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
Sometime around 2006, everyone in publishing began to lament the death of the book section. In the face of declining readership, budget cuts, and mergers, newspapers began to realize that book review sections did not bring in enough ad revenue to cover their costs and so cut and culled until... Continue reading at Literrary Hub
[ Literrary Hub | 2022-08-26 16:03:34 UTC ]
More news stories like this | News stories tagged with:
#book section
#declining readership
#budget cuts
#ad revenue
#book review
The Thai American heroine of Christina Soontornvat’s graphic novel wrestles with anti-Asian racism while auditioning for the cheerleading squad. Continue reading at The New York Times
[ The New York Times | 2022-08-26 06:47:33 UTC ]
More news stories like this | News stories tagged with:
#christina soontornvat
#graphic novel
Fanny Britt and Isabelle Arsenault’s sequel to their graphic novel “Louis Undercover” turns the music up a notch. Continue reading at The New York Times
[ The New York Times | 2022-08-19 06:22:04 UTC ]
More news stories like this | News stories tagged with:
#graphic novel
As testimony wrapped up prior to closing arguments today, the defense and DOJ once again attacked each other's data analysis and methodology. The DOJ asserted that publisher competition, not imprint competition, is the surest way to lift advances, and that non-Big Five publishers face... Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-08-19 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#market share
#data analysis
#publishers face
The first major review for Breaking History—odious lickspittle Jared Kushner’s memoir about his tenure at the Trump White House—has dropped, and it is a doozy. Published by Broadside Books (a lamentable neocon imprint of Harper Collins which boasts a stable full of prize grievance ponies like... Continue reading at Literrary Hub
[ Literrary Hub | 2022-08-17 15:19:36 UTC ]
More news stories like this | News stories tagged with:
#jared kushner
#major review
#broadside books
#harper collins
#memoir
Alice Sedgwick Wohl's 'As It Turns Out,' on power duo Andy Warhol and Edie Sedgwick, is not a memoir but an investigation of a cultural obsession. Continue reading at Los Angeles Times
[ Los Angeles Times | 2022-08-17 13:00:01 UTC ]
More news stories like this | News stories tagged with:
#edie sedgwick
#memoir
A debut novel views a middle-aged organic farmer through the eyes of a 21-year-old woman he preys upon. Continue reading at The New York Times
[ The New York Times | 2022-08-15 19:37:36 UTC ]
More news stories like this | News stories tagged with:
#daisy lafarge
#debut novel
In a 'steady' market, NPD sees print sales in the United States decline 1.6 million units in July, typically a month for some losses. The post NPD Books on July’s US Print Market: 6 Percent Lower, Year to Date appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-08-10 18:34:37 UTC ]
More news stories like this | News stories tagged with:
#date appeared
#print market
#npd books
#print sales
Lynne Tillman’s taut memoir of caring for an aging parent runs an emotional gamut. Continue reading at The New York Times
[ The New York Times | 2022-08-08 19:30:06 UTC ]
More news stories like this | News stories tagged with:
#book review
#lynne tillman
#taut memoir
#memoir
At a glanceExpert’s Rating ProsFast CPUGorgeous 3.5K OLEDGreat audioConsOnly two USB-C PortsMiddling battery performanceNo headset jackOur VerdictDell’s XPS 13 Plus once again tries to set standard for all laptops and largely succeeds, but its battery life and lack of ports don’t... Continue reading at PC World
[ PC World | 2022-08-04 10:45:00 UTC ]
More news stories like this | News stories tagged with:
#direct impact
#big deal
#digital content
The Biden administration is suing to block Penguin Random House from buying Simon & Schuster. A United States District Court will decide if the sale can proceed. Continue reading at The New York Times
[ The New York Times | 2022-07-31 11:19:44 UTC ]
More news stories like this | News stories tagged with:
#biggest publisher
#biden administration
#penguin random house
In his latest book, the French author celebrated for his deeply personal accounts of tragic events embraces meditation as a means of learning to write “without fabrication.” But telling the truth is complicated. Continue reading at The New York Times
[ The New York Times | 2022-07-31 09:00:08 UTC ]
More news stories like this | News stories tagged with:
#book review
#emmanuel carrre
#french author
Facebook's parent company Meta is telling its U.S. publishing partners that the company will no longer pay for news content that aggregates on Facebook's news tab. Facebook's News Tab and Bulletin newsletters will be put on the back burner as Meta moves forward with investing in AI-based video... Continue reading at AdWeek
[ AdWeek | 2022-07-29 17:11:09 UTC ]
More news stories like this | News stories tagged with:
#news publishers
#news content
#publishing partners
Russia’s media watchdog demands registration be declared invalid as independent newspaper vows legal fightRussia-Ukraine war: see all our coverageNovaya Gazeta, one of Russia’s last remaining independent news outlets, is under threat after the country’s media watchdog demanded that its website... Continue reading at The Guardian
[ The Guardian | 2022-07-29 02:18:10 UTC ]
More news stories like this | News stories tagged with:
#court order
'Yoga' charts true-crime master Emmanuel Carrère's journey from intensive meditation to mental breakdown — but leaves out the divorce that derailed him. Continue reading at Los Angeles Times
[ Los Angeles Times | 2022-07-26 13:00:18 UTC ]
More news stories like this | News stories tagged with:
#emmanuel carrre
#memoir
Following the "Don't Say Gay" bill, Florida teachers have been told to pull their classroom libraries until each title has been approved. Continue reading at Book Riot
[ Book Riot | 2022-07-25 17:58:04 UTC ]
More news stories like this | News stories tagged with:
#classroom libraries
#libraries
Lio Min's 'Beating Heart Baby' follows two boys who meet online and ultimately grapples with the joys and perils of making public art. Continue reading at Los Angeles Times
[ Los Angeles Times | 2022-07-25 13:00:45 UTC ]
More news stories like this | News stories tagged with:
#ya novel
The literary advocacy and human rights organization marks the occasion with a museum exhibit, its first Congress of Writers in nearly a century, and more. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-07-22 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#museum exhibit
Despite a huge gain in adult fiction, print unit sales fell 2.5% in the week ended July 16, 2022, from the comparable week in 2021, at outlets that report to NPD BookScan. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-07-22 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#huge gain
#adult fiction
If you want a tablet just for browsing the internet, watching videos and playing games, you won’t need anything fancy. Amazon’s Fire tablets are exactly that. Most of them are under $200, and the Fire 7, which has been updated for 2022, starts at just $60 ($75 if you don’t want ads on the lock... Continue reading at Engadget
[ Engadget | 2022-07-21 15:00:54 UTC ]
More news stories like this | News stories tagged with:
#prime video
#wireless charging
#extra cost
#kindle