Great Hill Partners, a private equity firm, bought The Onion from Univision Communications Inc. Plus, the firm bought several other Gawker Media properties, including Gizmodo, Deadspin and Jezebel, to Great Hill Partners. Great Hill Partners has enlisted veteran digital editor Jim Spanfeller to run the new outfit. Spanfeller once headed Forbes.com and went on to build a digital content company that he sold to Tronc Inc.—not an intentionally satirical name itself, and later changed back to Tribune Publishing -- in 2017. He will be a “significant” investor in the new company created from the Univision assets, to be called G/O Media, Great Hill said in a statement. The sale, for undisclosed terms, marks the second ownership change for the former Gawker Media empire in three years. Univision bought the former Gawker sites, except the namesake flagship, for $135 million in a 2016 bankruptcy auction, intent on expanding beyond its niche in Spanish programming. The company struggled to get a return from its online properties and has offered employees buyout packages to cut costs. Since the 2016 sale, the fortunes of digital-media companies have soured as Facebook Inc. and Google have taken ever-larger shares of online advertising dollars away from publishers. Other digital-media companies, including BuzzFeed Inc. and Vice Media Inc., have dismissed employees in recent months as the industry tightens its belt. — Bloomberg News Continue reading at 'Advertising Age'
[ Advertising Age | 2019-04-09 00:00:00 UTC ]
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Despite generating $5 million in sales a year, Neil Van Uum is closing Booksellers at Laurelwood in Memphis, Tenn., citing rent hikes and slowing sales as the culprit. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-01-10 00:00:00 UTC ]
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A secondhand bookshop owner in North Yorkshire who charges customers 50p for entry has received complaints about rudeness after calling a customer a “pain in the arse”, according to a Press Association report. Continue reading at The Bookseller
[ The Bookseller | 2017-01-06 00:00:00 UTC ]
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'We see Brazil as an area of growth' both for HarperCollins content imported and for Brazilian authors, says HarperCollins chief Brian Murray. The post HarperCollins Becomes Full Owner of HarperCollins Brasil appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2017-01-04 00:00:00 UTC ]
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PubWest has named Chuck and Dee Robinson, owners of Village Books in Bellingham and Lynden, Wash., recipients of the 2017 Jack D. Rittenhouse Award. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-11-21 00:00:00 UTC ]
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Two of the country’s most iconic bookstores are about to change hands. The management team is buying Village Books and Paper Dreams in Bellingham, Wash., while a local D.C. restaurateur is purchasing Kramerbooks & Afterwords Cafe. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-11-21 00:00:00 UTC ]
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The announcement that US private equity firm Advent International has finally found a buyer for Germany’s largest brick-and-mortar bookseller Thalia had long been expected. Continue reading at The Bookseller
[ The Bookseller | 2016-07-13 00:00:00 UTC ]
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Gannett hopes to make $50m a year in savings from takeover of Tribune PublishingGannett, which owns local newspaper publisher Newsquest in the UK, has made a $12.25 (£8.44) per share offer to take over Tribune Publishing.The all-cash offer, a 63% premium on Tribune’s closing share price on... Continue reading at The Guardian
[ The Guardian | 2016-04-25 00:00:00 UTC ]
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The Big Green Bookshop has been inundated with donations after it was targeted by a thief on Wednesday. Continue reading at The Bookseller
[ The Bookseller | 2016-04-09 00:00:00 UTC ]
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Newspaper publisher Digital First Media is getting a discount on its purchase of the Orange County Register and Riverside Press-Enterprise. A federal bankruptcy court judge this morning approved a final purchase price of $49.8 million for the assets of bankrupt Santa Ana publishing company... Continue reading at Los Angeles Times
[ Los Angeles Times | 2016-03-31 00:00:00 UTC ]
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The trade group representing European movie theater owners has rejected a proposed in-home film-screening service from technology investor Sean Parker. Parker, an entrepreneur who served as Facebook's first president, is pitching a home-video service that would give users access to films when... Continue reading at Los Angeles Times
[ Los Angeles Times | 2016-03-18 00:00:00 UTC ]
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Print-lovers, rejoice! At a tech festival, no less: The Onion, which stopped publishing a print edition in December 2013, is returning to print for one issue only as part of a partnership with Yoplait's Plenti Oatmeal Meets Greek Yogurt, starting with distribution at South by Southwest... Continue reading at Advertising Age
[ Advertising Age | 2016-03-14 00:00:00 UTC ]
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Longtime East Hampton, N.Y. resident Carolyn Brody has purchased the 45-year-old East Hampton store. Roxanne Coady and her bookstore team from R.J. Julia will manage the store. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-03-08 00:00:00 UTC ]
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The miracle on Third Street continues. With beloved New York City indie St. Mark's Bookshop on the brink of shutting its doors, owner Bob Contant has revealed there is a “real possibility” that a new store will open in St. Mark's current location. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-02-22 00:00:00 UTC ]
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The speculative fiction press Candlemark & Gleam has been acquired by writer, editor and scientist Athena Andreadis. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-11-18 00:00:00 UTC ]
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Several months after buying Shakespeare & Co, Dane Neller, cofounder of the company that makes the Espresso book machine, is busy transforming the store with an eye toward national expansion. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-11-13 00:00:00 UTC ]
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Bookseller Michael Evans sees great possibilities ahead for historic Lexington Market and Baltimore's west side, where his family has built a business over three decades.While other independent bookstores have shut down and even big chains have struggled to stay relevant in an age of ebooks,... Continue reading at Baltimore Sun
[ Baltimore Sun | 2015-10-31 00:00:00 UTC ]
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Although Microsoft’s Surface Book is officially just a few days old, the “ultimate laptop” is being hit by a wave of unexpected lockup problems that has concerned new users. A thread on Microsoft’s support forums has begun to gain steam, with users reporting similar symptoms: The notebook just... Continue reading at PC World
[ PC World | 2015-10-28 00:00:00 UTC ]
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German publisher, Axel Springer, agrees to buy a controlling stake in the US news website Business Insider for $343m (£226m). Continue reading at BBC News
[ BBC News | 2015-09-29 00:00:00 UTC ]
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Linghams Bookshop in Heswall (Merseyside) has been bought by new owners Sue Porter and Mike King. The 2013 Bookseller Industry Awards’ Independent Bookshop of the Year was put up for sale last September by its owners Eleanor and Peter Davies, who had decided the time was right to retire. Continue reading at The Bookseller
[ The Bookseller | 2015-09-14 00:00:00 UTC ]
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Publishing group Pearson - which is selling its Financial Times newspaper - reports a first half loss of £115m compared with £36m a year earlier. Continue reading at BBC News
[ BBC News | 2015-07-24 00:00:00 UTC ]
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