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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Dan Brown remains atop the iBooks bestseller list this week as his latest Robert Langdon novel enters its second week in stores, while E.L. James's 'Darker' hit the #5 slot following news that she's at work on a sequel. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-10-17 00:00:00 UTC ]
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During the Frankfurt Book Fair, the Catalan Publishers Association issued a statement rejecting violence and trusting 'the word' as a tool to solve conflict. The post Catalan Publishers Association Rejects Violence Over Referendum appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2017-10-13 00:00:00 UTC ]
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Authors David Walliams, David Nicholls and S J Watson are among those who have pledged money to crowdfund the publication of journalist Matt Cain’s book after it was rejected more than 30 times by traditional publishers. Continue reading at The Bookseller
[ The Bookseller | 2017-10-07 00:00:00 UTC ]
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Job losses expected as publisher Condé Nast announces UK version of title will move from monthly to twice a yearThe British edition of the fashion title Glamour is to implement a digital-first strategy under which it will print a magazine twice a year and merge its editorial and commercial... Continue reading at The Guardian
[ The Guardian | 2017-10-06 00:00:00 UTC ]
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The Madonna of Bolton by Matt Cain was turned down by mainstream publishers more than 30 times, but has won keen backing from readersA novel that was rejected more than 30 times by publishers for being “too gay” has been inundated with backing from names including David Walliams, Mark Gatiss and... Continue reading at The Guardian
[ The Guardian | 2017-10-06 00:00:00 UTC ]
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Amazon must pay €250m in back taxes after the European Commission judged the company had enjoyed tax benefits in Luxembourg which were illegal under EU state aid rules. Continue reading at The Bookseller
[ The Bookseller | 2017-10-05 00:00:00 UTC ]
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Amazon is reportedly on the cusp of being hit with a huge bill in back taxes by the European Commission, worth several hundred million euros. Continue reading at The Bookseller
[ The Bookseller | 2017-10-04 00:00:00 UTC ]
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Samuel "Si" Newhouse Jr., the publishing billionaire who oversaw some of America's best-known magazines, including Vogue, the New Yorker, GQ and Vanity Fair as head of the closely held media empire built by his father, has died. He was 89.He died Sunday at his home, the New York Times reported,... Continue reading at Advertising Age
[ Advertising Age | 2017-10-01 00:00:00 UTC ]
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'Killing England,' the first book released by Bill O'Reilly since his ouster from Fox News this spring, sold about 65,000 copies in its first week on sale, a 55% decline from week one sales of 'Killing the Rising Sun,' which was published last year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-09-28 00:00:00 UTC ]
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Despite a spate of negative headlines dominating the higher education sector over the past few months, booksellers have reported buoyant sales as the Back to University season kicks off. Continue reading at The Bookseller
[ The Bookseller | 2017-09-25 00:00:00 UTC ]
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Phyllis Good, known for her bestselling series of slow cooker cookbooks, is out with her first new cookbook in three years. And, while she's moved beyond her famous tagline, she has not abandoned her favorite kitchen appliance. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-09-20 00:00:00 UTC ]
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Barnes & Noble chairman Len Riggio gave new company CEO Demos Parneros his firm support, calling Parneros "the perfect fit" to help the company grow its top line and improve profits. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-09-19 00:00:00 UTC ]
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The Times Literary Supplement has become the official media partner of The Republic of Consciousness Prize for Small Presses. Continue reading at The Bookseller
[ The Bookseller | 2017-09-12 00:00:00 UTC ]
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Last year the New York Times CEO and ex-BBC boss published a book lamenting the decline in political discourse. With the advent of Brexit and Trump, he’s had to write a new chapter…Mark Thompson is the chief executive officer of the New York Times. He is also the former director general of the... Continue reading at The Guardian
[ The Guardian | 2017-09-03 00:00:00 UTC ]
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The starting pistol for the race to Christmas number one has sounded and Jamie Oliver is out of the blocks early, with his 5 Ingredients: Quick and Easy Food (Michael Joseph) shifting just under 37,000 units through Nielsen BookScan's Total Consumer Market in its first two days on sale. Continue reading at The Bookseller
[ The Bookseller | 2017-08-31 00:00:00 UTC ]
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Mic, a website aimed at millennials, used to employ 40 writers and editors producing articles on topics like "celebrating beauty" and "strong women." Ten were let go this month, with most in the revamped newsroom of 63 now focused on making videos for places like Facebook.Critics have called... Continue reading at Advertising Age
[ Advertising Age | 2017-08-30 00:00:00 UTC ]
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At the opening of its 11th bricks and mortar bookstore this morning, which is located across the street from the Empire State Building in New York City, Amazon said it will be continuing to open a number of new stores in 2018. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-08-29 00:00:00 UTC ]
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Cambridge University Press was asked to suppress articles in China Quarterly. It has now resisted, but it is a worrying developmentThe international furore that followed Cambridge University Press’s compliance with “an instruction from a Chinese import agency to block individual articles from... Continue reading at The Guardian
[ The Guardian | 2017-08-22 00:00:00 UTC ]
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Cambridge University Press has back-pedaled on its decision to censor hundreds of articles from one of its flagship journals in China. Continue reading at The Bookseller
[ The Bookseller | 2017-08-22 00:00:00 UTC ]
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Publisher will reinstate articles to which it blocked online access in China in the face of international protests by academicsCambridge University Press has backed down and will immediately re-post journal articles to which it blocked online access in China at the request of the Beijing... Continue reading at The Guardian
[ The Guardian | 2017-08-21 00:00:00 UTC ]
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