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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CATHERINE, CALLED BIRDY, Sexism, Ableism, and Me: What I Learned from Karen Cushman’s Novels

Historical fiction for young readers like CATHERINE CALLED BIRDY help readers discover the history of sexism, ableism, and more. Continue reading at Book Riot

[ Book Riot | 2023-01-27 11:34:00 UTC ]
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U.S. Justice Department, 8 states sue Google over digital ad dominance

The U.S. Department of Justice and eight states, including California, filed suit against Google in a Virginia federal court on Tuesday, claiming that the company illegally used its market powers to dominate Internet advertising. In a court filing originally reported on by CNN, the DOJ... Continue reading at PC World

[ PC World | 2023-01-24 19:39:28 UTC ]
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Media Agencies Call on Marketers to Change Their Digital Strategies

Most senior media agency professionals want their clients to invest in emerging media and explore new digital channels this year. With global advertising spend forecast to slow this year from record levels of spend and the rising cost of digital media spend, marketers will be scrutinizing where... Continue reading at AdWeek

[ AdWeek | 2023-01-11 13:54:14 UTC ]
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December Religion Bestsellers: ‘Faith Still Moves Mountains’ #1 in Nonfiction; Rivers Reigns in Fiction

Fox News host Harris Faulkner’s ‘Faith Still Moves Mountains’ remains in the #1 spot on PW’s Religion Nonfiction Bestsellers list for December; Francine Rivers takes three spots on Religion Fiction. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-01-11 05:00:00 UTC ]
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Prince Harry’s memoir hits No 1 on Amazon, predicted to be one of year’s bestsellers

Spare is already the UK’s top-selling title a day ahead of publication, with high-street retailers expecting sustained interest in the royal psychodramaPrince Harry’s Spare is currently the No 1 in the UK Amazon bestseller charts and among the biggest pre-order titles for high-street retailers,... Continue reading at The Guardian

[ The Guardian | 2023-01-09 17:46:20 UTC ]
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Man pleads guilty to stealing more than 1,000 manuscripts

Filippo Bernardini impersonated agents and publishers to obtain works from writers including Atwood, McEwan and RooneyAn Italian man has admitted to stealing more than 1,000 unpublished manuscripts, including from distinguished authors, solving a mystery that had puzzled the literary world for... Continue reading at The Guardian

[ The Guardian | 2023-01-07 10:51:29 UTC ]
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What if the January 6 insurrection at the US Capitol had succeeded? A graphic novel is uniquely placed to answer

Comic book creators with a history of galvanising social action on America’s streets have created a graphic novel about the US Capitol attacks. Continue reading at The Conversation

[ The Conversation | 2023-01-06 13:12:06 UTC ]
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CES 2023 Day 1 recap: Catch up on the biggest news from the year's biggest tech show

We’re back in Vegas for CES, and while the show doesn’t officially open until tomorrow, many exhibitors have already unveiled their new products at various press conferences and media events. Today, we’re starting to see some of the early car news that frequently dominates CES, as well as more... Continue reading at Engadget

[ Engadget | 2023-01-05 19:50:52 UTC ]
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Beaton’s ‘Ducks’ Tops PW’s 2022 Graphic Novel Critics Poll

Kate Beaton’s widely acclaimed debut graphic memoir 'Ducks: Two years in the Oil Sands '(Drawn & Quarterly) has won PW’s 2022 Graphic Novel Critics Poll by a significant margin, receiving nine votes from PW’s panel of 16 critics. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-12-21 05:00:00 UTC ]
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Top Shelf: 25 Years of Acclaimed Graphic Novels

Top Shelf Productions, which celebrated its 25th anniversary this year, has been a leading force in the expansion of the graphic novel market since it was founded by Chris Staros and Brett Warnock in 1997. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-12-21 05:00:00 UTC ]
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Louise Penny Wrote a No. 1 Best Seller During Her Year Off

She meant to take a break but the Canadian author ended up doing what she always does: powering through a new novel. Continue reading at The New York Times

[ The New York Times | 2022-12-15 10:00:14 UTC ]
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The Best Reviewed Graphic Literature of 2022

Yes, using reviews drawn from more than 150 publications, over the next two weeks we’ll be calculating and revealing the most critically-acclaimed books of 2022, in the categories of (deep breath): Fiction; Nonfiction; Memoir and Biography; Sci-Fi, Fantasy, and Horror; Short Story Collections;... Continue reading at Literrary Hub

[ Literrary Hub | 2022-12-09 09:52:42 UTC ]
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Amazon, Publishers Seek to Knock Out Refiled E-book Price-Fixing Suit

Lawyers for Amazon and the Big Five publishers say that a revived class action suit accusing them of colluding to fix e-book prices is not significantly different from the case that was dismissed in September for lack of evidence, and should not be allowed to go forward. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-12-08 05:00:00 UTC ]
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Comics and Graphic Novels to Read When You’re Under the Weather

These comics are perfect for your next sick day, from a nonfiction comic about the 1918 flu to a comforting graphic novel about tea dragons. Continue reading at Book Riot

[ Book Riot | 2022-12-01 11:34:00 UTC ]
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Featured Trailer: DUNE: THE OFFICIAL MOVIE GRAPHIC NOVEL by Lilah Sturges

Watch this week's featured trailer: DUNE: THE OFFICIAL MOVIE GRAPHIC NOVEL by Lilah Sturges! Continue reading at Book Riot

[ Book Riot | 2022-12-01 11:31:00 UTC ]
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Why Celeste Ng calls her new novel, 'Our Missing Hearts,' 'scarily real'

"Little Fires Everywhere" author Celeste Ng joins the L.A. Times Book Club Dec. 8 to discuss her latest bestseller, "Our Missing Hearts." Continue reading at Los Angeles Times

[ Los Angeles Times | 2022-11-29 15:00:25 UTC ]
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The Morning After: Senator calls for an end to ‘failed Big Tech self-regulation’

Senator Ed Markey of Massachusetts is calling on Congress to pass new legislation to rein in tech companies after Twitter boss Elon Musk ignored an information request. “Elon Musk could respond to my tweets but failed to respond to my letter by yesterday’s deadline and answer basic questions... Continue reading at Engadget

[ Engadget | 2022-11-28 12:15:18 UTC ]
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QUIZ: Guess the Graphic Novel Based on the First Lines

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[ Book Riot | 2022-11-24 11:31:00 UTC ]
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Avery Hill Dreams Big for Graphic Novels

With only three employees, the U.K.-based graphic novel publisher is building an audience, at home and in the U.S. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-11-23 05:00:00 UTC ]
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Amazon, Big Five E-Book Price Fixing Suit Is Revived

Nearly two months after the case was dismissed, lawyers have amended and re-filed a potential class action suit accusing Amazon and the Big Five publishers of coordinating to eliminate competition in the e-book market. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-11-22 05:00:00 UTC ]
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