CBS and Viacom formally announced an agreement to merge on Tuesday, putting back together the two divisions that had split at the beginning 2006. Viacom ceo Robert Bakish will lead the combined company, with CBS acting ceo Joe Ianniello remaining in charge of the CBS unit. CBS shareholders will wind up owning about 61 percent…
Children’s Books Win A Tariff Delay — For Now
In the Trump administration’s ever-changing policy on tariffs for goods imported from China, the United States Trade Representative announced on Tuesday a delay in imposing an additional 10 percent tariff on certain goods — including many electronics — until December 15. They also spared certain products entirely, “based on health, safety, national security and other…
People, Etc.
Wendi Gu has returned to Sanford J. Greenburger Associates as agent; she spent the last two years at Janklow & Nesbit as associate agent. Sarah Phair has joined SJGA as agent after 6 years at Trident Media Group, and Edward Maxwell has been promoted to agent. Jenny Stephens has been promoted to agent at Sterling…
McGraw-Hill Reports Improved Q2 Results, DOJ “Second Request” For Merger Info
McGraw-Hill reported top and bottom line progress in Q2, touting the success of its digital offerings, which now comprise 51 percent of total billings. Sales of $385 million for the quarter were flat, while total billings of $394 million were up $41 million from a year ago. Meanwhile, the cost of servicing its $2.1 billion…
People, Etc.
At Flatiron, Bryn Clark has been promoted to editor and Sarah Murphy to executive editor. Agnes Ahlander Turner has been promoted to executive vice president at Maria B. Campbell Associates, and Beniamino Ambrosi and Johanna Gustavsson both been named vice president. In the UK, Noel Murphy will join Granta Books and Granta Magazine as commercial…
Salinger eBooks Are Released; New Works Will Take Another 5 to 7 Years
Little, Brown announced that they will release ebook editions of J.D. Salinger’s four books for the first time on August 13. His son Matt Salinger notes in the release, ‘There were few things my father loved more than the full tactile experience of reading a printed book, but he may have loved his readers more—and…