In December, Alden Global Capital, a New York City hedge fund and media investor, confirmed, in a filing with the Securities and Exchange Commission, that it was looking to acquire Tribune Publishing, which owns the Chicago Tribune, the New York Daily News, and the Hartford Courant, as well as other local newspapers in Pennsylvania, Maryland, Virginia, and Florida. Tribune already counted Alden as its largest shareholder; Alden was offering $14.25 per share to take full control of the company. Yesterday, following weeks of wrangling, Tribune announced its intention to sell to Alden at $17.25 per share. The deal as a whole is valued at $630 million, and would take Tribune private. Alden has become notorious—and widely reviled—for its tactic of ruthlessly slashing costs at its existing media properties; in 2018, staffers at the Denver Post, where management had just moved to cut thirty jobs, assailed their owners as “vultures” in an editorial that resonated across the media industry. “Media observers note that they make cuts almost from day one. Pens and notebooks disappear from newsrooms. One newsroom was missing hot water. Then newspaper buildings are sold, and staff is consolidated and cut,” CJR’s Savannah Jacobson wrote in a profile of Alden last year. “Despite earning higher profits than is typical in the industry, the NewsGuild says that between 2012 and 2019, Alden cut 71 percent of jobs in the hedge fund’s Guild-represented newsrooms.” (In their rare public... Continue reading at 'Columbia Journalism Review'
[ Columbia Journalism Review | 2021-02-17 13:33:35 UTC ]
The first week print sales nearly matched Barack Obama’s “A Promised Land,” and put her well ahead of Prince Harry’s “Spare.” And she did it while selling only at Target, avoiding Amazon and bookstores. Continue reading at The New York Times
[ The New York Times | 2024-12-05 23:43:11 UTC ]
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Penguin Random House has announced the forthcoming paperback edition of the Duke of Sussex’s memoir, which will be released in the U.S. on October 22. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-08-26 04:00:00 UTC ]
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Book authors Andrea Bartz, Charles Graeber, and Kirk Wallace Johnson are accusing Anthropic of copyright infringement. A group of authors is suing artificial intelligence startup Anthropic, alleging it committed “large-scale theft” in training its popular chatbot Claude on pirated copies of... Continue reading at Fast Company
[ Fast Company | 2024-08-20 12:37:17 UTC ]
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Royal told to attempt to retrieve messages, which judge says may be relevant to his legal battle with NGNThe Duke of Sussex has been ordered to explain why messages with his ghostwriter were destroyed after the publication of his memoir Spare when they could be relevant to his legal battle with... Continue reading at The Guardian
[ The Guardian | 2024-06-28 08:45:03 UTC ]
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Job cuts add to costs for streaming service but it gains 10m premium subscribers in fourth quarterSpotify’s push beyond music has tipped the streaming service into the red again, after it acquired the rights to 200,000 audiobooks for premium subscribers, with Prince Harry’s autobiography and... Continue reading at The Guardian
[ The Guardian | 2024-02-06 15:45:35 UTC ]
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The rollout of “Endgame” caused a scandal after a quickly withdrawn translation named family members said to have asked about the skin color of Prince Harry and Meghan’s future son. Continue reading at The New York Times
[ The New York Times | 2023-11-30 16:38:36 UTC ]
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A new feature on Apple Books gives users Spotify Wrapped–style insights into their reading habits in 2023—a year in which Jack Carr, Prince Harry, Britney Spears, and Rebecca Yarros topped the Apple Books charts. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-11-28 05:00:00 UTC ]
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The 2010s legal drama has broken records since hitting US Netflix, shining light on viewing patterns in a fragmented television landscapeSince I work in the business of talking television, I am often asking people what they’re watching. And this summer, the predominant answer – usually in the... Continue reading at The Guardian
[ The Guardian | 2023-08-17 18:02:26 UTC ]
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A Canadian author says a production company belonging to the Duke and Duchess of Sussex has bought the screen rights for her romantic novel. Continue reading at CBC
[ CBC | 2023-08-08 18:39:04 UTC ]
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Author says paparazzi and reporters began to follow him in his car and snoop around his homePrince Harry’s ghostwriter has said he bonded with his subject over the “callousness” of paparazzi and media after the “frenzied mob” around the book Spare led to photographers and journalists invading... Continue reading at The Guardian
[ The Guardian | 2023-05-09 03:35:56 UTC ]
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Duke of Sussex has alleged royal family agreed not to sue newspaper publisher in return for an apology and settlementPrince Harry does not blame Queen Elizabeth II for backing an alleged secret phone-hacking deal between the royal family and Rupert Murdoch’s newspapers, the high court has... Continue reading at The Guardian
[ The Guardian | 2023-04-26 14:40:32 UTC ]
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Prince Harry’s memoir has sold more than a million copies since its January release, making it the #1 book in 2023 so far. But the year is still young, and Colleen Hoover and Dav Pilkey are hot on Harry’s heels. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-04-07 04:00:00 UTC ]
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Prince Harry's tell-all memoir 'Spare' is getting a parody spoof with 'Spare Us! A Harrody' to be released next month. Continue reading at Los Angeles Times
[ Los Angeles Times | 2023-03-23 19:59:45 UTC ]
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The portrait is stern, defiant, of bountiful hairline. Shot by Ramona Rosales for the cover of Prince Harry’s memoir Spare, it planted a flag in the golden Californian soil and hung a shark-tooth necklace around the decrepit institution it set out to eviscerate. Tiled in your local Barnes &... Continue reading at Literrary Hub
[ Literrary Hub | 2023-03-03 15:21:13 UTC ]
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With sales of Prince Harry’s 'Spare' slowing, unit sales of print books fell 4.2% last week compared to the week ended January 29, 2022 at outlets that report to NPD BookScan. The decline put an end to a two-week sales rally spurred by 'Spare.' Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-02-02 05:00:00 UTC ]
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These ten moments from SPARE are among the weirdest in this bestselling and highly anticipated memoir from Prince Harry. Continue reading at Book Riot
[ Book Riot | 2023-01-25 11:39:00 UTC ]
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Prince Harry's 'Spare' sold more than 195,000 copies in its second week on sale, helping to lift print book sales 1.2% last week over 2022. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-01-25 05:00:00 UTC ]
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Publishing experts say the highly discounted product launches for mega-marketed books like Spare are an entrenched method big booksellers use to get people into stores, especially in an era where online competition is only a click away. ... Continue reading at CBC
[ CBC | 2023-01-21 09:00:00 UTC ]
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Welcome to Prince Harry's house: 'Spare' is the #1 book in the country. Plus Jamie Oliver helps home cooks with the dishes, and a pair of second-in-a-series books enjoy better first weeks than their predecessors. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-01-20 05:00:00 UTC ]
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'Spare,' the memoir by Prince Harry, sold nearly 630,000 print copies in its first week on sale at outlets that report to NPD BookScan. Even with that huge debut, total sales rose only 1.4% last week over the week ended January 15, 2022. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-01-19 05:00:00 UTC ]
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