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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Among the most admired and respected of Big Five leadership, Reidy joined Simon & Schuster in 1992. CFO Dennis Eulau recalls 'her fierce intelligence and curiosity.' The post Simon & Schuster CEO Carolyn Reidy Dies of a Heart Attack, 71 appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-05-12 17:12:24 UTC ]
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Carolyn Reidy, president and CEO of Simon & Schuster since 2008, died of a heart attack on May 12. She was 71. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-05-12 04:00:00 UTC ]
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The news publishing industry may be getting squeezed by the pandemic economy, but for Interactive Advertising Bureau CEO Randall Rothenberg, it set itself up for failure long ago, by leaning too heavily on advertiser revenue. "When the United States became a national marketplace in the mid to... Continue reading at Digiday
[ Digiday | 2020-05-12 04:00:00 UTC ]
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News Corp announced today the appointment of Almar Latour as the new Chief Executive Officer of Dow Jones and Publisher Continue reading at Editor & Publisher
[ Editor & Publisher | 2020-05-05 16:57:28 UTC ]
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David Lipson, third-generation owner of Boston and Philadelphia magazine publisher Metro Corp., is stepping down as CEO and bringing in management consultant Nick Fischer to run the company through the COVID-19 pandemic and beyond, staffers learned this week. Fischer currently serves as... Continue reading at Folio Magazine
[ Folio Magazine | 2020-04-29 22:35:01 UTC ]
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Scholastic UK is to publish Windrush Child by Benjamin Zephaniah as part of its Voices series. Continue reading at The Bookseller
[ The Bookseller | 2020-04-28 09:03:54 UTC ]
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After serving as president and CEO of Follett Corp. for a little more than two years, Pat Connolly has retired. Company chairman Todd Litzsinger will take over Connolly's duties as acting president and CEO. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-04-27 04:00:00 UTC ]
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Amazon is to close six of its warehouses in France, after a court ruling stopped the delivery of non-essential items during the pandemic. Continue reading at The Bookseller
[ The Bookseller | 2020-04-15 21:29:21 UTC ]
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The News Media Alliance and Digital Content Next call on digital advertisers and digital advertising companies to stop using keyword Continue reading at Editor & Publisher
[ Editor & Publisher | 2020-04-03 21:38:18 UTC ]
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With baseball on hiatus, Jesse Dougherty lets fans relive the team’s improbable run. Continue reading at The Washington Post
[ The Washington Post | 2020-03-27 12:00:00 UTC ]
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Edinburgh-based wholsesaler Bookspeed has closed its business during the coronavirus pandemic, saying it is unable to protect its warehouse workers with social distancing measures. Continue reading at The Bookseller
[ The Bookseller | 2020-03-24 05:06:40 UTC ]
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On Monday, Hearst UK CEO James Wildman would typically address the 1,000-person strong company from the stage at the Odeon Continue reading at Editor & Publisher
[ Editor & Publisher | 2020-03-23 18:30:59 UTC ]
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The controversial film director’s autobiography Apropos of Nothing had been dropped by its original publisher Woody Allen’s memoir, dropped by its original publisher after widespread criticism, has found a new home.The 400-page book, still called Apropos of Nothing, was released on Monday by... Continue reading at The Guardian
[ The Guardian | 2020-03-23 15:19:32 UTC ]
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Hearst CEO James Wildman has set recruited a healthcare professional to answer staff questions about the virus and started sending out daily company updates. The post ‘Revenue will fall away quite quickly’: Hearst UK CEO James Wildman on navigating crisis appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2020-03-23 04:01:21 UTC ]
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[caption id="attachment_126319" align="alignright" width="150"] Linda Thomas Brooks[/caption] Just two months after concluding her four-year term as president and CEO of MPA, The Association of Magazine Media, Linda Thomas Brooks is taking on a new role: interim managing director of Connectiv,... Continue reading at Folio Magazine
[ Folio Magazine | 2020-03-03 22:07:16 UTC ]
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Author Andrew Hunter Murray has thoroughly thought through the ramifications of his conceit. Continue reading at The Washington Post
[ The Washington Post | 2020-02-10 20:30:06 UTC ]
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[caption id="attachment_154421" align="alignright" width="275"] Diane Anderson-Minshall[/caption] Diane Anderson-Minshall has spent nearly her entire career in the LGBTQ media space as a writer, editor and content strategist. Recently, her commitment was rewarded when she was promoted to to... Continue reading at Folio Magazine
[ Folio Magazine | 2020-02-04 18:56:22 UTC ]
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Trade figures have said the failure of The Book People to find a buyer, leading to 155 redundancies, could have ramifications for the children's book market. Continue reading at The Bookseller
[ The Bookseller | 2020-01-14 05:00:29 UTC ]
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The Book People made 155 of its staff redundant on Friday (10th January) after failing to find a buyer. The company will continue to trade online with retained staff "for as long as possible" and "whilst any remaining interest is explored", its administrators have said. Continue reading at The Bookseller
[ The Bookseller | 2020-01-10 16:53:47 UTC ]
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