Weeks after issuing an earnings that report that revealed the company lost $295 million last year, publication printer LSC Communications is preparing to file for Chapter 11 bankruptcy, Bloomberg reports, citing "people with knowledge of the plans." The news comes less than a year after the company called off a proposed merger with its chief competitor, Quad/Graphics, following a Justice Department challenge on antitrust grounds. Since then, LSC, the nation's largest book printer in terms of market share, has looked to reduce its position in magazine and catalog printing, closing or planning to close eight manufacturing plants in order to narrow its focus on its books business. Quad/Graphics, meanwhile, has been moving in the opposite direction, as the pseudonymous writer D. Eadward Tree points out, seemingly creating two separate lanes in which the companies can maintain dominant positions unimpeded. More immediately concerning for LSC is the need to reconcile its $893 million in debt against diminishing revenues, which declined 17% year-over-year in the fourth quarter of 2019 to $778 million. Concurrent with the earnings report on March 2, LSC announced that as of December 31, 2019, it fell into noncompliance with its financial covenants, essentially in danger of defaulting on its loans because its debt-to-equity ratio now exceeds the maximum level permitted in its agreements with lenders. The company says it's reached a forbearance agreement with its lenders,... Continue reading at 'Folio Magazine'
[ Folio Magazine | 2020-03-25 18:34:08 UTC ]
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Publishing company News Corp. said its finances are in good shape and that it would begin paying investors a semiannual cash dividend. Continue reading at Los Angeles Times
[ Los Angeles Times | 2015-06-18 00:00:00 UTC ]
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Deals on Picador Classics, exclusive editions published by Macmillan and money off Hachette Children’s Books series are among the promotions being offered to indies in celebration of Independent Bookshop Week (IBW). Continue reading at The Bookseller
[ The Bookseller | 2015-05-09 00:00:00 UTC ]
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Over 7,000 people have volunteered to donate one of a shortlist of 20 books to the 35% of the population who are not regular readersA quarter of a million books are due to find new homes tonight, as thousands of book-lovers hit the streets to give away their favourite titles as part of World... Continue reading at The Guardian
[ The Guardian | 2015-04-23 00:00:00 UTC ]
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No Exit Press has acquired the latest thriller by Jason Starr, his 10th crime novel and his first for six years. Managing director Ion Mills bought UK and Commonwealth rights excluding Canada direct from the author. Set in the suburbs of New York City, Savage Lane is said to be a thriller that... Continue reading at The Bookseller
[ The Bookseller | 2015-04-22 00:00:00 UTC ]
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Publishers need to communicate better with authors, pay them more and utilise writers’ skills to market books, but most writers would still choose to be published traditionally, a survey has found. The Do You Love Your Publisher? survey, co-produced by authors Harry Bingham (in the UK) and Jane... Continue reading at The Bookseller
[ The Bookseller | 2015-04-10 00:00:00 UTC ]
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The company, along with a network of other entities, is accused of charging as much as twice the regular subscription price and pocketing the difference. The post Multi-State Lawsuit Filed Against Orbital Publishing Group appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2015-04-02 00:00:00 UTC ]
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The Family Christian Stores bankruptcy drama continues to reverberate across the Christian publishing world. Some publishers owed money by FCS are holding back royalty payments, to try to forestall their own financial hiccups. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-03-24 00:00:00 UTC ]
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Sceptre has signed a historical novel from broadcaster Melvyn Bragg, set in the Peasants' Revolt of 1381. Now is the Time is Bragg's first historical novel since Credo was published by Sceptre in 1996. The book follows the key players of the revolt, including Wat Tyler, Jack Straw, priest John... Continue reading at The Bookseller
[ The Bookseller | 2015-02-27 00:00:00 UTC ]
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At the February 17 Family Christian Stores bankruptcy hearing in Grand Rapids, Mich., attorneys representing a number of Christian publishers--who are among the creditors owed a total of $40 million--were in attendance. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-02-18 00:00:00 UTC ]
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Office, PDFs, ebooks, archives, audio, video, images: the average PC owner regularly encounters a lengthy list of file formats, and viewing them all typically requires an entire library of software. Free Editor claims it can simplify all that by opening 70-plus file formats from a single... Continue reading at Betanews
[ Betanews | 2015-02-05 00:00:00 UTC ]
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Ever get stuck at the bar waiting for your friends to show up? That’s when I usually whip out my tablet and start catching up on reading. And since Google Play Books lets me upload PDFs and ebooks I’ve purchased elsewhere, I’ve always got something new to read on hand.It’s easy to get your own... Continue reading at PC World
[ PC World | 2015-01-28 00:00:00 UTC ]
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Proposals to change Ordnance Survey from a Trading Fund into a government-owned company [GovCo], which will enable it to introduce more products and services and to grow more quickly, have moved one step closer. This week Matthew Hancock, minister of state for business, enterprise and energy,... Continue reading at The Bookseller
[ The Bookseller | 2015-01-24 00:00:00 UTC ]
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Mimi Turner appointed marketing director of ‘lad culture’ website, which says ithas 17 million followers on social mediaTalk about frying pan and fire. Mimi Turner, Richard Desmond’s former communications chief at Northern & Shell, has tipped up at the publisher of controversial website The... Continue reading at The Guardian
[ The Guardian | 2015-01-21 00:00:00 UTC ]
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With 1bn views a day, the social network says that its users are now seeing nearly four times more videos in their news feeds than a year agoYouTube may be the king of online video with more than one billion monthly viewers, but Facebook is aiming to knock Google’s service off its perch in... Continue reading at The Guardian
[ The Guardian | 2015-01-08 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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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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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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