Philip Morris in talks to reunite With Altria

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 ]
News tagged with: #films based #decades past #cbs corp #antitrust concerns #bloomberg intelligence #time warner

Other Publishing stories related to: ' Philip Morris in talks to reunite With Altria '

Anna Qu Talks Betrayal, Immigration, and Assimilation

Anna Qu is the guest. Her new book, Made in China: A Memoir of Love and Labor, is out now from Catapult. From the episode: Anna Qu: I think I was trying to capture a couple of points. The first point is really arriving at a single moment of betrayal, and that betrayal was reporting […] Continue reading at Literrary Hub

[ Literrary Hub | 2021-09-13 08:48:59 UTC ]
More news stories like this | News stories tagged with: #memoir

Philip Yancey's Personal Take on Evangelicalism

Ahead of his forthcoming memoir, the popular Christian writer tells 'PW' how books by authors with a ‘healthy faith’ helped him escape fundamentalism. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-09-07 04:00:00 UTC ]
More news stories like this | News stories tagged with: #forthcoming memoir

Asking the Questions: PW Talks with Kathie Lee Gifford

In 'The Jesus I Know' (Thomas Nelson, Nov. 30), Gifford talks with celebrities about the ways Jesus has impacted their lives. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-09-03 04:00:00 UTC ]
More news stories like this | News stories tagged with: #thomas nelson

How I Tracked Down the Hidden Lives of the Radical, Wealthy Morris Sisters

In 2008, I published my first book, Please Excuse My Daughter, a memoir about my mother and me and how I grew up, and it dipped a little into my mother’s family’s history, which was rich and interesting. Her mother’s uncle, Sam Golding, developed the neighborhood of Rego Park in Queens during... Continue reading at Literrary Hub

[ Literrary Hub | 2021-08-16 08:49:26 UTC ]
More news stories like this | News stories tagged with: #memoir

Let’s talk about science fiction and fantasy books that would make for great TV

N.K. Jemisin’s Inheritance trilogy got us thinking about other titles perfect for the small screen. Continue reading at The Washington Post

[ The Washington Post | 2021-08-15 13:00:00 UTC ]
More news stories like this | News stories tagged with: #fantasy books #inheritance trilogy #small screen #science fiction

Now that you’ve read ‘The Last Thing He Told Me,’ let’s talk about the ending

Laura Dave’s suspense novel is impossible to put down. But how satisfying is that conclusion? Continue reading at The Washington Post

[ The Washington Post | 2021-08-12 13:00:00 UTC ]
More news stories like this | News stories tagged with: #ve read

Jones, Mairena, Stewart Join 'PW'; Morris Up in Digital Dept.

At 'Publishers Weekly,' Iyana Jones has been named digital media coordinator, Nathalie Mairena has been hired as digital assistant, and Sophia Stewart has joined as editorial assistant. Mike Morris has been promoted to director of digital operations. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-08-09 04:00:00 UTC ]
More news stories like this | News stories tagged with: #digital assistant #editorial assistant #digital operations #digital media

John Bolton Almost Gave His Donald Trump Memoir A NSFW Title, But Was Talked Out Of It

When Trump’s former national security adviser was told his proposed title had a sexual connotation, he reportedly told publishers their minds were "in the gutter." Continue reading at The Huffington Post

[ The Huffington Post | 2021-06-30 08:23:11 UTC ]
More news stories like this | News stories tagged with: #john bolton #memoir

Philip Roth, Blake Bailey and publishing in the post-#MeToo era

WW Norton withdrew Bailey’s Roth biography after a series of allegations about its author. As generational conflict rages in the book world and across culture, we ask: who decides whether we can separate the art from the artist?There was something dramatically overwrought about first the... Continue reading at The Guardian

[ The Guardian | 2021-06-27 08:00:19 UTC ]
More news stories like this | News stories tagged with: #blake bailey #moral issues #pay homage #american letters #promote diversity #book world

Pride Was Hard-Won: PW Talks with Julie Rodgers

For nine years, Rodgers was a celibate gay Christian speaking about the benefits of conversion therapy, and in her forthcoming memoir 'Outlove: A Queer Christian Survival Story,' she chronicles her journey into peace, a loving marriage, and advocacy for LGBTQ Christians. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-06-08 04:00:00 UTC ]
More news stories like this | News stories tagged with: #forthcoming memoir #memoir

Talking About Censorship and Publishing

Christopher M. Finan, the executive director of the National Coalition Against Censorship, says conversation is needed to bridge divides. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-05-28 04:00:00 UTC ]
More news stories like this | News stories tagged with: #national coalition

U.S. Book Show: Ijeoma Oluo Wants to Talk About Revolution

In a keynote Q&A with HarperOne executive editor Rakesh Satyal, Ijeoma Oluo advocated for ordinary people dismantling racism at the grassroots level and spoke about her forthcoming book, 'Be a Revolution.' Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-05-26 04:00:00 UTC ]
More news stories like this | News stories tagged with: #book show #ijeoma oluo

Philip Roth Biography Finds a New Publisher

Skyhorse said it would release the paperback and digital versions of the book, which had been taken out of print following sexual assault allegations against its author, Blake Bailey. Continue reading at The New York Times

[ The New York Times | 2021-05-17 17:32:51 UTC ]
More news stories like this | News stories tagged with: #digital versions #blake bailey

African speculative fiction is finally getting its due. Let’s talk about books to seek out.

A few of the fresh voices: Tade Thompson, Nnedi Okorafor, Sofia Samatar and Suyi Davies Okungbowa. Continue reading at The Washington Post

[ The Washington Post | 2021-05-14 14:00:00 UTC ]
More news stories like this | News stories tagged with: #tade thompson #nnedi okorafor #sofia samatar

‘Let’s Talk About Hard Things’ makes a compelling case that we should

Anna Sale’s book — an offshoot of her podcast — shows readers the value of opening up about death, sex, money and other subjects. Continue reading at The Washington Post

[ The Washington Post | 2021-05-10 12:00:00 UTC ]
More news stories like this |

Jessica Bruder talks Nomadland

“Nomadland,” a film inspired by and featuring non-actor sources from journalist Jessica Bruder’s 2017 nonfiction book of the same name, just swept the Academy Awards. Both book and film explore the life of America’s “new nomads,” who live without traditional housing since losing their savings in... Continue reading at Columbia Journalism Review

[ Columbia Journalism Review | 2021-05-07 17:41:46 UTC ]
More news stories like this | News stories tagged with: #academy awards #great recession #nonfiction book

The Philip Roth biography is canceled, Mike Pence’s book could be next — and publishing may never be the same

Blake Bailey’s precipitous fall is proof that publishers can no longer ignore their authors’ behavior. Continue reading at The Washington Post

[ The Washington Post | 2021-04-28 12:00:00 UTC ]
More news stories like this | News stories tagged with: #mike pence #blake bailey

John Grisham talks basketball — and books

The best-selling author and Virginia Cavaliers fan discusses his new novel, “Sooley.” Continue reading at The Washington Post

[ The Washington Post | 2021-04-25 12:00:00 UTC ]
More news stories like this | News stories tagged with: #best-selling author

Inelegant Connections: PW Talks with Will McPhail

Popular 'New Yorker' cartoonist Will McPhail branches out with his first long form graphic novel 'In', to be published by Houghton Mifflin Harcourt in May. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-04-21 04:00:00 UTC ]
More news stories like this | News stories tagged with: #houghton mifflin harcourt #graphic novel

Prince Philip biography brought forward by Mardle

New Ad Lib imprint Mardle Books is bringing forward the release of Prince Philip's Century by royal commentator Robert Jobson following the Duke of Edinburgh's death last week. Continue reading at The Bookseller

[ The Bookseller | 2021-04-14 02:22:15 UTC ]
More news stories like this | News stories tagged with: #bringing forward #prince philip