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 ]
News tagged with: #timely manner #popular magazines #meredith corp #immediately respond #hearst #authors guild

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Top literary agent Andrew Wylie calls Amazon Isis-like distribution channel

Wylie calls for fellow publishers to stand firm and not to blink during negotiations over ebook royalties with digital retailerHe is the sinister jackal of the literary world who counts Salman Rushdie, Philip Roth and Martin Amis among his formidable roster of clients.Andrew Wylie, arguably the... Continue reading at The Guardian

[ The Guardian | 2014-10-31 00:00:00 UTC ]
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A Call for Digital Media Ethics

Marcello Vena of AllBrain in Italy is repulsed by a recent report on publishing on Vox.com and calls for a renewed sense of ethics in those covering digital media. The post A Call for Digital Media Ethics appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2014-10-28 00:00:00 UTC ]
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Why Vance’s Portfolio Merger Makes Sense

Vance Publishing is consolidating its woodworking portfolio into a single title, Woodworking Network, in a move it hopes will save money and strengthen its growing core. Formerly three separate magazines—Custom Woodworking Business, Closets and Wood Products—the new entity officially merges... Continue reading at Folio Magazine

[ Folio Magazine | 2014-10-28 00:00:00 UTC ]
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Kobo Adds Marvel Digital Graphic Novels

E-book retailer Kobo has reached an agreement with Marvel Comics to sell digital editions of its collected graphic novels. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-10-28 00:00:00 UTC ]
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Leckie's Ancillary Justice optioned for TV

Ann Leckie's prize-winning sci-fi novel Ancillary Justice (Orbit UK) has been optioned for TV. Writing on her blog, the author revealed that the book has been optioned by production company Fabrik and Fox Television Studios, which previously worked together on the US version of "The Killing"... Continue reading at The Bookseller

[ The Bookseller | 2014-10-25 00:00:00 UTC ]
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Fulcrum Publishing Adds Nonfiction Graphic Novels

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[ Publishers Weekly | 2014-10-24 00:00:00 UTC ]
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Début graphic novel for Myriad

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[ The Bookseller | 2014-10-18 00:00:00 UTC ]
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Americas Authors Guild presses US justice department to get aggressive with Amazon

The literary body, representing 9,000 authors, is calling on the US government to launch a competition investigation into Amazon, following the long-running dispute between the internet retailer and publisher HachetteAmericas Authors Guild has met with the US department of justice to call for an... Continue reading at The Guardian

[ The Guardian | 2014-10-03 00:00:00 UTC ]
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Dover Plans Line of Graphic Novel Reprints

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[ Publishers Weekly | 2014-10-03 00:00:00 UTC ]
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Authors Guild Calls for Antitrust Scrutiny of Amazon

In a message circulated to members, and shared with the public, the Authors Guild today confirmed that it hosted a meeting on August 1 between a group of authors and the Department of Justice, in an effort draw antitrust scrutiny of Amazon's practices. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-10-02 00:00:00 UTC ]
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Heartland Fall Forum 2014: A Call to Action

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[ Publishers Weekly | 2014-10-02 00:00:00 UTC ]
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Authors will fire back at Amazon with calls for a government investigation

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[ Engadget | 2014-09-29 00:00:00 UTC ]
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Ellora’s Cave Files Libel Suit Against Dear Author Blog

Erotic romance publisher Ellora’s Cave has filed suit in Summit County, Ohio, against Jennifer Gerrish-Lampe, aka Jane Litte, and her blog Dear Author, claiming libel and defamation and asking for "no less than" $25,000 in damages. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-09-29 00:00:00 UTC ]
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Calling for Literary Agent Transparency in the UK

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[ Publishing Perspectives | 2014-09-18 00:00:00 UTC ]
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10 Great Back To School Graphic Novels

It's September which means school is back in session. Here are 10 books that take place at schools or primarily involve the lives of teachers and students. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-09-17 00:00:00 UTC ]
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Bookscan: Graphic Novels Up 10% In 2014 So Far

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[ Publishers Weekly | 2014-09-17 00:00:00 UTC ]
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Man Booker Shortlist Features 3 Brits, 2 Americans, 1 Aussie

Three Brits, two Americans, one Aussie make the cut for this year's Man Booker Prize shortlist, the first year non-Commonwealth authors have been eligible. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2014-09-10 00:00:00 UTC ]
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Google Settles Infringement Suit with Photographers

Google has reached an agreement with a group of photographers to settle charges involving its scanning project. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-09-08 00:00:00 UTC ]
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PW Picks: Books of the Week, September 1, 2014

This week, new Tana French, new Elena Ferrante, and the history of rock 'n' roll in 10 songs. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-08-29 00:00:00 UTC ]
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Kingstone Publishes Graphic Novel Tie-In for Sony Movie

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[ Publishers Weekly | 2014-08-27 00:00:00 UTC ]
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