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“#Sports Illustrated publisher facing board revolt” The thinly traded public company that publishes Sports Illustrated and owns theStreet.com is facing a shareholder revolt as its stock continues to trade under $1 despite its recent push to run major media assets. Two large shareholders filed preliminary proxy documents with the Securities and Exchange Commission last week…
“#Atlantic Media taps top editor of Conde Nast’s Wired as New CEO” In an unusual move in the publishing world, Atlantic Media tapped Nicholas Thompson, the editor in chief of Wired magazine, to be its new CEO after a year-and-a-half-long search. Atlantic is hiring 45-year-old Thompson — who has spent the past 15 years as…
“#Meredith braces for union battle” Publishing giant Meredith is bracing for a union battle. The News Guild of New York said more than 90 percent of the editorial staff at Entertainment Weekly, Martha Stewart Living, Shape and People TV have opted to be represented by the union, but Meredith is digging in and said it…
“#TheMaven hasn’t filed financial docs in nearly three years” Thinly traded public company TheMaven, publisher of Sports Illustrated and owner of TheStreet.com, wants to try to juice its penny-stock price by approving a reverse stock split. Nevertheless, company has not filed any financial-disclosure documents in nearly three years. “We anticipate filing the statements for 2018…
“#Mary Trump sells ‘Too Much and Never Enough’ follow-up” Mary L. Trump has sold a follow-up book to her debut best-seller, “Too Much and Never Enough,” to St. Martin’s Press. The new tome, which will again slam her uncle, President Donald Trump, will be called “The Reckoning” and will hit shelves July 20, 2021. We…
“#Book industry’s biggest trade show just got canceled for 2021” The book world’s biggest trade show, BookExpo and its consumer-facing spinoff BookCon, will be scrapped next year due to the lingering effects of the pandemic. The show’s organizer, Reed Exhibitions, said that the big in-person gatherings will be replaced by a yet-to-be determined hybrid of…
“#Entertainment Weekly Editor departs as successor search is underway” The top editor at Entertainment Weekly, JD Heyman, is out, and a search for a successor is underway. “JD Heyman and Entertainment Weekly/Meredith Corporation have parted ways effective immediately,” a company spokeswoman said. “Meredith thanks JD for his contributions to the EW and People brands over…
“#Penguin Random House, Simon & Schuster propose $2.2B mega-merger” Penguin Random House has reached a $2.2 billion deal to acquire Simon & Schuster from ViacomCBS — a tie-up that would create a colossus distributing about a third of all books sold in the US. The merger would create a publishing house of unrivaled size with…
“#National Book Award wins for ‘Interior Chinatown,’ Malcolm X bio” Diversity was very much the dominant theme of the first-ever virtual National Book Awards Wednesday night with Walter Mosley being granted the lifetime achievement award and the individual book wins dominated by minority authors. “This is our night,” quipped “All American Boys” author Jason Reynolds,…
“#Book publishers ready to hit pause on political titles after the election” Political books, which have powered to the top of bestseller lists throughout this year, appear ready to take a pause in the wake of the combative presidential race between Donald Trump and Joe Biden. The one exception is notable, to say the least:…