BlackBerry has abandoned plans to sell itself and has instead found about $1 billion in new funds that it will use to try to turn its business around. The company is also planning far–reaching changes to management and will remove both its CEO Thorsten Heins and some directors. Heins is replaced by former CEO of Sybase John Chen. Related Should BlackBerry Lay Off Creative Director Alicia Keys? The new decision from BlackBerry follows the end of a buyout deal by financial firm Fairfax Financial Holdings earlier in the summer. The deal was said to be in the range of $4.7 billion, and Fairfax had until today to study BlackBerry's books and make an offer. Whatever Fairfax found in the company's finances and its business model for the future is unknown, but it is now irrelevant because BlackBerry has changed course. Even during the period when Fairfax was courting BlackBerry, a number of other big–name buyers were said to be interested in the formerly giant smartphone maker. Fairfax is now merely one of the lead investors. BlackBerry is selling a new form of convertible stock to the new group of investors, raising extra capital with which it can retool and restaff to point the company in a new direction. The maneuver suggests that, despite losing significant staff and nearly all its standing in the marketplace, the company's management feels it can survive as a going concern. Continue reading at 'Fast Company'
[ Fast Company | 2013-11-04 00:00:00 UTC ]
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After a challenging 2021-22 upfront, buyers have higher hopes for this year's marketplace. But the 2022-23 upfront will be unlike any other, with at least one megamerger on the horizon, the continued erosion of linear ratings, and massive measurement upheaval as multiple media companies craft... Continue reading at AdWeek
[ AdWeek | 2022-05-11 14:10:39 UTC ]
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Jason Mayden’s new book breaks down design so simply that a child can get it, so your C-suite stands a chance, too. Jason Mayden has lived many lives. Starting as Nike’s first Black industrial design intern, he went on to become lead designer of the Jordan brand, launch his own children’s shoe... Continue reading at Fast Company
[ Fast Company | 2022-05-09 08:00:37 UTC ]
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Paul Kelly and Rebecca Smart will take over as co-CEOs of DK worldwide June 1 when its current CEO, Carsten Coesfeld, moves to head Bertelsmann Investments. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-04-06 04:00:00 UTC ]
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Since 2011, all my book editors have been white. Why wouldn’t I want another perspective on the characters I invent?Until a few years ago, only publishing industry insiders would have understood the role of the sensitivity reader. Then came American Dirt. The Jeanine Cummins novel sold to a US... Continue reading at The Guardian
[ The Guardian | 2022-03-08 09:00:06 UTC ]
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The VAB is helping to create new standards for TV measurement, but can it be an objective party if it counts some measurement providers -- but not Nielsen -- as dues-paying members? The post Q&A with VAB CEO Sean Cunningham on the trade org’s role in the TV ad industry’s measurement makeover... Continue reading at Digiday
[ Digiday | 2022-03-04 05:01:00 UTC ]
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Bill Livek announces departure amid growing industry interest in Nielsen competitors. Continue reading at Advertising Age
[ Advertising Age | 2022-03-01 00:04:04 UTC ]
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If you’ve been paying attention to local news in the past year, you’ve likely noticed the concerning wave of book bans sweeping the nation. Books by authors of color; books that acknowledge historical atrocities; books featuring LGBTQ+ characters; sex education books for teens; all are under... Continue reading at Literrary Hub
[ Literrary Hub | 2022-02-09 19:49:33 UTC ]
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Redu, Belgium, was for decades a destination for book lovers. But now more than half of its bookstores have closed. Continue reading at The Washington Post
[ The Washington Post | 2021-12-26 14:43:23 UTC ]
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Waterstones buyers have heralded 2021 as a "bumper year" for publishing and are looking forward a "healthy 2022". Continue reading at The Bookseller
[ The Bookseller | 2021-12-23 01:27:33 UTC ]
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Penguin Random House is disputing the U.S. Department of Justice's main argument in the government's lawsuit to block PRH’s acquisition of S&S, namely that the merger would lead to "substantial harm to authors of anticipated top-selling books and ultimately, consumers.” Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-12-13 05:00:00 UTC ]
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Picador has stopped distribution of Alice Sebold's memoir Lucky as the author apologised to the man who was exonerated of her rape last week, 40 years after his conviction. Continue reading at The Bookseller
[ The Bookseller | 2021-11-30 20:34:54 UTC ]
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At the upcoming Guadalajara International Book Fair, the Bologna Children's Book Fair stages programming aimed at illustrators. The post At Guadalajara: Bologna Children’s Book Fair Makes Its Next Stop appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-11-24 19:08:50 UTC ]
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Quarto Group has named former Octopus head Alison Goff its CEO, effective January 2. Goff had been at the Hachette UK division for 21 years before leaving in April 2020. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-11-18 05:00:00 UTC ]
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Fox News boss has made few public comments about ex-president who was championed by many of the network’s commentatorsFox News boss Rupert Murdoch has said Donald Trump should stop focusing “on the past” in a rare public rebuke of the former US president.On Wednesday addressing the annual... Continue reading at The Guardian
[ The Guardian | 2021-11-17 23:11:42 UTC ]
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Amazon has announced it will stop accepting UK-issued Visa credit cards over high fees. Continue reading at The Bookseller
[ The Bookseller | 2021-11-17 17:57:09 UTC ]
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Nielsen and two colleagues were suspended by WPP following a whistleblower’s allegations. Continue reading at Media Week
[ Media Week | 2021-11-11 20:15:28 UTC ]
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The makeover of Follett Corp. continues with the announcement that it has sold Baker & Taylor to a private investment company led by Aman Kochar, B&T CEO and president. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-11-04 04:00:00 UTC ]
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The Justice Department is suing to block a $2.2 billion book publishing deal that would have reshaped the industry Continue reading at ABC News
[ ABC News | 2021-11-02 21:39:48 UTC ]
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Some 520 publishing professionals are traveling to the UAE for the 40th Sharjah International Book Fair and its Publishers' Conference. The post Next Stop After Frankfurt Book Fair: Sharjah’s Publishers’ Conference appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-10-28 14:20:43 UTC ]
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Rebecca Green's book How To Make Friends With A Ghost (Andersen Press) is being developed by the Jim Henson company as a new stop-motion animation series for children ages five to nine years old. Continue reading at The Bookseller
[ The Bookseller | 2021-10-25 21:42:12 UTC ]
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#make friends