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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Facebook, looking to grow its ad business outside its own apps, has struck partnerships that enable it to plug into ad auctions run by ad exchanges like MoPubowned by TwitterFyber and Max. Facebook can now also work directly with publishers like Rovio, Talefun and GameInsight, which manage their... Continue reading at Advertising Age
[ Advertising Age | 2018-06-06 00:00:00 UTC ]
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Self-published author Faleena Hopkins asserted her right to the word, but judge calls attempt to stop other authors using it ‘weak’ Romance writers around the world can breathe a sigh of relief after a US court ruled that they can continue to use the adjective “cocky” in their book titles, after... Continue reading at The Guardian
[ The Guardian | 2018-06-04 00:00:00 UTC ]
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Media attacks on Maryam Pougetoux show how Muslim women are prevented from engaging in French public life“She wears a particular veil that covers all her hair, the neck: a hijab”. Last Tuesday on French TV two men – a pundit, Thomas Legrand, and celebrity host, Yann Barthès – described in detail... Continue reading at The Guardian
[ The Guardian | 2018-05-28 00:00:00 UTC ]
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Bare Lit, the literary festival showcasing writers of colour, is partnering with Hachette UK for its 2018 edition. Continue reading at The Bookseller
[ The Bookseller | 2018-05-18 00:00:00 UTC ]
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David Baldacci returns, with hero Amos Decker at the fore, to the top of Apple's iBooks store with 'The Fallen,' which took the top slot this past week. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-05-08 00:00:00 UTC ]
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As publishers flee Facebook, will Snapchat help cushion the fall? You probably thought platform-specific publishing was so 2017, but maybe not! NowThis announced today a breaking news channel to be consumed on Snapchat Discover. It will be called NowBreaking, and will launch in June.Read Full Story Continue reading at Fast Company
[ Fast Company | 2018-05-03 00:00:00 UTC ]
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Gail Honeyman's Eleanor Oliphant is Completely Fine (Harper) has returned to the UK Official Top 50 number one spot with 22,040 copies sold through Nielsen BookScan's Total Consumer Market, ousting Lee Child's The Midnight Line (Bantam). Continue reading at The Bookseller
[ The Bookseller | 2018-05-02 00:00:00 UTC ]
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The government on Monday made its final plea to a federal judge to block AT&T Inc.’s $85.4-billion purchase of Time Warner Inc. or order it significantly scaled back, arguing that the combined company would be so powerful it would hinder competition and raise pay TV prices for consumers.... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-04-30 00:00:00 UTC ]
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Publishing giant Axel Springer has lost a long-running case seeking to limit the use of Adblock Plus. Continue reading at BBC World
[ BBC World | 2018-04-20 00:00:00 UTC ]
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A debut author has hit back after her novel was criticised in an Observer review, which has become the focus of a debate on social media. Continue reading at The Bookseller
[ The Bookseller | 2018-04-18 00:00:00 UTC ]
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Alex Malarkey is alleging that his father acted alone in writing the false account of his near-death experience in 2010’s bestseller, 'The Boy Who Came Back From Heaven.’ He has filed a defamation lawsuit against Tyndale House Publishers. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-04-17 00:00:00 UTC ]
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Bookstore sales ended a six-month losing streak in February, as sales rose 2.3% over February 2017. Sales for the first two months of 2018, though, were still down 8.6% from the comparable period in 2017. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-04-16 00:00:00 UTC ]
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Facebook Inc. Chief Executive Officer Mark Zuckerberg hit back against Tim Cook, calling the Apple Inc. CEO's criticism of the social-media giant "extremely glib."Cook was asked about Facebook's privacy crisis last month and called for stronger regulation of user data. A day after, Cook said he... Continue reading at Advertising Age
[ Advertising Age | 2018-04-03 00:00:00 UTC ]
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At a special ceremony during the Bologna Book Fair, Macmillan and 21st Century Publishing Group celebrated a new rights deal for Chinese author Cao Wenxuan's book, 'Summer'. The post Macmillan Buys US Rights to Cao Wenxuan’s Latest Book from 21st Century Publishing Group appeared first on... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-03-27 00:00:00 UTC ]
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Ian Rankin, Christopher Brookmyre and Karen Campbell are among the 150 Scottish authors, journalists and activists calling on the Scottish Government to bring forward a bill to reform defamation law in Scotland. Continue reading at The Bookseller
[ The Bookseller | 2018-03-21 00:00:00 UTC ]
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Authors have hit back at writer Will Self's assertion that the novel is “doomed to become a marginal cultural form”. Continue reading at The Bookseller
[ The Bookseller | 2018-03-20 00:00:00 UTC ]
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Stung by Facebook’s pushes for Instant Articles, live video and Watch, news publishers are unwilling to bend over backward for the company's latest pitch. The post ‘Everyone was a bit suspicious’: Scarred news publishers are wary of Facebook’s latest Watch gambit appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2018-03-15 00:00:00 UTC ]
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The London Book Fair (LBF) is taking place in March both in 2019 and in 2020 after the organiser's research confirmed it was the most popular month to hold the event. Continue reading at The Bookseller
[ The Bookseller | 2018-03-10 00:00:00 UTC ]
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PEN International is launching a "Women's Manifesto" on International Women's Day: a set of principles aiming to protect women's free expression. Continue reading at The Bookseller
[ The Bookseller | 2018-03-08 00:00:00 UTC ]
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