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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Intending to use 100-percent renewable energy by 2026, Hachette Livre turns to reducing overproduction, freight, and more. The post France’s Hachette Livre: A 30-Percent Carbon Reduction by 2030 appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2023-01-05 12:30:37 UTC ]
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Nine newly announced translations supported by the UAE's Sheikh Zayed Book Award have taken Arabic books into five languages. The post Sheikh Zayed Book Award: Funding for Nine Translations, Arabic Into Five Languages appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2023-01-03 20:39:38 UTC ]
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As the year comes to a close, ‘Fast Company’ asked leaders which books they sought out for guidance and leadership advice. In 2022, as they faced a tight labor market and a looming economic downturn, business leaders had a lot on their minds. With the year coming to a close, Fast Company asked... Continue reading at Fast Company
[ Fast Company | 2022-12-14 07:00:00 UTC ]
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Currently the publisher of Lexham Press and the director of original content for Faithlife, Jesse Myers has been named president and CEO of the Baker Book House Company, effective May 1, 2023, succeeding the retiring Dwight Baker. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-12-13 05:00:00 UTC ]
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The chief executive of the largest publisher in the U.S., Penguin Random House, has stepped down. Markus Dohle oversaw the attempted acquisition of Simon & Schuster. Continue reading at The New York Times
[ The New York Times | 2022-12-09 14:47:10 UTC ]
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The CEO of Penguin Random House, the world’s largest trade publisher, is stepping down Continue reading at ABC News
[ ABC News | 2022-12-09 13:58:45 UTC ]
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Penguin Random House CEO Markus Dohle has relinquished his position at the head of the publisher, “at his own request and on the best of mutual terms,” just weeks after a federal judge blocked the publisher’s attempt to acquire rival Big Five publisher Simon & Schuster. PRH president and... Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-12-09 05:00:00 UTC ]
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At a UBS media conference earlier this week, Bob Bakish, CEO of Simon & Schuster parent company Paramount Global, said that with the sale to Penguin Random House now dead, the company still plans to divest the publisher, though he didn’t say how or when. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-12-07 05:00:00 UTC ]
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Photo by Rye White. As we enter what’s basically the last serious working week for corporate publishing (for some, anyway), it’s important to note that as of now, HarperCollins has yet to meet with any of its 250 or so striking contractors who are seeking better wages and benefits, along with... Continue reading at Literrary Hub
[ Literrary Hub | 2022-12-05 16:10:49 UTC ]
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Amazon's latest entry-level Kindle has received its first discount in time for Black Friday. The company is selling the 2022 ad-supported Kindle for $85, or $15 below the official price. That makes it tempting if you're planning a gift for the bookworm in your life, or have just been waiting for... Continue reading at Engadget
[ Engadget | 2022-11-24 13:30:55 UTC ]
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Dore tells staff he is ‘exhausted’ and is leaving News Corp Australia to ‘concentrate on restoring my health’Get our morning and afternoon news emails, free app or daily news podcastThe editor-in-chief of the Australian, Chris Dore, has resigned suddenly, citing “personal health issues”.The... Continue reading at The Guardian
[ The Guardian | 2022-11-16 07:28:50 UTC ]
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The venture capital market is slowing -- and while that might be a good thing for some investors, it'll likely be more difficult for media companies to raise capital. Continue reading at Digiday
[ Digiday | 2022-11-10 05:01:00 UTC ]
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Penguin Random House CEO Markus Dohle took the stage on Tuesday morning at the Sharjah International Book Fair and said he is "super disappointed" with the court ruling blocking PRH's proposed acquisition of S&S, calling the decision "utterly wrong." Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-11-01 04:00:00 UTC ]
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The vending machine, created by Bogle Bartle Hegarty, was placed at Comic Con in London, as part of a seasonally appropriate activation for the new Netflix series The Bastard Son & The Devil Himself. Continue reading at Media Week
[ Media Week | 2022-10-28 12:44:39 UTC ]
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The House has yet to sign on to the Senate's $20 million proposal to fund library construction and renovation, which, if passed, would be the first federal funding for updating library facilities in some 26 years. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-10-28 04:00:00 UTC ]
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Wilkin was appointed after a six-month search and will succeed Erin Tripp, currently Interim Lyrasis CEO, who took the helm after CEO Robert Miller announced his departure in February. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-10-28 04:00:00 UTC ]
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Andrea Fleck-Nisbet, founding v-p and publisher of Nashville-based nonfiction imprint Harper Horizon, will succeed Angela Bole as CEO of the Independent Book Publishers Association, effective November 1. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-10-26 04:00:00 UTC ]
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Jon Yaged, who will officially succeed Don Weisberg as CEO of Macmillan Publishers US later this year, will take over day-to-day responsibilities for running the company, effective today, along with other changes among executive personnel. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-09-22 04:00:00 UTC ]
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Meghan Gilliss’ debut novel Lungfish follows Tuck, her husband Paul, and their toddler Agnes as they all squat on Tuck’s dead grandmother’s island in the Gulf of Maine after running out of money. While Paul undergoes substance withdrawal in the rustic house, Tuck and Agnes survive on whatever... Continue reading at Electric Literature
[ Electric Literature | 2022-09-13 11:00:00 UTC ]
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In today's German and international news conferences, key elements of Frankfurt Book Fair were spotlighted by organizers. The post Frankfurt Aims for 70 Percent of Its Pre-Pandemic Size appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-09-08 20:35:29 UTC ]
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