Quad/Graphics, LSC Call Off $1.4B Merger After Justice Dept. Suit

A month after pledging to "vigorously defend" its proposed $1.4 billion acquisition of rival publication printer LSC Communications in the face of a Justice Department lawsuit challenging the deal, Quad/Graphics announced on Tuesday that the two companies have agreed to end the fight. The proposed merger—which was first announced last October and approved by both companies' shareholders in February—faced opposition from groups like the Authors Guild and free speech advocate PEN America, who argued that combining "the two sole competitors in the long-run magazine and book printing markets" would create a dangerous monopoly that could further beleaguer print magazine and book publishers. In separate statements, both Quad/Graphics and LSC reaffirmed their disagreement with the Justice Department's assessment of the deal, but reasoned that the benefits of the merger would be outweighed by the delays and legal costs associated with fighting the DOJ lawsuit. As the blog Dead Tree Edition noted, a federal judge denied a request from the two printers for an expedited trial last week, meaning that even if it were ultimately approved, the proposed merger likely wouldn't come into effect until sometime next year. "In the United States, Quad and LSC’s printing and distribution resources vastly exceed those of other competitors and the two serve as the only realistic options for many publishers and retailers that rely on these firms’ resources and experience to ensure that... Continue reading at 'Folio Magazine'

[ Folio Magazine | 2019-07-23 16:26:38 UTC ]

Other news stories related to: "Quad/Graphics, LSC Call Off $1.4B Merger After Justice Dept. Suit"


Longtime EIC Dana Points is Leaving Parents Magazine

Meredith Corp. confirms Points is departing the company after eight years to "pursue a new endeavor." The post Longtime EIC Dana Points is Leaving Parents Magazine appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2016-11-17 00:00:00 UTC ]
More news stories like this


Authors Guild Adds Membership Level for 'Emerging Writers'

Responding to what it says is the "new economy of publishing," the Authors Guild has introduced a new membership level that is "open to all devoted writers actively pursuing publication." Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-10-12 00:00:00 UTC ]
More news stories like this


Writers Organizations Condemn Turkish Attacks on Free Speech

The Authors Guild and PEN America have condemned the actions of the Turkish government after the detaining of 61 journalists and the shuttering of 131 media organizations—including 29 publishing houses—in the wake of the attempted coup on July 15. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-08-04 00:00:00 UTC ]
More news stories like this


Google Case Ends, but Copyright Fight Goes On

At its April 15 conference, the Supreme Court declined to take up Authors Guild v. Google, effectively ending one of the defining copyright battles of the digital age. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-04-22 00:00:00 UTC ]
More news stories like this


Constantine Leaving the Authors Guild

Jan Constantine will step down as the legal counsel of the Authors Guild at the end of April, just a few days after the U.S. Supreme Court rejected the Guild's appeal in its copyright infringement lawsuit against Google. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-04-22 00:00:00 UTC ]
More news stories like this


PW Online and On Air: Week of April 25, 2016

On April 15, the Supreme Court declined to take up the Authors Guild v. Google case, bringing to an end the ongoing digital-age copyright battle. One reader heartily agreed with SCOTUS: Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-04-22 00:00:00 UTC ]
More news stories like this


Authors Guild denied appeal to stop Google scanning books

The US Authors Guild’s appeal against the earlier ruling that allows the tech giant to scan millions of books under ‘fair use’ has been rejected by the Supreme CourtA long-running face-off between the US Authors Guild and Google over the search engine’s scanning of millions of books was brought... Continue reading at The Guardian

[ The Guardian | 2016-04-19 00:00:00 UTC ]
More news stories like this


More bad news: Meredith Corp. shutters upscale women's magazine

More magazine, which began publishing in 1997 and billed itself as "the magazine for women of style and substance," is shutting down, publisher Meredith Corp. announced Thursday. In a statement, the... To view the full story, click the title link. Continue reading at Crains New York

[ Crains New York | 2016-02-26 00:00:00 UTC ]
More news stories like this


Meredith CEO Considers Splitting Broadcast, Publishing Units

Meredith Corp. has considered splitting its broadcast and publishing units, perhaps uniting one with a strategic partner, Chief Executive Officer Stephen Lacy said.The idea is one of several possibilities the company is considering after its plan to merge with Media General fell through, Mr.... Continue reading at Advertising Age

[ Advertising Age | 2016-02-03 00:00:00 UTC ]
More news stories like this


Authors Guild Gets Support in Google Case

Malcolm Gladwell and Ursula K. Le Guin, are among those supporting the Authors Guild’s bid to have the Supreme Court review its case against Google. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-02-03 00:00:00 UTC ]
More news stories like this


Magazine Company Execs Talk About Taking On Tech, Disruption

The five magazine media company executives who graced the stage at the Grand Hyatt in Midtown Tuesday night all had specific (well, somewhat specific) ideas for how to grow their companies and take advantage of industry-wise disruptions, but only one called for an across-the-board increase in... Continue reading at Advertising Age

[ Advertising Age | 2016-02-03 00:00:00 UTC ]
More news stories like this


Authors Guild's Paul Aiken Dead at Age 56

Paul Aiken, the former long-time executive director of the Authors Guild, died Friday January 29, one day shy of his 57th birthday. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-02-01 00:00:00 UTC ]
More news stories like this


Authors United to Host Amazon Discussion

The author advocacy group critical of Amazon known as Authors United has joined with the Authors Guild to host a discussion about the retailer’s power and influence in the book trade. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-01-21 00:00:00 UTC ]
More news stories like this


Authors Guild Begins Letter-Writing Campaign to Meet with Publishers

As part of its ongoing effort to raise writers’ income, the Authors Guild is sending an open letter to members of the Association of American Publishers. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-01-01 00:00:00 UTC ]
More news stories like this


In Amicus Brief, Authors Guild, ABA, B&N Back Apple

A coalition of authors groups and booksellers is urging the Supreme Court to reverse the verdict in Apple's ebook price-fixing case. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-12-02 00:00:00 UTC ]
More news stories like this


Appeals Court Affirms Google Book Search is Fair Use

The U.S Court of Appeals for the Second Circuit has rejected the Authors Guild's appeal and affirmed that Google’s library book scanning project is protected by fair use. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-10-16 00:00:00 UTC ]
More news stories like this


Google's book scanning project is fair use, appeals court rules

Google's book scanning project constitutes fair use under U.S. copyright law, an appeals court confirmed Friday, ending a ten-year legal fight by the Authors Guild and other writers' groups to have it stopped. Google began working with libraries in 2004 to digitize their book collections,... Continue reading at PC World

[ PC World | 2015-10-16 00:00:00 UTC ]
More news stories like this


Google's Book Scanning is Fair Use, Appeals Court Rules

An appeals court rejected the claims of the Authors Guild that Google's massive book scanning project is copyright infringement. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-10-16 00:00:00 UTC ]
More news stories like this


Behind the Authors Guild's New Proactive Approach

A membership survey, contract initiative, and a dues hike are part of the organization's new program. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-09-18 00:00:00 UTC ]
More news stories like this


Income for US authors falls below federal poverty line – survey

Authors Guild says median income for members has fallen 24% in five years, with piracy, Amazon and publishing economies contributing to slump in earningsThe earnings of more than half of American authors fell below the US federal poverty level last year, according to a survey from the Authors... Continue reading at The Guardian

[ The Guardian | 2015-09-15 00:00:00 UTC ]
More news stories like this