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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The 37 staff who were made redundant by Lion Hudson PLC in January have been awarded a payout after the company failed to properly consult with them before they were dismissed. Continue reading at The Bookseller
[ The Bookseller | 2017-12-20 00:00:00 UTC ]
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After handling Shanghai International Children's Book Fair's management for five years, Reed Exhibitions Greater China says 'the time has come to move on.' The post China: Reed Exhibitions Exits Shanghai’s Book Fair, and Our Latest Bestsellers List appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2017-12-20 00:00:00 UTC ]
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Facebook Thursday announced a change to its News Feed ranking that will benefit pages that post videos with strong repeat viewership, as well as some new ways for larger publishers to monetize their videos. In a blog post, product management director Maria Angelidou-Smith and product manager... Continue reading at AdWeek
[ AdWeek | 2017-12-15 00:00:00 UTC ]
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French author Claude Simon may have won the 1985 Nobel prize for literature, but according to a recent experiment he would not be published today. Continue reading at Stuff
[ Stuff | 2017-12-14 00:00:00 UTC ]
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David Walliams’ Bad Dad (HarperCollins) has soared back into the UK Official Top 50 number one spot, displacing E L James’ Darker (Arrow) after a single week’s reign. Continue reading at The Bookseller
[ The Bookseller | 2017-12-13 00:00:00 UTC ]
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Fresh figures have shown the scale of library closures in Great Britain continues unabated, with 105 closed in the UK last year. Continue reading at The Bookseller
[ The Bookseller | 2017-12-11 00:00:00 UTC ]
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The Beano, the UK’s longest-running comic, is revitalised by digital spin-offs promoting the joys of youthful rebellionDennis the Menace, synonymous with childhood mischief and rebellion for more than half a century, is undergoing a multimillion-pound makeover as the Beano battles to stay... Continue reading at The Guardian
[ The Guardian | 2017-12-03 00:00:00 UTC ]
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Time Inc., the steward of some of the country's most circulated and storied magazine brands, will be sold to the lifestyle-magazine publisher Meredith Corp., the companies announced Sunday. Meredith will pay $18.50 per share in the all-cash deal for a company that counts such titles as Time,... Continue reading at Baltimore Sun
[ Baltimore Sun | 2017-11-27 00:00:00 UTC ]
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Meredith Corp. has agreed to acquire Time Inc. for $2.8 billion including debt, swallowing the once-mighty home of Fortune and Sports Illustrated after the internet age wreaked havoc on even the most prestigious magazine titles.The $18.50-a-share offer is an all-cash one, Meredith said in a... Continue reading at Advertising Age
[ Advertising Age | 2017-11-27 00:00:00 UTC ]
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Texans will not get a say in editorial decisions, says Meredith, as it hails ‘transformative’ deal to merge magazine stablesMeredith Corporation has announced that it is buying the Time Inc publishing group in a “transformative” $1.8bn deal that joins two huge magazine companies. Meredith, which... Continue reading at The Guardian
[ The Guardian | 2017-11-27 00:00:00 UTC ]
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Bestselling crime author Minette Walters’ return - and defection to historical fiction - gave her comms team a new set of challenges. Miriam Robinson reports. Continue reading at The Bookseller
[ The Bookseller | 2017-11-21 00:00:00 UTC ]
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Publishers and retailers including Amazon, W H Smith, Walker Books and Penguin Random House have signed a pledge to "tackle the nation’s growing literacy and social mobility crisis". Continue reading at The Bookseller
[ The Bookseller | 2017-11-16 00:00:00 UTC ]
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It seems every few months a headline emerges about Time Inc. and whether or not acquisition talks have begun or stalled. Today the New York Times reports that the ailing media company is once again in talks with the magazine publisher Meredith about a potential purchase. What’s more, the... Continue reading at Fast Company
[ Fast Company | 2017-11-16 00:00:00 UTC ]
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The Bone Season author Samantha Shannon has expressed her frustration with the attitude of those who pirate her work, with some fans openly committing piracy and saying authors "should be grateful [they] even have readers". Continue reading at The Bookseller
[ The Bookseller | 2017-11-07 00:00:00 UTC ]
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Avon has bought three more books from crime author Jacqui Rose, following her brief stint with fellow HarperCollins imprint HQ. Continue reading at The Bookseller
[ The Bookseller | 2017-11-02 00:00:00 UTC ]
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The Book Marketing Society has crowned its winners for the best marketing campaigns for the summer period, between April and August 2017. Continue reading at The Bookseller
[ The Bookseller | 2017-11-02 00:00:00 UTC ]
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Ex-first minister aims to make title more ‘pro-Scotland’ as part of bid for Johnston Press, which also owns Yorkshire PostFormer Scottish first minister Alex Salmond has joined an activist investor seeking to oust the board and chief executive of Johnston Press, owner of titles including the... Continue reading at The Guardian
[ The Guardian | 2017-11-02 00:00:00 UTC ]
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Indie publisher Accent Press scales back and returns focus to digital after "overexpansion". Continue reading at The Bookseller
[ The Bookseller | 2017-11-01 00:00:00 UTC ]
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Publishers on Facebook who have complained for years about declining organic reach may look back in the near future and think of these times as the good old days. The social network confirmed that it is testing a division of its News Feed into two separate feeds--one containing posts from... Continue reading at AdWeek
[ AdWeek | 2017-10-24 00:00:00 UTC ]
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Our pop culture columnist on a life reading glossies I think the first magazine I bought with my “own” money was an official Sindy doll magazine. Clearly my budding hipsterism is what attracted me to small-batch, locally grown produce over an overpriced foreign competitor, but that’s a column... Continue reading at The Guardian
[ The Guardian | 2017-10-21 00:00:00 UTC ]
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