Gannett Rejects Hostile Bid From Hedge Fund-Backed Group

The newspaper publisher’s board said the $1.3 billion offer “is not in the best interests of Gannett and its shareholders.” But the fight for control is likely to go on. Continue reading at 'The New York Times'

[ The New York Times | 2019-02-05 00:00:00 UTC ]

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Hedge fund Chatham plans to buy newspaper publisher McClatchy out of bankruptcy, ending 163 years of family control

Hedge fund Chatham plans to buy newspaper publisher McClatchy out of bankruptcy, ending 163 years of family control Continue reading at ABC News

[ ABC News | 2020-07-12 18:20:00 UTC ]
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Report: EBay seeking bids for Classifieds Group at activist investors' urging

EBay Inc. is making plans to sell its international classifieds arm, eBay Classifieds Group, the Wall Street Journal reported Friday, citing unnamed sources. According to the Journal, Classifieds could be worth around $10 billion. The private equity firms TPG and Blackstone Group Inc., as well... Continue reading at Silicon Valley Business Journal

[ Silicon Valley Business Journal | 2020-02-21 21:52:59 UTC ]
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J.D. Vance has launched a VC fund named after a Tolkien artifact and backed by Peter Thiel.

As Bloomberg reports, J. D. Vance, bestselling author of Hillbilly Elegy, Yale graduate, and venture capitalist has teamed up with Peter Thiel, Eric Schmidt, and Marc Andreessen of Silicon Valley to establish a venture capital firm in Ohio called Narya Capital. If “Narya” sounds familiar to you,... Continue reading at Literrary Hub

[ Literrary Hub | 2020-01-10 20:12:30 UTC ]
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Once a book selling giant, Barnes & Noble sold to hedge fund

The one-time bookselling giant is being acquired by a hedge fund for $476 million. The national chain that many blamed for the demise of independent bookstores has been ravaged by Am…; and other... To view the full story, click the title link. Continue reading at Crains New York

[ Crains New York | 2019-06-07 15:58:20 UTC ]
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Irish Supreme Court Rejects Facebook Bid to Block ECJ Data Case

The European Court of Justice (ECJ) will hear a landmark privacy case regarding the transfer of EU citizens’ data to Continue reading at Editor & Publisher

[ Editor & Publisher | 2019-05-31 19:45:54 UTC ]
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In FY2020 Budget Proposal, Trump Renews Bid to End Federal Library Funding

ALA officials said the president's budget proposal was discouraging, but the bipartisan support in Congress over the past two years gives library supporters "reason to hope.” Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-03-11 00:00:00 UTC ]
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Unsolicited buyout bid puts 23% premium on shares of newspaper publisher Gannett

Unsolicited buyout bid puts 23% premium on shares of newspaper publisher Gannett Continue reading at MarketWatch.com

[ MarketWatch.com | 2019-01-14 00:00:00 UTC ]
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Finnish Digital Media Fund IPR.VC Backs Development of YA Book Series for Television

With plans for multiplatform development to follow, the allegorical fantasy writings of Italian author Roberto Ricci are coming first to television. The post Finnish Digital Media Fund IPR.VC Backs Development of YA Book Series for Television appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2018-06-25 00:00:00 UTC ]
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Trump renews bid to eradicate arts and library funding

The Trump administration has again proposed to eliminate funding for the National Endowments for the Arts (NEA) and Humanities and the Institute of Museum and Library Services (IMLS). Continue reading at The Bookseller

[ The Bookseller | 2018-02-14 00:00:00 UTC ]
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Trump Renews Bid to Eliminate Library Funding, NEA, and NEH

As it did last year, the Trump administration has once again proposed the permanent elimination of the National Endowments for the Arts and Humanities, as well as the elimination of the Institute of Museum and Library Services. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-02-12 00:00:00 UTC ]
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Meredith Bid for Time Inc. Said to Be Backed by Koch Brothers

Earlier talks this year between Time Inc., the publisher of People and Sports Illustrated, and the Meredith Corporation fizzled out. Continue reading at The New York Times

[ The New York Times | 2017-11-16 00:00:00 UTC ]
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NEH Chair Resigns as Trump Renews Bid to Eliminate Arts, Library Funding

The president's latest budget proposal once again seeks to terminate the NEH, NEA, and virtually all federal library funding. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-05-23 00:00:00 UTC ]
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Tronc Plunges After Gannett Drops Takeover Bid; ADM Gains

Newspaper publisher Tronc plunges after Gannett abandons deal talks; Archer Daniels Midland, Coach gain on earnings beat Continue reading at ABC News

[ ABC News | 2016-11-02 00:00:00 UTC ]
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Digital Publishers Come Together as Group Nine Media, Backed by $100 Million From Discovery

The digital media industry is facing an extremely competitive revenue landscape. In times like this, it's sometimes better to link arms with other, similar, companies, backed by an even bigger, more profitable company.Discovery Communications on Thursday announced a $100 million minority... Continue reading at Advertising Age

[ Advertising Age | 2016-10-13 00:00:00 UTC ]
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U.S. Publishing Groups Back Hong Kong Bookseller

In a statement, America’s booksellers, publishers, and librarians expressed admiration for Lam Wing-kee and his defense of the right of the Chinese people to read the books they want. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-06-20 00:00:00 UTC ]
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Shareholder Sues Tribune Directors, Chairman Over Spurned Gannett Bid

A Tribune Publishing investor sued the media company's directors and Chairman Michael Ferro for spurning an $864 million buyout offer from Gannett and seeking a cash infusion from a billionaire health-care entrepreneur.Tribune's board members are seeking to unfairly entrench themselves by taking... Continue reading at Advertising Age

[ Advertising Age | 2016-06-03 00:00:00 UTC ]
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Gannett increases its bid to $865m to acquire US newspaper rival

‘Aggressive’ USA Today publisher eager to swallow the Tribune companyUS newspaper giant Gannett has increased its takeover bid for another big publisher, Tribune, after its first attempt was rebuffed. Gannett, which owns the UK chain, Newsquest, raised its offer on Monday to about $475m (£327m),... Continue reading at The Guardian

[ The Guardian | 2016-05-17 00:00:00 UTC ]
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McCartney bid to Get Back Beatles songs

Paul McCartney files legal papers in the US, as part of an attempt to reclaim the publishing rights to The Beatles' back catalogue. Continue reading at BBC News

[ BBC News | 2016-03-21 00:00:00 UTC ]
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Advisory Firm Backs Bid for Books-A-Million

Ahead of a December 8 vote on the proposal by the Anderson family to take Books-A-Million private, an advisory firm recommended that shareholders vote for the offer. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-11-17 00:00:00 UTC ]
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Why Google-Backed Press Fund Strayed From Its Mission to Help Charlie Hebdo

Charlie Hebdo is printing 7 million copies of its "survivor's issue," published one week after terrorists attacked the magazine's Paris office Jan. 7, killing 12 people. To print the additional copies, Charlie Hebdo, which usually puts out 60,000 copies per issue, received financial help from... Continue reading at Advertising Age

[ Advertising Age | 2015-01-21 00:00:00 UTC ]
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