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

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The coffee table book of Apple Music's Best 100 Albums will set you back $450

Apple has a history of eye-popping price tags, but the company is reaching new heights with a product that isn't even a gadget. After Apple Music unveiled a list of the 100 best albums of all time earlier this year, the streaming service is releasing a companion coffee table book. You can grab... Continue reading at Engadget

[ Engadget | 2024-11-12 19:30:18 UTC ]
More news stories like this | News stories tagged with: #hardcover #start shipping #industry professionals #pharrell williams


Engadget review recap: Amazon's colorful Kindle, DJI's latest action cam and more

I think my colleague Cherlynn Low jinxed us in the last installment with her mention of a slower than usual October. The last week of the month was jam-packed with news, especially from Apple, so we're in for a busy few weeks of reviews to finish out the year. This week, we tested Amazon's... Continue reading at Engadget

[ Engadget | 2024-11-02 14:00:46 UTC ]
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Amazon reportedly bumped back its AI-powered Alexa to next year

If you’re wondering what happened to Amazon’s new and improved version of its Alexa voice assistant, you’re not alone. Bloomberg reports that the new Alexa is still stuck in its developmental phase and Amazon has cut off access to its beta phase including its new “Let’s Chat” phase. As a result,... Continue reading at Engadget

[ Engadget | 2024-11-01 21:50:42 UTC ]
More news stories like this | News stories tagged with: #kindle #kindle ereaders #pushed back


Editorial: Swagger takes a back seat to competence and hard work at City Hall

At last, competency trumped loyalty.Mayor Eric Adams this week elevated Maria Torres-Springer — a deeply experienced public servant with allies in the business, real estate and nonprofit communities — to the number-two job at City Hall. The move elicited a collective sigh of relief that some... Continue reading at Crains New York

[ Crains New York | 2024-10-11 10:03:49 UTC ]
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PNBA Builds Back to Pre-Pandemic Attendance

The Pacific Northwest Booksellers Association wrapped up its annual trade show on October 1 in Portland, Ore.. The show, executive director Brian Juenemann said, saw its best attendance since 2019. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-10-03 04:00:00 UTC ]
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On Politics: A Cuomo mayoral bid would be formidable but not invincible

Is it Andrew Cuomo’s time to shine?The former governor, who resigned in disgrace in 2021, is strongly considering a run for mayor, now that Eric Adams has been indicted. If Adams resigns, a special election will be triggered, and many think Cuomo is sure to enter it. This might be his best... Continue reading at Crains New York

[ Crains New York | 2024-10-01 16:45:16 UTC ]
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Murdoch-backed REA abandons attempt to take over Rightmove

Decision comes after UK real estate portal turned down fourth offer from Australian property companyBusiness live – latest updatesThe Rupert Murdoch-backed real estate company REA Group has abandoned its attempt to take over the website Rightmove after its fourth offer was rebuffed on Monday.The... Continue reading at The Guardian

[ The Guardian | 2024-09-30 12:05:59 UTC ]
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AI could be an existential threat to publishers – that’s why Mumsnet is fighting back | Justine Roberts

There is nothing wrong with mining content for data, but it has to be properly regulated and creators must be compensatedJustine Roberts is the CEO of MumsnetAfter nearly 25 years as a founder of Mumsnet, I considered myself pretty unshockable when it came to the workings of big tech. But my jaw... Continue reading at The Guardian

[ The Guardian | 2024-09-28 07:00:09 UTC ]
More news stories like this | News stories tagged with: #copyright law #non-disclosure agreement #licensing deal #copyright laws #recently launched #big tech


Language, Love and Visibility: Looking Back on an Immigrant Childhood

In the years since this memoir was first published, readers have asked me a number of questions: What does your family think of the book? How did you start writing a memoir in essays? Is the book available in Spanish? The question that took me by surprise, though, came in 2020 on the eve of […] Continue reading at Literrary Hub

[ Literrary Hub | 2024-09-13 08:55:35 UTC ]
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With a new memoir 20 years after breakout hit 'Leave (Get Out),' JoJo is back in control

With a memoir, a Broadway turn in 'Moulin Rouge!,' a planned tour and new music, Joanna 'JoJo' Levesque is back in control of her career. Continue reading at Los Angeles Times

[ Los Angeles Times | 2024-09-12 10:00:34 UTC ]
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Oprah Winfrey names Elizabeth Strout's 'Tell Me Everything' as her latest book club pick

Oprah Winfrey’s latest book club pick will be a story of familiar faces — in more ways than one Continue reading at ABC News

[ ABC News | 2024-09-10 14:54:17 UTC ]
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The Internet Archive lost their latest appeal. Here’s what that means for you.

As Publishers Weekly reported this week, the Internet Archive, nonprofit home to a robust digital library, has lost its latest appeal in a case brought by publishers. A panel from New York’s Second Circuit “has unanimously affirmed a March 2023 lower court decision finding the Internet Archive’s... Continue reading at Literrary Hub

[ Literrary Hub | 2024-09-06 13:00:06 UTC ]
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How #BookTok made the Kindle the internet’s latest obsession

The term “Kindle accessories” has racked up over 7.9 billion views on TikTok, as readers compete to create the coziest reading set-up. Move over Stanley cup,  the humble e-reader is the latest TikTok obsession. Self-proclaimed “Kindle girlies” are decking out their e-readers with stickers,... Continue reading at Fast Company

[ Fast Company | 2024-09-04 15:47:08 UTC ]
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Amazon's Kindle is back on sale at its Prime Day price

While you can do pretty much anything on your phone or tablet, sometimes having a dedicated device is the way to go. Opting for an ereader can help reduce eye strain compared with looking at a smartphone screen for hours on end. The battery will last longer too, and you won't have notifications... Continue reading at Engadget

[ Engadget | 2024-09-03 14:56:49 UTC ]
More news stories like this | News stories tagged with: #kindle #digital books #audiobook #follow @engadgetdeals #buying advice #coming weeks #waterproof rating #page turns #reading experience


Food Network star gets back into the scene with a restaurant open three days a month

Before starting his culinary career, acclaimed chef Marc Murphy wasn't sure if he would be able to find a job that he would actually be good at."I'm very dyslexic. I had a hard time staying in school," he said. "I ended up cooking because I knew I didn't have to read or write."Murphy's life in... Continue reading at Crains New York

[ Crains New York | 2024-09-03 10:03:04 UTC ]
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Attention Parents: The Bible Has Your Back

Christian parenting, Lifeway, Devin Maddox, Zondervan, Webster Younce, MennoMedia, Crossway, Paraclete, Lillian Miao, IVP, Elissa Schauer Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-09-03 04:00:00 UTC ]
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Back to School 2024: New Year, New Books

With summer vacation in the books and the 2024–2025 school year beginning, teachers and librarians are raring to go with new lessons, updated spaces, and plenty of books to recommend. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-08-26 04:00:00 UTC ]
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14 back-to-school gadgets you didn’t know you needed

Some back-to-school purchases are no-brainers, like a new laptop or Chromebook. But other helpful products aren’t always as obvious. They can seem purely optional—stuff to buy when you have money to burn. But don’t discount tech gadgets and accessories, especially if you’re often... Continue reading at PC World

[ PC World | 2024-08-22 10:30:00 UTC ]
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Good media news! The Onion is back in print.

Beloved comedy publication The Onion has started back up with a paper-and-ink print edition for the first time in over ten years. As announced on the comedy institution’s website and in a story in The New York Times, The Onion has decided to return to their roots as a newsprint, fish-wrappable,... Continue reading at Literrary Hub

[ Literrary Hub | 2024-08-16 17:57:49 UTC ]
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How Houston Students Are Pushing Back On Censorship, and More Library News

Catch up on the latest news relevant to libraries, including upcoming adaptations, high profile book club picks, and more. Continue reading at Book Riot

[ Book Riot | 2024-08-09 15:45:00 UTC ]
More news stories like this | News stories tagged with: #profile book #library news #pushing back