“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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Psychiatrist Christine Montross' encounters with patients in crisis thoughtfully weaves history, medicine and memoir.Lauren swallows scissors, light bulbs, batteries, bedsprings, knives. Eddie pinches pennies for plastic surgeries he can't afford and rubs his face raw with sandpaper trying to... Continue reading at Los Angeles Times
[ Los Angeles Times | 2013-07-26 00:00:00 UTC ]
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Bloomsbury is promoting its forthcoming title Crown of Midnight by creating a digital story... Continue reading at The Bookseller
[ The Bookseller | 2013-07-25 00:00:00 UTC ]
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Publishing Perspectives will again publish print editions during the Frankfurt Book Fair. We’re looking for interesting stories that can both inform and delight. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2013-07-22 00:00:00 UTC ]
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Jamie Camplin at Thames & Hudson has acquired world rights in Legacy: The Story of The Face... Continue reading at The Bookseller
[ The Bookseller | 2013-07-18 00:00:00 UTC ]
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Veronica Roth will release four short stories written from the point of view of 'Divergent' hero Four. The first will be released a month before the last book in the trilogy comes out. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2013-06-25 00:00:00 UTC ]
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Having recently rebranded its operations in India under the Amazon name, the retailer announced today that it's launching the Kindle Fire HD 7 and 8.9 there later this month. Due on June 27th, the two tablets will ship for 15,999 ($275) and 21,999 ($380) rupees with access to a reported 1.9... Continue reading at Engadget
[ Engadget | 2013-06-13 00:00:00 UTC ]
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Amazon launched its Kindle ebook platform into China last Christmas, but locals looking to get their mitts on the company's hardware had to look, ahem, elsewhere. Fortunately for everyone but grey market importers, Amazon has released the non-cellular Paperwhite and the two 7-inch Kindle Fire HD... Continue reading at Engadget
[ Engadget | 2013-06-07 00:00:00 UTC ]
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Atlantic Books has signed a non-fiction book detailing the crimes of a nurse dubbed “The... Continue reading at The Bookseller
[ The Bookseller | 2013-06-06 00:00:00 UTC ]
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Reports from China say Amazon will launch both the Kindle Paperwhite and Fire devices in China this June, prices range from 849 RMB ($134) for the Paperwhite and 1400-1500 RMB ($222-238) for the Fires. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2013-05-30 00:00:00 UTC ]
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An anonymous Microsoft source calls talk about Microsoft planning to buy the Nook Media branch of Barnes & Noble 'nothing more than a rumor.' Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2013-05-15 00:00:00 UTC ]
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Simon & Schuster has bought UK and Commonwealth rights in the autobiography of actor and... Continue reading at The Bookseller
[ The Bookseller | 2013-05-02 00:00:00 UTC ]
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The New York Times is one of the initial major publishers to unveil a Google Glass app, which will allow the currently scant number of users of the wearable device to access stories on the go. The app's audio component reads headlines and story summaries aloud and provides breaking news alerts. ... Continue reading at AdWeek
[ AdWeek | 2013-04-27 00:00:00 UTC ]
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Simon & Schuster has acquired the rights to a memoir by Alexander Hanscombe, the son of... Continue reading at The Bookseller
[ The Bookseller | 2013-04-17 00:00:00 UTC ]
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Barton Seaver Imparts Grilling Wisdom for Sustainable Cooking in Where There's Smoke. Continue reading at Publishers Weekly
[ Publishers Weekly | 2013-04-15 00:00:00 UTC ]
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A sense of displacement permeates the 'Telex from Cuba' writer's second novel, set amid the social and political unrest of Manhattan and Italy in the 1970s.Rachel Kushner's house in Angelino Heights feels about a million miles — and a million years — from the tumult embodied in her novels. There... Continue reading at Los Angeles Times
[ Los Angeles Times | 2013-04-12 00:00:00 UTC ]
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"The Office" writer B.J. Novak signed a two-book deal with Knopf. The first title will be a collection of stories based on some of his previous performances. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2013-04-12 00:00:00 UTC ]
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Independent publisher And Other Stories has teamed up with Consortium Distribution to launch a... Continue reading at The Bookseller
[ The Bookseller | 2013-04-11 00:00:00 UTC ]
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Despite budget cuts and insufficient bilingual staffing, United States libraries continue to invest money expanding Spanish-language children’s and YA collections. Continue reading at Publishers Weekly
[ Publishers Weekly | 2013-03-29 00:00:00 UTC ]
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Business Insider has become known all-too-well for making its site sticky with a constant procession of topical or newsy slideshows. Well, the New York-based digital publisher this week started to monetize the idea with a sponsored gallery ad unit, and location-based marketing firm Yext has... Continue reading at AdWeek
[ AdWeek | 2013-03-28 00:00:00 UTC ]
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Weidenfeld & Nicolson's deputy publishing director Arzu Tahsin has bought rights to... Continue reading at The Bookseller
[ The Bookseller | 2013-03-27 00:00:00 UTC ]
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