a chat app that claims 40% of U.S. teenagers as users, announced a $50-million investment Tuesday from Chinese tech company Tencent that values the start-up at $1 billion. Continue reading >> [ Source: Los Angeles Times | 2015-08-19 00:00:00 UTC ]
Analysts say the $20 bump, from $79 to $99, could add up to $1 billion to the company's revenue.Amazon Prime is a great deal. You get free two-day shipping on most of your packages, unlimited access to Amazon's growing trove of streaming movies and TV shows, and the ability to rent ebooks from... Continue reading >> [ Source: Fast Company | 2014-03-13 00:00:00 UTC ]
If the plaintiff number is granted, it would put the total damages in this ebook conspiracy at over $1 billion. Five publishers have already paid $166 million. Continue reading >> [ Source: Publishers Weekly | 2014-02-03 00:00:00 UTC ]
When Vice first appeared on Ad Age's Magazine A-List in 2010, it raised more than few eyebrows among industry stalwarts. For one thing, it was the first free-distribution magazine Ad Age had ever honored. And another thing—OK, the main thing—Vice is a cheerfully irreverent, quasi-rude... Continue reading >> [ Source: Crains New York | 2013-10-22 00:00:00 UTC ]
Scribd formally launched ebook subscriptions today and the company CEO said he believes the service could eventually produce $1 billion in annual revenue. Continue reading >> [ Source: Publishing Perspectives | 2013-10-02 00:00:00 UTC ]
According to internal documents obtained by the website TechCrunch, Microsoft has offered $1 billion for the digital assets of Nook Media, Barnes & Noble's digital book venture.According to internal documents obtained by the website TechCrunch, Microsoft has offered $1 billion for the... Continue reading >> [ Source: Los Angeles Times | 2013-05-09 00:00:00 UTC ]