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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Could a bespoke book subscription service break you out of your reading rut or encourage you to explore new genres?Heywood Hill bookshop has stood on the same spot since 1936. It inhabits a Georgian townhouse at 10 Curzon Street in Mayfair, London, a blue plaque outside commemorating its most... Continue reading at The Guardian
[ The Guardian | 2020-02-13 11:00:00 UTC ]
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“Nobody Does It Better” dishes dirt from directors and stars, among others in 007’s orbit. Continue reading at The Washington Post
[ The Washington Post | 2020-02-12 13:04:35 UTC ]
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Below is the text of the 2020 Clark Lecture in English Literature instituted by Trinity College, Cambridge. * Thank you for inviting me to deliver this, the Clark Lecture, now in its 152nd year. When I received the invitation, I scrolled down the list of previous speakers, the many “Sirs” and... Continue reading at Literrary Hub
[ Literrary Hub | 2020-02-12 09:49:50 UTC ]
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Two top executives at newspaper publisher Tribune are stepping down as the company deals with its largest shareholder, a hedge fund known for cutting newsroom jobs, and navigates the ongoing shift to online media Continue reading at ABC News
[ ABC News | 2020-02-03 23:48:57 UTC ]
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Amazon released the original Kindle back in 2007. In the years since, the devices have managed to peak, go mainstream and then get largely replaced by tablets and smartphones. Amazon's first Kindle was 7.5 inches tall with a high-contrast screen, an... Continue reading at Engadget
[ Engadget | 2020-02-01 14:00:00 UTC ]
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Diane Ravitch offers disturbing and inspiring tales from the battle over public schools. Continue reading at The Washington Post
[ The Washington Post | 2020-01-31 04:41:30 UTC ]
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Since being acquired by PMC Media in 2018, Rolling Stone has undergone a series of changes to transform its business. It invested in writing talent, and hired a new publisher to lead the business-side of the brand. The print magazine reduced frequency from biweekly to monthly, and increased the... Continue reading at Folio Magazine
[ Folio Magazine | 2020-01-28 17:09:10 UTC ]
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News Corp owner was the only media baron the prime minister saw in his first three monthsBoris Johnson saw Rupert Murdoch for a “social meeting” on the day he signalled his intention to seek a general election last year, according to new transparency disclosures.Johnson saw the media billionaire... Continue reading at The Guardian
[ The Guardian | 2020-01-23 20:28:52 UTC ]
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Jeanine Cummins' book has been lauded by Stephen King and Lauren Groff, but also lambasted as "problematic," "harmful" and "brownfacing." Continue reading at HuffPost
[ HuffPost | 2020-01-21 23:31:13 UTC ]
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As Bloomberg reports, J. D. Vance, bestselling author of Hillbilly Elegy, Yale graduate, and venture capitalist has teamed up with Peter Thiel, Eric Schmidt, and Marc Andreessen of Silicon Valley to establish a venture capital firm in Ohio called Narya Capital. If “Narya” sounds familiar to you,... Continue reading at Literrary Hub
[ Literrary Hub | 2020-01-10 20:12:30 UTC ]
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The MacArthur fellow's newest work of visual nonfiction explores the conflict surrounding Oak Flat, Ariz., the Apache people, and copper mining. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-01-03 05:00:00 UTC ]
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Adam Kay's Twas the Nightshift Before Christmas (Picador) has re-claimed the Weekly E-Book Ranking number one, topping the chart for the first time since its launch week in October. Continue reading at The Bookseller
[ The Bookseller | 2019-12-19 16:49:58 UTC ]
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The government will announce cuts to business rates in the Queen’s Speech today (19th December) in a bid to revive the high street. Continue reading at The Bookseller
[ The Bookseller | 2019-12-19 04:26:38 UTC ]
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Backing 'the journey of a historic cultural icon' in Nairobi, the Sharjah World Book Capital program announces support for the McMillan Library restoration. The post Sharjah World Book Capital Program Backs Kenyan Library Restoration appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-12-17 13:10:22 UTC ]
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Sure, times are tough for the news media companies in the large Western media markets, but just think how rough Continue reading at Editor & Publisher
[ Editor & Publisher | 2019-12-16 18:30:39 UTC ]
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The persistence of this trope might say something about the barriers women in media continue to face. Continue reading at The Conversation
[ The Conversation | 2019-12-12 13:19:16 UTC ]
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The Bookseller is to create a Rising Stars-style listing of individual booksellers to coincide with the Booksellers Association Conference in September 2020. The Bookshop Heroes special, supported by the BA and sponsored by HarperCollins, will be published to coincide with the annual conference. Continue reading at The Bookseller
[ The Bookseller | 2019-12-11 22:52:50 UTC ]
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Newspaper chain GateHouse and USA Today publisher Gannett recently combined to become the largest newspaper publisher in the U Continue reading at ABC News
[ ABC News | 2019-12-08 16:55:55 UTC ]
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Newly released figures show there were 35 static and mobile library closures in the year to end March 2019 across England, Wales and Scotland, with the total falling from 3,618 to 3,583. Continue reading at The Bookseller
[ The Bookseller | 2019-12-05 04:50:10 UTC ]
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