In recent months, a shareholder battle has roiled Le Monde, which is effectively France’s paper of record. In October 2018, staff and readers, representatives of whom own 25 percent of its parent company, lashed out after one of Le Monde’s shareholders furtively sold a chunk of his stake to a controversial tycoon from the Czech Republic. The paper’s editorial independence, staff said, was under threat. Recently, with tensions running high, hundreds of Le Monde journalists took an extraordinary step, demanding—in a column published by the paper—that their owners accede to their demands, or else face the consequences. Le Monde’s journalists have always had a big say in how they are managed. They held a controlling stake in the paper from its founding—in 1944, at the urging of the freedom fighter and future French president Charles de Gaulle—until 2010 when, facing dire financial straits, they ceded control. A trio of businessmen bought in: Xavier Niel, the founder of French telecoms company Free; Matthieu Pigasse, an investment banker; and Pierre Bergé, the former business partner of Yves Saint Laurent. The new shareholders sat in a delicate equilibrium, with none of them holding a majority of the parent company. To guarantee Le Monde’s editorial independence, a group representing journalists, staff, and readers retained a quarter-ownership stake, and a say in decisions going forward. When Bergé died, in 2017, Niel and Pigasse agreed to split his shares. The same year, the... Continue reading at 'Columbia Journalism Review'
[ Columbia Journalism Review | 2019-10-08 12:07:56 UTC ]
Even compared to this year’s other brutal weeks for American journalism, the past seven days have been particularly turbulent. Last Wednesday, the publishing giant McClatchy reported severe liquidity problems along with its third-quarter results; its share price has since collapsed from $2.28 to... Continue reading at Columbia Journalism Review
[ Columbia Journalism Review | 2019-11-20 13:10:34 UTC ]
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In recent months, a shareholder battle has roiled Le Monde, which is effectively France’s paper of record. In October 2018, staff and readers, representatives of whom own 25 percent of its parent company, lashed out after one of Le Monde’s shareholders furtively sold a chunk of his stake to a... Continue reading at Columbia Journalism Review
[ Columbia Journalism Review | 2019-10-08 12:07:56 UTC ]
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Welcome to the latest edition of Ad Age Publisher’s Brief, our roundup of news from the world of content producers across digital and print. Got a tip? Send it our way. Joining us late? Here’s the previous edition. A private word: Back in April, The New York Times announced the launch of... Continue reading at Advertising Age
[ Advertising Age | 2019-07-17 18:51:36 UTC ]
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Welcome to the latest edition of Ad Age Publisher’s Brief, our roundup of news from the world of content producers across digital and print. Got a tip? Send it our way. Joining us late? Here’s the previous edition. Food for thought: Back in April, The New York Times announced that it would be... Continue reading at Advertising Age
[ Advertising Age | 2019-07-11 19:24:56 UTC ]
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The company that recently bought has found someone to run it: a small media company called Maven. Authentic Brands Group bought Sports Illustrated from publishing giant But in a filing Monday,... To view the full story, click the title link. Continue reading at Crains New York
[ Crains New York | 2019-06-18 15:21:07 UTC ]
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Plus unfortunate controversy in the competitive 'Overwatch' scene, a publishing giant goes on the market, and more gaming news. Continue reading at Wired
[ Wired | 2019-01-04 00:00:00 UTC ]
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The late Peter Mayer is remembered as the man who made the Penguin Group 'the world’s most admired and successful publishing company.' The post At Peter Mayer’s Memorial Service: Appreciation for a Publishing Giant appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-12-07 00:00:00 UTC ]
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The Economist Group is nearing a deal to sell CQ Roll Call to SaaS firm FiscalNote in exchange for an 18 percent stake in the company, according to an announcement released Wednesday. Expected to be finalized later this year, the proposed deal would see the London-based publisher become the... Continue reading at Folio Magazine
[ Folio Magazine | 2018-07-25 00:00:00 UTC ]
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Fred Santarpia, Conde Nast's chief digital officer, discussed the publishing giant's paywall strategy, e-commerce plans and more. The post More paywalls are ‘highly likely’: A Digiday+ Slack town hall with Conde Nast’s Fred Santarpia appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2018-02-02 00:00:00 UTC ]
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The beleaguered FTSE 100 firm strengthens balance sheet by selling a 22% stake to Bertelsmann in deal valuing the publishing giant at $3.55bn Pearson has sold a 22% stake in Penguin Random House, the world’s biggest publisher, with titles ranging from Fifty Shades of Grey, Jamie Oliver and The... Continue reading at The Guardian
[ The Guardian | 2017-07-11 00:00:00 UTC ]
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Rightwing provocateur seeks damages from Simon & Schuster after it dropped memoir Dangerous over contentious remarks – but imprint says suit is ‘without merit’A $10m (£7.7m) lawsuit announced by far-right provocateur Milo Yiannopoulos has been dismissed by his former publisher as... Continue reading at The Guardian
[ The Guardian | 2017-07-10 00:00:00 UTC ]
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Firms including Penguin Random House and HarperCollins have spoken out about timber company’s ‘dangerous’ moves to quash campaigners’ claims The world’s biggest book publishers have been dragged into a bitter dispute between a US logging company and environmental campaigners Greenpeace. It... Continue reading at The Guardian
[ The Guardian | 2017-06-21 00:00:00 UTC ]
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Temporary censorship of Matthew Caruana Galizia – who worked on the Panama Papers – raises concern over Facebook’s power to shape the newsFacebook has censored a Pulitzer prize-winning journalist for publishing a series of posts alleging corruption by the prime minister of Malta and his... Continue reading at The Guardian
[ The Guardian | 2017-05-19 00:00:00 UTC ]
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Netflix has acquired exclusive film rights for The Panama Papers, published in the UK by Oneworld. Continue reading at The Bookseller
[ The Bookseller | 2016-08-02 00:00:00 UTC ]
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After pulling installments of the Chaos Rings series from the App Store and then filing a trademark for a game called Cosmos Rings in Europe, Square Enix turned some heads. Now the publishing giant is bringing us an interesting new release: an RPG ex... Continue reading at Engadget
[ Engadget | 2016-07-21 00:00:00 UTC ]
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Time Inc. has had a string of acquisitions and launches aimed at young women over the past year, from HelloGiggles to homegrown startups Mimi and Motto. Like the publishing giant itself, the Gen Y strategy reflects the awareness that young people aren’t all alike. So each site targets audiences... Continue reading at Digiday
[ Digiday | 2016-02-29 00:00:00 UTC ]
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Calling the question Conference organisers, prize judges, pretty much anyone who has a role in deciding who gets to be heard: don’t they notice the roll call of mainly white men? Continue reading at The Bookseller
[ The Bookseller | 2015-10-10 00:00:00 UTC ]
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Experience on the buy side and sell side of media brought David Katz to where he is today, running ad solutions at Hearst's Core Audience, the programmatic ad buying division of the publishing giant. The senior director of ad solutions works with hundreds of salespeople, arming them with data... Continue reading at Advertising Age
[ Advertising Age | 2015-09-30 00:00:00 UTC ]
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