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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Oxford University Press has announced its first Read and Publish deal with a US institution, with Iowa State University Library. Continue reading at The Bookseller
[ The Bookseller | 2019-12-03 04:45:41 UTC ]
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The Cartoon Network’s top executive has stepped down, joining the growing roster of former Time Warner executives departing the company following its takeover by AT&T Inc. Christina Miller, a... To view the full story, click the title link. Continue reading at Crains New York
[ Crains New York | 2019-11-27 17:35:13 UTC ]
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The book trade has made its thoughts known in regards to which way it will likely be voting on 12th December in the coming general election, the fourth national vote in five years. Continue reading at The Bookseller
[ The Bookseller | 2019-11-21 20:08:52 UTC ]
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Tribune Publishing Company (NASDAQ: TPCO), one of the nation’s leading media companies, today announced that funds managed by Alden Global Continue reading at Editor & Publisher
[ Editor & Publisher | 2019-11-20 15:37:42 UTC ]
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‘Gay adults grew up reading straight romances,’ says writer Daniel Haack after US library withdraws Prince & Knight from shelvesThe author of a rhyming picture book removed from the shelves of a West Virginia library has hit back at protesters, suggesting that anyone concerned the book could... Continue reading at The Guardian
[ The Guardian | 2019-11-20 12:31:16 UTC ]
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The merger of GateHouse Media and Gannett is now final, creating the largest newspaper publisher in the nation and raising concerns about the industry’s future. Continue reading at The New York Times
[ The New York Times | 2019-11-19 23:46:16 UTC ]
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After what it called "resounding consumer demand and success" in Coastal Living's first year as a quarterly, newsstand-only magazine, Meredith Corp. announced Tuesday that it is once again selling subscriptions to the 22 year-old title, which it acquired through its merger with Time Inc. at the... Continue reading at Folio Magazine
[ Folio Magazine | 2019-11-19 18:04:17 UTC ]
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Shareholders approved a deal to combine GateHouse Media, which has received SoftBank funding, with the publisher of USA Today. Continue reading at The New York Times
[ The New York Times | 2019-11-14 20:26:07 UTC ]
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Writer and historian Peter Moore's history of "the epoch-defining European ideas that helped found the United States of America" has been snapped up by Chatto & Windus. Continue reading at The Bookseller
[ The Bookseller | 2019-11-12 06:12:19 UTC ]
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Initial results from research conducted by Harris Interactive suggests that there may be a growing market for those who both read and listen to books, partially vindicating Audible’s efforts to introduce a facility whereby listeners can also read along with text of the audio. Continue reading at The Bookseller
[ The Bookseller | 2019-11-07 15:59:53 UTC ]
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Digital media company Minute Media is in talks to buy the Players’ Tribune, a website started by former baseball star Derek Jeter, according to people familiar with the matter. While the companies... To view the full story, click the title link. Continue reading at Crains New York
[ Crains New York | 2019-11-07 10:57:10 UTC ]
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Europa Editions has shared an extract from Elena Ferrante’s new novel, The Lying Life of Adults, as enthusiastic reviews in Italy pile in ahead of publication day. Continue reading at The Bookseller
[ The Bookseller | 2019-11-06 12:13:36 UTC ]
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The Parliamentary Book Awards 2019 have been pushed back to February 2020, due to the general election. Continue reading at The Bookseller
[ The Bookseller | 2019-11-06 02:00:14 UTC ]
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Bestselling novelist Marian Keyes will appear at the Southbank Centre in London in February, as part of its spring 2020 literature season, to discuss her upcoming novel Grown Ups (Michael Joseph). Continue reading at The Bookseller
[ The Bookseller | 2019-11-04 10:18:51 UTC ]
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Macmillan's embargo on new ebooks impacts public libraries, now scrambling to make materials available to patrons. Continue reading at Book Riot
[ Book Riot | 2019-11-01 10:32:08 UTC ]
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The president of the International Publishers Association takes a cultural road trip across Latin America. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-11-01 04:00:00 UTC ]
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The Summer Scares program, connecting libraries with great horror reads, is back for another spooky season! Continue reading at Book Riot
[ Book Riot | 2019-10-31 14:15:05 UTC ]
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Welcome to Ad Age’s Wake-Up Call, our daily roundup of advertising, marketing, media and digital news. If you're reading this online or in a forwarded email, here's the link to sign up for our Wake-Up Call newsletters. You can get an audio version of this briefing on your Alexa device; sign up... Continue reading at Advertising Age
[ Advertising Age | 2019-10-28 10:22:02 UTC ]
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Doubleday has snapped up Hallie Rubenhold's new book, Bad Women, which tells the story of the 1910 murder of Belle Elmore, by her husband Dr Crippen, and the extraordinary women caught up in these events. Continue reading at The Bookseller
[ The Bookseller | 2019-10-23 20:24:32 UTC ]
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Ford Motor Co.’s Jim Hackett and Wall Street analysts started this year frustrated with one another. Sure, the automaker had been underperforming, but the chief executive appealed for time to show he was fixing things. He assured them the redesigned Explorer SUV rolling out months later would be... Continue reading at Advertising Age
[ Advertising Age | 2019-10-21 21:58:49 UTC ]
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