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 Bologna bookstore, Giannino Stoppani, was damaged by fire in May. Sharjah World Book Capital has contributed €50,000 to assist. The post Sharjah World Book Capital Supports a Fire-Damaged Italian Bookstore appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-11-08 12:43:42 UTC ]
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Check this list and call your local comic book shop, because you need these new comics in November on your pull list. Continue reading at Book Riot
[ Book Riot | 2022-11-04 10:38:00 UTC ]
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Lo will appear in conversation with Cristina Mitra of the San Francisco Public Library. The live stream is set for Tuesday, November 1, at 1 p.m ET. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-10-28 04:00:00 UTC ]
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The intent media model has come to dominate the digital media world, and Future plc is one of its most well-known practitioners. Future's chief revenue officer, Zack Sullivan, joined Adweek media editor Lucinda Southern at Publishing Week to discuss the rise of intent media, how the pandemic... Continue reading at AdWeek
[ AdWeek | 2022-10-21 10:00:00 UTC ]
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With their comprehensive and alarming picture of Trump's presidency, Peter Baker and Susan Glasser show what journalism can do, and where it can fall short. Continue reading at The Washington Post
[ The Washington Post | 2022-09-14 21:41:17 UTC ]
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Bookstore visits and author addresses were among the primary events for booksellers attending the California Independent Booksellers Alliance's conference this year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-09-13 04:00:00 UTC ]
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Tracie D. Hall, the South L.A.-raised executive director of the American Library Association, will receive the 2022 Literarian Award. Continue reading at Los Angeles Times
[ Los Angeles Times | 2022-09-07 14:14:03 UTC ]
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At a glanceExpert's Rating ProsExcellent continuous data protection with versioningEasy, timeline browsing of backed-up filesIntegrated into WindowsBacks up user-created librariesConsEasy “Add folder” function removed from Windows 11Our VerdictWindows File History is still the easiest,... Continue reading at PC World
[ PC World | 2022-09-06 14:30:00 UTC ]
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Another month of books, another month of book covers. The hazy rainbow trend is back for August, in among a series of bold and mysterious cover treatments. Featuring a whole lot of red and some I-wish-this-was-a-poster standouts. Here are my favorite book covers of the month—as always, feel free... Continue reading at Literrary Hub
[ Literrary Hub | 2022-08-31 12:51:26 UTC ]
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New devotionals offer a spiritual balm against uncertainty, trauma, and more of today’s biggest challenges. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-08-19 04:00:00 UTC ]
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Bookclubs, a company that offers an online platform and app for book club management, has raised $1.07 million in new funding from nine investors, according to a Securities and Exchange Commission filing from July. CEO and co-founder Anna Ford said in an interview her company is continuing to... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2022-08-09 12:40:00 UTC ]
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Gentrification takes center stage in Cleyvis Natera’s debut novel Neruda on the Park, which follows the different reactions the members of the Guerrero family have to the impending redevelopment of their predominantly Dominican New York City neighborhood.When a neighboring tenement is demolished... Continue reading at Electric Literature
[ Electric Literature | 2022-07-28 11:00:00 UTC ]
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Depp’s lawyers submit documents a day after Heard challenged outcome of multimillion-dollar caseJohnny Depp has filed a notice of appeal one day after his former partner Amber Heard filed her own against the outcome of a multimillion-dollar defamation case.Documents filed on Friday in Fairfax... Continue reading at The Guardian
[ The Guardian | 2022-07-23 07:31:51 UTC ]
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France's Strasbourg is to begin its tenure as UNESCO's World Book Capital on April 23, 2024, as Accra concludes its year in the role. The post UNESCO Names Strasbourg Its World Book Capital 2024 appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-07-20 20:26:21 UTC ]
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The movie adaptation of 'Where the Crawdads Sing' hits theaters July 13, and tie-in editions join the megaselling conventional trade paperback. Plus Brian Feehan – Christine Feehan's son – joins his mom as a bestselling author, and the latest book club picks hit our lists. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-07-08 04:00:00 UTC ]
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In May 1992, we profiled several feminist bookstores across the country. Many are still in business and are providing crucial info to customers in the wake of the Supreme Court’s recent decision overturning Roe. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-07-08 04:00:00 UTC ]
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Random House buys a memoir about alcoholism and family, and Irish novelist Joseph O’Connor sells a historical trilogy to Europa. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-07-08 04:00:00 UTC ]
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The books we love coming out this week include new titles by Rafael Agustin, Antonia Angress, and Lina Wolff. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-07-08 04:00:00 UTC ]
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From ghost stories to chilling horror tales to short retellings of classic fairy tales, the short story form has often been at home to the supernatural. Below, we select and introduce ten of the very best short stories which feature some supernatural element: a ghost, a magical talisman, a... Continue reading at Interesting Literature
[ Interesting Literature | 2022-06-24 14:00:29 UTC ]
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Journalist Alan Murray places his faith in business to solve society's greatest challenges. Continue reading at The Washington Post
[ The Washington Post | 2022-06-17 12:00:22 UTC ]
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