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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Frequent library visits equates to £1,359 pay rise

Going to the library frequently is the same as getting a pay rise of £1,359 a year,... Continue reading at The Bookseller

[ The Bookseller | 2014-04-23 00:00:00 UTC ]
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Fox Chapel Buys 1,400 New Holland Titles

Fox Chapel Publishing has bought rights to 1,400 books from New Holland Publishers U.K. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-04-21 00:00:00 UTC ]
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A Mix of University Press Call New England Home: Spotlight On New England 2014

New England is home not only to some of the oldest and largest university presses in the U.S. but to one of the most unique ones—University Press of New England, which represents a consortium of four colleges and universities. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-04-18 00:00:00 UTC ]
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Sequential App Adds Top Shelf Graphic Novels

Sequential, the digital comics storefront app focused on literary graphic novels, is adding a selection of Top Shelf graphic novels for purchase. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-04-08 00:00:00 UTC ]
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PW London Book Fair Show Daily: Day 1, April 8, 2014

Read the complete Day 1 coverage from the 2014 London Book Fair in this Scribd reader. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-04-07 00:00:00 UTC ]
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Archie Comics Unveils Graphic Novels for Fall 2014

Archie Comics, home of the redhead teenager from Riverdale as well as comics based on videogame favorites Sonic the Hedgehog and Mega Man, has released its graphic novel lineup for Fall 2014. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-04-03 00:00:00 UTC ]
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Book Sales Rose 1% in 2013

Total book sales rose 1.0% in 2013 over 2012, to $15.05 billion, at the 1,211 publishers that report results to the Association of American Publishers’ StatShot program. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-04-01 00:00:00 UTC ]
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Job Moves: April 1, 2014

Elizabeth Bewley has joined Houghton Mifflin Harcourt Books for Young Readers as executive editor based in the NYC office, starting April 14. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-04-01 00:00:00 UTC ]
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Jet City Comics Debuts Cover Art for 'Wool: The Graphic Novel'

Jet City Comics, Amazon Publishing’s graphic novel and comics imprint, has released the cover art for the first three issues of "Wool: The Graphic Novel," the comics adaptation of author Hugh Howey’s bestselling, self-published science-fiction novel. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-03-29 00:00:00 UTC ]
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Judge approves class-action suit against Apple in ebooks case

A New York judge has given the go-ahead for a group to collectively sue Apple for damages over its collusion with publishers to fix the price of electronic books.Denise Cote, a judge at the U.S. District Court for the Southern District of New York, wrote in her approval of class status that... Continue reading at PC World

[ PC World | 2014-03-29 00:00:00 UTC ]
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Sequential Adds NBM Graphic Novels

Sequential, the graphic novel retail app that specializes in literary comics, has added a selection of graphic novels from the New York indie comics publisher NBM. NBM will add ten titles to the Sequential list including works by Rick Geary, Stan Mack and Margreet de Heer. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-03-27 00:00:00 UTC ]
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Video Advertising Goes Global With French Power Merger

Two major players in online video advertising, Ebuzzing and Teads, are merging to create a new company with plans to list on the NASDAQ in 2015.Both companies are French, and have separately been developing "outstream" video advertising allowing the distribution of video advertising outside of... Continue reading at Advertising Age

[ Advertising Age | 2014-03-26 00:00:00 UTC ]
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PRH/Santillana Merger Threatens Digital Shake Up in Brazil Ebook Sector

Penguin Random House Merger with Santillana will force the Brazilian operation to choose whether to stay or leave the powerful DLD digital distribution platform. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2014-03-21 00:00:00 UTC ]
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To Tango, Flamenco and Samba: Penguin Random House Merger with Santillana

The Penguin Random House deal to absorb Santillana's trade lines has serious implications for the Spanish-book market, but the outlier in the deal is Brazil. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2014-03-21 00:00:00 UTC ]
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Google, Viacom Settle YouTube Copyright Suit

Copyright experts had seen the case as a key test of the DMCA's "safe harbor" provision, which protects Internet service providers from liability for the infringing behavior of its users. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-03-19 00:00:00 UTC ]
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Hastings Finds Merger Partner

Hastings Entertainment has agreed to merge with one of its biggest vendors and shareholders. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-03-17 00:00:00 UTC ]
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Retailers Call for Action on E-Fairness

In advance of today’s hearing before the U.S. House Committee on the Judiciary, RILA and NRF urge lawmakers to level the playing field. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-03-12 00:00:00 UTC ]
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Indie Creators Self-Publish 1,000 Comics on ComiXology in One Year

On the one-year anniversary of the service, digital comics locus ComiXology says it now offers more than 1,000 titles through its self-publishing platform Submit.     Continue reading at Wired

[ Wired | 2014-03-09 00:00:00 UTC ]
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Meat Industry 1, Obama Administration 0

This essay is excerpted from The Meat Racket: The Secret Takeover of America’s Food Business, by Christopher Leonard, published by Simon & Schuster. Read another excerpt from The Meat Racket, about how Tyson keeps chicken prices high. Continue reading at Slate

[ Slate | 2014-03-04 00:00:00 UTC ]
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UK Independent Publishers Call for Bolder Experiments

Signs from the UK Independent Publishers Guild conference signal a move toward bolder experiments with with content, DRM, and engagement to foster a brighter future. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2014-03-03 00:00:00 UTC ]
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