Backed by Billionaire, Tribune Rejects Gannett's Latest Bid

Tribune Publishing, infused with a $70.5 million investment from billionaire Patrick Soon-Shiong, rejected Gannett's latest takeover offer, escalating the battle between the newspaper publishers.Gannett's revised proposal is "clearly inadequate" to control the owner of the Los Angeles Times and the Chicago Tribune, Chief Executive Officer Justin Dearborn said in a statement Monday. The $15-a-share proposal from the publisher of USA Today was 22% more than its original bid of $12.25 offered publicly on April 25. Tribune sank in New York trading.In rebuffing Gannett a second time, Tribune is issuing 4.7 million common shares to Soon-Shiong's Nant Capital at $15 apiece, according to a separate statement Monday. Following the deal, Soon-Shiong will become vice chairman on the board and Nant Capital will have a 12.9% stake, making it Tribune's second-largest shareholder. That would put it ahead of Oaktree Capital Management, which called last week for a board committee free of top shareholder Michael Ferro's influence to consider Gannett's offer. The moves are the most aggressive yet by Ferro to fend off Gannett. Continue reading at AdAge.com Continue reading at 'Advertising Age'

[ Advertising Age | 2016-05-24 00:00:00 UTC ]
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Back-To-School Boost on DonorsChoose Today

Fund some classroom libraries today on DonorsChoose with the help of a boost from the Gates Foundation. Continue reading at Book Riot

[ Book Riot | 2021-08-12 10:39:00 UTC ]
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Amazon cuts back drone delivery team

Online retail giant Amazon has cut back its pioneering drone delivery team, but says it will still have a Prime Air presence in the UK. Continue reading at The Bookseller

[ The Bookseller | 2021-08-09 16:20:14 UTC ]
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There's a long history of dances being pilfered for profit – and TikTok is the latest battleground

In choreography, the gray areas of copyright law make it difficult to determine what constitutes copyright infringement or plagiarism. Continue reading at The Conversation

[ The Conversation | 2021-07-23 12:13:47 UTC ]
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Reese’s Book Club’s Latest Pick

Check out the latest pick from Reese's Book Club--a YA historical fiction set in the New South--and #ReadWithReese this summer. Continue reading at Book Riot

[ Book Riot | 2021-07-20 19:01:58 UTC ]
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Nicholas Kristof, Times Columnist, Weighs Bid for Oregon Governor

Mr. Kristof, a two-time Pulitzer Prize winner known for his coverage of human rights abuses and women’s rights, said friends were trying to recruit him into the race to replace Gov. Kate Brown, a Democrat. Continue reading at The New York Times

[ The New York Times | 2021-07-19 17:22:47 UTC ]
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Border Patrol Sends Back 7 Canadians Who Used Library Lawn To Enter US

Before the pandemic, Canadians were allowed to visit the Haskell Free Library without having to visit a customs post. Continue reading at The Huffington Post

[ The Huffington Post | 2021-07-08 21:22:12 UTC ]
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Agencies’ latest DE&I initiatives aim to dig deeper into systemic challenges for diverse and minority media

Publicis, Nielsen and Havas Media all took steps to advance DE&I efforts in the last 24 hours. The post Agencies’ latest DE&I initiatives aim to dig deeper into systemic challenges for diverse and minority media appeared first on Digiday. Continue reading at Digiday

[ Digiday | 2021-07-08 04:01:00 UTC ]
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Write to roam: why armchair travelling is back in fashion

Reissued tales of classic journeys are being snapped up as Britons long for escape while having to stay at homeSome will go on a “great trudge” from the Hook of Holland to Istanbul. Others will explore the canyonlands of Utah or the mountains of Iran. But there is one idiosyncrasy they will all... Continue reading at The Guardian

[ The Guardian | 2021-07-04 07:30:15 UTC ]
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Why do writers need agents? To keep track of the rejections

That 10% fee buys a novelist like me more than the chance of a big book deal – from a hand with the DIY to a shoulder to cry on after yet another knockbackA few weeks after the sudden death of my agent, Deborah Rogers, in 2014 the colleague deputed to take me on phoned. “I’ve found something in... Continue reading at The Guardian

[ The Guardian | 2021-06-28 09:00:29 UTC ]
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Rise of 'hybrid authors' as writers buy back their rights

The “rise of the hybrid author” was discussed at London Book Fair, with the prediction that writers will increasingly buy back rights to their own books from publishers.  Continue reading at The Bookseller

[ The Bookseller | 2021-06-24 22:00:58 UTC ]
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‘Le Divorce’ was a ’90s sensation. Diane Johnson is back again with another hit.

‘Lorna Mott Comes Home’ is signature Johnson: a delightful, jet-setting comedy of manners. Continue reading at The Washington Post

[ The Washington Post | 2021-06-21 06:00:00 UTC ]
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Books in the Media: Galgut's latest promises to be 'one of the best novels of the year'

Damon Galgut's The Promise (Chatto & Windus) came out on top in this week's reviews, with the twice Booker-shortlisted author picking up nods from the Guardian, Times and New York Times.  Continue reading at The Bookseller

[ The Bookseller | 2021-06-20 22:03:08 UTC ]
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ABA Brings Back #BoxedOut Marketing Campaign

Ahead of Amazon's Prime Day sales event, set for June 21 and 22, the ABA is reviving its #BoxedOut campaign, which is aimed at highlighting the danger that Amazon's dominance of online retailing continues to pose for local communities and independent stores. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-06-18 04:00:00 UTC ]
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New Publisher Says It Welcomes Conservative Writers Rejected Elsewhere

All Seasons Press, started by former executives from Simon & Schuster and Hachette, plans to publish books by the former Trump officials Mark Meadows and Peter Navarro. Continue reading at The New York Times

[ The New York Times | 2021-06-15 22:28:39 UTC ]
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Oprah’s latest Book Club pick, ‘The Sweetness of Water,’ is a miraculous debut

Nathan Harris sets his novel in Georgia during the murky twilight of the Civil War. Continue reading at The Washington Post

[ The Washington Post | 2021-06-15 07:08:15 UTC ]
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Bill Clinton and James Patterson are back in action — and still ridiculous

“The President’s Daughter” is the follow-up to the duo’s 2018 bestseller “The President Is Missing.” Continue reading at The Washington Post

[ The Washington Post | 2021-06-07 11:00:00 UTC ]
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Marie Claire owner reports record profits on back of Covid reading boom

Future’s share price soars as it says full-year results will be ‘materially ahead’ of expectationsCoronavirus – latest updatesSee all our coronavirus coverageFuture, the owner of magazines from Marie Claire to Metal Hammer and sites such as TechRadar and GoCompare, has reported record revenues... Continue reading at The Guardian

[ The Guardian | 2021-05-19 12:15:47 UTC ]
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Bookshop.org urges industry to back indies with links in Independent Bookshop Week

Online indie retailer Bookshop.org is calling for publishers and authors to link to independent bookshops and its own site for the duration of Independent Bookshop Week (IBW). Continue reading at The Bookseller

[ The Bookseller | 2021-05-10 23:36:00 UTC ]
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In ‘Brat,’ Andrew McCarthy looks back at his younger self — a sheepish outsider, torn between ambition and art

McCarthy provides an entertaining if hazy glimpse behind the scenes with the Brat Pack. Continue reading at The Washington Post

[ The Washington Post | 2021-05-08 12:00:00 UTC ]
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Alan Moore is back—with a five-volume epic fantasy series about London (sort of).

Alan Moore is back, baby, and he’s positively bursting with fiction (his words, not mine). Yes, two years on from his much-publicized comic book world retirement, the mercurial, cantankerous, adaptation-hatin’ creator of Watchmen, V for Vendetta, From Hell, and The League of Extraordinary... Continue reading at Literrary Hub

[ Literrary Hub | 2021-05-03 16:04:33 UTC ]
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