The New Yorker Wants Younger Readers — But Not Enough to Change Itself
November 25, 2015 at 9:11 am

David Remnick describes his job like this: "to get The New Yorker from one shore to the other shore with our soul intact and...our clothes dry." The shores he's referring to are the very distant beaches of print — that world of glossy paper and ink — and online journalism, the world of ephemeral pixels.…

Pearson’s Big Paydays Defy the Odds Against Print Media
November 24, 2015 at 2:24 pm

It has been tough sledding for print media. More than 150 newspapers have closed or converted to digital-only offerings in the last two years. Recently the magazine giants Condé Nast and Time Inc. have both cut employees and closed magazines. What, then, to make of the recent sales of The Financial Times and The Economist…

Longtime Publishing Exec Bill Wackermann Is Out at Condé Nast
November 23, 2015 at 11:56 am

More big changes are in the works at Condé Nast, which has already seen plenty of upheaval in the past few weeks. This morning, company president Bob Sauerberg announced that longtime publishing exec (and current publisher and CRO of Condé Nast Traveler) Bill Wackermann is getting the boot. He'll be replaced at Traveler by Brendan Monaghan,…

Condé Nast Found Guilty in U.K. Trial Linked to Phone Hacking Scandal
November 20, 2015 at 12:22 pm

Condé Nast has been found guilty of contempt of court by a British judge who ruled that an article published in British GQ risked derailing a trial involving senior staff at the now-defunct tabloid News of the World. Lord Chief Justice John Thomas ruled that the story, “The Court Without a King,” by Michael Wolff,…

Hearst Leaders Offer Rare Glimpse at Company’s Financials
November 20, 2015 at 12:09 pm

What’s the fastest-growing business at Hearst? Not ESPN. Not its 30 TV stations. Not its recent investments in Vice Media or Buzzfeed. The rock star at Hearst at present is Homecare Homebase, a company that provides the software used by home health care agencies. Hearst CEO Steve Swartz offered that tidbit during a Q&A conversation…

Condé Nast to Shutter Details Magazine
November 19, 2015 at 2:58 pm

The December issue of Details magazine will be its last, making the men’s fashion title the latest casualty of the declining print advertising market. Bob Sauerberg, president of Condé Nast, which owns Details, announced the closure to staff on Wednesday. It’s expected that GQ, Condé Nast’s other men’s fashion…

Rodale Shuts Down Custom Content Outfit Grow
November 19, 2015 at 2:33 pm

While a number of big magazine publishers have been expanding their in-house production capabilities for marketing services, in areas like native advertising and branded content, health and fitness publisher Rodale appears to be moving in the opposite direction. Last week, the company shut down Grow, its in-house custom content agency.

Press Release: Meredith Corporation Issues Response To Media General Announcement
November 17, 2015 at 11:02 am

DES MOINES, Iowa, Nov. 16, 2015 /PRNewswire/ -- Meredith Corporation (NYSE: MDP; today issued the following statements in response to a determination made by Media General (NYSE: MEG) to (1) Reject Nexstar Broadcasting Group's (Nasdaq: NXST) unsolicited proposal to acquire Media General; and (2) Engage in negotiations with Nexstar regarding its non-binding unsolicited proposal: "Meredith understands Media…

Verso Warns of Restructuring, Asset Sell-Offs
November 17, 2015 at 10:20 am

Verso Corporation, the largest U.S.-based maker of magazine-quality paper, told customers this morning that "cash flow and liquidity concerns" might force it to restructure or to sell some mills. The announcement is no surprise to Wall Street, where Verso's bonds have been trading at pennies on the dollar in anticipation of a Chapter 11 bankruptcy…