Citing mounting vendor debt and declining revenue, Tiger Oak Media—the publisher of more than 30 regional and bridal magazines around the country—has filed for Chapter 11 bankruptcy protection, according to documents filed in U.S. Bankruptcy Court in Minnesota on Monday. The 26-year-old company, which employs 86 staffers across offices in seven states, reported less than $50,000 in assets and between $1 million and $10 million owed to more than 200 different creditors, including printers, event spaces, consultants and other vendors. A list of the 20 largest unsecured claims tops more than $3 million, though most of these are listed as disputed. CEO Craig Bednar, who founded Tiger Oak in 1992 with the launch of Minnesota Bride magazine, said operations will carry on as usual while the company attempts to use Chapter 11 protection to restructure its debts and lower costs, and that its portfolio of titles—which also includes Seattle magazine, Seattle Business, Wisconsin Bride and California Wedding Day, among numerous others—will continue to publish both in print and online. “Our intention is to give Tiger Oak Media a fresh start and overcome the financial concerns that have unfortunately persisted for the past couple of years,” said Bednar in a statement the company provided to Folio:. In the statement, the company primarily blamed a decline in print advertising for the delays in past due vendor payments that led to this week's bankruptcy petition, saying the company has... Continue reading at 'Folio Magazine'
[ Folio Magazine | 2019-10-10 14:55:27 UTC ]
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BuzzFeed is negotiating a sale of much of Complex Networks for under $140 million, less than half of what it paid to acquire it two years ago. Continue reading at The New York Times
[ The New York Times | 2023-10-27 16:26:21 UTC ]
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Jon Favreau, Jon Lovett, and Tommy Vietor, who host the popular politics podcast 'Pod Save America,' will publish their debut book with their Zando imprint, Crooked Media Reads, next June. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-10-19 04:00:00 UTC ]
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Broadleaf is adding a book on the Enneagram—a personality typing system that burst into the religion publishing scene in 2016; IVP signs a prayer guide from religion scholars; and more. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-10-11 04:00:00 UTC ]
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The German publishers association is organizing a Frankfurt Book Fair event to discuss reduced books and literature coverage across the country's news media. The post At Frankfurt: Demand for More Books and Cultural Media Coverage appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2023-10-03 23:29:59 UTC ]
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Business and financial news publisher Bloomberg Media is restructuring its sales and marketing divisions around industries like tech, finance, auto, luxury and consultancy, rather than geography, to streamline operations and strengthen its appeal to advertisers, according to chief revenue... Continue reading at AdWeek
[ AdWeek | 2023-09-28 10:30:00 UTC ]
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AI will change the way that we work. Or so says the most fervent purveyors of the tech, which now includes Microsoft. But after seeing ChatGPT, Dall-E, and other AI systems integrated into the latest versions of Windows 11, Office, and the company’s Microsoft 365 platform, I can’t say that... Continue reading at PC World
[ PC World | 2023-09-26 17:00:00 UTC ]
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Publishers who attended the Digiday Publishing Summit opened up about their top challenges, concerns and curiosities during closed-door, anonymous town hall meetings. Continue reading at Digiday
[ Digiday | 2023-09-21 04:01:00 UTC ]
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During the Digiday Publishing Summit, the COO of VMG’s news and entertainment arm explained how its publishing business plans to bounce back over the next 12 to 18 months. Continue reading at Digiday
[ Digiday | 2023-09-20 04:01:00 UTC ]
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Métro Média will declare bankruptcy this week, permanently ending its coverage of local government in parts of the province's two largest cities, the head of the Quebec newspaper publisher said Sunday. Continue reading at CBC
[ CBC | 2023-09-17 21:15:07 UTC ]
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The best science fiction and fantasy book deals of the day, curated by Book Riot. Continue reading at Book Riot
[ Book Riot | 2023-09-11 13:32:52 UTC ]
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Holt buys a posthumous memoir from Hilary Mantel, Liselle Sambury sells a YA dark academia fantasy to McElderry, and more. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-09-08 04:00:00 UTC ]
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The #1 book in the country is 'The Brothers Hawthorne,' fourth in the Inheritance Games series by Jennifer Lynn Barnes. #2, 'Assistant to the Villain,' grew out of author Hannah Nicole Maehrer’s TikTok skits, and another BookTok favorite, Freida McFadden, debuts at #6 in the country with 'The... Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-09-08 04:00:00 UTC ]
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It was a hot summer of activity within the digital media space as publishers experimented with new technology, rode the social media rollercoaster and looked for ways to offset the hits to ad revenue. Continue reading at Digiday
[ Digiday | 2023-08-31 04:01:00 UTC ]
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Revenue fell to a three-year low as insurance carriers downsized their advertising budgets. Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2023-08-16 10:33:50 UTC ]
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Jess deCourcy Hinds hopefully predicts a new trend in book publishing: the librarian memoir. | Lit Hub Libraries “It’s like someone hitting you on the side of the head. It’s marvelous.” Former Velvet Underground frontman Lou Reed talks to Allan Jones about making an unlistenable album. | Lit Hub... Continue reading at Literrary Hub
[ Literrary Hub | 2023-08-11 10:30:06 UTC ]
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Among the week's headlines: librarians, educators, and publishers grapple with new state book banning laws; bestselling author John Green responds to having his books pulled from library shelves; a proposed judgment has been filed in the Internet Archive copyright case; and PEN America publishes... Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-08-11 04:00:00 UTC ]
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Comics source storytelling inspiration from all manner of media—video game–based graphic novels are a growing trend, but there have also been recent adaptations from such unexpected originals as a suppressed WWII opera and a 1980s cult classic film. These media tie-ins promise a timely remix in... Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-08-11 04:00:00 UTC ]
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Publishers take a collaborative, multiplatform approach in adapting video game IP into comics. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-08-11 04:00:00 UTC ]
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Lifestyle and comedy publisher Betches, which chronicles dating and pop culture for a predominantly female audience, just introduced digital advertising to its newly redesigned website in late July. The move is part of a broader effort to diversify its business and signal a new chapter for the... Continue reading at AdWeek
[ AdWeek | 2023-08-03 11:50:06 UTC ]
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