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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As she celebrates a series of career milestones—which coincide with the 20th anniversary of her publisher, Dafina Books—the author starts a new chapter by revisiting classic characters in the long-awaited sequel to her first novel, My Brother’s Keeper. (Sponsored) Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-06-24 04:00:00 UTC ]
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Two years ago, Uber filed a multimillion-dollar lawsuit against its agency partner Fetch, accusing it of running fraudulent ads. Now it looks as if the ride-hailing giant is taking the legal battle further down the supply chain. According to court documents unsealed this week, the recently IPO'd... Continue reading at AdWeek
[ AdWeek | 2019-06-19 20:45:09 UTC ]
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Black & White has snapped up rights to rugby legend and motor neurone disease campaigner Doddie Weir's latest book. Continue reading at The Bookseller
[ The Bookseller | 2019-06-18 21:00:08 UTC ]
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Bud Light’s “Real Men of Genius” campaign--which set a new standard for funny radio ads--is being resurrected for the social media age. The brew is rebranding the campaign “Internet Heroes of Genius” and running them exclusively on digital, including on streaming audio services Spotify and... Continue reading at Advertising Age
[ Advertising Age | 2019-06-18 10:00:00 UTC ]
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US distribution giant Readerlink LLC has missed the midnight deadline for a rival bid to Waterstones owner Elliott Advisors Ltd for Barnes & Noble, but could still propose a counter-offer. Continue reading at The Bookseller
[ The Bookseller | 2019-06-14 19:27:47 UTC ]
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Houghton Mifflin Harcourt had said it would stand by Outrages after row in UK over its historical accuracy, but has now recalled copies from storesNaomi Wolf’s US publisher has postponed the release of her new book and is recalling copies from booksellers, saying that new questions have arisen... Continue reading at The Guardian
[ The Guardian | 2019-06-14 12:45:53 UTC ]
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‘Genesis,’ Dennis Prager’s newest installment to The Rational Bible series, debuts at #3 in Religion Nonfiction; the final installment to the Broken Road series by Richard Paul Evans takes #1 in Religion Fiction. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-06-12 04:00:00 UTC ]
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Indie publisher Z2 has partnered with the Grammy-nominated Christian rock band Skillet on a post-apocalyptic graphic novel, ‘Eden,’ slated for publication in August. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-06-12 04:00:00 UTC ]
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According to a report in the 'Wall Street Journal,' Readerlink is considering putting together a bid to top the $6.50 per share offer made by Elliott Advisors. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-06-11 04:00:00 UTC ]
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They should be seen as communications infrastructure, and be made to serve the public interest. Continue reading at Slate
[ Slate | 2019-06-07 01:34:58 UTC ]
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I want my kid to treasure that magical reading time as much as I did growing up. Continue reading at The Huffington Post
[ The Huffington Post | 2019-06-06 15:39:29 UTC ]
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After cease and desist letter issued for portraying Alexandria Ocasio-Cortez like DC’s Wonder Woman, indie Devil’s Due pastiches another characterAfter getting into hot water with DC Comics for an issue in which congresswoman Alexandria Ocasio-Cortez looked a little too much like DC’s Wonder... Continue reading at The Guardian
[ The Guardian | 2019-06-06 13:44:12 UTC ]
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Computex is still days away but the parade of notebooks has already begun. Late Wednesday, Acer introduced two AMD-powered laptops to its lineup with new versions of the Nitro 5 gaming notebook and Swift 3 ultrabook.The 15.6-inch Acer Nitro 5 pairs AMD’s 2nd-gen Ryzen 7 3750H processor with... Continue reading at PC World
[ PC World | 2019-05-23 13:44:00 UTC ]
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Chris Roush Talking Biz News Founder Ready to Pass the Torch Talking Biz News founder Chris Roush announced on Wednesday that he's ready to move on from the site, which tracks job changes and other day-to-day news in the field of business journalism. "After 14 years of running Talking Biz... Continue reading at Folio Magazine
[ Folio Magazine | 2019-05-16 16:55:48 UTC ]
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Chris Pavone’s new novel is as much the story of a modern woman as it is a globe-hopping thriller. Continue reading at The Washington Post
[ The Washington Post | 2019-05-16 15:00:00 UTC ]
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Touted just under 12 months ago, the joint digital display-ad sales platform operated by four major news publishers is now up and running. So, what's the early prognosis? Continue reading at Media Week
[ Media Week | 2019-05-14 13:17:02 UTC ]
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The press will relaunch the bestselling series, created by Tom Clancy and Steve Pieczenik, this fall. The deal is for four print novels and four e-novellas. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-05-02 00:00:00 UTC ]
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One month after a group of music publishers sued it for copyright infringement, Peloton is firing back with a countersuit claiming anticompetitive conduct. On Tuesday, the New York-based fitness startup filed an answer to a complaint by members of the National Music Publishers’ Association and... Continue reading at Advertising Age
[ Advertising Age | 2019-05-01 00:00:00 UTC ]
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Vintage has acquired rights to writer and AIDs historian Sarah Schulman’s People in Trouble, almost 30 years after it was first published, featuring a fictionalised version of Donald Trump. Continue reading at The Bookseller
[ The Bookseller | 2019-04-30 00:00:00 UTC ]
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