After weeks of credible speculation and reporting, LSC Communications announced clarity around its reorganization plans, which includes filing for Chapter 11 bankruptcy with the Southern District of New York. The company was left with few option after accumulating at least $893 million in debt, and a balance sheet that saw continued declines, capped off by a 17% year-over-year drop in revenue in the fourth quarter of 2019. According to a company statement, it has “sufficient liquidity to continue operating its business,” which should have several publishers across the U.S. breathing a sigh of relief, at least for now. LSC is the largest book printer in the country, and also boasts a sizable clientele of magazines. In addition to filing for bankruptcy, the company secured $100 million in additional cash in debtor-to-possession financing from undisclosed lenders. It has also filed a number of “customary motions” to ensure it maintains business as usual and doesn’t fall behind in vendor payments. We previously reported that the failed merger with Quad/Graphics last year left LSC in a vulnerable position and that the company was closing as eight of its manufacturing plants across the country as one step forward in its plans to stabilize the organization. This was again addressed again by CEO Thomas Quinlan in today’s statement. “Since the termination of our merger… [we] have taken proactive and aggressive steps to improve our overall cost structure and streamline our... Continue reading at 'Folio Magazine'
[ Folio Magazine | 2020-04-13 15:00:01 UTC ]
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The bestselling iBooks in mystery, romance, sci-fi, biography, fiction, children & teens, and more for the week ended January 11, 2015. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-01-16 00:00:00 UTC ]
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Apple has raised its minimum app prices in the UK, Canada and European countries that use the Euro. Gigaom reports that the minimum app price is now £0.79 in the U.K, €0.99 in the EU, and $1.19 in Canada. Continue reading at The Bookseller
[ The Bookseller | 2015-01-13 00:00:00 UTC ]
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Publishing projects launched on crowd-sourcing website Kickstarter raised $21.8m (£15m) internationally in 2014, according to the company’s end-of-year round-up. Last year, 22,252 Kickstarter projects reached their funding goals thanks to $529m of pledges from 3.3m backers. Continue reading at The Bookseller
[ The Bookseller | 2015-01-07 00:00:00 UTC ]
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E-book subscription service Scribd has raised $22m in new funding, according to reports. Continue reading at The Bookseller
[ The Bookseller | 2015-01-06 00:00:00 UTC ]
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With $22 million in new funding, Scribd will boost its ebook subscription business by acquiring new content, and growing internationally. The post Scribd Raises $22 Million to Bolster Ebook Subscription Biz appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2015-01-06 00:00:00 UTC ]
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Digital comics often come in the form of comic book archives, typically JPGs stored in a single archive file (cbz = zip, cbr = rar, and so on). You might think these simple compressed formats would already produce the smallest possible files, but no -- the free CbxConverter can resample images... Continue reading at Betanews
[ Betanews | 2014-12-16 00:00:00 UTC ]
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Another week, another digital media company with a big funding round.Woven Digital has raised $18 million in the company's second funding round since its 2010 launch. Woven intends to use the funding money to add more people to its ad sales and editorial teams, grow its video business into... Continue reading at Advertising Age
[ Advertising Age | 2014-12-11 00:00:00 UTC ]
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It may be very old, but Microsoft's Compiled HTML Help (CHM) is still a common format for software documentation, as well as the occasional ebook. Windows has a standard HTML Help viewer which should be able to display most files, but it’s a little fragile (just search the web for "regsvr32... Continue reading at Betanews
[ Betanews | 2014-12-10 00:00:00 UTC ]
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By David Saabye Sometimes it's the little ideas that make a big difference. Magazine publishers have focused on many "big" ideas in recent decades, which have manifested in such projects as News Corp.'s The Daily... Continue reading at Publishing Executive
[ Publishing Executive | 2014-12-02 00:00:00 UTC ]
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Two music publishers - BMG Rights Management LLC and Round Hill Music LP – have sued Atlanta-based Cox Communications Inc., claiming that Cox deliberately turns a blind eye to illegal downloading by its subscribers. BMG and Round Hill, each of which controls the publishing rights to a number of... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2014-11-28 00:00:00 UTC ]
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Fiona Allen has been appointed as the new communications director for HarperCollins Publishers UK, following Susanna Frayn’s decision to step down after 13 years with the company. Allen worked for Waterstones for eight years, most recently as head of brand communications, and will start her new... Continue reading at The Bookseller
[ The Bookseller | 2014-11-13 00:00:00 UTC ]
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In this week's roundup of books generating interest around the globe, an Italian bestseller about a talented perfumer picks up heat; a Spanish novel about an Oxford professor drawn into a murder investigation picks up multiple foreign sales; and more. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-11-10 00:00:00 UTC ]
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Faced with a difficult comparison to last year's third quarter, sales at Simon & Schuster fell 11% in the third period ended September 30, 2014, compared to the same period last year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-11-06 00:00:00 UTC ]
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Over the past 65 years, the Folio Society, a London-based publisher, has released nearly 2,000 titles, most artfully designed, updated reissues of modern classics and works from the canon with an emphasis on packaging, typography, and illustration. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-10-31 00:00:00 UTC ]
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Eighty-nine percent of respondents to PW’s recently concluded salary survey identified themselves as white—a finding that, while hardly surprising, underscores the challenges the industry faces in producing books that appeal to minorities. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-10-10 00:00:00 UTC ]
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The mobile advertising boom is more apparent than ever and publishers are now recognizing the success of custom and native ad strategies on mobile. Continue reading at Folio Magazine
[ Folio Magazine | 2014-10-08 00:00:00 UTC ]
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Hardback titles by the likes of John Cleese and Jacqueline Wilson go on sale in race for Christmas bestseller listsTim Walker is expecting queues outside his familys bookshops in Oakham and Stamford on Thursday. Other booksellers up and down the country will be hoping for a similar rush of eager... Continue reading at The Guardian
[ The Guardian | 2014-10-06 00:00:00 UTC ]
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Booksellers have met with European Commission officials to discuss their concerns that Amazon holds a monopoly in the online book market. The booksellers urged the Commission to make sure that consumers will have a rich and diversified online book offering, said Françoise Dubruille, director of... Continue reading at PC World
[ PC World | 2014-10-02 00:00:00 UTC ]
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#retail channels
Erotic romance publisher Ellora’s Cave has filed suit in Summit County, Ohio, against Jennifer Gerrish-Lampe, aka Jane Litte, and her blog Dear Author, claiming libel and defamation and asking for "no less than" $25,000 in damages. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-09-29 00:00:00 UTC ]
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A mood of optimism marked the Bookseller Childrens Conference, with sales up 10% and editors pronouncing themselves keen to experiment and push the digital envelopeThe Purcell Room on Londons South Bank was awash with positivity on Thursday, as the Bookseller Childrens Conference celebrated a... Continue reading at The Guardian
[ The Guardian | 2014-09-26 00:00:00 UTC ]
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