The Wall Street Journal’s Heard on the Street column says the the 35% drop in the Time Inc.’s third-quarter operating income, dragging down Time Warner’s overall growth, should bolster the case for a sale of (some or all) the magazines, lest the “sell-by” dates on these media properties expire. Time would likely fetch a premium [...]
Speaking at the Folio: Show in Chicago, Time publisher Ed McCarrick said that online advertising currently accounts for ten percent of revenue, but he thinks that number will increase to 35 percent eventually. “We’re putting together a multifaceted approach and it’s no longer clean in terms of one media being separate from another.” McCarrick [...]
Time Inc. has eliminated 14 of 17 editorial positions at Fortune Small Business in order to better transition the magazine’s editorial operations into its custom Content Solutions division. Time Inc. will attempt to place the affected employees in “appropriate positions” throughout the company. Folio (July 30, 2008)
American Express Publishing has recently formed a partnership with Time Inc.’s book arm to distribute Food & Wine branded books. As part of the deal, Time Inc. Home Entertainment will distribute American Express Publishing’s Food & Wine Annual Cookbook, Food & Wine Best of the Best: The Best Recipes from the Best 25 Cookbooks of [...]
The August issue of In Style magazine sports a new design to match the recent changes at the top of the masthead. Faced with intense pressure from fashion and celebrity competitors, the 14-year-old-title hopes the changes will strengthen the magazines presence. Women’s Wear Daily (July 10, 2008)
Maghound.com, Time Inc’s online subscription service for magazines, is finally set to launch this September, after nearly 4 years of development. So far, 280 titles are currently online with the service, with hopes to have 300 participating by the launch, and 400 by the end of the year. The site lets users choose titles from [...]
Time Warner Inc. is looking for a buyer for AOL’s dial-up business, after the company completes its separation from the Platform A advertising division sometime in July. Time Warner has put its sales talk with rival dial-up company/potential buyer EarthLink on hold in order to be able to focus completely on its separation. Sources say [...]
Susan Lyne resigned as CEO of Martha Stewart Living Omnimedia yesterday, but her career looks like it is far from over. The New York Post reports that Lyne is having lunch with Time Inc. CEO Ann Moore next week, a meeting that was scheduled the same day as Lyne’s resignation. While Lyne insists that nothing [...]
U.S. News & World Report will be dropping to a biweekly frequency starting in 2009, ceding its troubled category to larger rivals Time and Newsweek. With the decline of their print editions, the newsweeklies are putting a lot of stock in their websites, as they expect their audience to grow due to the instant updates [...]
MaryAnne Golon, longstanding photo director at Time magazine, will be leaving after a 24-year stint with the publication. She started working there in ‘82, and aside from a brief period at U.S. News and World Report, she has been there since. Alice Gabriner will be replacing Golon as chief picture editor, and will also carry [...]