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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Trapeze has bagged an “outstanding” look at the “Cool Britannia” era, including interviews with 1990s icons Noel Gallagher, Damon Albarn and Tracey Emin, among others. Continue reading at The Bookseller
[ The Bookseller | 2019-03-16 00:00:00 UTC ]
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Trump’s intellectuals want to graft coherence and ideology onto an incoherent leader. Continue reading at The Washington Post
[ The Washington Post | 2019-03-15 10:00:19 UTC ]
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Rachel Hollis follows up her publishing sensation 'Girl, Wash Your Face,' which is still on the Apple Books store bestseller list, with 'Girl, Stop Apologizing,' which has hit #1. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-03-13 00:00:00 UTC ]
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Up to 89% of history textbook references are devoted to men, so “Lessons in Herstory” aims to restore women’s standing in the American story. Open up most elementary and high school history books and you’ll find stories of corruption, triumph, innovation, conflict, and resolution, that all have... Continue reading at Fast Company
[ Fast Company | 2019-03-12 00:00:00 UTC ]
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ALA officials said the president's budget proposal was discouraging, but the bipartisan support in Congress over the past two years gives library supporters "reason to hope.” Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-03-11 00:00:00 UTC ]
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People keep saying that it would never get past the censorious new generation, rather forgetting its arduous struggle to be printed in the 1950sIf millennials are currently aged between the ages of 22 and 36, I am one, albeit somewhere in the upper echelons – and I am also a publisher. And so I... Continue reading at The Guardian
[ The Guardian | 2019-03-08 00:00:00 UTC ]
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Michael Bloomberg is the highest-ranking New York resident on Fo…; 2019 list of world billionaires. The magazine released its list yesterday, ranking over 2,000 billionaires worldwide. Forbes... To view the full story, click the title link. Continue reading at Crains New York
[ Crains New York | 2019-03-07 00:00:00 UTC ]
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The cover story is "Help! I'm in Love With Momo." Hardin, incidentally, wrote about the so-called Momo Challenge on March 1:It remains unclear how many Momo videos actually exist, whether they have actually caused kids to harm themselves, and just how widespread a phenomenon it is. It's also... Continue reading at Advertising Age
[ Advertising Age | 2019-03-06 00:00:00 UTC ]
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'Where the Crawdads Sing' by Delia Owens returns to #1 on the Apple Books store after slipping to #3 last week. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-03-06 00:00:00 UTC ]
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Youngest of the Kardashian-Jenner reality TV family tops Mark Zuckerberg by two yearsKylie Jenner, the youngest member of the Kardashian-Jenner American reality TV family, has become the world’s youngest billionaire at the age of just 21.Jenner, who grew up under the watch of TV cameras filming... Continue reading at The Guardian
[ The Guardian | 2019-03-05 00:00:00 UTC ]
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YouTube CEO Susan Wojcicki at the YouTube Brandcast 2018 presentation at Radio City Music Hall on May 3, 2018 in New York City. Credit: Taylor Hill/FilmMagicMark your calendars: TV networks and digital publishers are gearing up to make their annual pitches to media buyers and marketers in their... Continue reading at Advertising Age
[ Advertising Age | 2019-02-20 00:00:00 UTC ]
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David D. Kirkpatrick was Cairo bureau chief for The New York Times between 2011 and 2015, and is the author of a recent book on the country. Continue reading at The New York Times
[ The New York Times | 2019-02-19 00:00:00 UTC ]
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On February 7, Audible raised the curtain on the second group of theater playwrights selected to receive support from its $5 million Emerging Playwrights Fund to create original works. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-02-11 00:00:00 UTC ]
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Author Cressida Cowell is backing Book Aid International calls for schools to share a story and change a life on World Book Day. Continue reading at The Bookseller
[ The Bookseller | 2019-02-08 00:00:00 UTC ]
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Allen Lane will publish Malcolm Gladwell’s first book for six years, Talking to Strangers: What We Should Know About the People We Don’t Know in September. Continue reading at The Bookseller
[ The Bookseller | 2019-02-07 00:00:00 UTC ]
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The owner of Canadian music business Sunrise Records, Doug Putman, is in rescue bid talks for HMV. Continue reading at The Bookseller
[ The Bookseller | 2019-02-05 00:00:00 UTC ]
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With a literary appetite that punches above its weight in population terms, Scottish book buyers backed their own in 2018. Continue reading at The Bookseller
[ The Bookseller | 2019-02-02 00:00:00 UTC ]
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Edinburgh-based indie Luath Press' Gavin MacDougall talks about publishing prize-winner Poverty Safari by Darren McGarvey, as well as an upcoming title from the artist whose project inspired the book. Continue reading at The Bookseller
[ The Bookseller | 2019-02-02 00:00:00 UTC ]
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Cuts follow recently announced redundancies at HuffPost and BuzzFeedVice has announced plans to sack 250 staff, as a wave of job cuts affecting the digital media industry continues to hit companies around the world amid questions over the sustainability of ad-supported online publishing.Almost... Continue reading at The Guardian
[ The Guardian | 2019-02-01 00:00:00 UTC ]
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Amanda Ridout is to return to publishing with the launch of Boldwood Books focused on commercial fiction published globally and "energetically". Continue reading at The Bookseller
[ The Bookseller | 2019-01-30 00:00:00 UTC ]
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