Is New York magazine for sale? A spokeswoman for New York Media has confirmed that the Wasserstein family is considering "investment interest and strategic opportunities" and "evaluating the market" following reports that New York magazine and its digital offshoots are up for sale. Bruce Wasserstein originally acquired the magazine for $55 million in 2003, shortly before installing Adam Moss as its editor, beginning a 15-year stretch over which New York has earned more National Magazine Awards than any other title. After Wasserstein's passing in 2009, control of the company shifted to his family, with Bruce's daughter Pam taking over as New York Media's CEO in 2016. After an initial Wall Street Journal report dropped Tuesday afternoon, CNBC obtained an internal memo from Pam Wasserstein, which it presented as confirmation that the family is indeed considering a sale of the magazine and its other properties, including the online brands The Cut and Vulture. "We very much believe in this exceptional institution; we are proud owners and would be happy to continue owning it for years to come," wrote Wasserstein in the memo, adding, "Partnering to support acquisitions or other ways of growing might make sense. Or it might not. The point is that I'm trying to make our company the best version of itself, as I know all of you are." In an email exchange with Folio:, New York Media spokeswoman Lauren Starke provided the following statement implying that the Wassersteins are at least... Continue reading at 'Folio Magazine'
[ Folio Magazine | 2018-08-15 00:00:00 UTC ]
The long-running legal tussle between Apple and Epic Games picked up another ruling, in the former’s favor, although the three-judge panel also upheld a part of the original ruling in Epic's favor. The US Ninth Circuit Court of Appeals upheld a lower court ruling, which rejected most of Epic's... Continue reading at Engadget
[ Engadget | 2023-04-25 11:16:04 UTC ]
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The COVID-19 pandemic was a sudden jolt to organizers of face-to-face events, and perhaps none more so than Informa plc, the world's largest exhibitions firm, which has been forced to cancel or postpone more than 450 live events originally scheduled for the spring and summer. But even as... Continue reading at Folio Magazine
[ Folio Magazine | 2020-05-14 17:31:50 UTC ]
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The two major educational publishers announced an all-stock merger a year ago, but ran into regulatory issues and criticism around market dominance and pricing. The post Cengage Announces a Termination of Its McGraw-Hill Merger Agreement appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-05-04 13:19:39 UTC ]
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Is New York magazine for sale? A spokeswoman for New York Media has confirmed that the Wasserstein family is considering "investment interest and strategic opportunities" and "evaluating the market" following reports that New York magazine and its digital offshoots are up for sale. Bruce... Continue reading at Folio Magazine
[ Folio Magazine | 2018-08-15 00:00:00 UTC ]
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Only one publisher, And Other Stories, has answered Kamila Shamsie’s challenge to publish only female writers this year. But wider lessons are being learned, as the novelist and other industry insiders explain2018 was meant to be the “year of publishing women”, after the novelist Kamila Shamsie... Continue reading at The Guardian
[ The Guardian | 2018-01-22 00:00:00 UTC ]
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Regulatory issues, the state of reading, and distribution questions are to figure into discussions held during Nigeria's fair next week in Lagos. The post Promising a Platform for Interaction, Nigeria International Book Fair Opens Monday appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2017-05-04 00:00:00 UTC ]
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Publishers need to work more closely with charities to ensure a greater number of books are published in fully accessible formats, the Royal National Institute of Blind People (RNIB) has said. The increase in audiobook platforms has led to a surge in the number of audiobooks produced, but... Continue reading at The Bookseller
[ The Bookseller | 2014-10-21 00:00:00 UTC ]
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TV shows and Hollywood blockbusters aren't America's only cultural exports. The book industry is also expanding overseas, according to a report released Friday by the Association of American Publishers that looks at book exports for the first time. Exports by U.S. publishers, which are dominated... Continue reading at Crains New York
[ Crains New York | 2012-05-19 00:00:00 UTC ]
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