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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Spring Ahead, Fall Back (shelftalker)

The calendar of an indie bookseller requires lots of planning ahead, but can cause some seasonal confusion. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-08-28 12:00:49 UTC ]
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Geoffrey Rush loses bid to prevent News Corp from repeating allegations

Application for injunction preventing the publisher from repeating meanings in defamatory material dismissedActor Geoffrey Rush, who was awarded $2.9m in his defamation case against Nationwide News, has lost his bid to prevent the newspaper publisher from repeating the substance of its... Continue reading at The Guardian

[ The Guardian | 2019-08-28 07:48:07 UTC ]
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Essex library campaigners prepare for action as 1,600 back petition to stop volunteer service

Library campaigners in Essex are gearing up for a county wide day of action next month, as more than 1,600 people sign a petition against plans for volunteers to run some facilities. Continue reading at The Bookseller

[ The Bookseller | 2019-08-28 05:47:04 UTC ]
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Authors Guild backs AAP’s Audible lawsuit

The Authors Guild is supporting the Association of American Publishers (AAP) as the organisation sues Amazon’s audiobook company Audible over a new speech-to-text feature. Continue reading at The Bookseller

[ The Bookseller | 2019-08-27 10:51:31 UTC ]
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Lisbeth Salander is back — and angrier than ever

“The Girl Who Lived Twice” may sound like a James Bond film, but it’s much, much bleaker. Continue reading at The Washington Post

[ The Washington Post | 2019-08-23 13:00:00 UTC ]
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Four More Execs Depart SourceMedia in Latest Restructuring

The shakeup continues at SourceMedia. Chief content officer David Longobardi is out after 11 years in the role and 15 with the company as it prepares to reveal a series of new additions to its executive team, Folio: has learned. The lone holdover on a five-person C-suite that has now entirely... Continue reading at Folio Magazine

[ Folio Magazine | 2019-08-22 18:08:05 UTC ]
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Ben Rawlence latest goes to Cape

Jonathan Cape will publish a book by author Ben Rawlence about what trees can "tell us about the future of our planet”. Continue reading at The Bookseller

[ The Bookseller | 2019-08-20 08:10:32 UTC ]
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The Book People rebrands under Bayliss to put books back in the driving seat

Following an unsettled five years, The Book People’s new c.e.o. Claire Bayliss has arrived with a fresh vision for the company: a rebrand and a further restructure, delivering significant profit over the next three years. Continue reading at The Bookseller

[ The Bookseller | 2019-08-16 03:08:07 UTC ]
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Empire strikes back: News Corp turns blowtorch on former Australian reporter | The Weekly Beast

Former social affairs reporter Rick Morton attacked in print and online. Plus: Rowan Dean ignores police over Sydney stabbing attacksIt doesn’t take long for a top reporter at the Australian, with a regular presence on page one, to become the target of a front-page story in the combative... Continue reading at The Guardian

[ The Guardian | 2019-08-16 01:49:59 UTC ]
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NBA dials back late starting times to help boost East Coast ratings

The NBA is kicking the tires on a new scheduling initiative designed to give East Coast hoops fans a reprieve from having to stay up until the wee hours of the morning to keep tabs on the league’s Western Conference superstars. Beginning this season, the NBA is slashing the number of nationally... Continue reading at Advertising Age

[ Advertising Age | 2019-08-13 10:00:00 UTC ]
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Fighting Back: Spotlight on Rachael Denhollander

A powerful new memoir refuses to turn a blind eye to sexual abuse and offers survivors a way forward. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-08-12 04:00:00 UTC ]
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Looking Back at a Hospital Devastated by Hurricane Katrina

In 2013, Sherwin B. Nuland wrote for the Book Review about Sheri Fink’s “Five Days at Memorial,” which depicted the crisis at a New Orleans hospital devastated by Hurricane Katrina. Continue reading at The New York Times

[ The New York Times | 2019-08-09 09:00:05 UTC ]
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Industry Notes: Europa Buys ‘Shadowplay’ US rights; S&S UK Hires Back Clare Hey

An Atlantic crossing for Joseph O'Connor's 'Shadowplay' from Europa Editions, and a boomerang career move for publishing director Clare Hey in London. The post Industry Notes: Europa Buys ‘Shadowplay’ US rights; S&S UK Hires Back Clare Hey appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2019-08-09 01:30:08 UTC ]
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TV networks jam in more commercials despite vows to cut back

Notice more TV ads lately? You’re not imagining it. The amount of commercial time on cable TV keeps increasing as networks try to make up for shrinking audiences by stuffing more ads into every hour of television. That’s despite years of promises to cut back on ads. Last quarter, commercial... Continue reading at Advertising Age

[ Advertising Age | 2019-08-02 17:18:39 UTC ]
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Greta Thunberg hits back at Andrew Bolt for 'deeply disturbing' column

Campaigner calls out ‘hate and conspiracy campaigns’ after Australian’s attackThe teenage climate activist Greta Thunberg has hit back at the Australian News Corp columnist Andrew Bolt for writing a deeply offensive column that mocked her autism diagnosis.The Swedish schoolgirl posted a tweet... Continue reading at The Guardian

[ The Guardian | 2019-08-01 20:43:04 UTC ]
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7 Books About Past Decades That Feel Like Traveling Back in Time

The Amazon review for my debut novel was glowing, including words like “compelling” and “fun.” And then there was this: “If you love historical fiction, you’ll love The Last Book Party.” Say what? How could my novel, which is set during the 1980s—a decade of my own youth—be historical fiction?... Continue reading at Electric Literature

[ Electric Literature | 2019-08-01 11:00:53 UTC ]
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Why the ‘Orange Is the New Black’ Author Went Back to Prison

Piper Kerman, whose experiences and memoir inspired the Netflix prison dramedy, now works with inmates in correctional facilities. Continue reading at The New York Times

[ The New York Times | 2019-07-26 10:00:07 UTC ]
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Why the ‘Orange Is the New Black’ Author Went Back to Prison

Piper Kerman, whose experiences and memoir inspired the Netflix prison dramedy, now works with inmates in correctional facilities. Continue reading at The New York Times

[ The New York Times | 2019-07-26 10:00:06 UTC ]
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London Library backs Jacaranda project celebrating black British writers

The London Library has joined forces with indie publisher Jacaranda for its #Twentyin2020 project, celebrating black British writers. Continue reading at The Bookseller

[ The Bookseller | 2019-07-22 11:44:25 UTC ]
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