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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You can't open this book—literally—until you make it clear you don't have any preconceived notions.I'll admit it: I definitely judge books by their covers. But this book might train those of us who are prone to snap judgments to become slightly better people. If you look at the book with... Continue reading at Fast Company
[ Fast Company | 2015-02-06 00:00:00 UTC ]
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The prince shown printing presses and an edition of the Guardian from 1987 during visit to St Bride FoundationWith Catherine Mayer’s biography about him being serialised in the Times, probably the last thing Prince Charles wants to do is learn about publishing, particularly newspapers. But he... Continue reading at The Guardian
[ The Guardian | 2015-02-05 00:00:00 UTC ]
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As it has become harder to censor individual journalists and independent teams, the intimidation, violence and imprisonment has increasedIn a rather dark hotel meeting room, halfway up a Swiss mountain, editors and publishers are having a heated debate about the freedom of the press. This is the... Continue reading at The Guardian
[ The Guardian | 2015-02-02 00:00:00 UTC ]
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The Anderson family, which controls 58% of the stock of Books-A-Million, is offering $2.75 a share to acquire all the shares of the bookstore chain that it does not already own. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-01-30 00:00:00 UTC ]
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After signing a definitive purchase agreement with Quad/Graphics January 16, Courier Corp. confirmed Tuesday it has received an unsolicited takeover proposal from R.R. Donnelley. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-01-27 00:00:00 UTC ]
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In a brief brief order this week, Judge Denise Cote ruled that plaintiffs in a second ebook price-fixing case cannot depose HarperCollins CEO Brian Murray. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-01-27 00:00:00 UTC ]
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This week on the Digiday Podcast we give the digital media world a reality check. The post Digiday Podcast Ep 2. Make or break time for VC-backed publishers appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2015-01-23 00:00:00 UTC ]
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“Uncertainty is the new normal.” The post What the Latest USPS Rate Hike Means for Magazines appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2015-01-23 00:00:00 UTC ]
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Social network will ensure fewer people see posts reported as false by users, but it’s sticking to its policy of being a platform, not a publisherNo, Bill Gates isn’t giving away $5,000 if you share his Facebook photo. No, the Talking Angela app isn’t a front for online paedophiles. And no, an... Continue reading at The Guardian
[ The Guardian | 2015-01-21 00:00:00 UTC ]
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Charlie Hebdo is printing 7 million copies of its "survivor's issue," published one week after terrorists attacked the magazine's Paris office Jan. 7, killing 12 people. To print the additional copies, Charlie Hebdo, which usually puts out 60,000 copies per issue, received financial help from... Continue reading at Advertising Age
[ Advertising Age | 2015-01-21 00:00:00 UTC ]
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After Alex Malarkey recanted his story about visiting heaven during a coma, the publisher plans to take "the book and all ancillary products out of print." Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-01-16 00:00:00 UTC ]
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Booksellers have criticised the Man Booker Prize's change of stance on the print availability of longlisted titles as “disappointing”. However others have applauded the ruling, saying publishers must be able to set publication dates as they wish. Continue reading at The Bookseller
[ The Bookseller | 2015-01-14 00:00:00 UTC ]
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Telegraph Media Group confirms Clissitt will not be joining Bloomberg as Grazia editor-in-chief lands deputy editor job with focus on lifestyle contentBen Clissitt is staying with Telegraph Media Group and Grazia’s Jane Bruton is taking a senior editorial role in the publisher’s latest... Continue reading at The Guardian
[ The Guardian | 2015-01-13 00:00:00 UTC ]
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Author James Patterson is donating £50,000 to a new prize that will fund school libraries. The World Book Day Award, launched today (9th January), offers schools in the UK and Ireland the chance to win money to buy books from local bookshops to stock their libraries. Six lump sums are on up for... Continue reading at The Bookseller
[ The Bookseller | 2015-01-10 00:00:00 UTC ]
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In a cost-cutting move, Randall-Reilly, a B2B publisher with footholds in several markets, is merging two of its brands and going digital-only with another. Road building magazine, Better Roads, will fold as a standalone title and become part of Equip Continue reading at Folio Magazine
[ Folio Magazine | 2015-01-08 00:00:00 UTC ]
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Unit sales of print books sold through outlets that report to Nielsen BookScan rose 2.4% in 2014, with total units topping 635 million. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-01-02 00:00:00 UTC ]
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Pirated versions of the latest novel of French author Michel Houllebecq, who is never far from controversy, have been available on several internet sites some 10 days before publication in his native country on 7th January. According to press reports, non-final proofs of Soumission... Continue reading at The Bookseller
[ The Bookseller | 2015-01-01 00:00:00 UTC ]
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Barnes & Noble is to buy back the stake Pearson acquired in its Nook Media business for $27.7m in cash and stock, ahead of a split of the business in 2015, the Wall Street Journal has reported. The split follows that of B&N and Microsoft earlier this month. Continue reading at The Bookseller
[ The Bookseller | 2014-12-25 00:00:00 UTC ]
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Final issue of a paper that Trinity Mirror is transforming into a digital-only publicationSo it’s farewell to the Reading Post, which has just published its final issue after its owner, Trinity Mirror, decided to stop publishing its newsprint version.The paper marks its inky end with a front... Continue reading at The Guardian
[ The Guardian | 2014-12-17 00:00:00 UTC ]
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PW reviewers were impressed with these spirituality and religion books published in 2014. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-12-09 00:00:00 UTC ]
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