Archives for July 2023
Xoxopublishing Shuts Down for the “Indefinite Future”
Publishing gossip Instagram account xoxopublishing, that began by posting memes but evolved into an anonymous industry tip-line about layoffs, labor issues and more, writes today that it will “be going on a hiatus with stories” for the “indefinite future.” The account used the stories function to post tips and internal memos from management with names redacted. The person who runs the account works at a major New York publishing house. The account writes on Instagram, “In the meantime, we hope you’ll keep building community with each other, online but especially irl. We need unions and gossip networks and spaces for […]
Vivendi Investigated For Allegations of Premature Involvement with Lagardere
Following media reports alleging that Vivendi violated EU rules by violating its “standstill” agreement and engaging in Lagardere’s business affairs prior to the closing of the merger, the European Commission “has decided to open a formal investigation.” They note that, “An opening of a formal investigation does not prejudge its outcome.” But, as EC antitrust head Margrethe Vestager states in the release, “At this stage, the Commission has gathered sufficient elements to open a formal investigation to determine whether Vivendi has complied with our procedures.” She notes: “Our ex-ante merger control regime, requires that companies notify transactions with an EU […]