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 ]
Quercus has acquired a non-fiction title by social media stars Jack Gilinsky and Jack Johnson, known on social media as Jack & Jack. Continue reading at The Bookseller
[ The Bookseller | 2016-06-09 00:00:00 UTC ]
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Two Christian bloggers debut on the Religion Nonfiction list, and Jan Karon claims two spots on the Fiction list, toppling longtime leader Wanda Brunstetter. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-06-08 00:00:00 UTC ]
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A Folio: Q&A with Glamour and Self publisher and chief revenue officer, Connie Anne Phillips. The post Selling Positivity: A Look Inside Condé Nast Aurora appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2016-06-03 00:00:00 UTC ]
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Self-published author Adam Croft has been snapped up for a publishing deal by Amazon imprint Thomas & Mercer after releasing what he says is the biggest-selling book by a self-published author in 2016. Continue reading at The Bookseller
[ The Bookseller | 2016-06-03 00:00:00 UTC ]
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Liza Bernard, co-owner of the Norwich Bookstore in Norwich, Vt., reported that she and her colleagues are gearing up for the summer season, when customers visit the store to stock up on books to keep their kids entertained on vacation. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-06-02 00:00:00 UTC ]
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A Canadian couple sets up shop in Edmonton; an IT expert opens a low-tech kids’ store in California; a Washington state classic changes hands; and more. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-06-01 00:00:00 UTC ]
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To provide a picture of what’s doing well in the hot-as-ever digital download arena, several publishers shared with us their top-selling digital audio titles for the year to date. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-05-27 00:00:00 UTC ]
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The In Touch Weekly publisher is the latest to bring GumGum's image-overlaying ad tech to the U.S. market. The post Bauer Media Expands GumGum Partnership appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2016-05-24 00:00:00 UTC ]
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Bookseller Waterstones is to stop selling digital books and will instead divert customers to Japanese ebook company Kobo. Continue reading at BBC World
[ BBC World | 2016-05-23 00:00:00 UTC ]
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Waterstones is well and truly getting back to basics today, as it has dropped ebooks and audiobooks from its online store. The digital libraries of Waterstones customers will remain accessible until June 13th, with Kobo taking over the following day... Continue reading at Engadget
[ Engadget | 2016-05-23 00:00:00 UTC ]
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Folio:'s Top Women in Media to take center stage June 9th. The post Celebrating the Accomplishments of Female Magazine-Media Pros appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2016-05-20 00:00:00 UTC ]
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Foreign rights to Audrey Carlan's erotica series, which was originally self-published and began topping ebook bestseller lists in the U.S. earlier this year, have now sold to a flurry of publishers around the world. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-05-20 00:00:00 UTC ]
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Is It Evil Not to Be Sure? is a collection of her journal entries from a decade ago, and will raise money for the nonprofit group Girls Write NowA surprise new book by Lena Dunham, collecting her journals from a decade ago, has sold out less than 24 hours after the writer announced its... Continue reading at The Guardian
[ The Guardian | 2016-05-18 00:00:00 UTC ]
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The winner of the "newly evolved" Man Booker International Prize 2016 is The Vegetarian by South Korean author Han Kang, translated by Deborah Smith (Portobello Books). Continue reading at The Bookseller
[ The Bookseller | 2016-05-17 00:00:00 UTC ]
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The Folio Society Limited Edition of Mort has become the fastest selling title in Folio history – selling out in 13 hours. The edition of the Terry Practhett novel, which was limited to 500 copies, went on sale for £120 a copy at midday yesterday (10th May). Continue reading at The Bookseller
[ The Bookseller | 2016-05-13 00:00:00 UTC ]
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Feel-good publisher Little Things has built an audience of 50 million users a month thanks to Facebook -- and it's profitable. CEO Joe Speiser joined the Digiday Podcast to discuss how the publisher grew out of its roots as a pet-food retailer, why he's not too worried about being overly reliant... Continue reading at Digiday
[ Digiday | 2016-05-13 00:00:00 UTC ]
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Members of the Society of Authors say current government policy on teaching children writing is destroying their enjoyment and creativity. Continue reading at The Bookseller
[ The Bookseller | 2016-05-12 00:00:00 UTC ]
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Remember the days when getting an author in the New York Times, on the Today show, Oprah, or, for us old-timers, Carson practically guaranteed a spot on the bestseller list? Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-05-12 00:00:00 UTC ]
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The recently launched Cornell Lab Publishing Group was founded to commemorate the Cornell’s Lab’s 100-year anniversary in 2015. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-05-12 00:00:00 UTC ]
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‘Unstuffed,’ a Christian take on the decluttering craze, broke the top five in Religion Nonfiction. Plus, Wanda Brunstetter’s Amish Millionaire series tops the Fiction list once again with the latest installment, ‘The Stubborn Father.’ Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-05-11 00:00:00 UTC ]
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