Advantage Business Marketing—the Rockaway, N.J.-based B2B media company formerly known as Advantage Business Media until rebranding in a last-ditch pivot to marketing services a year ago—abruptly shut its doors this week, notifying its more than 50 employees that they were out of a job, effective immediately, and would not be receiving severance packages, according to multiple sources. The private equity-backed publisher of titles like R&D Magazine, Laboratory Equipment and ECN, among several others, didn't respond to voicemails or emails (repeated calls to its corporate offices went unanswered), but current and former staffers as well as others close to the situation say that employees were notified on Monday that ABM was ceasing operations after 13 years and filing for bankruptcy protection. Formed in 2006 when founders Rich Reiff and George Fox, backed by Catalyst Investors, acquired a handful of titles from Reed Business Information, ABM was sold to Austin, Texas-based private equity firm Owner Resource Group in 2014, at which time Jim Lonergan succeeded Reiff as CEO. Lonergan was in turn replaced, last April, by Bruce Cummings, then-CEO of business process outsourcing firm Gila LLC, who was brought in to accelerate ABM's transition from a B2B publisher to a "digital marketing platform provider," according to a company announcement at the time. In January, the company launched the Advantage Business Network, a series of long-form, TV news-style broadcasts meant... Continue reading at 'Folio Magazine'
[ Folio Magazine | 2019-06-19 21:06:21 UTC ]
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William Heinemann has revealed the new novel from Hannibal Lecter creator and The Silence of the Lambs author Thomas Harris will be Cari Mora: "a new story of evil, greed and the consequences of dark obsession". Continue reading at The Bookseller
[ The Bookseller | 2019-01-12 00:00:00 UTC ]
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The UK print market has grown in value for a fourth year running, with 2018 showing a marginal volume increase too. Continue reading at The Bookseller
[ The Bookseller | 2019-01-03 00:00:00 UTC ]
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Welcome to Ad Age's Wake-Up Call, our daily roundup of advertising, marketing, media and digital news. You can get an audio version of this briefing on your Alexa device. Search for "Ad Age" under "Skills" in the Alexa app.What people are talking about todayTribune Media Co. reportedly has a... Continue reading at Advertising Age
[ Advertising Age | 2018-12-03 00:00:00 UTC ]
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Investigative journalist John Carreyrou has won the £30,000 Financial Times and McKinsey & Company Business Book of the Year Award 2018 for Bad Blood: Secrets and Lies in a Silicon Valley Startup (Picador). Continue reading at The Bookseller
[ The Bookseller | 2018-11-14 00:00:00 UTC ]
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#inside story
After stiffing publishers on money owed from its programmatic business, Defy Media, which operates popular YouTube brands such as Smosh and Clevver, shut down Tuesday.It's unclear exactly what prompted its closure, but the digital media company had been dealing with money problems. Back in June,... Continue reading at Advertising Age
[ Advertising Age | 2018-11-07 00:00:00 UTC ]
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Jeff Kinney’s 13th Wimpy Kid title The Meltdown (Puffin) has nipped into the UK Official Top 50 number one spot, selling 57,790 copies to claim the author’s first overall number one since November 2015. Continue reading at The Bookseller
[ The Bookseller | 2018-11-07 00:00:00 UTC ]
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After Harvard Business Review kicked off 2017 by reducing its print frequency to bimonthly—eliminating 40 percent of the issues offered in a $99 annual subscription—it was a combination of smart positioning, creative new digital benefits, and a heavier investment in the six print issues that... Continue reading at Folio Magazine
[ Folio Magazine | 2018-10-18 00:00:00 UTC ]
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Thomas Harris, author of The Silence of the Lambs and Hannibal, is returning after more than a decade with a new novel, to be published by Cornerstone imprint William Heinemann next year. Continue reading at The Bookseller
[ The Bookseller | 2018-10-04 00:00:00 UTC ]
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Penguin Random House and Pan Macmillan dominate the six-strong shortlist for the £30,000 Financial Times/McKinsey Business Book of the Year Award. Continue reading at The Bookseller
[ The Bookseller | 2018-09-18 00:00:00 UTC ]
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Book People has embarked on a year of celebrations, including events, competitions and exclusive content for customers and staff, in honour of its 30th anniversary. Continue reading at The Bookseller
[ The Bookseller | 2018-09-04 00:00:00 UTC ]
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The extraordinary sales achieved by adult colouring titles ballooned the crafts sector, which appears to be somewhat realigning to its pre-2015 levels—but there remain surprise hits in the sector. Continue reading at The Bookseller
[ The Bookseller | 2018-07-31 00:00:00 UTC ]
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A number of smaller publishers, many with dedicated followings and a strong sense of community, are asking readers to buy into pledge and subscription schemes that will bring them longer-term benefits. Continue reading at The Bookseller
[ The Bookseller | 2018-07-31 00:00:00 UTC ]
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Solid but unspectacular growth in print value and volume has been posted through Nielsen BookScan in the first half of 2018, with range the key in the absence of a breakout trend. Continue reading at The Bookseller
[ The Bookseller | 2018-07-16 00:00:00 UTC ]
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Amazon's brutal efficiency, obsession with automation and ruthless pricing tactics have helped it disrupt or conquer market after market, starting with books in 1997. Now it's bringing those tactics to bear on the company's latest target: the ad business.To shoulder its way into an industry... Continue reading at Advertising Age
[ Advertising Age | 2018-04-30 00:00:00 UTC ]
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From Germany, the States, Sweden, Spain, Israel, Mexico, and France, here are works of nonfiction, adult trade and children's fiction, including a sweeping graphic memoir and a novel headed for a cinema near you in February. The post Rights Roundup: Ten Titles Doing Brisk Business Early in the... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-01-30 00:00:00 UTC ]
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The print book market has posted growth in value for the third year running, with 2017 inching up 0.09% on 2016. Continue reading at The Bookseller
[ The Bookseller | 2018-01-04 00:00:00 UTC ]
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Shares in Daily Mail & General Trust slumped the most since 2001 after giving investors news they didn't want to hear: 2018 will essentially be a lost year.The publisher of the Daily Mail newspaper said fiscal 2018 will be a "year of transition," warning of weakness across its businesses, a... Continue reading at Advertising Age
[ Advertising Age | 2017-11-30 00:00:00 UTC ]
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A Simon & Schuster book exploring the human consequences of the General Motors assembly plant closure in an American town has won the £30,000 Business Book of the Year Award 2017. Continue reading at The Bookseller
[ The Bookseller | 2017-11-08 00:00:00 UTC ]
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Allison & Busby, which recently celebrated five decades in business, has struck a rich niche in crime and saga series which sell and sell to their devoted fans. Continue reading at The Bookseller
[ The Bookseller | 2017-07-10 00:00:00 UTC ]
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The outgoing president of the American Association of School Librarians discusses standout moments from her time in office and what may lie ahead for AASL members. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-06-16 00:00:00 UTC ]
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