After 42 years, the Dolan family will no longer control Cablevision. The New York-based cable operator announced this morning it has agreed to sell to Altice Group, a European telecom company controlled by French cable entrepreneur Patrick Drahi. Altice will pay $34.90 a share, making the deal worth $17.7 billion including debt. The acquisition also includes Newsday Media Group, publisher of Newsday and amNewYork, but does not include the Madison Square Garden Company, which owns the namesake arena and the New York Knicks and New York Rangers. It's the second U.S. deal for Altice this year. The company announced plans to acquire Suddenlink Communications, which operates in 17 midwestern and southern states, in May. Cablevision, which predominately serves the New York metro area and Long Island, has about 3.1 million subscribers. Altice says that with Suddenlink and Cablevision combined, it will be the fourth largest U.S. cable provider, behind Comcast, Charter and Time Warner Cable (the latter two of which are attempting to merge). "The deal underscores the increasingly global nature of premium video content and distribution, a trend that is also illustrated by the international growth path that Netflix is on," said Eric Schmitt, evp of TV and media at cross-channel marketing firm Allant. This morning's deal caps a frenzied two years of cable consolidation as subscribers continue to drop cable in favor of going over the top—Cablevision lost 16,000 cable homes in the... Continue reading at 'AdWeek'
[ AdWeek | 2015-09-18 00:00:00 UTC ]
Publishers Association chief executive Richard Mollet has warned that the new European Commission's drive to impose a digital single market risks undermining Europe's cultural diversity and will play into the hands of US-based platform companies. Jean-Claude Juncker's new commission, which... Continue reading at The Bookseller
[ The Bookseller | 2014-11-05 00:00:00 UTC ]
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Bertelsmann has continued its rapid education expansion with a direct investment in iNurture Education Solutions, a provider of higher education services in India. Shobhna Mohn, executive vice president of emerging markets at Bertelsmann, said the investment addressed two of the company's... Continue reading at The Bookseller
[ The Bookseller | 2014-10-31 00:00:00 UTC ]
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The publisher has partnered with Blumhouse Productions, the company behind genre franchises like 'Paranormal Activity' and 'The Purge,' on a new multi-format publishing program, Blumhouse Books. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-10-31 00:00:00 UTC ]
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Bertelmann is to spend "in the mid-hundreds of millions" in US dollars on American e-learning provider Relias Learning, describing it as the company's "biggest purchase in the US since it took over Random House in 1998". The buy, which will have to be approved by antitrust authorities, is... Continue reading at The Bookseller
[ The Bookseller | 2014-10-22 00:00:00 UTC ]
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Prominent New York Times columnist Paul Krugman has criticized Amazon for using its power in ways that “hurt America”. The Nobel Prize-winning economist, who has been described as The Times’ “most heralded” columnist, used a piece in the newspaper yesterday (19th October) to argue that Amazon... Continue reading at The Bookseller
[ The Bookseller | 2014-10-21 00:00:00 UTC ]
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The French digital book watchdog Groupement pour le Développement du Livre Numérique (GLN) has identified at least 20 French publishers whose books are being offered to Scribd subscribers without the agreement of the authors or publishers, according to GLN media spokesperson Elizabeth Sutton. Continue reading at The Bookseller
[ The Bookseller | 2014-10-17 00:00:00 UTC ]
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The James Beard Award-winning author chats with PW about why the French don’t bake for fun, how women in France never say “non” to dessert, and one French take on a very American treat. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-10-16 00:00:00 UTC ]
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The Frenchman has written about the German occupation of his country during World War II. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2014-10-10 00:00:00 UTC ]
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Looking to take advantage of the growing interest in French dual-language programs (DLP), the first Bilingual Education Fair of New York is set to be held this weekend at New York City’s Hunter College. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-10-09 00:00:00 UTC ]
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The literary body, representing 9,000 authors, is calling on the US government to launch a competition investigation into Amazon, following the long-running dispute between the internet retailer and publisher HachetteAmericas Authors Guild has met with the US department of justice to call for an... Continue reading at The Guardian
[ The Guardian | 2014-10-03 00:00:00 UTC ]
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A new bookstore has opened inside the French Embassy in New York promising to be a catalyst for a French-American dialogue of ideas. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2014-09-29 00:00:00 UTC ]
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The publisher-dominated Interactive Advertising Bureau has long relegated ad-tech companies to second tier, "associate" membership. But that era is now over. Today, the industry group announced a restructuring which will grant ad-tech companies full general membership, allowing them to vote on... Continue reading at Advertising Age
[ Advertising Age | 2014-09-29 00:00:00 UTC ]
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Chancellor of the Exchequer George Osborne has promised a future Conservative government would... Continue reading at The Bookseller
[ The Bookseller | 2014-09-29 00:00:00 UTC ]
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On Saturday, Albertine bookstore and reading room, with books in English and French, will open its doors across the street from the Metropolitan Museum of Art. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-09-25 00:00:00 UTC ]
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Amis's French and German publishers passed on his novel about the Holocaust, but another French company will be releasing the book and Amis's agent said there will most likely be a new German publisher that is willing to publish it. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2014-09-19 00:00:00 UTC ]
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HarperCollins Publishers will launch an expedited shipping program for indie booksellers for the holiday season beginning November 3. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-09-17 00:00:00 UTC ]
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Google has added one more to its growing collection of packaged-goods marketing executives -- Julie Eddleman, who was the top U.S. media executive of the biggest U.S. advertising spender, Procter & Gamble Co.Jodi Allen, VP-North America brand of P&G and Ms. Eddleman's boss, has assumed... Continue reading at Advertising Age
[ Advertising Age | 2014-09-12 00:00:00 UTC ]
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French booksellers have found an amusing way to apologize to their customers for not stocking Valerie Treirweiller’s bestselling tell-all, political revenge memoir. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2014-09-10 00:00:00 UTC ]
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The Brookline Village, Mass.-based press has completely revised its first ring-bound cookbook, even removing the rings. It now weighs in at 7.5 pounds. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-08-28 00:00:00 UTC ]
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EducaTablet has launched a digital-content ecosystem where Latin American students can access textbooks from major publishers, in Spanish and English, online and off. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2014-08-26 00:00:00 UTC ]
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