“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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A Waterstones branch in Exeter has been forced to close after a blaze that erupted in the area early this morning. Continue reading at The Bookseller
[ The Bookseller | 2016-10-29 00:00:00 UTC ]
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Tool has signed Director and Photographer Danielle Levitt to the integrated production company's live-action roster. She has worked with Marc Jacobs, Reebok, Nike, Sprite and Old Spice. She has also photographed celebrity portraits for Jenna Lyons, Rick Owens and the cast of Broadway's... Continue reading at Advertising Age
[ Advertising Age | 2016-10-26 00:00:00 UTC ]
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Daunt Books Publishing has acquired Elliot Ackerman’s "timely" new novel Dark at the Crossing – a "gripping" contemporary love story set on the Turkish/Syrian border. Continue reading at The Bookseller
[ The Bookseller | 2016-10-26 00:00:00 UTC ]
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Jacob Dalborg, CEO of Bonnier, was the featured speaker during the CEO panel where he talked about the plans the Swedish publisher has for the future. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-10-20 00:00:00 UTC ]
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Beren and Lúthien, a story of the perilous romance between a man and an elf, is one of a number of texts by the author brought ‘together for the first time’JRR Tolkien’s legend of the mortal man Beren and the immortal elf Lúthien – a story that meant so much to the Lord of the Rings author that... Continue reading at The Guardian
[ The Guardian | 2016-10-19 00:00:00 UTC ]
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Chatto & Windus is to publish Gun Love, a "powerful and heartbreaking" story of a mother and daughter by novelist and PEN International president Jennifer Clement. Continue reading at The Bookseller
[ The Bookseller | 2016-10-13 00:00:00 UTC ]
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How the 40-year-old business magazine adapted to meet 21st-century market demands. The post Inside Chief Executive’s Data-Driven Evolution appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2016-10-12 00:00:00 UTC ]
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After producing award-winning works in music, musical theater and comics, Vivek Tiwary is now writing an illustrated YA novel and working to turn Dave Roman's children's graphic novel 'Astronaut Academy' into a TV series. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-10-12 00:00:00 UTC ]
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The firing pistol for the annual rights frenzy ahead of the Frankfurt Book Fair (FBF) has sounded, with publishers battling it out to find the next The Girl on the Train as the psychological thriller phenomenon shows little sign of slowing down. Continue reading at The Bookseller
[ The Bookseller | 2016-10-10 00:00:00 UTC ]
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Virgin Books has acquired The Airbnb Story, the first "definitive" book about the $25.5bn-valued company, to publish in spring 2017. Continue reading at The Bookseller
[ The Bookseller | 2016-10-07 00:00:00 UTC ]
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Debut British author K J Orr has beaten off competition from Booker Prize-winning Hilary Mantel to win the £15,000 BBC National Short Story Award with BookTrust for 2016. Continue reading at The Bookseller
[ The Bookseller | 2016-10-05 00:00:00 UTC ]
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After the ARCs went out for Sarah Domet's debut novel, its cover went through a complete redesign. Here's why. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-10-03 00:00:00 UTC ]
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Amazon has opened 26 pop-up stores at malls in 13 states, and it's projected the retailer will have 100 of these locations open by next year. We take a look inside one of these pop-ups, at the Natick Mall in Natick, Mass. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-10-03 00:00:00 UTC ]
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Granta has acquired The Earlie King and The Kid in Yellow, a debut novel by Irish writer Danny Denton. Continue reading at The Bookseller
[ The Bookseller | 2016-10-01 00:00:00 UTC ]
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William Heinemann is publishing in October a Regency short story collection, Snowdrift and Other Stories, by late historical romance novelist Georgette Heyer, including three newly-discovered tales. Continue reading at The Bookseller
[ The Bookseller | 2016-09-30 00:00:00 UTC ]
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Ebury is publishing two more books from Rowan Coleman, author of 2015 Richard and Judy selection The Memory Book (Ebury Press). Continue reading at The Bookseller
[ The Bookseller | 2016-09-27 00:00:00 UTC ]
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An evident labor of love that could have benefited from a sharper thematic focus, “Never Surrender: The Ed Ramsey Story” pays tribute to the late WWII hero who earned a place in military lore for having led the last cavalry charge in U.S. military history. Illinois-born Ramsey, who died in 2013... Continue reading at Los Angeles Times
[ Los Angeles Times | 2016-09-24 00:00:00 UTC ]
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Penguin Australia has come under further fire for publishing disgraced health blogger Belle Gibson's cookbook, with court files revealing the publisher was aware of obvious "gaps" in her story. Continue reading at The Bookseller
[ The Bookseller | 2016-09-22 00:00:00 UTC ]
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Ebury Press has signed "the backroom story" of Team GB’s Olympic success to be written by Times journalist Owen Slot. Continue reading at The Bookseller
[ The Bookseller | 2016-09-22 00:00:00 UTC ]
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Three short stories by the queen of Regency romance have been discovered by her biographer and are being reprinted in a new volumeA trio of forgotten stories by the queen of Regency romance Georgette Heyer have been uncovered by her biographer and are due to be published, for the first time in... Continue reading at The Guardian
[ The Guardian | 2016-09-20 00:00:00 UTC ]
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