News Corp. reviews its options for News America marketing unit

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 ]
News tagged with: #greater transparency #consumer brands #—bloomberg news #news corp

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AAP: Six Charts on the US Book Market, 2017 to 2021

Following record book sales in the US in 2021, we review five years of book market data collected by the Association of American Publishers. The post AAP: Six Charts on the US Book Market, 2017 to 2021 appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2022-11-03 15:12:27 UTC ]
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Review: ‘The Year of Magical Thinking’ Gets Joan Didion’s Intention Just Right

A play based on the writer’s memoir about the death of her husband, in its first New York revival, goes small to powerful effect. Continue reading at The New York Times

[ The New York Times | 2022-11-02 23:00:05 UTC ]
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Book Review: ‘Shuna’s Journey,’ by Hayao Miyazaki

First published in Japan in 1983, this picture book from the fabled animator is eerie, enchanting and surpassingly strange. Continue reading at The New York Times

[ The New York Times | 2022-11-02 09:00:16 UTC ]
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Review: The biggest, most intricately ambitious little story you'll read this year

Irish author Claire Keegan is one of those U.S. 'discoveries' who have been known back home for years. With 'Foster,' she earns that acclaim and more. Continue reading at Los Angeles Times

[ Los Angeles Times | 2022-11-01 14:00:17 UTC ]
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[ Los Angeles Times | 2022-11-01 13:00:38 UTC ]
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Beyrouth Livres: A First Staging in a Troubled Market

The new iteration of the francophone book fair in Beirut was designed 'to have the author meet the public' in beleaguered Lebanon. The post Beyrouth Livres: A First Staging in a Troubled Market appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2022-10-31 15:18:37 UTC ]
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Hitting the Books: AI could help shrink America's gender wage gap

Women have faced gender-based discrimination in the workforce throughout history, denied employment in all but a handful of subservient roles, regularly ignored for promotions and pay raises — and rarely ever compensated at the same rates as their male peers. This long and storied socioeconomic... Continue reading at Engadget

[ Engadget | 2022-10-30 14:30:31 UTC ]
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[ Los Angeles Times | 2022-10-28 15:00:54 UTC ]
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Review: A "mixed" memoirist's Silk Road travelogue becomes a road map to sanctuary

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[ Los Angeles Times | 2022-10-24 13:00:39 UTC ]
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Book Review: ‘The Pachinko Parlor,” by Elisa Shua Dusapin

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[ The New York Times | 2022-10-22 09:00:12 UTC ]
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“Eclectic, Refreshingly Wild, and Important.” Exploring the Archives of America’s Best Literary Journals

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[ Literrary Hub | 2022-10-19 08:57:28 UTC ]
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[ The Guardian | 2022-10-19 06:30:17 UTC ]
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Frankfurt’s News Conference: A ‘Necessary Understanding’

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[ Publishing Perspectives | 2022-10-18 22:15:47 UTC ]
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Frankfurt Week: A New Report on the Indian Book Market

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[ Publishing Perspectives | 2022-10-17 10:47:07 UTC ]
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What’s a Book Sanctuary?: Book Censorship News, October 14, 2022

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[ Book Riot | 2022-10-14 10:40:00 UTC ]
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[ The New York Times | 2022-10-14 09:00:09 UTC ]
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A Queer Black Anarchist’s Journey to Find Liberation in America and Abroad

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[ Electric Literature | 2022-10-13 11:00:00 UTC ]
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The News Movement and Its Unorthodox Vision Launch in the US

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[ AdWeek | 2022-10-12 11:30:00 UTC ]
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Bloomberg Media Is Shutting Off Its Open-Market Programmatic Advertising

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[ AdWeek | 2022-10-11 09:54:39 UTC ]
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[ PC World | 2022-10-06 10:45:00 UTC ]
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