Hearst Business Media and IDG have partnered in the acquisition of Ee365.cn, a news and technology website that will target Chinese engineers. Ee365.cn launched in June 2006 and is divided into 21 channels based on several different industrial segments. China’s Publishing House of Electronic Industry is also involved in the partnership, though the exact details [...]
Standard & Poors has removed Penton Media from its CreditWatch program and affirmed the company’s ‘B’ credit rating. This comes only a little more than a month after Penton called for a salary and hiring freeze, as well as launching a company-wide revenue reforecasting. Despite all this, Penton’s first quarter revenue increased 11 percent, presumably [...]
American Media Inc., announced its fiscal 2008 revenues were $491 million, up about 4 percent over 2007. The publisher attributes its year-end revenue increase to ad revenue gains at Shape, Star and Men’s Fitness magazines, which all increased from 10-21 percent. Folio (June 30, 2008)
Nielsen Business Media is planning to launch a digital “eco” spin-off of one of its titles called “ecoimpressions,” a quarterly that will be “devoted to information and education on eco-friendly products and sustainable practices in the decorated apparel and promotional products industries.” The company says that launching a digital publication is not only an effective [...]
A new study, called “When Advertising Works,” has found that advertisements appearing in traditional media like television, are still “much more likely” to have made a positive impression with consumers compared to ads running in digital media. These findings may be surprising to some, as there seems to be repetition about the success of new [...]
Ziff Davis Media has announced that its bankruptcy restructuring plan has been approved by a New York court and expects to emerge from bankruptcy as early as July 1st. CEO Jason Young says that the court’s confirmation was “a major milestone” and he expects Ziff Davis Media to be “better positioned, with the financial strength [...]
United Based Media and Informa have ceased all discussions about a potential all-share merger. UBM’s press release stated that the board of directors were unable to agree to any terms with Informa that would benefit UBM shareholders. While the merger talks have ended, both companies still acknowledge that combining forces could significantly benefit both companies. [...]
John Janedis, a Wachovia analyst, cut his rating on the newspaper sector last Friday and expects weaker advertising and smaller profits for five publishers in 2008 and 2009. In this new analysis, Janedis expects a 10.4 percent decline in 2008 and a 6.5 percent decline in 2009, which will negatively affect the profits of McClatchy [...]
Entrepreneur Media has named former WiesnerMedia business development vice-president Amy Cosper as their new vice-president and editor-in-chief. This is on the heels of the departures of longtime Entrepreneur Magazine editor Rieva Lesonsky, as well as executive editors Maria Valdez Haubrich and Karen Axelton. These exits come as Entrepreneur Media is said to have completed the [...]
Overall ad spending slowed down in March according to a new report from TNS Media Intelligence. Spending on the top 10 categories fell 1.8 % to 17.4 billion, including national newspapers falling 6.2%, local papers fell 5% and Spanish-language papers slid 5.3%. However, internet ad spending as well as many aspects of television ads did [...]