Comscore, its stock already approaching all-time lows, missed expectations of flat revenue with a 4.4 percent decline last quarter. The media measurement company’s interim CEO said on a Tuesday earnings call after market close that it’s “exploring all strategic options.” The stock already has fallen 85 percent since CEO Bryan Wiener and President Sarah Hofstetter abruptly resigned at the end of March in a dispute with the board, shedding more than $1.2 billion in market capitalization. About $300 million of that slide has come since the company announced a deal by which it got a $20 million cash infusion from Cayman Islands-based fund CVI Investments, which could ultimately give that fund a 20 percent stake in the company. On Tuesday’s call, Comscore executives explained the need for that deal: to meet stepped-up requirements for $40 million in cash on hand under a prior financing arrangement amid a cash drain last quarter. In response to analyst questions on whether Comscore would consider selling its growing and market-dominant movie box office measurement business or its declining syndicated digital audience measurement business, interim CEO Dale Fuller said, “We are exploring all strategic options.” He added that investment bank Goldman Sachs, which helped handle the CVI investment, continues to work with Comscore on other matters. Comscore has been subject to considerable takeover speculation since Wiener and Hofstetter left – albeit not enough to lift a steadily... Continue reading at 'Advertising Age'
[ Advertising Age | 2019-08-07 00:08:01 UTC ]
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Rioters talk about what they miss most about comic book conventions. Everything from cosplay to the sweet comic book finds. Continue reading at Book Riot
[ Book Riot | 2021-02-10 11:35:00 UTC ]
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A woman, rigid in her diet, finally gives in to her cravings in Broder’s follow-up to “The Pisces.” Continue reading at The Washington Post
[ The Washington Post | 2021-02-09 14:41:03 UTC ]
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Centuries of fascination for 'The One Thousand and One Nights' were examined by two winners of the Sheikh Zayed Book Award this weekend. The post Sheikh Zayed Book Award and NYU Explore ‘The Nights’ appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-02-08 15:06:39 UTC ]
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A Yale-educated engineer goes in search of the child she gave up for adoption in Nancy Johnson’s debut. Continue reading at The Washington Post
[ The Washington Post | 2021-02-03 13:00:00 UTC ]
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Jeff Bezos, founder and CEO of Amazon, will hand over the CEO duties to Andy Jassy, head of Amazon Web Services, this summer. The company reported that sales in the year jumped 38% over 2019, to $386.1 million, and earnings skyrocketed 84%. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-02-02 05:00:00 UTC ]
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Comma Press will publish The American Way: Stories of Invasion in May 2021, the first title in its History-into-Fiction series to step outside of British history. Continue reading at The Bookseller
[ The Bookseller | 2021-01-19 23:34:53 UTC ]
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Bookshops in Scotland will still be able to offer click and collect services despite a toughening of coronavirus restrictions, with Scottish First Minister Nicola Sturgeon branding books “essential items”. Continue reading at The Bookseller
[ The Bookseller | 2021-01-13 21:17:15 UTC ]
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It’s been a bad year for libraries and those who love them. Despite some interesting tech innovations (we could have been cleaning our books with UV rays this whole time!), many temporarily reopened libraries are closing again due to surging COVID numbers and COVID exposures, and many other... Continue reading at Literrary Hub
[ Literrary Hub | 2021-01-11 18:26:49 UTC ]
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Blind since age 3, he used amanuenses to dictate sentences that he wrote in his head and revised out loud. Continue reading at The Washington Post
[ The Washington Post | 2021-01-11 16:01:53 UTC ]
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Shutdowns in December short-circuited the German market's progress in making up book sales losses from spring lockdowns. The post Börsenverein Report Shows 2020 German Book Revenue Down 2.3 Percent appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-01-08 15:54:29 UTC ]
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Egmont UK's 2019 revenue decreased 8.9% to £37.9m but the publisher had a £369,000 pre-tax profit in the financial year before the book business was bought by HarperCollins, new figures uploaded to Companies House show. Continue reading at The Bookseller
[ The Bookseller | 2021-01-08 08:40:13 UTC ]
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CEO Bill Livek alludes to bigger, but debt-laden, rival Nielsen with analogy to how Netflix overtook Blockbuster. Continue reading at Advertising Age
[ Advertising Age | 2021-01-08 00:41:20 UTC ]
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Feature image from Akiko Miyakoshi’s I Dream a Journey * I knew things were going to get hard when the library closed. I am, by profession, a writer and a professor of storytelling. I’ve read to my twin children—now four—since their infancy. But as avid readers as we already were, 2020 upped our... Continue reading at Literrary Hub
[ Literrary Hub | 2020-12-21 09:49:02 UTC ]
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Authors contributing to Elsevier's Cell Press portfolio of journals can make their research articles available for everyone to read immediately after publication from 1st January 2021. Continue reading at The Bookseller
[ The Bookseller | 2020-12-18 00:17:04 UTC ]
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Scholastic saw revenues plunge 32% year on year to $406.2m and operating income fall 54% in the second quarter, as its business continued to be hit by the pandemic, although trade sales rose. Continue reading at The Bookseller
[ The Bookseller | 2020-12-17 18:36:39 UTC ]
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BBC Studios has optioned TV rights for The Waiter by Ajay Chowdhury, winner of the Harvill Secker Crime Writing Competition in association with Bloody Scotland. Continue reading at The Bookseller
[ The Bookseller | 2020-12-07 14:28:57 UTC ]
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A new FT report suggests that BC Partners may leverage Springer Nature's value, as the publisher rolls out new routes to gold open access. The post Springer Nature Widens Gold Open Access Options, January 1 appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-12-04 21:26:05 UTC ]
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Joe Biden’s presidency has not yet begun, so one might think it would be too soon to start planning its depiction on television. Think again! Less than a month after Biden’s win, Showtime has optioned an upcoming book by John Heilemann, who has covered the President-elect for more than 30 years.... Continue reading at Literrary Hub
[ Literrary Hub | 2020-12-03 19:58:49 UTC ]
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Wellcome Collection and Profile Books will publish An Extra Pair of Hands by Kate Mosse, her own "deeply personal" story of finding herself, in middle age, caring for her relatives. Continue reading at The Bookseller
[ The Bookseller | 2020-12-02 21:14:32 UTC ]
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Mike Gayle’s Half A World Away (Hodder & Stoughton, 2019) has been optioned for television by Genesius Pictures and Tantrum Films with actress Michelle Collins attached. Continue reading at The Bookseller
[ The Bookseller | 2020-11-17 04:01:47 UTC ]
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