On Thursday, McClatchy—the publicly-traded owner of 30 local newspapers, including the Miami Herald, the Charlotte Observer, and the Kansas City Star—filed for bankruptcy. The company will continue to operate, but is seeking relief from debt and pension obligations; if that goes to plan, it’ll pass into the control of Chatham Asset Management, a hedge fund which is already McClatchy’s top creditor, and which also owns the Canadian publishing giant Postmedia and the parent company of the National Enquirer. On Friday, McClatchy’s DC bureau reported that a federal pensions agency has concerns about a 2018 transaction between McClatchy and Chatham that could put the brakes on the bankruptcy process. Still, McClatchy—which has been family-controlled since the aftermath of the California Gold Rush—looks likely to end up in the hands of the 21st-century prospectors who increasingly own the local-news business. Local-news-watchers have traced McClatchy’s present plight to its decision, in 2006, to buy Knight Ridder, then America’s second-biggest newspaper company, in a deal worth $4.5 billion. (Yes, with a “b.”) The deal burdened McClatchy with debt, and since it was struck, ad revenue and print-circulation figures have cratered. A recent hike in digital subscriptions has offered some respite; still, between the Knight Ridder acquisition and the middle of last year, McClatchy cut nearly 60 percent of its operating expenses and more than 80 percent of its full-time staff,... Continue reading at 'Columbia Journalism Review'
[ Columbia Journalism Review | 2020-02-17 13:11:10 UTC ]
News tagged with:
#big publisher
#canadian publishing
On Thursday, McClatchy—the publicly-traded owner of 30 local newspapers, including the Miami Herald, the Charlotte Observer, and the Kansas City Star—filed for bankruptcy. The company will continue to operate, but is seeking relief from debt and pension obligations; if that goes to plan, it’ll... Continue reading at Columbia Journalism Review
[ Columbia Journalism Review | 2020-02-17 13:11:10 UTC ]
More news stories like this | News stories tagged with:
#canadian publishing
#big publisher
Tribune Publishing Co. has terminated negotiations to sell itself to fellow newspaper company McClatchy Co., a person familiar with the matter said Thursday. The decision, reached by the Tribune Publishing board Thursday, followed several months of negotiations with McClatchy. The source said... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-12-14 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#person familiar
#tribune publishing
Investment firm Donerail Group and newspaper publishers McClatchy Co. and AIM Media have submitted bids for Tribune Publishing Co., according to people familiar with the matter. Tribune’s board is scheduled to meet early next week after bids for the assets came due Thursday, said the people, who... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-11-03 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#tribune publishing
#people familiar
Tribune Company has announced a rebranding as Tribune Media Company, following news yesterday that the company would spin off its troubled print publications into Tribune Publishing. The rebranding reflects Tribune's shift from print publication to content, broadcast distribution and digital. ... Continue reading at AdWeek
[ AdWeek | 2014-08-04 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#media properties
#launched today
#wgn radio
Todd Phillips' sequel Joker: Folie a Deux bombed in its box-office debut with an estimated domestic opening of $40 million, well behind expectations, after becoming the the first Hollywood comic book movie in history to earn a D CinemaScore from audiences. (THR / Heat... Continue reading at AdWeek
[ AdWeek | 2024-10-07 12:00:00 UTC ]
More news stories like this | News stories tagged with:
#comic book
#$40 million
The metal boxes, used formerly as newspaper receptacles, house Naloxone free of charge. For decades, Jeff Card’s family company was known for manufacturing the once ubiquitous tin boxes where people could buy newspapers on the street.Today, reach into one of his containers and you may find... Continue reading at Fast Company
[ Fast Company | 2024-09-26 14:21:28 UTC ]
More news stories like this | News stories tagged with:
#libraries
#west virginia
#health care
#vending machines
Rita Bullwinkel’s debut novel Headshot takes place in the confines of a boxing ring in Reno, Nevada, over two days of championship matches to determine the winner of the 12th Annual Women’s 18 & Under Daughters of America Cup. Her protagonists, eight teenage girls, fight each other in a... Continue reading at Electric Literature
[ Electric Literature | 2024-03-13 11:00:00 UTC ]
More news stories like this | News stories tagged with:
#debut novel
#electric literature
#rita bullwinkel
#teenage girls
The R-rated comedy opened to a fifth place showing this weekend, while the comic book movie “Blue Beetle” came in at No. 1. Both were hurt by the actors’ strike. Continue reading at The New York Times
[ The New York Times | 2023-08-20 17:07:08 UTC ]
More news stories like this | News stories tagged with:
#comic book
#box office
Alison L. Strayer is an award-winning writer and translator. Her work has been shortlisted twice for the Governor’s General Award for Literature and for Translation. Her translation of Annie Ernaux’s The Years was shortlisted for the Man Booker International Prize in 2019 and won the... Continue reading at Literrary Hub
[ Literrary Hub | 2023-04-19 08:59:35 UTC ]
More news stories like this | News stories tagged with:
#man booker international prize
#nonfiction category
#award-winning writer
#big-box stores
Jack in the Box has never been subtle about its ties to cannabis culture, from its Munchie Meals and Wakey Bakey Hash to its past collaboration with Snoop Dogg's digital media platform Merry Jane. The Southern California-based chain also aired a notorious ad in the mid-2000s featuring a clearly... Continue reading at AdWeek
[ AdWeek | 2023-04-14 12:00:00 UTC ]
More news stories like this | News stories tagged with:
#digital media
#snoop dogg
Musicians and studios put loads of time and money into special edition commemorative releases, most of which will never be experienced by listeners. From The Velvet Underground to Joni Mitchell, it seems everyone is rolling out a special edition box set these days. Just look at the last few... Continue reading at Fast Company
[ Fast Company | 2023-01-28 03:00:00 UTC ]
More news stories like this | News stories tagged with:
#hardcover book
#early november
#joni mitchell
With schools and libraries under increasing political pressure, Kathy Zappitello, director of the Conneaut Public Library and the 2022 President of the Association of Rural and Small Libraries, is standing up by standing for public office. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-08-26 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#libraries
#ballot box
#book banner
Book Reviews Photo by Aideal Hwa / Unsplash If reading Adam Wiśniewski-Snerg’s Robot (Penguin Classics, 2021), translated by Tomasz Mirkowicz, makes you think about Stanislaw Lem’s work, you’re not alone. Indeed, both Robot and Lem’s His Master’s... Continue reading at World Literature Today
[ World Literature Today | 2021-11-10 20:14:00 UTC ]
More news stories like this | News stories tagged with:
#science fiction
#food chain
With consumers now insisting businesses do the heavy lifting for sustainability, this is the time for firms to really analyse their green credentials Continue reading at The Bookseller
[ The Bookseller | 2021-10-14 23:26:07 UTC ]
More news stories like this | News stories tagged with:
#heavy lifting
Book subscription box OwlCrate has reversed their decision to no longer carry Harry Potter merchandise due to JK Rowling's transphobia. Continue reading at Book Riot
[ Book Riot | 2021-08-11 17:30:59 UTC ]
More news stories like this | News stories tagged with:
#harry potter
#jk rowling
A children’s book subscription company says its sales have surged after actor and political activist Laurence Fox berated it online. Continue reading at The Bookseller
[ The Bookseller | 2021-06-08 08:15:22 UTC ]
More news stories like this | News stories tagged with:
#children’s book
The fledgling full-length fiction imprint of M.J. Rose and friends' Evil Eye Concepts is spreading its wings, with social media word-of-mouth driving remarkably strong sales for a new fantasy series by Jennifer L. Armenstrout. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-05-21 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#fiction imprint
#fantasy series
#big hit
Brad Stone recounts the company’s expansion, in which retail is almost a side note. Continue reading at The Washington Post
[ The Washington Post | 2021-05-07 12:00:00 UTC ]
More news stories like this |
We've rounded up a list of history book subscription boxes and services so that you can find the perfect box that will help you dive into the past. Continue reading at Book Riot
[ Book Riot | 2021-04-29 10:35:00 UTC ]
More news stories like this | News stories tagged with:
#history book
#ve rounded
The Folio Society‘s latest publication is a massive edition of all 118 of Philip K. Dick’s short stories, presented in this shockingly bright four-volume set. Their edition of The Complete Short Stories was designed by independent studio La Boca and includes original artworks commissioned from... Continue reading at Literrary Hub
[ Literrary Hub | 2021-04-06 18:04:35 UTC ]
More news stories like this | News stories tagged with:
#short stories
#folio society