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 ]
News tagged with: #york trading #vice chairman #second-largest shareholder

Other Publishing stories related to: 'Backed by Billionaire, Tribune Rejects Gannett's Latest Bid'

Idris Elba-backed literary podcast Generation veX to explore race

A new podcast exploring race and identity in literature with guests including Bernardine Evaristo, Sara Collins and Derek Owusu has been launched, sponsored by Idris Elba’s production company. Continue reading at The Bookseller

[ The Bookseller | 2019-10-21 13:07:13 UTC ]
More news stories like this | News stories tagged with: #sara collins #derek owusu #idris elba #production company

MPs back PA campaign calling for end to VAT on e-books and audiobooks

Nearly 40 MPs have signed a letter calling for the Chancellor to remove VAT on e-books and audiobooks. Continue reading at The Bookseller

[ The Bookseller | 2019-10-21 10:27:19 UTC ]
More news stories like this | News stories tagged with: #remove vat #letter calling

This man is disrupting the cult of the billionaire

Author Anand Giridharadas is rebuking the idea that philanthropic billionaires are society’s heroes. Even some plutocrats are starting to agree with him. A black suburban dispatched by MSNBC’s Morning Joe is idling outside best-selling author Anand Giridharadas’s Brooklyn apartment when I arrive... Continue reading at Fast Company

[ Fast Company | 2019-10-21 07:00:57 UTC ]
More news stories like this | News stories tagged with: #morning joe #philanthropic billionaires #brooklyn apartment #pin-striped blazer #bucket seat #empty streets #rockefeller center #best-selling author

This man is disrupting the cult of the billionaire

Australian newspapers black out front pages to fight back against secrecy laws

United campaign by media companies highlights government moves to penalise whistleblowing and criminalise journalism • Lenore Taylor: Concrete action rather than nice words are needed on press freedomThe front page of every newspaper in Australia was blacked out on Monday as part of a campaign... Continue reading at The Guardian

[ The Guardian | 2019-10-20 22:51:36 UTC ]
More news stories like this | News stories tagged with: #front pages #fight back #secrecy laws #high court #news corp

The Life of Cameron Douglas, From Privilege to Prison and Back

In his memoir “Long Way Home,” Michael Douglas’s oldest son examines the “demented death wish” that drove him to drugs and crime, shining a light on his famous family along the way. Continue reading at The New York Times

[ The New York Times | 2019-10-19 09:00:12 UTC ]
More news stories like this | News stories tagged with: #memoir

City Winery’s Michael Dorf looks back at his ups and downs in the music business

In “Indulge Your Senses,” the Knitting Factory mastermind talks about cracking the code on catering to serious music fans. Continue reading at The Washington Post

[ The Washington Post | 2019-10-18 15:49:40 UTC ]
More news stories like this | News stories tagged with: #music business #music fans

Is USA Today’s Print Edition Headed for the Sunset as GateHouse and Gannett Merge? Signs Point to Yes.

After a nearly 40-year run, USA Today and its digital sites are about to undergo a major restructuring that will Continue reading at Editor & Publisher

[ Editor & Publisher | 2019-10-17 17:15:40 UTC ]
More news stories like this | News stories tagged with: #usa today #signs point #digital sites #major restructuring

Penguin Press signs latest from George Monbiot

Penguin Press has snapped up the latest book from George Monbiot in a "major deal". Continue reading at The Bookseller

[ The Bookseller | 2019-10-16 17:00:27 UTC ]
More news stories like this | News stories tagged with: #george monbiot #penguin press #major deal

Cat Marnell Is Back From the Brink

In her new audiobook “Self-Tanner for the Soul,” the quasi-reformed party girl tells listeners that you can, in fact, run away from your problems. Continue reading at The New York Times

[ The New York Times | 2019-10-16 16:00:15 UTC ]
More news stories like this | News stories tagged with: #audiobook

All the latest production moves, hires and partnerships: October 16, 2019

Park Pictures has signed director Jaci Judelson for U.S. commercial and worldwide representation. Judelson's Gatorade “Sisters in Sweat” spot starring Serena Williams won a Cannes Lion, two Clios and a One Show award in 2018. She has also directed spots and branded films for the likes of... Continue reading at Advertising Age

[ Advertising Age | 2019-10-16 14:14:29 UTC ]
More news stories like this | News stories tagged with: #santa monica #executive producer #record producer #macmillan

HMP Launches European Division With Latest Event Acquisition

HMP—a B2B events, education and media provider to the healthcare industry—closed a pair of acquisitions this week, swelling its portfolio to more than 300 annual live events and establishing a dedicated European division for the first time. On Thursday, HMP acquired Provascular, GmbH, the... Continue reading at Folio Magazine

[ Folio Magazine | 2019-10-11 15:19:45 UTC ]
More news stories like this | News stories tagged with: #b2b media #separate transactions #bottom line

The cranky, bossy, sad, brave, beloved Olive Kitteridge is back in ‘Olive, Again’ — and better than ever

Elizabeth Strout creates a world almost unbearably addictive for its beautiful, agonized truths. Continue reading at The Washington Post

[ The Washington Post | 2019-10-08 13:00:00 UTC ]
More news stories like this |

Agency Brief: get into the weeds of the latest wins, hires and acquisitions

Judging by the dozens of cannabis pitches I receive weekly, weed—which is increasingly gaining recreational legal status across the U.S., despite the hundreds of thousands of people who continue to be arrested for it every year—is ripe for advertising opportunities. Here’s one standout cannabis... Continue reading at Advertising Age

[ Advertising Age | 2019-10-04 20:07:05 UTC ]
More news stories like this | News stories tagged with: #client services #digital content #publishers including #privately owned

TikTok is banning political ads, Taboola buys Outbrain, plus the latest from the ANAs : Friday Wake-Up Call

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 daily newsletter. You can also get an audio version of this briefing on your Alexa device. TikTok wants... Continue reading at Advertising Age

[ Advertising Age | 2019-10-04 10:00:00 UTC ]
More news stories like this | News stories tagged with: #retail sales #lindsay rittenhouse #pumpkin spice #i-hsien sherwood #alfred maskeroni #digital publisher

Premiere Week ratings tank as younger viewers turn their backs on a new TV season

If the sky isn’t exactly falling on the broadcast TV advertising model, it certainly seems to be a lot closer to the ground than it once was. The ongoing flight of younger viewers from linear television has made a hash of what’s traditionally been a week for sampling new shows and revisiting old... Continue reading at Advertising Age

[ Advertising Age | 2019-10-02 20:09:24 UTC ]
More news stories like this | News stories tagged with: #modern family #ad dollars #marketers continue #higher rates #nielsen

How Magazines Can Avoid Disaster by Coming Back to Earth

[caption id="attachment_171791" align="alignright" width="300"] The Apollo 13 crew onboard the USS Iwo Jima after splashdown in the South Pacific Ocean.[/caption] You will be familiar, I suppose, with Apollo 13—if not the phenomenal movie, perhaps the unfortunate outer-space incident that... Continue reading at Folio Magazine

[ Folio Magazine | 2019-10-01 15:35:11 UTC ]
More news stories like this | News stories tagged with: #media company #higher education #current state #spend time

In 'Know My Name,' Chanel Miller Takes Back The Humanity She Was Denied

Miller, known for years only as Emily Doe in the Stanford sexual assault case, has written a memoir that lays bare the complicated truths about survivorhood. Continue reading at The Huffington Post

[ The Huffington Post | 2019-09-30 17:39:54 UTC ]
More news stories like this | News stories tagged with: #emily doe #memoir

Animals Are Messengers In Richard Louv's Latest

Louv’s new book, 'Our Wild Callings,' is about our relationship to the wildlife around us. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-09-27 04:00:00 UTC ]
More news stories like this |

Authors Guild and AAR back publishers in Audible Captions lawsuit

The Authors Guild and the Association of Authors' Representatives have filed a joint brief supporting publishers' calls for a preliminary injuction to stop their works being included in Audible's Captions programme. Continue reading at The Bookseller

[ The Bookseller | 2019-09-24 19:58:52 UTC ]
More news stories like this | News stories tagged with: #supporting publishers #captions programme #authors guild