Shareholder Sues Tribune Directors, Chairman Over Spurned Gannett Bid

A Tribune Publishing investor sued the media company's directors and Chairman Michael Ferro for spurning an $864 million buyout offer from Gannett and seeking a cash infusion from a billionaire health-care entrepreneur.Tribune's board members are seeking to unfairly entrench themselves by taking steps to ward off the $15-a-share bid from Gannett, the largest U.S. newspaper publisher, Capital Structures Realty Advisors said in a complaint made public Thursday in Delaware Chancery Court. The lawsuit was filed on behalf of Tribune and its investors.The owner of the Los Angeles Times and Chicago Tribune rejected Gannett's second offer on May 23, calling it "clearly inadequate," even though it was 22% more than an earlier $12.25-a-share bid made public in April. Instead, the board adopted anti-takeover measures to wrongfully thwart Gannett's efforts, according to Capital Structures. Continue reading at AdAge.com Continue reading at 'Advertising Age'

[ Advertising Age | 2016-06-03 00:00:00 UTC ]
News tagged with: #media company #cash infusion #board members #taking steps

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Rebecca Smart Named DK Managing Director

Rebecca Smart will join DK as its managing director in January after spending the last four years in the same position at Ebury Publishing, a nonfiction imprint of Penguin Random House UK. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-09-04 00:00:00 UTC ]
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Angela Luxton promoted to Octopus commercial director

Octopus Publishing Group has promoted Angela Luxton, previously finance director, to the position of commercial director. Continue reading at The Bookseller

[ The Bookseller | 2018-09-04 00:00:00 UTC ]
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Lawsuit reveals takeover bid for B&N by rival 'book retailer'

Barnes & Noble was on the cusp of being sold to another book retailer in June before the deal fell through, it has been revealed. Continue reading at The Bookseller

[ The Bookseller | 2018-08-30 00:00:00 UTC ]
More news stories like this | News stories tagged with: #book retailer #barnes noble #deal fell


Parneros Sues B&N for Defamation of Character

Former Barnes & Noble CEO Demos Parneros has charged the retailer with breach of contract and defamation of character. The suit contains numerous unflattering revelations about the inner workings of B&N, and includes the bombshell news that a deal to sell the company to a “book retailer”... Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-08-28 00:00:00 UTC ]
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Interview: Beijing Book Fair Director Liying Lin on China’s Book Market

Disagreeing with assessments of a slowdown in the Chinese book market, the Beijing International Book Fair director says she's seeing 'real energy in the sector. The post Interview: Beijing Book Fair Director Liying Lin on China’s Book Market appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2018-08-24 00:00:00 UTC ]
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Festival directors call for overhaul of visa system

Directors of arts festivals around the UK have asked the government to improve the visa system, warning that artists are now reluctant to accept invitations to the UK because of delays and complications. Continue reading at The Bookseller

[ The Bookseller | 2018-08-23 00:00:00 UTC ]
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S&S hits back at Trump lawyers' 'hollow' threats to sue

Simon & Schuster has hit back at legal threats from Donald Trump over his former aide Omarosa Manigault Newman's book, telling the American president's lawyers "at base, your letter is nothing more than an obvious attempt to silence legitimate criticism of the president". Continue reading at The Bookseller

[ The Bookseller | 2018-08-18 00:00:00 UTC ]
More news stories like this | News stories tagged with: #legal threats #american president #simon schuster #hit back


Michael Joseph to publish Sue Perkins' travel memoir

Michael Joseph is publishing a new travel-inspired memoir from Sue Perkins called East of Croydon: blunderings through India and South East Asia. Continue reading at The Bookseller

[ The Bookseller | 2018-08-16 00:00:00 UTC ]
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Trump Books Travel, but German Rights Directors Say Interest Rarely Runs Both Ways

The growing list of political Trump books published in the States this season are seeing strong foreign rights sales into Europe. The post Trump Books Travel, but German Rights Directors Say Interest Rarely Runs Both Ways appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2018-08-16 00:00:00 UTC ]
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Shareholders vote to increase Quarto's borrowing powers

Shareholders have voted to change Quarto’s by-laws to allow the publisher to borrow more money from the bank. Continue reading at The Bookseller

[ The Bookseller | 2018-08-16 00:00:00 UTC ]
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Ben LeRoy Named Executive Director of IPC

The Independent Publishers Caucus has taken another step in its effort to become an advocacy group for independent publishers, naming former Tyrus Books publisher Ben LeRoy as its first executive director. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-08-07 00:00:00 UTC ]
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Sue Rainsford reveals début novel was influenced by Transatlantic teaching

Tom Tivnan talks setting, genre and Irish fiction with debut author Sue Rainsford. Continue reading at The Bookseller

[ The Bookseller | 2018-07-23 00:00:00 UTC ]
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Entertainment Weekly Taps Greg Garry as Photography Director | People on the Move

[caption id="attachment_128255" align="alignright" width="150"] Greg Garry[/caption] Former photo director of Out Magazine, Greg Garry, is joining Entertainment Weekly. Starting this week, Garry will oversee EW’s photography team from the New York office until this fall when he transfers to the... Continue reading at Folio Magazine

[ Folio Magazine | 2018-07-19 00:00:00 UTC ]
More news stories like this | News stories tagged with: #news partnerships #boston globe #revenue growth #digital strategies


Orbach steps down as Quarto executive chairman

Laurence Orbach has stepped down from his position as executive chairman for Quarto in the latest wave of changes to the company's governance. Continue reading at The Bookseller

[ The Bookseller | 2018-07-14 00:00:00 UTC ]
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WTF is header bidding for mobile apps?

Once seen as just a glorified hack, header bidding has now become a standard practice in digital media. While this process has been extremely successful at optimizing programmatic ad inventory for desktop publishers, the industry is now shifting toward mobile. So, WTF is header bidding for... Continue reading at Digiday

[ Digiday | 2018-07-11 00:00:00 UTC ]
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Sells to succeed Christie as DK sales director

DK's UK and group sales director Ed Christie has decided to leave the publishing industry and move into the teaching profession, with Bloomsbury's Jacqueline Sells appointed his successor. Continue reading at The Bookseller

[ The Bookseller | 2018-07-10 00:00:00 UTC ]
More news stories like this | News stories tagged with: #publishing industry


German writer sues Random House for refusing to publish controversial book on Islam

A German author is taking Random House to court for declining to release his book Hostile Takeover: How Islam Hampers Progress and Threatens Society which it originally signed on the basis of a 10-page proposal. Continue reading at The Bookseller

[ The Bookseller | 2018-07-10 00:00:00 UTC ]
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How Gannett Is Putting Its Advertisers Closer to Its Readers

CANNES, France--Being able to effectively target an audience is the ultimate quest of any digital media company. That's why Gannett, publisher of USA Today, more than 100 local newspapers and a dozen national digital sites, is looking to a new product to connect brands and users. We caught up... Continue reading at AdWeek

[ AdWeek | 2018-06-25 00:00:00 UTC ]
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O Mag Taps Arianna Davis as Digital Director of New Site | People on the Move

[caption id="attachment_126791" align="alignright" width="150"] Arianna Davis[/caption] Arianna Davis was appointed as digital director of O, The Oprah Magazine’s latest venture, OprahMag.com, a new website set to launch this fall. While existing as a stand-alone site, OprahMag.com has the same... Continue reading at Folio Magazine

[ Folio Magazine | 2018-06-20 00:00:00 UTC ]
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International Fair Directors Meet in Sweden

At the Conference of International Book Fair Directors in Gothenburg last week, executives met to discuss industry issues and prepare a statement in support of human rights, reading, and diversity. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-06-18 00:00:00 UTC ]
More news stories like this | News stories tagged with: #human rights