Palm Coast Data to Lay Off Staff, Outsource Services and Vacate HQ

Magazine fulfillment services provider Palm Coast Data will lay off up to 150 of its 400 employees, outsource some key operations to competitor CDS Global and leave its Northeast Florida headquarters for a smaller facility in the region by mid-August. The news comes shortly after the conclusion of a six-month dispute between PCD's former owner, AMREP Corp., and its current one, Ireland-based media company and former client Studio Media Group, which acquired PCD from AMREP in April 2019. Under the terms of that deal, AMREP maintained ownership of PCD's two existing facilities in Palm Coast, Fla., entering into a ten-year lease agreement with Studio Media Group which essentially turned PCD's former owner into its new landlord. In December, a subsidiary set up by AMREP to manage the properties filed a civil suit against PCD and Studio Media, accusing PCD of failing to pay its rent on time and seeking to have the company evicted from the properties, according a complaint filed in a Florida circuit court. In a subsequent January filing, Studio Media responded by accusing AMREP of concealing liabilities and "fraudulently misrepresenting" PCD's financial standing prior to the sale, claiming they never would have made the acquisition had they known "the true state of facts surrounding Palm Coast." The two sides settled out of court in May, with PCD agreeing to vacate the facilities by August 15 at the latest. In a memo dated May 19, CEO John Meneough informed PCD staffers that... Continue reading at 'Folio Magazine'

[ Folio Magazine | 2020-06-16 15:17:21 UTC ]
News tagged with: #leadership team #york magazine #previously ceo #interim basis #magazine publisher #hearst

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[ The Bookseller | 2021-10-14 10:19:35 UTC ]
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HQ signs Gunn and Buckingham's book on miscarriage and pregnancy loss

HQ has landed a book on miscarriage and pregnancy loss by award-winning podcasters Bex Gunn and Laura Buckingham. Continue reading at The Bookseller

[ The Bookseller | 2021-10-08 20:11:43 UTC ]
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[ The Bookseller | 2021-09-26 12:53:06 UTC ]
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Flash in the pan or money-spinner? Murdoch pins hopes on news streaming service | The Weekly Beast

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[ The Guardian | 2021-09-24 03:27:25 UTC ]
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Bloomsbury acquires Artfilms video streaming service

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[ The Bookseller | 2021-09-22 17:59:05 UTC ]
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PRH Publisher Services to Distribute IDW Comics Internationally

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[ Publishing Perspectives | 2021-09-20 14:29:57 UTC ]
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PA launches guidance on author data collection

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[ The Bookseller | 2021-09-17 03:26:51 UTC ]
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​SLA data demonstrates a mixed approach to school libraries through the pandemic

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The Morning After: Locast's local TV streaming service loses legal protections

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Amazon will recruit 2,500 UK staff to fuel expansion

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[ The Bookseller | 2021-09-01 19:48:27 UTC ]
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Locast loses legal protections that keep its local TV streaming service alive

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[ Engadget | 2021-09-01 10:42:15 UTC ]
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Springer Nature staff get day off after 'extraordinary' pandemic effort

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Publisher stands by 'Flamin' Hot' book after Frito-Lay calls origin story 'urban legend'

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Hachette Book Group Saw Diversity Gains in Staff, Book Acquisitions in 2020

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