Philip Morris International, the maker of Marlboro cigarettes in overseas markets, is in talks to reunite with Altria Group more than 10 years after the tobacco giants split their operations. The deal would be the biggest since AT&T Inc. bid for Time Warner in 2016. Philip Morris had a market value of nearly $126.4 billion at the close of trading on Aug. 23, before speculation of a possible deal gained traction, while Altria was worth about $86.7 billion. The companies broke apart more than a decade ago, bowing to pressure from U.S. investors who wanted higher dividends and more share buybacks. The move was also pitched as a way to set free faster-growing overseas operations while the U.S. business was entangled in smoker lawsuits. But times have changed. Altria has recently diversified its portfolio with investments in vaping and cannabis, giving the company more growth potential even as fewer people smoke cigarettes. Some analysts and investors have argued that the companies should get back together, a move that would give Philip Morris more U.S. exposure. The transaction would give Philip Morris roughly 58% ownership of the new company, with Altria holding the rest, according to a person familiar with the terms who asked not to be identified because the details haven’t been made public. They are considering a no-premium deal based on the companies’ closing share prices on Aug. 23, according to the person. The companies would aim to close the deal within six... Continue reading at 'Advertising Age'
[ Advertising Age | 2019-08-27 18:36:32 UTC ]
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Investors seemed unimpressed but analysts say even talk of a merger reflects moves to consolidate in a tough market Barbie and Tom Cruise’s Top Gun are planning on getting hitched. Warner Bros Discovery, the Hollywood studio that brought us the Batman, Harry Potter and Barbie films, and... Continue reading at The Guardian
[ The Guardian | 2023-12-21 17:19:19 UTC ]
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Publisher of the Monthly and the Saturday Paper says he will no longer be involved in day-to-day operationsFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails,free app or daily news podcastMorry Schwartz has given up his leading role at the company he... Continue reading at The Guardian
[ The Guardian | 2023-12-11 06:44:11 UTC ]
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Jennie Allen, a bestselling author and founder of an annual gathering of evangelical Christian women designed to charge them up to disciple others, discusses her forthcoming book, 'Untangle Your Emotions: Naming What You Feel and Knowing What to Do About It' (WaterBrook, Feb. 2024). Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-11-17 05:00:00 UTC ]
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Alexandra Alter talks about her profile of the best-selling author behind “Fourth Wing” and Alexandra Jacobs discusses her review of “My Name is Barbra.” Continue reading at The New York Times
[ The New York Times | 2023-11-10 18:47:36 UTC ]
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Retirement typically leads to rest, relaxation and enjoying the fruits of one's labor. But for athletes like NBA Champion Matt Barnes, it can open the door to another world of opportunities and ventures. In the latest episode of Yeah, That's Probably An Ad, community editor Luz Corona is joined... Continue reading at AdWeek
[ AdWeek | 2023-11-03 15:27:09 UTC ]
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Sarah Anderson, who founded the Travel Bookshop in London before becoming a writer and painter, discusses the value of quiet in 'The Lost Art of Silence' (Shambhala, Dec.). Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-11-01 05:00:00 UTC ]
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Darrin Bell didn’t set out to write his much anticipated graphic memoir, The Talk. He’d initially sold another project delving into the lives of three generations of men in his family, all descendants of an enslaved man named Addison Bell, in a two book deal to Henry Holt and Co. But as he was... Continue reading at Electric Literature
[ Electric Literature | 2023-10-30 11:00:00 UTC ]
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BuzzFeed is negotiating a sale of much of Complex Networks for under $140 million, less than half of what it paid to acquire it two years ago. Continue reading at The New York Times
[ The New York Times | 2023-10-27 16:26:21 UTC ]
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Best of Young British Novelists 2023 ‘If Wales win tonight, everything will turn out okay.’ – Wales The post Thomas Morris appeared first on Granta. Continue reading at Granta
[ Granta | 2023-10-25 14:51:57 UTC ]
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In her essay for PW, author Dhonielle Clayton reflects on the perils of publishing a diverse magic school series in the shadow of Harry Potter and its creator. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-10-17 04:00:00 UTC ]
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“Tremor,” his first novel in over a decade, is set in Massachusetts and Lagos, and came from a desire to capture the last moments of a pre-Covid world. Continue reading at The New York Times
[ The New York Times | 2023-10-16 09:00:22 UTC ]
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The upcoming Frankfurter Buchmesse has programming looking at many aspects of artificial intelligence and related issues. The post Talking AI at Frankfurt: A Look at Some of the Programming Ahead appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2023-10-10 16:46:37 UTC ]
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DPS is right around the corner and as more ad revenue sneaks back into the market, publishing execs are looking for new ways to capture as many dollars as they can. Continue reading at Digiday
[ Digiday | 2023-09-14 04:01:00 UTC ]
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Rabbi Donniel Hartman urges Jews to forge a connection between themselves and 3,000 years of Jewish life in his new book, Who Are the Jews—and Who Can We Become?. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-08-23 04:00:00 UTC ]
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That's a wrap for NBCUniversal. Today, the company announced it had closed upfront talks, becoming the first major publisher to cross the finish line in what's been the slowest upfront season in years. Despite ongoing economic uncertainty, NBCU is ending its 2023 upfront negotiations with total... Continue reading at AdWeek
[ AdWeek | 2023-07-20 18:06:53 UTC ]
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The deal reverses proposed cuts to libraries despite financial strains on the city Continue reading at Crains New York
[ Crains New York | 2023-06-29 16:45:41 UTC ]
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Cartoonist Mattie Lubchansky talks about their debut graphic novel 'Boys Weekend' (Pantheon) which translates their trans-femme experience into a biting lampoon of tech culture and a humorous recap of the relentless disrespect trans folk face every day. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-06-07 04:00:00 UTC ]
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Darrin Bell’s new graphic memoir ‘The Talk’ is an absorbing, creative examination of the life of a biracial kid told with great honesty, emotional candor, and humor. A nine-page excerpt. The book is out now from Henry Holt. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-06-07 04:00:00 UTC ]
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Toronto Star books editor Deborah Dundas says that even though class divisions exist in Canada, we don't talk about them openly. Continue reading at CBC
[ CBC | 2023-05-27 08:00:00 UTC ]
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In 'Defending Democracy from Its Christian Enemies' (Eerdmans, Oct.), professor of Christian ethics David P. Gushee argues that democracies across the world are under threat from an antidemocratic movement among some Christians. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-05-19 04:00:00 UTC ]
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