Gawker Media filed for Chapter 11 bankruptcy on Friday, shortly before announcing the iconic blog network has reached an agreement with Ziff Davis to purchase its seven brands and other assets. Gawker's brands include Gawker.com, Deadspin, Lifehacker, Gizmodo, Kotaku, Jalopnik and Jezebel. "We are encouraged by the agreement with Ziff Davis, one of the most rigorously managed and profitable companies in digital media," said Gawker CEO and founder Nick Denton. "A combination would marry Ziff Davis' strength in ecommerce, licensing and video with [Gawker Media Group's] premium media brands." Ziff Davis owns media brands such as PC Magazine, IGN and AskMen, among others. In a memo obtained by Recode, CEO Vivek Shah described the agreement as a "tremendous fit between the two organizations." The filing (which you can read here via Poynter), which came with the U.S. Southern District of New York, is the latest, and widely expected, development in the years-long battle against Hulk Hogan, and later, tech billionaire Peter Thiel. In the bankruptcy filing, Gawker reported having less than $100 million in assets and more than $100 million in liabilities. During the sale process, Gawker Media will maintain normal operations. Gawker is appealing the Hulk Hogan judgment, where it has been adamant it will prevail. However, Gawker was required to put up $50 million in escrow while the appeals process plays out. Gawker says the protection afforded by the bankruptcy filing... Continue reading at 'AdWeek'
[ AdWeek | 2016-06-11 00:00:00 UTC ]
'The Story,' which condenses the Bible into 21 chapters, has surpassed five million copies sold across all formats, 16 years after it was initially released by Zondervan. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-11-09 05:00:00 UTC ]
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The makeover of Follett Corp. continues with the announcement that it has sold Baker & Taylor to a private investment company led by Aman Kochar, B&T CEO and president. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-11-04 04:00:00 UTC ]
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The Justice Department is suing to block a $2.2 billion book publishing deal that would have reshaped the industry Continue reading at ABC News
[ ABC News | 2021-11-02 21:39:48 UTC ]
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"This POC author was actually a blond white woman who didn’t seem to think there was anything wrong with her act of brownface." Continue reading at The Huffington Post
[ The Huffington Post | 2021-11-02 13:00:03 UTC ]
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HQ has snapped up "an accessible and practical" book on pain management by osteopath, coach and massage therapist James Davies. Continue reading at The Bookseller
[ The Bookseller | 2021-10-23 07:33:42 UTC ]
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The Pointless presenter’s second crime novel, The Man Who Died Twice, has sold 114,202 copies in its first week on saleRichard Osman’s follow-up to The Thursday Murder Club, The Man Who Died Twice, has become one of the fastest-selling novels since records began.Published on 16 September, The... Continue reading at The Guardian
[ The Guardian | 2021-09-21 14:37:39 UTC ]
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John Murray Press m.d. Nick Davies and Bradford Literature Festival c.e.o. Syima Aslam have been appointed to the Creative UK Council. Continue reading at The Bookseller
[ The Bookseller | 2021-09-17 05:25:59 UTC ]
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Oscar-winner and all-around Renaissance woman Viola Davis is going to put her life story (so far) to paper. The actor will publish a memoir, Finding Me, with HarperOne. Davis will discuss her tumultuous childhood growing up in Rhode Island, including poverty and family strife, to her rise as a... Continue reading at Literrary Hub
[ Literrary Hub | 2021-07-22 15:04:57 UTC ]
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Political activist, scholar and author Angela Y Davis is joining the Hamish Hamilton list, after signing a five-book deal with the publisher. Continue reading at The Bookseller
[ The Bookseller | 2021-06-24 01:55:20 UTC ]
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How would you pronounce Ki? When Meg Davis left MBA in 2011, after 25 years, to start her own agency, she was casting about for a company name that would work well on social media and that tripped off the tongue. She says: “I didn’t want to call it Meg Davis and Associates because I thought... Continue reading at The Bookseller
[ The Bookseller | 2021-06-18 18:15:49 UTC ]
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Haymarket Books has acquired the rights to publish the third edition of Black Liberation activist and scholar Angela Davis's autobiography, originally published in 1974. The book will be released in October with a new introduction by Davis. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-05-24 04:00:00 UTC ]
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Marie Claire U.S. had been part of Hearst since 1994 in a joint venture with French company Marie Claire Album. Continue reading at The New York Times
[ The New York Times | 2021-05-11 17:35:20 UTC ]
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Want to read what everyone else is reading? MarketWatch reports that in honor of World Book Day, Amazon has released a list of their 50 overall bestselling books in the U.S. (at least in the 27 years since their launch in 1994). Of course, not everyone buys their books on Amazon (may we suggest... Continue reading at Literrary Hub
[ Literrary Hub | 2021-04-23 16:45:58 UTC ]
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In a deal rumored to be in the seven figure-range, Knopf editor Jenny Jackson sold her debut novel to Pam Dorman, who has an eponymous imprint at Penguin Random House. 'Pineapple Street' follows three sisters who are members of a wealthy family, and is slated to be released in early 2023. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-04-14 04:00:00 UTC ]
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His forecasts of trends in business and society led to a series of best-selling books. Continue reading at The Washington Post
[ The Washington Post | 2021-04-11 15:32:47 UTC ]
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Blockbuster projects share one common trait. Do you dream of opening that blockbuster restaurant, writing a New York Times best-selling book, or releasing a chart-topping album? A new study out of Northwestern University suggests a pivotal ingredient.Read Full Story Continue reading at Fast Company
[ Fast Company | 2021-04-09 16:21:42 UTC ]
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The children’s book has influence out of proportion with its 24 pages and its cardboard cover devoid of medallions. Continue reading at The Washington Post
[ The Washington Post | 2021-01-27 13:00:00 UTC ]
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Peter McGuigan, the cofounder of Foundry Literary + Media, filed a lawsuit against his former business partner, Yfat Reiss Gendell, on Friday. The suit claims that Gendell made illegal withdrawals of more than $860,000 from the former partners' literary agency. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-01-19 05:00:00 UTC ]
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Amazon is being sued for anti-competitive behaviour in the United States by the same law firm that successfully sued Apple and five major publishers for colluding to fix e-book prices in 2011. Continue reading at The Bookseller
[ The Bookseller | 2021-01-17 12:13:54 UTC ]
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Described as ‘one of the few kings of popular African-American fiction for women,’ he wrote 29 books that together sold more than 7 million copies. Continue reading at The Washington Post
[ The Washington Post | 2021-01-06 13:20:32 UTC ]
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