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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Jane Friedman, c.e.o. of Open Road Integrated Media, on ebooks, backlist and drinking "the Kool-Aid very early on digital". Continue reading at The Bookseller
[ The Bookseller | 2015-10-27 00:00:00 UTC ]
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The French cartoonist Riad Sattouf spent the earliest years of his life in three dictatorships. One dictator was Col. Moammar Kadafi, the "supreme leader" of Libya, where Sattouf and his parents moved when he was 2. Another was President Hafez Assad of Syria, where they relocated when he was 4.... Continue reading at Los Angeles Times
[ Los Angeles Times | 2015-10-24 00:00:00 UTC ]
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Publisher Booth-Clibborn is publishing Charles Saatchi’s latest book in December. Continue reading at The Bookseller
[ The Bookseller | 2015-10-23 00:00:00 UTC ]
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Google can continue to scan millions of books without violating copyright laws, a US court had ruled. Continue reading at BBC World
[ BBC World | 2015-10-17 00:00:00 UTC ]
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Blue Velvet and Twin Peaks director to join forces with journalist Kristine McKenna for an autobiographical study of his life and workThe director David Lynch has teamed up with the journalist Kristine McKenna to hit back at the “bullshit” surrounding his life and work in a book due to be... Continue reading at The Guardian
[ The Guardian | 2015-10-17 00:00:00 UTC ]
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Man Booker winner Marlon James says he was turned down 78 times before getting published, and his long search for recognition is not unique. Find out how much you know about the history of literary rebuffs with our quiz on the great rejected books1. Whose novel was rejected as “Overwhelmingly... Continue reading at The Guardian
[ The Guardian | 2015-10-15 00:00:00 UTC ]
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Meet Sarah Jane Gunter today, Wednesday, 3 p.m. Frankfurt Book Fair In a move that answers a constant question both from independent authors and from publishers, AmazonCrossing has announced that it now is accepting submissions. Continue reading at The Bookseller
[ The Bookseller | 2015-10-14 00:00:00 UTC ]
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Independent publisher Elsewhen Press is releasing a novel/graphic novel hybrid, An Android Awakes. Continue reading at The Bookseller
[ The Bookseller | 2015-10-12 00:00:00 UTC ]
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Competition for the Christmas number one spot is wide open this year, a consequence of “the strongest autumn [in publication terms] in years”. Yesterday marked Super Thursday (8th October), the day on which the greatest number of hardback titles—including many likely bestsellers—are released in... Continue reading at The Bookseller
[ The Bookseller | 2015-10-09 00:00:00 UTC ]
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Publisher pulls off its first major deal since it was spun off from its TV divisionThere are signs of a new round of consolidation in the US newspaper market with Gannett’s acquisition of the Journal Media Group for $280m (£183m).It adds the Milwaukee Journal Sentinel plus 16 other daily papers... Continue reading at The Guardian
[ The Guardian | 2015-10-08 00:00:00 UTC ]
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Alarmed by the rise of ad blocking software use, publishers are starting to recognize their contribution to the problem. At Digiday's Europe Publishing Summit in Barcelona this week, leading European publishers talked about the need to restore the reader experience. As News U.K.'s Alessandro de... Continue reading at Digiday
[ Digiday | 2015-10-08 00:00:00 UTC ]
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Proposal outlines a plan to create a ‘pure-play’ broadcast company, without ‘significant exposure to publishing.’ The post Nexstar Attempts to Disrupt Meredith Deal with Bid for Media General appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2015-09-28 00:00:00 UTC ]
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Cutting jobs and resources is US publishing giant Gannett’s only tactic with its UK titles. Contrast that with Buzzfeed …Richard Walker, the Sunday Herald editor in Glasgow, and his Newsquest colleague Tony Carlin, editor of the Evening Times there, have both opted to take voluntary redundancy.... Continue reading at The Guardian
[ The Guardian | 2015-09-27 00:00:00 UTC ]
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Apple drives changes in behaviour like nobody else. What might the key announcements from the event mean for the ad industry?Like many Apple events before it, September’s event didn’t introduce any new technologies or products, but that’s not to say what was announced isn’t worth... Continue reading at The Guardian
[ The Guardian | 2015-09-22 00:00:00 UTC ]
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Chief executive of Rupert Murdoch’s UK publishing business acknowledges Sun colleagues are still facing trial over alleged corrupt payments for storiesRebekah Brooks has described how good she feels to be back running Rupert Murdoch’s British publishing operation on her first day after being... Continue reading at The Guardian
[ The Guardian | 2015-09-07 00:00:00 UTC ]
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Ex-News of the World chief executive says it ‘feels good to be home’ following appointment as head of Rupert Murdoch’s UK publishing arm Good morning,It is a privilege to be back and many thanks for the warm welcome. Related: Rebekah Brooks' return confirmed as Tony Gallagher is named Sun editor... Continue reading at The Guardian
[ The Guardian | 2015-09-07 00:00:00 UTC ]
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In the 'Potter' books, Hogwarts students always head back to school on Sept. 1. Many fans are celebrating today and 'Potter' fanatics have a new book (by Rowling although not set in the 'Potter' universe), a new theme park, and – a bit farther out – a new movie to look forward to. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2015-09-02 00:00:00 UTC ]
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First of all, Anthony Horowitz may be a bestselling author in England, but he's not Ian Fleming. Continue reading at Los Angeles Times
[ Los Angeles Times | 2015-09-02 00:00:00 UTC ]
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Faber saw a drop in turnover for the year ending March 2015, with a significant increase in its operating loss from the 12 months previous. The publisher’s turnover was £15.9m, down 1.8% from £16.2m the year before. Faber made an operating loss of £813,000, up from £5,000 in the 12 months to... Continue reading at The Bookseller
[ The Bookseller | 2015-08-28 00:00:00 UTC ]
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