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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Stephenie Meyer’s 'Midnight Sun' sold more than 1 million copies across all formats last week, Little, Brown reported. The success continues a string of big first-week sales performances for books released during the pandemic. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-08-13 04:00:00 UTC ]
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Tribune Publishing Company says it's closing the newsrooms of five newspapers including The Daily News in Manhattan, the Orlando Sentinel and The Capital Gazette in Annapolis, Maryland Continue reading at ABC News
[ ABC News | 2020-08-12 23:24:40 UTC ]
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Stephenie Meyer's Midnight Sun (Atom) rose 11 places to top the Amazon Charts' Most-Sold: Fiction chart, as the Twilight reboot sold 62,460 copies in hardback to claim the UK Official Top 50 number one through Nielsen BookScan's TCM. Continue reading at The Bookseller
[ The Bookseller | 2020-08-12 02:23:16 UTC ]
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Stephenie Meyer's Midnight Sun (Atom) has risen over the yardarm to hit the UK Official Top 50 number one spot, with 62,460 copies sold in its first three days on sale. Continue reading at The Bookseller
[ The Bookseller | 2020-08-11 12:39:02 UTC ]
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Let your summer getaway include a new Sherlock Holmes adventure, a memoir about reinvention, and two novels that offer insights on racial identity. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2020-07-28 21:20:01 UTC ]
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Let your summer getaway include a new Sherlock Holmes adventure, a memoir about reinvention, and two novels that offer insights on racial identity. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2020-07-28 21:20:01 UTC ]
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Let your summer getaway include a new Sherlock Holmes adventure, a memoir about reinvention, and two novels that offer insights on racial identity. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2020-07-28 21:20:01 UTC ]
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CEO of News UK, Rebekah Brooks, tells staff pandemic has hammered print sales and advertising revenueThe publisher of the Sun and the Times has warned of impending job losses as part of a major cost-cutting programme as the coronavirus pandemic hammers newspaper sales and advertising... Continue reading at The Guardian
[ The Guardian | 2020-06-11 12:06:20 UTC ]
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In the inaugural episode of its new digital webcast series, SVWC NOW, the Sun Valley Writers’ Conference presents bestselling author (My Own Country, Cutting for Stone), physician, and winner of a 2015 National Humanities Medal, Dr. Abraham Verghese in conversation with novelist and SVWC... Continue reading at Literrary Hub
[ Literrary Hub | 2020-06-10 17:00:11 UTC ]
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Seven Dials has acquired a book by the stars of the Channel 4 series "Escape to the Chateau" that will be hitting shelves in October 2020 as "a superlead release". Continue reading at The Bookseller
[ The Bookseller | 2020-06-03 18:59:08 UTC ]
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“The Dragons, the Giant, the Women” is a migration memoir of separations, relocations and reunions. Continue reading at The New York Times
[ The New York Times | 2020-06-02 09:00:08 UTC ]
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While many readers have understandably found refuge from pandemic anxiety with thick biographies and door-stopping classics, others have had trouble focusing for long periods. With work laptops constantly open and homeschooled children orbiting, the solution to our short attention spans might be... Continue reading at Literrary Hub
[ Literrary Hub | 2020-06-02 08:48:22 UTC ]
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As soon as people discovered the pleasures of a diverting novel, some starchy scold swooped in to make them feel bad. Continue reading at The Washington Post
[ The Washington Post | 2020-05-27 12:00:00 UTC ]
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Need a break from the present? Dive into the past with these historical manga series, which feature epic quests, blood-soaked revenge, or gentle romance! Continue reading at Book Riot
[ Book Riot | 2020-05-14 10:36:45 UTC ]
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It’s no surprise that people read a lot when stuck at home. But novels are more than a way to kill timeIt’s no surprise that keen readers have looked to books for historical analogues or literary insights into the coronavirus outbreak. Sales of the English translation of Albert Camus’s 1947... Continue reading at The Guardian
[ The Guardian | 2020-04-19 17:25:44 UTC ]
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‘Three Hours in Paris’ follows an American sharpshooter as she tries to do the impossible: kill Hitler. Continue reading at The Washington Post
[ The Washington Post | 2020-04-16 13:00:00 UTC ]
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Want to get lost in a good book — or four? You couldn’t do much better than these. Continue reading at The Washington Post
[ The Washington Post | 2020-03-23 18:55:00 UTC ]
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Early last year, the city of Baltimore faced an odd political scandal involving then-Mayor Catherine Pugh and her self-published children’s book series about a health-conscious young girl named Healthy Holly. The Baltimore Sun broke the news that while Pugh was a board member of the University... Continue reading at Literrary Hub
[ Literrary Hub | 2020-02-27 20:09:58 UTC ]
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Fraud involving the former mayor's "Healthy Holly" books generated more than $850,000, prosecutors said. Continue reading at HuffPost
[ HuffPost | 2020-02-27 19:47:47 UTC ]
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Accounts show parent firm still spending an eighth of revenue dealing with phone hackingThe Sun recorded a loss of £68m last year amid falling print sales and the enormous cost of phone-hacking claims against its parent company from figures including Sir Elton John and Heather Mills.Rupert... Continue reading at The Guardian
[ The Guardian | 2020-02-23 15:59:03 UTC ]
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