American Media Inc. is selling the National Enquirer to Hudson News Deputy Chairman James Cohen, according to The Washington Post, letting the embattled publisher jettison the tabloid after being accused of trying to blackmail the world’s richest man. Cohen will pay $100 million for the Enquirer, the Post reports, citing unnamed people familiar with the matter. The sale also includes American Media’s other tabloids: the Globe and National Examiner. Cohen is part of the family that founded Hudson News, a chain of newsstands famous for their airport locations, and he previously ran it. American Media announced this month that it was putting the 93-year-old tabloid up for sale, following the accusations leveled by Amazon founder Jeff Bezos. The publication was also accused of killing embarrassing stories about President Donald Trump. Billionaire Ron Burkle had been rumored to be interested in buying the National Enquirer, potentially putting a high-profile Democratic Party donor in charge of a tabloid that’s been friendly to Trump. But a representative for the investor said he didn’t want to buy the troubled newspaper. The sale to Cohen should ease the pressure on American Media, CEO David Pecker and the publisher’s hedge-fund backers. Chatham Asset Management is the principal owner of the company and two of the firm’s executives serve on its board. Leon Cooperman, a billionaire hedge fund manager, has said that his stake is relatively small. Chatham, run by Anthony... Continue reading at 'Advertising Age'
[ Advertising Age | 2019-04-19 00:00:00 UTC ]
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Michelle Obama's publisher said that her book "Becoming" has sold almost 10 million copies and could be the most successful memoir in history, Bloomberg reported Tuesday. The success of the former first lady's book helped German media company Bertelsmann SE, which owns American mega-publisher... Continue reading at Los Angeles Times
[ Los Angeles Times | 2019-03-26 00:00:00 UTC ]
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A former top National Enquirer editor is writing a book about President Donald Trump’s love life. Barry Levine, who was executive editor of the tabloid until he left in 2016, is writing the book about “Trump and his women” for Hachette, reveals the New York Post’s Page Six. It remains an open... Continue reading at Slate
[ Slate | 2018-11-23 00:00:00 UTC ]
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Meredith Corp. agreed to sell Fortune magazine and its related businesses for $150 million, furthering the company's efforts to shed the news-focused brands it acquired in buying Time Inc. The buyer is Thai businessman Chatchaval Jiaravanon, an owner of the Charoen Pokphand Group conglomerate,... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-11-09 00:00:00 UTC ]
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Scott Boras waited for the moment for more than six years, from the time Bryce Harper made his major league debut at Dodger Stadium in April 2012, and came prepared to sell his superstar client to the mob of reporters surrounding him Wednesday afternoon at the general managers meetings. “Well,... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-11-08 00:00:00 UTC ]
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After 45 years in retail, Booksource has no regrets about shifting its wholesale business to schools and libraries. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-11-02 00:00:00 UTC ]
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Michael Ondaatje speaks Sunday after winning the Golden Man Booker Prize for his novel "The English Patient" at the Royal Festival Hall in London. Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-07-09 00:00:00 UTC ]
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Dan Brown’s Origin (Bantam) has cracked the code to the UK Official Top 50 number one spot, selling 100,095 copies for £1m according to Nielsen BookScan’s Total Consumer Market. Continue reading at The Bookseller
[ The Bookseller | 2017-10-11 00:00:00 UTC ]
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Could Derek Jeter do for the Miami Marlins what Magic Johnson did for the Dodgers? A group led by Jeter and former Florida Gov. Jeb Bush have won the bidding for the Miami Marlins, Bloomberg reported Tuesday. Neither the Marlins nor Major League Baseball would comment on the report. If the... Continue reading at Los Angeles Times
[ Los Angeles Times | 2017-04-26 00:00:00 UTC ]
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For venture-backed digital publishers, getting to $100 million in annual revenue is the holy grail, but one few will achieve. The post The $100 million wall: Digital media’s scale struggles appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2017-03-27 00:00:00 UTC ]
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Since its launch in 2009, Kickstarter has raised over $100 million for publishing projects, $21 million of which was raised last year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-02-03 00:00:00 UTC ]
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The digital media industry is facing an extremely competitive revenue landscape. In times like this, it's sometimes better to link arms with other, similar, companies, backed by an even bigger, more profitable company.Discovery Communications on Thursday announced a $100 million minority... Continue reading at Advertising Age
[ Advertising Age | 2016-10-13 00:00:00 UTC ]
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West Hollywood firm Engage:BDR Inc. uses its technology to place ads in front of half a billion people each month. But none of those ads appear on websites it owns. Though that's common for ad technology companies, Engage Chief Executive Ted Dhanik no longer sees that as a viable strategy. On... Continue reading at Los Angeles Times
[ Los Angeles Times | 2016-08-30 00:00:00 UTC ]
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Spanish-language broadcaster Univision has bought Gawker Media in an auction for $135 million. That's according to a person familiar with the matter who asked not to be identified because the deal had not been formally announced. The online gossip and news publisher was put on the block in the... Continue reading at Baltimore Sun
[ Baltimore Sun | 2016-08-17 00:00:00 UTC ]
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Harry Potter and the Cursed Child (Little, Brown) has once again taken the Official Top 50 number one spot, with 168,389 copies sold for £1.86m in its second week on sale. Continue reading at The Bookseller
[ The Bookseller | 2016-08-17 00:00:00 UTC ]
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Bonnier Publishing, the English-language book publishing division of Sweden’s Bonnier Group, has formed Bonnier Publishing USA. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-08-09 00:00:00 UTC ]
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After five years of writing, how did Emma Healey’s Elizabeth is Missing go on to become a bestseller? Amy Lankester-Owen finds out. Continue reading at The Bookseller
[ The Bookseller | 2016-03-03 00:00:00 UTC ]
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Video views versus video engagement: Which is more valuable? BuzzFeed's publisher weighs in.Back in October, BuzzFeed reported that it had crossed five billion monthly content views—a number that encompassed not just BuzzFeed's site and apps, but also the swaths of content it publishes directly... Continue reading at Fast Company
[ Fast Company | 2016-02-19 00:00:00 UTC ]
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Fact of the day: USC's JuJu Smith-Schuster ranks sixth nationally among receivers, averaging 110 receiving yards per game. He has caught 68 passes, 10 for touchdowns. In The Times: Clay Helton's ability to keep USC on even keel has early beginnings John McKay and Tommy Prothro took USC-UCLA... Continue reading at Los Angeles Times
[ Los Angeles Times | 2015-11-27 00:00:00 UTC ]
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Scholastic reported revenue of $1.63 billion in the fiscal year ended May 31, 2015. The company reported earnings from continuing operations of $15.5 million, compared to $13.3 million in fiscal 2014. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-07-23 00:00:00 UTC ]
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Tim Duncan claims he lost more than $20 million to a dishonest financial advisor, according to a report in Bloomberg Business. Continue reading at Los Angeles Times
[ Los Angeles Times | 2015-06-18 00:00:00 UTC ]
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