“The single hardest thing to do in business is to make a deal, whether you’re buying or selling.” Former SouthComm, Inc. COO Blair Johnson knew the magnitude of the task before him when, in November 2017, the company’s equity backer Solidus ousted CEO Chris Ferrell and indicated its desire to exit the publishing business within eight months. “At that time, Solidus had decided they wanted to liquidate their position and get out of SouthComm,” Johnson tells Folio:. “[Managing partner] Vic Gatto and the board made a decision that we needed to do it, and do it quickly, and that Chris was probably not the right person to do it. He likes to buy and build, and it’s a different strategy when you have to liquidate.” And so Solidus handed the company reins to Johnson—who took over as CEO—and CFO Bob Mahoney, and the pair immediately began the process of selling off a company that comprised alt-weeklies serving five different cities, a robust b2b media business, and hundreds of employees, among other assets. In a b2b-media space characterized by frequent mergers and acquisitions, the circumstances may have felt a bit like déjà vu all over again for Johnson, who had arrived at SouthComm from Cygnus Business Media in 2015 after four years helping transition that company from bankruptcy to breakup. “We essentially had eight different entities that we had to find a new home for,” Johnson continues. “Clearly, the biggest of these was the b2b assets from legacy Cygnus.” The relative... Continue reading at 'Folio Magazine'
[ Folio Magazine | 2018-08-03 00:00:00 UTC ]
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Designer Will Staehle's book jacket taps into what the 'hypnotic sensibilities' of the novel, a story of obsession and H.P. Lovecraft. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-03-02 00:00:00 UTC ]
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Snapchat is the muse of virtually every app right now. Everybody from Instagram to Tinder is borrowing ideas from the platform, and now it's Medium's turn. Today, the self-publishing site is introducing a new feature for its mobile app called Series,... Continue reading at Engadget
[ Engadget | 2017-03-02 00:00:00 UTC ]
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Amazon, best known for demolishing the bookstore industry by selling books online, celebrated the opening of its first physical bookstore in the state. The Amazon Books at the Legacy Place shopping center in Dedham is the e-commerce giant's fourth physical store. The other three are in... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2017-03-01 00:00:00 UTC ]
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Yelena Moskovich has won the Galley Beggar Short Story Prize 2016/17 for “Marlena or Number 16”. Continue reading at The Bookseller
[ The Bookseller | 2017-02-27 00:00:00 UTC ]
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Once known for its beauty tips, Teen Vogue has become a powerful critic of the Trump administration. What’s behind its transformation?Charlie Knoles is a 39-year-old meditation coach and father based in California. He reads Politico, ProPublica and the Wall Street Journal, and posts on Facebook... Continue reading at The Guardian
[ The Guardian | 2017-02-25 00:00:00 UTC ]
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On Friday, Feb. 17, Facebook invited more than 20 media partners to its New York office to discuss the company’s plans for video monetization and distribution. The post Inside Facebook’s recent product pitch to publishers appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2017-02-24 00:00:00 UTC ]
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Media outlets published video of cyclist responding to catcallers without checking its authenticity. The race for clicks is undermining claims people should trust the newsEven as the media continues to take Facebook to task over its fake news problem, many parts of the news business are doing... Continue reading at The Guardian
[ The Guardian | 2017-02-22 00:00:00 UTC ]
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Cornerstone imprint William Heinemann is publishing a collection of short stories from actor Tom Hanks, anticipated to be a "major publishing event" for PRH this autumn. Continue reading at The Bookseller
[ The Bookseller | 2017-02-22 00:00:00 UTC ]
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Howard Cunnell's Fathers & Sons is a memoir about a search for identity and what it is to be a man that packs a punch that belies its brevity and, despite taking us to dark places, it’s a book about all kinds of love. Continue reading at The Bookseller
[ The Bookseller | 2017-02-17 00:00:00 UTC ]
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A set of books have been written to teach children about the Treaty of Waitangi. Continue reading at Stuff
[ Stuff | 2017-02-16 00:00:00 UTC ]
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It’s the news that some might think makes perfect sense: “American Horror Story” will tackle the 2016 presidential election. During an appearance on Bravo’s “Watch What Happens Live!” Wednesday night, “AHS” co-creator Ryan Murphy revealed that the next season of the popular FX horror anthology... Continue reading at Los Angeles Times
[ Los Angeles Times | 2017-02-16 00:00:00 UTC ]
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Irish writer Lisa McInerney has been longlisted for the £30,000 2017 Sunday Times EFG Short Story Award. Continue reading at The Bookseller
[ The Bookseller | 2017-02-14 00:00:00 UTC ]
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Sourcebooks has acquired worldwide English rights to 'Chasing Red,' a novel by Canadian author Isabelle Ronin, which was the most-read story on Wattpad last year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-02-14 00:00:00 UTC ]
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Picador has acquired a debut novel, Fire Sermon, and story collection, I Want to Show You More, from US writer Jamie Quatro Continue reading at The Bookseller
[ The Bookseller | 2017-02-07 00:00:00 UTC ]
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Transworld is publishing Dare to Dream, a book by Izzy Judd, wife of McFly drummer Harry Judd, telling the personal story of the couple's difficult time trying for a baby and turning to IVF. Continue reading at The Bookseller
[ The Bookseller | 2017-02-04 00:00:00 UTC ]
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A new Game of Thrones story focusing on the family history of the Targaryens is to be published this autumn in the US. Continue reading at The Bookseller
[ The Bookseller | 2017-02-03 00:00:00 UTC ]
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Now that Ted Chiang is super hot, let's read some of his short fiction for the month of February. The post WIRED Book Club: Loved Arrival? Check Out Ted Chiang's 'Story of Your Life' appeared first on WIRED. Continue reading at Wired
[ Wired | 2017-02-02 00:00:00 UTC ]
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YouTube is spending millions of dollars to buy original content for YouTube Red. A year in, YouTube Red reportedly has 2.5 million subscribers, which means it has a long way to go. But don’t count out the site that’s become a global cultural force. This article is from the third issue of Pulse,... Continue reading at Digiday
[ Digiday | 2017-02-02 00:00:00 UTC ]
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Reviews editor Seth Satterlee recommends '99 Stories of God' by Joy Williams, 99 whimsical, thought-provoking shorts that consider God from many perspectives. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-01-27 00:00:00 UTC ]
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Scandinavian publishing giant Schibsted has been centralizing its 250-strong product team over the last year. Currently, the biggest challenge the product team faces it how to give readers the right information to make informed decisions but telling it in ways that feel more personal to readers.... Continue reading at Digiday
[ Digiday | 2017-01-26 00:00:00 UTC ]
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