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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Nottingham is looking to bid for its place as European Capital of Culture 2023, it has revealed. Continue reading at The Bookseller
[ The Bookseller | 2017-08-18 00:00:00 UTC ]
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School librarians and teachers weigh in on their must-have items for the new school year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-08-18 00:00:00 UTC ]
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A lucky 13th week for The Handmaid’s Tale—it has rebounded back into the Weekly E-Book Ranking number one spot, after Helen Fields’ Perfect Prey briefly toppled it a week ago. Continue reading at The Bookseller
[ The Bookseller | 2017-08-18 00:00:00 UTC ]
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Amazon has rejected a Kiwi author's advertisement for her debut novel, stating the cover and content is too provocative. Continue reading at Stuff
[ Stuff | 2017-08-17 00:00:00 UTC ]
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After quietly rolling out a digital publication earlier this year, Grindr is making its push into digital media official today with the launch of lifestyle site Into, which it hopes will attract ad dollars from brands looking to advertise around LGBTQ content. Into launched in March as part of a... Continue reading at AdWeek
[ AdWeek | 2017-08-15 00:00:00 UTC ]
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Headline is among publishers hoping to emulate the success of Christmas bestseller the GCHQ Puzzle Book (Michael Joseph) after commissioning writer, historian and Bletchley Park expert Sinclair McKay to write Bletchley Park Brain Teasers. Continue reading at The Bookseller
[ The Bookseller | 2017-08-11 00:00:00 UTC ]
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Saqi Books' Elizabeth Briggs on how there is no such thing as a dangerous language, even if transport authorities disagree. Continue reading at The Bookseller
[ The Bookseller | 2017-08-01 00:00:00 UTC ]
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Connect Books saw a 12% year-on-year rise for the 45-week period to 15th July 2017, with strong sales in UK and Wordery offsetting weaker sales in libraries. Continue reading at The Bookseller
[ The Bookseller | 2017-07-25 00:00:00 UTC ]
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Penguin Random House has brought The Snowman brand “back in house” after more than 30 years. Continue reading at The Bookseller
[ The Bookseller | 2017-07-20 00:00:00 UTC ]
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In a one-two punch, the former 'Breitbart' editor self-published his book, 'Dangerous,' on July 4 and held a protest and rally outside the Simon & Schuster offices on July 7, where he announced a $10 million lawsuit against the publisher for "breach of contract." Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-07-07 00:00:00 UTC ]
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The BBC is forever playing around with new forms of storytelling, but its many experimental projects can be hard to keep track of. A 360-degree video might be published on YouTube and Facebook, for example, while an animated VR tale might launch firs... Continue reading at Engadget
[ Engadget | 2017-07-05 00:00:00 UTC ]
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Didion-esque, Didion-like, Didion-ish: the shorthand for anything insightful written by a white, female author is turning Joan Didion’s perspective into a prescription and stifling literature’s diversity“Writers are always selling someone out,” wrote the young Joan Didion in the preface of her... Continue reading at The Guardian
[ The Guardian | 2017-07-03 00:00:00 UTC ]
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Regulator’s reports conclude Murdochs are ‘fit and proper’ but allegations of harassment at Fox are ‘extremely serious and disturbing’Ofcom has published two in-depth reports on 21st Century Fox’s proposed takeover of Sky which demonstrate why it has concerns about the Murdochs’ influence on UK... Continue reading at The Guardian
[ The Guardian | 2017-06-30 00:00:00 UTC ]
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Al Franken's humor is back at full strength in his new book, which is a memoir of the former 'Saturday Night Live' writer's journey to the NBC institution and his more recent time in politics. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2017-06-30 00:00:00 UTC ]
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The Handmaid’s Tale has returned to the Weekly E-Book Ranking number one spot, as the previous week’s victor, John Grisham’s Camino Island, fell 15 places. Continue reading at The Bookseller
[ The Bookseller | 2017-06-30 00:00:00 UTC ]
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At the 2017 ALA Annual Conference, a strong slate of speakers expressed support for libraries and energized librarians for the political, professional, and budget battles that lie ahead. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-06-30 00:00:00 UTC ]
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A campaign to name a character in the second part of Philip Pullman’s The Book of Dust series after one of the Grenfell Tower fire’s young victims has helped raise more than £17,000 in just over 16 hours. Continue reading at The Bookseller
[ The Bookseller | 2017-06-27 00:00:00 UTC ]
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Two more publishing companies sent the latest signal about the decline of the print media business this week. On Tuesday, Wenner Media announced the sale of its 25-year-old Men's Journal to American Media Inc. That followed the sale of Wenner's Us Weekly to AMI in March. The next day,... Continue reading at AdWeek
[ AdWeek | 2017-06-24 00:00:00 UTC ]
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Facebook wants users to "lean back." No, that's not the sequel to Sheryl Sandberg's book "Lean In"; it's how people watch TV, unlike the way they scroll through the News Feed.For months, Facebook has been talking to its biggest media and publishing partners to introduce TV-worthy programming to... Continue reading at Advertising Age
[ Advertising Age | 2017-06-20 00:00:00 UTC ]
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Penguin Random House UK is launching an "Inclusion Tracker" to measure the diversity of its authors and staff in the pursuit of a new company-wide goal to "reflect UK society by 2025". Continue reading at The Bookseller
[ The Bookseller | 2017-06-13 00:00:00 UTC ]
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#prh launches