The crisis engulfing Pearson Plc deepened Wednesday after the London-based education company cut its profit forecast and predicted years of gloom in the U.S. market. The company has operations in Indianapolis.
The Indianapolis NewsGuild, which represents newsroom and custodial employees at The Star, said Gannett management is threatening to eliminate five journalists if the guild does not go along with the company’s recent decision to outsource The Star’s copy editors.
The giant media firm’s target was elusive from the beginning. It revealed in the spring that it was offering $388 million for the Chicago company, which it said refused to partake in “constructive discussions.”
The Star is seeking to eliminate the paper’s copy desk and move those duties to Louisville. But the newsroom’s union plans to fight to keep the jobs in Indianapolis.
The announcement comes on the eve of the latest deadline that CEO Jeff Smulyan set for shareholders to accept his offer to buy back the company’s stock and one day after Emmis said it would sell four Terre Haute radio stations.
Curt Cavin is leaving The Indianapolis Star after three decades with the newspaper to become vice president of communications for the IndyCar Series.
The Indianapolis-based media company said it saw a lower profit on declining radio and publishing revenue.
Gannett Inc., publisher of The Indianapolis Star, has been actively pursuing an acquisition of the Chicago-based newspaper chain formerly known as Tribune Publishing, but has thus far been rebuffed.
Michael Rubino, former senior editor for Indianapolis Monthly, has been named editor-in-chief after the departure of Amanda Heckert, who ran the city mag since 2012.
The Indianapolis workforce for publisher Pearson has decreased from 850 to 180 full-time workers over the last 18 years, but a company executive told IBJ this week the firm is much more likely to grow here than shrink further.
An open letter written by Indiana Black Expo President Tanya Bell has exposed a major rift between the organization and the market’s two biggest media properties targeting local black audiences.
Emmis Communications Corp. shareholders on Thursday voted to approve a one-for-four reverse stock split that is aimed at avoiding a delisting of the stock by Nasdaq. The media company also announced first quarter results.
Former music editor Katherine Coplen plans to continue with changes to the alternative newsweekly and its online site, as well as beef up political coverage.
The compensation affects purchases made from April 1, 2010, to May 21, 2012. For each e-book that was a New York Times bestseller, consumers will receive $6.93. For all other e-books, the payment will be $1.57.
Under the agreement, Indianapolis-based Action Phase Games will become a regional office for Indie Boards and Cards.
The annual AABP Editorial Excellence competition recognizes print and online writing, photography and design by regional business publications. IBJ competes against business journals from Los Angeles, New York, Chicago and other major cities.
A former employee alleges that Sardar Biglari insisted Maxim devote 50 pages of the December/January issue to Monaco, where he spends significant time, and include features on his favorite cigar shop and on David Letterman, part-owner of the race team Steak n Shake sponsors.
Ed Wenck, former radio personality and current managing editor for Nuvo, is leaving after less than three years at the alternative weekly for a quieter career out of the public spotlight.
Ed Wenck is stepping down as managing editor of Nuvo after nearly three years at the Indianapolis alternative newspaper, he announced Tuesday in a Facebook post.
Relationships among publishers, authors and readers is undergoing serious shifting, with no one certain how this particular drama will wind up.
