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

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


Rules that carriers must retain data called incompatible with EU law

The European Union’s top legal advisor ruled on Thursday that laws requiring communications providers to retain all data, even to combat crime, are incompatible with fundamental rights. Advocate General Pedro Cruz Villalón of the European Court of Justice (ECJ) said in a published opinion that... Continue reading at PC World

[ PC World | 2013-12-12 00:00:00 UTC ]
More news stories like this | News stories tagged with: #european union #high court #irish authorities


Newsweek to print weekly edition again one year after calling it quits

Editor in chief Jim Impoco announced the magazine will begin producing a weekly 'premium' print edition as early as JanuaryAmanda Holpuch Continue reading at The Guardian

[ The Guardian | 2013-12-04 00:00:00 UTC ]
More news stories like this |


Forbes calls Larry Ellison book one of 2013’s best

The book about Lanai majority owner and Oracle Corp. CEO Larry Ellison’s pursuit of the America’s Cup yachting championship has received rave reviews from Forbes magazine’s editors and writers as one of the “most entertaining and illuminating nonfiction books of the year.” Author Julian... Continue reading at Silicon Valley Business Journal

[ Silicon Valley Business Journal | 2013-11-28 00:00:00 UTC ]
More news stories like this | News stories tagged with: #oracle corp #forbes magazine #larry ellison


Trinity Mirror data journalism project to be called Ampp3d

Site follows success of publisher's Buzzfeed-style social content site UsvsTh3m, which attracted some 3 million users in OctoberTrinity Mirror's new socially shareable data journalism project, a follow-up to UsvsTh3m, is to be called Ampp3d.Trinity Mirror has launched a Facebook page for the... Continue reading at The Guardian

[ The Guardian | 2013-11-27 00:00:00 UTC ]
More news stories like this | News stories tagged with: #daily mirror #news agenda


Myriad launches graphic novel competition

Novelist Meg Rosoff is among the judges for the 2014 First Fictions First Graphic Novel... Continue reading at The Bookseller

[ The Bookseller | 2013-11-26 00:00:00 UTC ]
More news stories like this |


Graphic Novels in Spain: The Comic Reborn and Rebranded

In a comics-loving country like Spain, local talent is beginning to make its mark in graphic novels, a genre in which the ebook has much to offer both authors and readers. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2013-11-07 00:00:00 UTC ]
More news stories like this | News stories tagged with: #graphic novels #local talent


Envisioning the Boxer Rebellion in Linked Graphic Novels

An interview with Gene Luen Yang, whose linked novels Boxers and Saints envisions the Boxer Rebellion from two sides and has been nominated for the National Book Award. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2013-11-05 00:00:00 UTC ]
More news stories like this |


Graphic Novelist Jacques Ferrandez is Still Dreaming About Algiers

Jaques Ferrandez is beloved and celebrated in France yet practically unknown in the Anglo-Saxon world; his recent adaptation of 'L’Étranger' (The Stranger) has been a bestseller. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2013-11-04 00:00:00 UTC ]
More news stories like this | News stories tagged with: #recent adaptation


RR Donnelley to Buy Consolidated Graphics for $620M

RR Donnelley, the Chicago-based printer and integrated communications provider, has agreed to acquire Consolidated Graphics, a general commercial printing company, for more than $600 million. Consolidated Graphics shareholders will receive $34.44 in cash and 1.651 shares of RR Donnelley for each... Continue reading at Folio Magazine

[ Folio Magazine | 2013-10-25 00:00:00 UTC ]
More news stories like this | News stories tagged with: #rr donnelley #$600 million


Ether for Authors: Is It Time for Publishing to Call a Truce?

Porter Anderson looks at the Frankfurt Book Fair, at Sprint Beyond the Book and Book Sprints, at pen names, and more in Ether for Authors this week. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2013-10-15 00:00:00 UTC ]
More news stories like this | News stories tagged with: #porter anderson


The PW Frankfurt Show Daily: Day 1, October 9, 2013

Get complete coverage of the Frankfurt Book Fair with the PW Frankfurt Show Daily. Continue reading at Publishers Weekly

[ Publishers Weekly | 2013-10-09 00:00:00 UTC ]
More news stories like this | News stories tagged with: #complete coverage


World's Press Calls on Established Democracies to Better Protect Freedom of Expression

Following recent attacks on press freedom in the United States, France, Switzerland and the United Kingdom, the World Association of Newspapers and News Publishers (WAN-IFRA) has called on all governments to recognise that freedom of the press is ess ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2013-10-07 00:00:00 UTC ]
More news stories like this | News stories tagged with: #press freedom #world association #press calls #protect freedom #recent attacks #united kingdom


Justice Department opposes company requests to publish surveillance statistics

The U.S. Department of Justice has opposed requests by Facebook, Google, Microsoft and other companies to publish the number of surveillance requests they receive from the National Security Agency and other agencies. Requests from five Internet companies, also including Yahoo and LinkedIn,... Continue reading at PC World

[ PC World | 2013-10-02 00:00:00 UTC ]
More news stories like this | News stories tagged with: #intelligence community #national intelligence


Scribd CEO Aims for $1 Billion in Revenue from Ebook Subscriptions

Scribd formally launched ebook subscriptions today and the company CEO said he believes the service could eventually produce $1 billion in annual revenue. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2013-10-02 00:00:00 UTC ]
More news stories like this | News stories tagged with: #annual revenue #$1 billion #ebook subscriptions


Tech Firms Rally, Expecting Justice Department to Oppose Transparency Requests

Apple, Dropbox, Facebook, Google, Mozilla, Reddit, Tumblr, Twitter, Yahoo and other tech companies today sent a letter to the heads of the U.S. Senate and House Judiciary Committees in support of proposed legislation that would allow them to publish statistics about secret national security... Continue reading at AllThingsD

[ AllThingsD | 2013-09-30 00:00:00 UTC ]
More news stories like this | News stories tagged with: #proposed legislation #justice department #disclose information #user data


BlackBerry cancels Q2 earnings conference call and webcast

Tomorrow was supposed to the day BlackBerry held a conference call and webcast to discuss its Q2 earnings, but the company has now cancelled this. Complete second quarter financial results will still be released tomorrow (Friday, 27 September) at 7:00am ET, but there will now be no public... Continue reading at Betanews

[ Betanews | 2013-09-26 00:00:00 UTC ]
More news stories like this | News stories tagged with: #conference call


Chip Kidd, on Why Kids Should Learn About Graphic Design

Kidd designed some of the most iconic book covers in circulation, and now he wants to impart lessons to youngsters.     Continue reading at Wired

[ Wired | 2013-09-23 00:00:00 UTC ]
More news stories like this | News stories tagged with: #chip kidd #graphic design


James Patterson will donate $1 million to indie bookstores

Patterson says a bookstore will need to be 'viable' and have a kids' section to qualify for a donation. Continue reading at The Christian Science Monitor

[ The Christian Science Monitor | 2013-09-18 00:00:00 UTC ]
More news stories like this | News stories tagged with: #james patterson #indie bookstores


ReaderLink Head Calls for Higher E-book Prices

Warehouse clubs, mass merchandisers, and other big-box retailers remain important to publishers because they not only sell books, they are places where books can be discovered. Continue reading at Publishers Weekly

[ Publishers Weekly | 2013-09-13 00:00:00 UTC ]
More news stories like this | News stories tagged with: #sell books #mass merchandisers


Time’s Top Editor Leaving for State Dept.

With a new CEO and a new set of titles, it's been a busy week (in the midst of a busy year) for Time Inc. Continue reading at Folio Magazine

[ Folio Magazine | 2013-09-13 00:00:00 UTC ]
More news stories like this | News stories tagged with: #busy week #busy year