Metro Detroit billionaire businessman Manoj Bhargava faces a lawsuit tied to his ongoing takeover bid of the former publisher of Sports Illustrated magazine.The lawsuit, filed last week in California in a Los Angeles County court, is brought by Ross Levinsohn, a veteran media executive and the former CEO of Arena Group Inc., a New York City-based publishing company for which Bhargava has been mounting a takeover bid since summer.Bhargava is best known as the founder of the 5-hour Energy drink brand and runs myriad companies out of an office park he owns in Farmington Hills. He is named as a defendant in the lawsuit along with Arena Group — which up until January had published Sports Illustrated under a licensing deal from owner Authentic Brands — along with several other people connected to Bhargava.The 60-plus-page lawsuit accuses Bhargava of being “a wolf in sheep’s clothing,” presenting himself as a “like-minded investor” in Arena Group but engaging in “illegal misconduct, overt self dealing, and systematic destruction of shareholder value.”Bhargava spokesman Steve Janisse declined to comment Wednesday, citing pending litigation, while a spokesperson for Arena Group did not respond to a request for comment.News of Levinsohn’s lawsuit was first reported Monday by Business Insider."Ross Levinsohn, like so many others, gave his full energy and devotion to the company in the belief that his contractual rights would be respected," Bryan Freedman, a Los Angeles-based... Continue reading at 'Crains New York'
[ Crains New York | 2024-03-28 20:07:35 UTC ]
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Series sponsored by organisations including coal and gas companies features ‘incorrect’ claims on ‘green gas’ and context missing on carbon capture technology Get our morning and afternoon news emails, free app or daily news podcastIn a double-page spread in News Corp Australia’s metropolitan... Continue reading at The Guardian
[ The Guardian | 2023-09-13 22:00:11 UTC ]
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The claims in the new suits are nearly identical to claims in two previous author class actions filed over the summer by writers, alleging the companies used unauthorized copies of their books to train their AI models. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-09-13 04:00:00 UTC ]
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Peter Ruis has resigned as CEO of Indigo Books & Music, a position he held for a year. The news comes after the retirement of founder Heather Reisman, a boardroom shake-up, and a destructive cyber attack that impacted sales. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-09-11 04:00:00 UTC ]
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The up-and-down year at Canadian book retailer Indigo took a new twist on Thursday as newly minted CEO Peter Ruis abruptly resigned. Continue reading at CBC
[ CBC | 2023-09-07 13:48:13 UTC ]
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The Internet Archive is facing another lawsuit over one of its conservation projects. Sony Music Entertainment, Universal Music Group and a handful of other music labels have filed a lawsuit against the nonprofit organization, accusing it of copyright infringement for digitizing, "willfully... Continue reading at Engadget
[ Engadget | 2023-08-12 11:01:08 UTC ]
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In 2019, Samsung released the original Galaxy Fold, the first phone with a flexible display (not counting pretenders like the Royole Flexpai). And even though it had more than its fair share of flaws, you could see its potential. Over the next couple of years, Samsung refined its flagship... Continue reading at Engadget
[ Engadget | 2023-08-09 14:00:02 UTC ]
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Paramount announced Monday that it's selling the storied publisher for $1.62 billion, months after a sale to Penguin Random House was blocked by a federal judge. Continue reading at Los Angeles Times
[ Los Angeles Times | 2023-08-07 21:27:31 UTC ]
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The best science fiction and fantasy book deals of the day, curated by Book Riot. Continue reading at Book Riot
[ Book Riot | 2023-08-07 14:42:05 UTC ]
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Thompson raised nearly £200,000 for Macmillan Cancer Research, and donations continue to come in. Continue reading at Media Week
[ Media Week | 2023-08-02 15:16:19 UTC ]
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The best science fiction and fantasy book deals of the day, curated by Book Riot. Continue reading at Book Riot
[ Book Riot | 2023-07-31 13:37:54 UTC ]
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Fox is joining the wrap party. Today, Fox became the third major publisher to announce it's closed upfront talks. The company follows Paramount, which closed talks this morning, and NBCUniversal, which wrapped negotiations last week. According to Fox sources, Fox Sports, driven by NFL, MLB,... Continue reading at AdWeek
[ AdWeek | 2023-07-27 15:00:00 UTC ]
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The best science fiction and fantasy book deals of the day, curated by Book Riot. Continue reading at Book Riot
[ Book Riot | 2023-07-24 13:36:59 UTC ]
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The best science fiction and fantasy book deals of the day, curated by Book Riot. Continue reading at Book Riot
[ Book Riot | 2023-07-17 13:53:44 UTC ]
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Ask ChatGPT about comedian Sarah Silverman’s memoir “The Bedwetter” and the artificial intelligence chatbot can come up with a detailed synopsis of every part of the book Continue reading at ABC News
[ ABC News | 2023-07-12 22:32:35 UTC ]
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Ask ChatGPT about comedian Sarah Silverman’s memoir “The Bedwetter” and the artificial intelligence chatbot can come up with a detailed synopsis of every part of the book Continue reading at ABC News
[ ABC News | 2023-07-12 22:32:31 UTC ]
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Sarah Silverman is suing OpenAI. On Friday, the comedian and author, alongside novelists Christopher Golden and Richard Kadrey, filed a pair of complaints against OpenAI and Meta (via Gizmodo). The group alleges the firms trained their large language models on copyrighted materials, including... Continue reading at Engadget
[ Engadget | 2023-07-10 17:53:22 UTC ]
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The best science fiction and fantasy book deals of the day, curated by Book Riot. Continue reading at Book Riot
[ Book Riot | 2023-07-10 14:20:58 UTC ]
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A transgender woman, the owners of an independent bookstore and an educator who teaches in costume are among those challenging Montana's first-in-the-nation law that bans people dressed in drag from reading to children in public schools or libraries Continue reading at ABC News
[ ABC News | 2023-07-07 01:02:34 UTC ]
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A transgender woman, the owners of an independent bookstore and an educator who teaches in costume are among those challenging Montana's first-in-the-nation law that bans people dressed in drag from reading to children in public schools or libraries Continue reading at ABC News
[ ABC News | 2023-07-07 00:47:04 UTC ]
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Tattered Cover has named Brad Dempsey interim CEO of the Denver bookstore chain, replacing CFO Margie Keenan, who served as interim CEO after former CEO and co-owner Kwame Spearman left in April to start a political career. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-07-06 04:00:00 UTC ]
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