Guardian, Observer and theguardian.com publisher to invest sale proceeds, thought to be £600m to £700m, in core businessGuardian Media Group is selling its 50.1% stake in Auto Trader owner Trader Media Group to private equity firm Apax Partners in a deal thought to be worth £600m to £700m to the Guardian publisher.The sale to Apax, which bought 49.9% of Trader Media Group in 2007 and has been GMG's joint venture partner in the business since then, is thought to give TMG an enterprise value of about £1.8bn. The exact financial details of the deal were not revealed.GMG's sale of the TMG stake is subject to reguatory approval and final completion.Andrew Miller, the chief executive of GMG, said: "This proposed transaction makes strategic sense as we focus GMG's activities on award-winning digital and print journalism. On completion, the sale proceeds will strengthen our balance sheet and position us for further investment and growth in our core business."Neil Berkett, the chair of the GMG board, said: "Once completed, this deal will make GMG a very well-capitalised media organisation with the financial flexibility to navigate the rapidly-changing media environment, where our flagship titles are proven pioneers of digital and print innovation."The Scott Trust, sole shareholder in GMG, has given its approval for the proposed sale and authorised the company board to reinvest the proceeds to enable it to continue to safeguard the Guardian's editorial and financial... Continue reading at 'The Guardian'
[ The Guardian | 2014-01-21 00:00:00 UTC ]
The actress Jennifer Lawrence in a scene from the movie adaptation of "The Hunger Games." Continue reading at The New York Times
[ The New York Times | 2012-01-23 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#media decoder
#hunger games
#movie adaptation
Christian book supplier Trust Media has begun redundancy consultations with staff after a... Continue reading at The Bookseller
[ The Bookseller | 2012-01-23 00:00:00 UTC ]
More news stories like this |
The Atlantic Media Company names Kevin Delaney as editor-in-chief of its still untitled digital global business brand. Delaney brings over a decade of experience at The Wall Street Journal to this developing role. Continue reading at Folio Magazine
[ Folio Magazine | 2012-01-20 00:00:00 UTC ]
More news stories like this |
Random House is diversifying into author management with the launch of an international speakers... Continue reading at The Bookseller
[ The Bookseller | 2012-01-13 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#random house
The chairman of the Apostrophe Society has called Waterstones' dropping of its apostrophe... Continue reading at The Bookseller
[ The Bookseller | 2012-01-12 00:00:00 UTC ]
More news stories like this |
Immediate Media, the company formed out of the sale of BBC Magazines to a private equity company, has purchased You & Your Wedding and Prima Baby & Pregnancy magazines from Hearst Magazines. Continue reading at Media Week
[ Media Week | 2012-01-12 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#bbc magazines
#hearst magazines
Publishers who worry that digital ad tech is hammering their premium pricing are increasingly turning to private exchanges, where they hope a velvet rope approach will keep keep bargain buyers out. Here's a similar approach from mobile ad startup Medialets, which has created an exchange... Continue reading at AllThingsD
[ AllThingsD | 2012-01-10 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#top publishers
#premium pricing
#increasingly turning
#private exchanges
#similar approach
#smaller players
F+W Media, a Blue Ash, Ohio-based media company serving enthusiasts in about 20 verticals including antiques and collectibles, crafts, writing and horticulture, has acquired World Tea Media, organizer of the World Tea Expo. Continue reading at Folio Magazine
[ Folio Magazine | 2012-01-10 00:00:00 UTC ]
More news stories like this |
An imprint of Penguin Group USA discovered Kerry Schafer after she posted samples on Bookcountry.com, a site that lets writers share their work. Continue reading at The New York Times
[ The New York Times | 2012-01-09 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#media decoder
Penguin Children's Group has created the role of acquisitions manager for its media and... Continue reading at The Bookseller
[ The Bookseller | 2012-01-06 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#penguin children
#acquisitions manager
IPC Media magazine Marie Claire has appointed Toby Evans as publisher, from his position as associate publisher on woman's weekly title Look. Continue reading at Media Week
[ Media Week | 2012-01-06 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#associate publisher
#marie claire
Over 90% of the e-readers bought over Christmas were Kindles, according to research released... Continue reading at The Bookseller
[ The Bookseller | 2012-01-04 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#research released
Gulf state Qatar has raised its stake in Lagadere to over 10%, becoming the company's largest... Continue reading at The Bookseller
[ The Bookseller | 2011-12-30 00:00:00 UTC ]
More news stories like this |
"Goodnight iPad" is a bedtime tour of our electronic lives, mimicking the tone of the classic "Goodnight Moon." Continue reading at The New York Times
[ The New York Times | 2011-12-19 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#beloved classic
#goodnight ipad
#goodnight moon
Analysis: Amazon's admission of selling a million Kindles per week is good news for the ebook market in general. Continue reading at PC World
[ PC World | 2011-12-18 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#ebook market
F+W Media adds another property to its ever-growing portfolio, acquiring Script Magazine from Final Draft, Inc. For an undisclosed amount, F+W will now have complete ownership of Script content. Continue reading at Folio Magazine
[ Folio Magazine | 2011-12-13 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#final draft
#ever-growing portfolio
#undisclosed amount
China's biggest online book retailer E-Commerce China Dangdang plans to begin selling ebooks... Continue reading at The Bookseller
[ The Bookseller | 2011-12-12 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#sell ebooks
Semi-Homemade, the magazine of Food Network celebrity chef Sandra Lee, will no longer be published by Birmingham, Alabama-based Hoffman Media following its January/February 2012 issue. Continue reading at Folio Magazine
[ Folio Magazine | 2011-12-09 00:00:00 UTC ]
More news stories like this |
The Foyle family investment vehicle Noved Investment Holdings is selling the leasehold to the... Continue reading at The Bookseller
[ The Bookseller | 2011-12-09 00:00:00 UTC ]
More news stories like this |
Asda will begin selling the Kobo wireless e-reader for £67 this Friday (9th December). The... Continue reading at The Bookseller
[ The Bookseller | 2011-12-06 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#begin selling