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 ]
News tagged with:
#york trading
#vice chairman
#second-largest shareholder
A Friday afternoon court hearing on the Trump challenge to John Bolton's book produces no prior restraint, and Simon & Shuster thanks the International Publishers Association for its support. The post As IPA Backs Simon & Schuster on Bolton Book, Court Hearing Yields Little appeared... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-06-19 21:17:52 UTC ]
More news stories like this | News stories tagged with:
#john bolton
#publishers association
The author follows the lives of four high school students in his latest book, 'Show Them You're Good.' Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-06-19 04:00:00 UTC ]
More news stories like this |
Graywolf Press, located five miles from where George Floyd was killed in Minneapolis, is donating $25,000 from the sales of its books that address racism to five local organizations selected by junior staff. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-06-18 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#graywolf press
#george floyd
#address racism
Penguin Random House plans to reopen its Colchester distribution centre next week after the facility was closed late last month for a systems upgrade. Continue reading at The Bookseller
[ The Bookseller | 2020-06-16 18:41:00 UTC ]
More news stories like this | News stories tagged with:
#penguin random house
Staff at Hachette working on J K Rowling's new book The Ickabog have threatened to down tools over the author's recent comments affecting the transgender community. Continue reading at The Bookseller
[ The Bookseller | 2020-06-16 07:05:23 UTC ]
More news stories like this |
After the author’s widely criticized round of gender identity tweets over the weekend, the actor spoke up on behalf of transgender women. The creator of Harry Potter seems to have lost Harry Potter himself, as Daniel Radcliffe comes to the defense of trans women in the wake of J.K. Rowling’s... Continue reading at Fast Company
[ Fast Company | 2020-06-09 10:00:07 UTC ]
More news stories like this | News stories tagged with:
#trans women
#daniel radcliffe
#harry potter
Penguin Random House has joined the other big trade publishers in pulling out of the Frankfurt Book Fair's physical event this year. Continue reading at The Bookseller
[ The Bookseller | 2020-06-08 07:32:23 UTC ]
More news stories like this | News stories tagged with:
#physical event
#penguin random house
#trade publisher
While startup accelerators are working to ensure existing companies stay afloat during the coronavirus pandemic, they're also shepherding in the next generation of businesses. The Tampa Bay Wave revealed its latest TechDiversity cohort, which is comprised of startups from across the world that... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2020-06-05 18:43:57 UTC ]
More news stories like this | News stories tagged with:
#coronavirus pandemic
#disabled person
#nielsen
Shortly after the COVID-19 pandemic hit the U.S., we began recognizing publishers who, despite having their own challenges, stepped up and helped out their communities. We’ve recognized more than 30 such publishers so far, but that only scratches the surface on the acts of kindness from around... Continue reading at Folio Magazine
[ Folio Magazine | 2020-06-05 15:54:15 UTC ]
More news stories like this | News stories tagged with:
#donating $500
#magazine division
#bonnie kintzer
#offering access
#general manager
#give back
#hearst
Sally Rooney's Normal People (Faber) has bounced back to the UK Official Top 50 number one spot for a second week across lockdown. Continue reading at The Bookseller
[ The Bookseller | 2020-06-01 21:09:57 UTC ]
More news stories like this | News stories tagged with:
#sally rooney
The Publishers Association has expressed its support as member companies of the Association of American Publishers (AAP) filed a copyright infringement lawsuit against Internet Archive (IA), a self-described American digital library offering "universal access to all knowledge". Continue reading at The Bookseller
[ The Bookseller | 2020-06-01 17:39:50 UTC ]
More news stories like this | News stories tagged with:
#internet archive
#publishers association
The estate and family of author Richard Adams has won back the rights to Watership Down, in a High Court case against American film producer Martin Rosen. Continue reading at The Bookseller
[ The Bookseller | 2020-06-01 14:49:56 UTC ]
More news stories like this |
It’s the kind of timing a publisher dreams of. Less than one week out from its U.S. release, latest Irish literary phenom Naoise Dolan’s debut novel Exciting Times (Ecco, June 2) has been optioned for TV. Yes, following a hugely successful release in the UK and Ireland back in April, when it... Continue reading at Literrary Hub
[ Literrary Hub | 2020-05-28 18:10:32 UTC ]
More news stories like this | News stories tagged with:
#exciting times
#debut novel
Puffin has revealed The Deep End, the 15th book in Jeff Kinney's bestselling Diary of a Wimpy Kid series, is to be released on 27th October. Continue reading at The Bookseller
[ The Bookseller | 2020-05-26 21:47:51 UTC ]
More news stories like this | News stories tagged with:
#27th october
#jeff kinney
#bestselling diary
#puffin
Exclusive: ACCC chair says any ‘inappropriate impediments to sale’ would ‘raise concerns’, as consortium puts in bid for newswire serviceThe chair of the competition and consumer watchdog, Rod Sims, says any attempt by News Corp and Nine to block a potential sale of Australian Associated Press... Continue reading at The Guardian
[ The Guardian | 2020-05-24 03:58:08 UTC ]
More news stories like this | News stories tagged with:
#block sale
#potential sale
#rod sims
#media executives
#news corp
Quercus is publishing Five Go Absolutely Nowhere, the latest title in its Enid Blyton for Grown-Ups series, inviting readers to join George, Dick, Anne, Julian and Timmy the Dog as they go into lockdown. Continue reading at The Bookseller
[ The Bookseller | 2020-05-18 02:11:23 UTC ]
More news stories like this | News stories tagged with:
#grown-ups series
News that Joerg Pfuhl plans to step down as CEO of Holtzbrinck prompts reflection from Rüdiger Wischenbart on Pfuhl's stance in the book industry. The post Joerg Pfuhl Departs Holtzbrinck: ‘Getting Back Liberty’ appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-05-07 16:51:01 UTC ]
More news stories like this | News stories tagged with:
#rdiger wischenbart
#book industry
#holtzbrinck
HarperCollins Children’s Books is bringing back Michael Bond’s classic The Adventures of Parsley the Lion in a new gift edition illustrated by Rob Biddulph. Continue reading at The Bookseller
[ The Bookseller | 2020-05-07 05:17:26 UTC ]
More news stories like this | News stories tagged with:
#harpercollins children
#rob biddulph
#harpercollins
“Old Lovegood Girls” is a richly layered novel based on a lifetime of reflection on friendship and storytelling. Continue reading at The Washington Post
[ The Washington Post | 2020-05-05 15:32:45 UTC ]
More news stories like this |