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 ]
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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... Continue reading at Columbia Journalism Review
[ Columbia Journalism Review | 2021-02-17 13:33:35 UTC ]
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The company has signed a lease for office space at 200 St. Paul Place, the publisher announced in a memo sent to staff Thursday afternoon. Continue reading at Baltimore Sun
[ Baltimore Sun | 2022-12-29 18:03:18 UTC ]
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Paper owned by Tribune has seen deep cuts to newsroomBaltimore-based group wants paper to become non-profitThe Baltimore Sun has just won the Pulitzer prize for local reporting, despite years of job cuts and as the coronavirus pandemic appears set to ravage the nation’s journalism sector even... Continue reading at The Guardian
[ The Guardian | 2020-05-12 10:00:08 UTC ]
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Brian Stelter, host of CNN’s “Reliable Sources,” highlighted The Sun’s coverage of Mayor Catherine Pugh’s “Healthy Holly” book deals Sunday, saying it showed the importance of local journalism. The Sun “has been able to uncover an incredible City Hall scandal involving Catherine Pugh,” Stelter... Continue reading at Baltimore Sun
[ Baltimore Sun | 2019-04-08 00:00:00 UTC ]
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Brian Stelter, host of CNN’s “Reliable Sources,” highlighted The Sun’s coverage of Mayor Catherine Pugh’s “Healthy Holly” book deals Sunday, saying it showed the importance of local journalism. The Sun “has been able to uncover an incredible City Hall scandal involving Catherine Pugh,”... Continue reading at Baltimore Sun
[ Baltimore Sun | 2019-04-07 20:55:00 UTC ]
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Tribune Co. announced a restructuring of its publishing business Wednesday to focus on its digital efforts and streamline operations, resulting in nearly 700 job losses across the Chicago Tribune, Los Angeles Times and six other daily newspapers. Continue reading at Baltimore Sun
[ Baltimore Sun | 2013-11-21 00:00:00 UTC ]
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Tribune Company has announced a rebranding as Tribune Media Company, following news yesterday that the company would spin off its troubled print publications into Tribune Publishing. The rebranding reflects Tribune's shift from print publication to content, broadcast distribution and digital. ... Continue reading at AdWeek
[ AdWeek | 2014-08-04 00:00:00 UTC ]
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In a competitive six-house auction, Putnam has acquired 'The Escape Game', a YA mystery thriller co-authored by Lunar Chronicles author Marissa Meyer and Lintang series author Tamara Moss; publication is scheduled for April 2026. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-11-14 05:00:00 UTC ]
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At the beginning of Khuê Phạm’s debut novel Brothers and Ghosts, translated by Charles Hawley and Daryl Lindsey, the narrator makes a confession: “I don’t know how to pronounce my own name.” It’s not something you hear often and something unimaginable for many. But for Kiều, the young Vietnamese... Continue reading at Electric Literature
[ Electric Literature | 2024-09-10 11:00:00 UTC ]
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Comma Press has been publishing Palestinian short stories since 2008. Comma’s connection to Palestinian literature deepened however in 2014 when, shortly after bringing out the anthology, The Book of Gaza, all the writers we’d worked with on that book were subjected to 51 days of carpet bombing... Continue reading at Literrary Hub
[ Literrary Hub | 2024-08-27 14:32:12 UTC ]
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An inside look at the publication process for the Pulitzer Prize winner’s second book Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-05-03 04:00:00 UTC ]
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Children of the Sun burst onto the indie scene like a muzzle flash on a dark night. Publisher Devolver Digital dropped the game’s first trailer on February 1, showcasing frenzied sniper shots and a radioactive art style. A Steam demo highlighting its initial seven stages went live that same day... Continue reading at Engadget
[ Engadget | 2024-04-18 19:45:11 UTC ]
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British arm of Rupert Murdoch’s News Corp empire reports near-£54m deficit due to TalkTV costsThe Sun lost £66m last year and its online audience dropped by 4 million readers as the newspaper continued to grapple with the fallout from the phone-hacking scandal.Total losses at the Murdoch-owned... Continue reading at The Guardian
[ The Guardian | 2024-04-09 14:02:36 UTC ]
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The new manga out in August are fantastic — with supernatural coming-of-age stories, chill villains, and more. Start with Akane-Banashi by Yuki Suenaga and Takamasa Moue. Continue reading at Book Riot
[ Book Riot | 2023-08-02 10:35:00 UTC ]
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Watching the new TV adaptation of Gene Luen Yang’s graphic novel American Born Chinese on Disney+, I feel like one of the Chinese immortals in the show who emerges from his den in the basement of a dim sum restaurant: it is as if several lifetimes have passed since I first experienced this... Continue reading at Literrary Hub
[ Literrary Hub | 2023-06-15 08:53:31 UTC ]
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A survey by the Publishers Association found reading to be more popular than going to the cinema or browsing social media, coming second only to watching TVMore people plan to escape into books than go to the cinema this summer, new polling from the Publishers Association has found.The survey by... Continue reading at The Guardian
[ The Guardian | 2023-06-08 08:00:00 UTC ]
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Cartoonist Mattie Lubchansky talks about their debut graphic novel 'Boys Weekend' (Pantheon) which translates their trans-femme experience into a biting lampoon of tech culture and a humorous recap of the relentless disrespect trans folk face every day. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-06-07 04:00:00 UTC ]
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CNN reporter and West Baltimore native John Blake wishes he could give a copy of his new memoir to his mother for Mother's Day. Continue reading at Baltimore Sun
[ Baltimore Sun | 2023-05-11 11:00:00 UTC ]
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Drusilla Jones, who owned an antique children’s book shop in Baltimore, died of end stage Alzheimer’s disease and diabetic complications Oct. 20 at Charter Senior Living. The Lutherville resident was 82. Continue reading at Baltimore Sun
[ Baltimore Sun | 2022-11-04 09:00:00 UTC ]
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Endometriosis is classified by Mayo Clinic as a “common” condition, “treatable by a medical professional.” And yet, when Emma Bolden began experiencing aggressive symptoms of the illness in elementary school, she was treated for decades by doctors who neither believed her account of her... Continue reading at Electric Literature
[ Electric Literature | 2022-10-27 11:05:00 UTC ]
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