News Corp. said it is evaluating options for its News America Marketing business that could include a sale, which would leave the publisher of the Wall Street Journal and New York Post more purely focused on media while removing what’s been a troubled unit. The review of News America, which offers in-store marketing and shopper circulars, “will result in enhanced shareholder value, as we seek to streamline our company, with the aim of greater transparency and profitability,” News Corp. Chief Executive Officer Robert Thomson said in a statement. Media-focused investment bank Allen & Co. is advising on the process. News America has been something of an albatross for News Corp. in recent years. The company recognized noncash impairment charges totaling $165 million related to News America in the quarter ended March 2018, and the unit was the subject of a lawsuit by consumer brands that led to a $250 million settlement in 2016. The marketing unit is also suffering from a version of the same ailment afflicting News Corp.’s print-media properties: declining circulation. Revenue at News America dropped 7 percent in the nine months ended March 31, with the company mainly citing lower home-delivered revenue amid a drop in volume. News Corp. shares rose as much as 2.7 percent to $12.57 in New York trading Tuesday. The stock is up more than 10 percent so far this year, though down 22 percent in the past 12 months. —Bloomberg News Continue reading at 'Advertising Age'
[ Advertising Age | 2019-06-18 20:05:16 UTC ]
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PEN's new report shows that book bans continue to rise and continue to target books by or about queer people and people of color. Continue reading at Book Riot
[ Book Riot | 2024-04-16 12:05:00 UTC ]
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The report, 'Banned in the USA: Narrating the Crisis,' reports 4,349 book bans recorded from July to December 2023, with more book bans recorded during the first half of the current school year than in all of the last school year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-04-16 04:00:00 UTC ]
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In the debut novel “The Band,” a burned-out pop idol meets a disillusioned professor, raising the question: What if the dangers of fame resemble white-collar ennui? Continue reading at The New York Times
[ The New York Times | 2024-04-13 09:02:30 UTC ]
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Marilynne Robinson’s Reading Genesis, Tessa Hulls’ Feeding Ghosts, and Kristine S. Ervin’s Rabbit Heart all feature among the best reviewed fiction titles of the month Brought to you by Book Marks, Lit Hub’s home for book reviews. * 1. Reading Genesis by Marilynne Robinson (Farrar, Straus and... Continue reading at Literrary Hub
[ Literrary Hub | 2024-03-29 08:55:59 UTC ]
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A proposal in ongoing contract negotiations between PEN America management and PEN America United, its staff union, has led to charges by the union that the organization’s leadership is trying to stifle union members’ free speech rights—an assertion PEN management firmly disputes. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-03-28 04:00:00 UTC ]
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Vinson Cunningham’s impressive debut novel finds a watchful campaign aide measuring his ambitions on the trail of a magnetic presidential candidate. Continue reading at The New York Times
[ The New York Times | 2024-03-12 09:00:38 UTC ]
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In Andrew Boryga’s debut novel, a young writer creates a career for himself by exaggerating, or sometimes completely manufacturing, stories of tragedy. Continue reading at The New York Times
[ The New York Times | 2024-03-09 10:00:20 UTC ]
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Britain’s youngest code-breakers, brought to life in a new nonfiction book by Candace Fleming, were normal teenagers: playing pranks, attending dances. Continue reading at The New York Times
[ The New York Times | 2024-03-08 10:01:52 UTC ]
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Revenue in 12 of 16 overseas book markets rose last year, even as unit sales fell, according to a new joint report from Nielsen/GFK Entertainment. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-03-08 05:00:00 UTC ]
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The first outing for this Nielsen BookData-GfK study sees revenue up in many book markets, but rising prices contributing to that 2023 trend. The post Nielsen-GfK’s Pre-LBF ‘Global Book Market’ Report appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2024-03-07 18:44:01 UTC ]
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In his eighth book, the best-selling author Cal Newport offers life hacks for producing high-quality work while working less. Continue reading at The New York Times
[ The New York Times | 2024-03-06 10:03:11 UTC ]
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Chronicling the high-heeled path to drag-queen superstardom, the new memoir also reveals a celebrity infatuated with his sense of a special destiny. Continue reading at The New York Times
[ The New York Times | 2024-03-05 10:00:18 UTC ]
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A developer is betting that people will pay top dollar for up-close views of one of the city’s most unloved sites: AT&T’s Long Lines Building in Tribeca, a windowless, 29-story hulk from the 1970s that routinely makes lists of New Yorkers’ least-favorite buildings.The plan, which was put... Continue reading at Crains New York
[ Crains New York | 2024-03-04 18:30:46 UTC ]
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In the audiobook oral history “Surely You Can’t Be Serious: The True Story of ‘Airplane!,’” a cast of dozens fondly revisits a now-classic film. Continue reading at The New York Times
[ The New York Times | 2024-03-01 14:12:30 UTC ]
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In early April, the Facebook News tab will start disappearing for users in the US and Australia. Meta has announced that it's deprecating the dedicated tab found in the bookmarks section of its social network as part of its efforts to "align [its] investments to [its] products and services... Continue reading at Engadget
[ Engadget | 2024-03-01 08:27:50 UTC ]
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“A Woman of Pleasure,” Kiyoko Murata’s first novel to be translated into English, explores the world of sex work in early-20th-century Japan. Continue reading at The New York Times
[ The New York Times | 2024-02-26 10:00:14 UTC ]
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Comics retailers, publishers, and distributors discussed a changing distribution landscape, a new metadata system for publishers and retailers, and more at the annual retailer meeting, held February 22–24. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-02-26 05:00:00 UTC ]
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