Consumer

What the Blockbuster Sale of Time Inc. Means
November 27, 2017 at 3:38 pm

The $3 billion Sunday evening sale of Time Inc., long the king of magazine companies, is stunning for not being stunning. It will now be a footnote, albeit an important one, to a digital revolution that has altered the basic business models of once omnipotent media companies. But it doesn't necessarily mean that famous titles such…

‘Jack-of-All-Trades, Master of None’: Why Mashable Flamed Out
November 21, 2017 at 9:42 am

Few images better capture the unfettered optimism and indignity of digital media than 2014 at South by Southwest, where a line of hoodie-wearing attendees snaked around the block at Mashable House, a pop-up lounge run by the tech news site, to get their picture taken with Grumpy Cat. Nearby, AOL “digital prophet” Shingy swung on…

Meredith Bid for Time Inc. Said to Be Backed by Koch Brothers
November 17, 2017 at 12:16 pm

Time Inc. is said to be in talks to sell itself to the Meredith Corporation, in a deal backed by Charles G. and David H. Koch, the billionaire brothers known for supporting conservative causes. Talks between Time Inc., the publisher of Time and People, and Meredith, the publisher of Family Circle and Better Homes and…

Marijuana Publishing Is a Growth Industry—Except in Mexico
November 9, 2017 at 1:40 pm

Marijuana media is a high-growth U.S. industry: A majority interest in High Times sold earlier this year for $70 million, and other cannabis publications have sprung up across the country, including The Cannabist, LadyBud, and Marijuana Business. And the quality of cannabis coverage has improved across the media, with serious stories in major outlets. But…

Paper Magazine Sold to Tom Florio’s New Media Group
November 9, 2017 at 1:29 pm

NEW YORK, United States — Paper Communications co-founders and co-chief executives Kim Hastreiter and David Hershkovits, who founded Paper Magazine in 1984 and grew it into an influential arbiter of pop culture and fashion, have sold the company to a newly formed media group founded by Tom Florio, Condé Nast publishing veteran and former chief…

The Year in Mobile Push Alerts
November 6, 2017 at 1:46 pm

It has been an exhausting, exasperating, anxious year. A year of relentless assault, as one news break after another pushed its way into our daily existence and found us where we live, interrupting family dinners and drinks with friends, errands and work, rough patches and best-laid plans. No matter who you voted for or what…

Podcast: The Rise and Fall of Jann Wenner and Rolling Stone
November 3, 2017 at 2:38 pm

Jann Wenner revolutionized the magazine business and brought rock 'n' roll to the masses with the launch of Rolling Stone in 1967. The magazine quickly skyrocketed in popularity, helping to define rock music, and eventually, all of pop culture. In a recent podcast, Recode Media's Peter Kafka spoke with the author of Sticky Fingers and…

What Newsstand Professionals & Rodney Dangerfield Have in Common
November 3, 2017 at 1:49 pm

A few weeks ago I was one of 45 other newsstand professionals who broke bread at the 30th Anniversary of the Hudson Retail Group, the largest operator of concessions in the U.S. and Canada. It was an enjoyable night, and with the limited number of uplifting functions in…

New York Times Co. Increases Revenue, Books Healthy Third Quarter Profit
November 1, 2017 at 2:28 pm

The New York Times Co. is suffering the same miserable print advertising losses as others in the industry — down 20% year-to-year for the third quarter. But the Times, unlike the rest of the public news companies, still achieved revenue growth — 6% for the quarter — thanks to another surge in digital subscriptions and…