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 ]
News tagged with:
#york trading
#vice chairman
#second-largest shareholder
Just two weeks on from reporting a large increase in profits, Gannett has announced the splitting of its broadcast and publishing divisions into separate companies. It means that Gannett's British newspaper outfit, Newsquest, will find itself as part of the publishing arm and, quite possibly,... Continue reading at The Guardian
[ The Guardian | 2014-08-06 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#large increase
#publishing divisions
#separate companies
#publishing arm
#gracia martore
In the latest effort by Japanese manga and anime houses to fight digital piracy, the industry is coupling take down notices with a series of online video appeals that direct fans to legal access points for manga and anime. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-08-06 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#japanese manga
#latest effort
Media giant to create two companies, one of which will focus on broadcasting and digital content and the other on publishingGannett, the publisher of USA Today, is to take full ownership of the auto website Cars.com and spin off its publishing assets into a publicly traded company as it focuses... Continue reading at The Guardian
[ The Guardian | 2014-08-05 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#publishing arm
#publishing assets
#media giant
#digital content
#usa today
#full ownership
#digital businesses
#tax-free distribution
Gannett Co., the owner of USA Today, will split into two publicly traded companies, one focused on broadcasting and digital businesses and the other on publishing, it said today, following the trend that has swept the media business.Signaling its interest in digital investment, the company also... Continue reading at Advertising Age
[ Advertising Age | 2014-08-05 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#digital investment
#tax-free distribution
#similar moves
#time warner
Gannett Co. (GCI) plans to split into two publicly traded companies by spinning off its publishing business, including USA Today, and also said it has agreed to buy full ownership of Cars.com. Gannett will separate the publishing business through a ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2014-08-05 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#publishing business
Abingdon Press is “reassessing and realigning” its Abingdon Fiction and Christian Living programs and has “paused” acquisitions. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-08-04 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#abingdon press
"Horton and the Kwuggerbug and More Lost Stories" by Dr. Seuss will hit bookstores September 9th. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2014-08-01 00:00:00 UTC ]
More news stories like this |
It is 43 years old and was out of print for ages, but the Microsoft mogul's approval has caused a brand new surge in salesName: Business AdventuresAge: 43 Continue reading... Continue reading at The Guardian
[ The Guardian | 2014-08-01 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#business adventures
#bill gates
#favourite book
#bestseller lists
The circus came to town, yet again: this year’s Comic-Con: International ran from Wednesday through Sunday, July 23–27 and brought 130,000 attendees, hundreds of exhibitors, and thousands of professionals to San Diego, Calif. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-08-01 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#san diego
It's do or die time for Chicago Tribune and its sibling newspapers.On Aug. 4, Tribune Publishing Co. will be on its own, after parent Tribune Media Co. hives off its print properties. While Tribune Media will remain privately held, the new publishing company will start trading the next day on... Continue reading at Advertising Age
[ Advertising Age | 2014-07-30 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#start trading
#tribune tower
#baltimore sun
After the first trailer for the film adaptation of Fifty Shades of Grey dropped on July 24, lighting up the internet, the first book in E.L. James's trilogy shot back up to the top of Amazon's bestseller list. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-07-25 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#tracking amazon
#fifty shades
#film adaptation
#bestseller list
Target wants to prove that traditional media like print and TV can drive e-commerce sales, highlighted in its new back-to-school marketing push. Target is launching a mobile app that works with the retailer’s fall print catalog to trigger sales for its Room Essentials collection, aimed at... Continue reading at AdWeek
[ AdWeek | 2014-07-22 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#architectural digest
#real simple
#mobile device
#e-commerce site
#drive sales
It’s recently emerged that America’s two richest men share not only a fondness for bridge, but identical taste in literature. Both Bill Gates and Warren Buffet—according to an essay this week from Gates—count John Brooks’ Business Adventures as their single favorite book about business. Why is... Continue reading at Slate
[ Slate | 2014-07-18 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#favorite book
#recently emerged
#bill gates
Publishers and booksellers have backed the first ever trade-wide acknowledgement of Super... Continue reading at The Bookseller
[ The Bookseller | 2014-07-18 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#super thursday
The US Supreme Court rejects an emergency petition from the heirs of Sir Arthur Conan Doyle, who are trying to stop the publication of a book based on Sherlock Holmes. Continue reading at BBC News
[ BBC News | 2014-07-18 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#book based
#sherlock holmes
HarperCollins has signed world rights for the literary work of Eric Rücker Eddison, often... Continue reading at The Bookseller
[ The Bookseller | 2014-07-18 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#literary work
Tribune Publishing will spin off from Tribune Co. on Aug. 4, the new publishing company confirmed Tuesday. Continue reading at Los Angeles Times
[ Los Angeles Times | 2014-07-15 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#tribune publishing
Allan Ahlberg refused a lifetime achievement award because it was sponsored by the internet bookseller Amazon. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2014-07-12 00:00:00 UTC ]
More news stories like this |
Distinguished children’s author Allan Ahlberg [pictured] has declined the inaugural... Continue reading at The Bookseller
[ The Bookseller | 2014-07-10 00:00:00 UTC ]
More news stories like this |
The acrimony between Amazon and Hachette does not appear to waning. And their battle, over ebook sales terms, continues to play out in newspaper headlines. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-07-09 00:00:00 UTC ]
More news stories like this |