WPP confirmed on Monday it is in exclusive talks with Bain Capital to sell its majority stake in Kantar to the Boston-based private-equity firm, following "press speculation." The potential deal values the data, insights and consulting giant at $4 billion, according to WPP's statement that confirmed an earlier Bloomberg report. "Bain Capital's proposal is subject to negotiation," the statement read. "There is no certainty that these discussions will result in a transaction involving Kantar. Any further announcement will be made as appropriate." WPP declined to comment further. Kantar and Bain Capital did not immediately return requests for comment. R3 co-founder and principal Greg Paull told Ad Age that the deal would make sense. "This would be a logical move for [Bain Capital] to expand their insights base and connect into some of their other assets," Paull said. "The sector is buoyant right now with Nielsen also looking at strategic options." Media research firm Nielsen began a strategic review of its business last year, employing financial advisors J.P. Morgan Securities and Guggenheim Securities to assess, among other options, a sale of the company. CNBC reported in April that Advent International and Apollo Global Management were among the bidders for Nielsen. Apollo reportedly was also competing against Bain Capital in the final round of the auction for Kantar. CVC Capital Partners and Apax Partners were said to be early bidders for Kantar as well, but... Continue reading at 'Advertising Age'
[ Advertising Age | 2019-07-01 20:08:21 UTC ]
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We spoke to Melissa Cummings-Quarry, co-founder of the Black Girls Book Club, about the club's plans for the future and thoughts on diversity in the publishing industry. Continue reading at The Bookseller
[ The Bookseller | 2018-09-20 00:00:00 UTC ]
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Government Executive Media Group is in the midst of an ongoing evolution. Once a traditional b2b publisher with print editions, it's now a digital-only organization with a number of innovative products. Its business model doesn't support user-based revenue and instead focuses in other areas,... Continue reading at Folio Magazine
[ Folio Magazine | 2018-09-19 00:00:00 UTC ]
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HBG's purchase involves Worthy’s entire publishing business, and Worthy founder Byron Williamson will become v-p, publishing development for Hachette Nashville, and will join HBG’s senior management group. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-17 00:00:00 UTC ]
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Salesforce founder Marc Benioff and his wife Lynne agreed to acquire Time magazine from Meredith for $190 million in cash, joining Jeff Bezos among tech billionaires buying venerable print publications.The move thrusts the brash 53-year-old entrepreneur, who helped lead the shift of software to... Continue reading at Advertising Age
[ Advertising Age | 2018-09-17 00:00:00 UTC ]
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Headline has acquired Gmorning, Gnight!, a book sharing the best motivational pep talks from the creator of the musical "Hamilton", Lin-Manuel Miranda. Continue reading at The Bookseller
[ The Bookseller | 2018-09-14 00:00:00 UTC ]
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We sit down with the author and librarian about his new book, 'Fake News, Propaganda, and Plain Old Lies,' and ask why it’s more important than ever to consider the source. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-14 00:00:00 UTC ]
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PW talks with Tara Walker, v-p and publisher at Penguin Random House Canada Young Readers. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-14 00:00:00 UTC ]
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British author John Gray criticizes the modern atheist movement for replacing God with human beings and puts forward his view of what a true atheist ought to be in his new book, ‘Seven Types of Atheism.’ Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-12 00:00:00 UTC ]
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After reporting disappointing Q1 results on Thursday, Barnes & Noble saw its stock price jump on Friday following a new investment by Richard Schottenfeld, the head of an eponymous investment firm that took a 5.58% stake in the book chain in July. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-07 00:00:00 UTC ]
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HarperCollins Children’s Books is to publish Happy Girl Lucky, the first book in The Valentines series – described as a "major" new launch from Holly Smale. Continue reading at The Bookseller
[ The Bookseller | 2018-09-07 00:00:00 UTC ]
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Praised for his handling of Trump's attempt to 'intimidate a publisher', Macmillan CEO John Sargent will speak at the Frankfurter Buchmesse this year. The post Macmillan’s John Sargent Is Featured at Frankfurter Buchmesse’s CEO Talk appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-08-28 00:00:00 UTC ]
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UK rights in the first book by Netflix c.e.o. and co-founder Reed Hastings have gone to Ebury for a high six-figure advance following a multi-publisher auction. Continue reading at The Bookseller
[ The Bookseller | 2018-08-25 00:00:00 UTC ]
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In her first work of historical fiction, bestselling author Patti Callahan explores the life and love of Joy Davidman, the wife of C.S. Lewis. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-08-24 00:00:00 UTC ]
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Faber will publish its first US market exclusive with English writer and former music journalist Will Ashon’s forthcoming book from Granta, with plans to further ramp up its American list. Continue reading at The Bookseller
[ The Bookseller | 2018-08-22 00:00:00 UTC ]
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In her follow-up to ‘Woman Most Wild,’ Danielle Dulsky encourages female readers to reconnect with nature and rediscover their instinctive womanhood in ‘The Holy Wild.’ Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-08-21 00:00:00 UTC ]
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English professor Karen Swallow Prior draws inspiration from both literature and Christian virtues to encourage readers to learn about themselves and the world. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-08-08 00:00:00 UTC ]
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As the Association of American Publishers' StatShot Annual is citing, BookNet Canada's English-language market sees online retail edging up on physical-store retail, though print is flat in the first six months of 2018. The post In a ‘Steady’ First Half, BookNet Canada Sees Audiobook Purchases 4... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-08-06 00:00:00 UTC ]
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To help bookstores in the South improve their bottom line, SIBA is going to test nonbook items as it searches for a single batch exclusive product, with a high margin, that bookstores throughout the region can sell. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-07-31 00:00:00 UTC ]
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The Schottenfeld Management Corp. has acquired over 4.1 million shares of Barnes & Noble and says in a filing that it has already talked to the retailer about actions it can take to improve shareholder value. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-07-24 00:00:00 UTC ]
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Publishers need to speak up and champion reading in the face of the erosion of the book stock in England’s public libraries, says Tim Coates. Continue reading at The Bookseller
[ The Bookseller | 2018-07-18 00:00:00 UTC ]
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