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 ]
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Tribune Publishing Company (NASDAQ: TPCO), one of the nation’s leading media companies, today announced that funds managed by Alden Global Continue reading at Editor & Publisher
[ Editor & Publisher | 2019-11-20 15:37:42 UTC ]
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A new subscription service offering monthly deliveries of black children's literature has been launched in response to the lack of children’s books in the UK featuring BAME characters. Continue reading at The Bookseller
[ The Bookseller | 2019-11-17 16:01:04 UTC ]
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Digital media company Minute Media is in talks to buy the Players’ Tribune, a website started by former baseball star Derek Jeter, according to people familiar with the matter. While the companies... To view the full story, click the title link. Continue reading at Crains New York
[ Crains New York | 2019-11-07 10:57:10 UTC ]
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It’s clear that the publishing world needs more diversity. Why do some see this as compromising quality?Let me tell you a story. A few years ago, months after this riven old island voted to leave the European Union, and days after an ex-reality TV host became the leader of the free world, a... Continue reading at The Guardian
[ The Guardian | 2019-10-11 15:37:44 UTC ]
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The local news publisher is betting that a non-profit partnership model pioneered by The Seattle Times can rally community support for its reporting and power digital subscriber growth. The post McClatchy tries nonprofit funding for education coverage appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2019-10-02 04:00:05 UTC ]
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The actor, stand-up comic, and children’s book author invites readers into her head with a collection of “little weirds.” Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-08-23 04:00:00 UTC ]
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Hodder & Stoughton has joined forces with digital platform Serial Box to publish an original psychological thriller by a team of women crime writers helmed and hand-picked by Sophie Hannah. Continue reading at The Bookseller
[ The Bookseller | 2019-07-29 06:07:59 UTC ]
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Bookcase Literary Agency is handling international rights sales for Serial Box–which has an 'Orphan Black' series coming–and Amazon's 'Best So Far' 2019 list is out for summer reading. The post Industry Notes: Serial Box’s Foreign Rights and Amazon’s Summer Reading List appeared first on... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-06-20 03:26:28 UTC ]
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Bookcase Literary Agency is handling international rights sales for Serial Box–which has an ‘Orphan Black’ series coming–and Amazon’s ‘Best So Far’ 2019 list is out for summer reading. By Porter Anderson, Editor-in-Chief | @Porter_Anderson Serial Box: New “Orphan Black’ Content Coming iterary... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-06-20 03:26:28 UTC ]
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Welcome to Ad Age’s Wake-Up Call, our daily roundup of advertising, marketing, media and digital news. You can get an audio version of this briefing on your Alexa device; sign up here. What people are talking about today We're still pondering this mystery: What exactly prompted Kim Kardashian... Continue reading at Advertising Age
[ Advertising Age | 2019-05-22 10:00:00 UTC ]
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Puffin has launched its first ever subscription box service with boxes for children aged three to five-years-old. Continue reading at The Bookseller
[ The Bookseller | 2019-05-21 05:36:25 UTC ]
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The Digital Content NewFronts have always been a smorgasbord of little-known startups, mixed among the publishing stalwarts, searching for their big breaks the one time of year the whole industry is paying attention. But this year, it’s not the little guys with their internet-friendly names... Continue reading at Advertising Age
[ Advertising Age | 2019-04-27 00:00:00 UTC ]
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Shazam!’s counterintuitive path to popularity is an object lesson in pursuing originality in a universe dominated with world-building The success of Warner Bros.’ latest superhero movie Shazam!, which took the No. 1 spot at the box office last weekend and has had critics swooning–it has a... Continue reading at Fast Company
[ Fast Company | 2019-04-09 00:00:00 UTC ]
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In his newest work of graphic nonfiction, cartoonist Box Brown turns to the history and cultural impact of marijuana in 'Cannabis: The Illegalization of Weed in America,' which was published April 2 by First Second. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-04-02 00:00:00 UTC ]
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Google News Initiative, the search-engine giant's program to work with publishers in the media industry, teamed up with newspaper publisher McClatchy on an initiative to bring local news coverage to three small and midsized communities in the U.S. that are currently lacking local sources of news... Continue reading at AdWeek
[ AdWeek | 2019-03-27 00:00:00 UTC ]
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In 'Cannabis: The Illegalization of Weed in America' (First Second, April), Box Brown surveys the history of marijuana and provides an illuminating look at the racist social stigmatization, pharmacological affects and legalization movement surrounding marijuana in North America. A 15-page excerpt. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-03-19 00:00:00 UTC ]
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The athlete-centric sports publisher has laid off eight employees as the business undergoes a strategic shift. The post Bad week for digital media: The Players’ Tribune lays off eight appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2019-01-26 00:00:00 UTC ]
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Just behind 'Becoming' is Josh Malerman's 'Bird Box,' which saw a significant sales bump thanks to the recent Netflix adaptation. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-01-02 00:00:00 UTC ]
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Michigan-based author Josh Malerman's debut novel 'Bird Box' is a Christmas release from Netflix in its Universal Pictures production directed by Denmark's Susanne Bier and starring Sandra Bullock. The post Books to Film: Josh Malerman’s ‘Bird Box’ on Netflix appeared first on Publishing... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-12-25 00:00:00 UTC ]
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Warner Bros.' "Fantastic Beasts: The Crimes of Grindelwald" met expectations in winning the box office this weekend, opening in first place with $62.2 million, according to figures from measurement firm Comscore. The "Harry Potter" prequel, a follow-up to 2016's "Fantastic Beasts and Where to... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-11-19 00:00:00 UTC ]
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