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Time Inc. to Lay Off 600 Customer Service Employees After Meredith Acquisition
February 12, 2018 at 11:44 am

Media group Meredith Corporation, which officially acquired Time Inc. last week in a $2.8 billion all-cash deal, is carrying out its promised cost-cutting measure by axing the current Time customer service center in Tampa, Fla., the New York Post first reported. A Meredith spokesperson told Observer that about 600 employees, primarily in Florida, will be let go. That’s about…

Press Release: Bobit Business Media Acquires Events & Media Brands from MG Business Media
February 7, 2018 at 11:05 am

TORRANCE, Calif. (February 6, 2018) – Bobit Business Media (BBM) announced it has acquired four auto dealer-related properties from MG Business Media – Agent Entrepreneur and Providers & Administrators, P&A Leadership Summit and Compliance Summit. These media brands and events target the gatekeepers of finance and insurance products sold into car dealerships, the general agents,…

Press Release: Newscycle Acquires Media Services Group
February 7, 2018 at 10:56 am

BLOOMINGTON, Minn. (February 1, 2018) - NEWSCYCLE Solutions (“Newscycle“), a leading provider of software technologies for the global media industry, today announced the acquisition of Media Services Group, a major supplier of integrated digital publishing, magazine advertising, and event management software for the global magazine and book publishing industries. Based in Scottsdale, AZ with offices in…

Los Angeles Times Owner Sells Paper to Local Billionaire
February 7, 2018 at 10:41 am

The Chicago-based owner of the Los Angeles Times completed its sale of the newspaper on Wednesday in a surprise move that probably spells the end of its long-troubled relationship with Southern California’s leading news outlet. The buyer is Patrick Soon-Shiong, a Los Angeles-area physician and a major shareholder of the paper’s former parent company, Tronc. Soon-Shiong is the…

Meredith Shuffles Execs Ahead of Time Acquisition
January 31, 2018 at 11:17 am

With the sun about to set on Time Inc., new owner Meredith Corp. is shuffling the deck, with Steve Lacy relinquishing the Meredith CEO title to current President and Chief Operating Officer Tom Harty. Lacy, who engineered the $2.8 billion acquisition of Time Inc. — a deal announced in November but expected to be officially finalized on…

Press Release: Condé Nast Acquires Lighthouse Datalab Team
January 24, 2018 at 1:26 pm

NEW YORK (January 22, 2018) - Condé Nast today announced that it has acquired the team from Lighthouse Datalab, a data solutions firm focused on creating value by extracting actionable insights from client data. As a result, founder Sriram Subramanian has been named Head of Data Science, Condé Nast, and will be leading the company’s data science efforts.…

Press Release: Endeavor Business Media Acquires Process Flow Network from Grand View Media
January 24, 2018 at 10:37 am

NASHVILLE, Tenn. (January 21, 2018) - Endeavor Business Media, a publishing and communications company, formed in Nashville, Tenn, in December by media veterans Chris Ferrell, Townes Duncan and Patrick Rains, today announced that it has acquired the Process Flow Network from Grand View Media Group for an undisclosed amount. The transaction was finalized on January 17th…

Doug Manoni Will Step Down as CEO of SourceMedia in 2018
January 22, 2018 at 12:41 pm

SourceMedia CEO Doug Manoni announced on Friday that he’d be stepping down in 2018 and transitioning into the role of executive chairman. Manoni joined Source in 2008 as executive vice president and managing director of the company’s Professional Services Division. During his tenure, Manoni worked to transform the B2B…

Press Release: Farm Journal Expands Data & Analytics Capabilities with Acquisition of Market Research Service
January 19, 2018 at 12:06 pm

LENEXA, Kan. (January 17, 2018) - Farm Journal announced today the acquisition of Market Research Data Service (MRDS). Owner and CEO Matt Yaske has joined Farm Journal as Senior Data Architect. The acquisition significantly enhances Farm Journal’s market-leading data analytics capabilities and integrates proprietary MRDS algorithms directly into Farm Journal’s Farm Reach database. It also…

Britain's Informa Seals $5.2 Billion Deal for Events Organizer UBM
January 19, 2018 at 11:52 am

Britain’s Informa (INF.L) struck a deal to buy conference organizer UBM (UBM.L) for 3.8 billion pounds ($5.2 billion) in cash and stock on Wednesday, forming a world-leading business events and exhibitions group worth 8 billion pounds. The deal, which comes almost a decade after UBM tried to buy Informa, will give it greater scale and…

Bonnier Slashes Magazine Staffs as Five Titles Go All Digital
January 19, 2018 at 11:50 am

In one of the biggest bloodbaths yet to hit a major legacy publisher, Bonnier cut 17 percent of its US workforce, or about 70 positions, as it converted five of its leisure-time print magazines to all-digital and gutted the staff of foodie title Saveur while cutting its frequency. Bonnier Corp. is the US arm of…

Press Release: Veteran Printing Industry Thought Leader Denise Gustavson to Lead NAPCO Media’s Printing, Packaging, and Publishing Group
January 19, 2018 at 10:37 am

PHILADELPHIA (January 18, 2018) - Industry thought leader Denise M. Gustavson has been tasked with leading NAPCO Media’s Printing, Packaging, and Publishing Group, which includes Printing Impressions, packagePrinting and In-Plant Graphics magazines, among other brands, as Editorial Director. “I’ve always admired and loved the creativity and the entrepreneurial spirit print providers in the visual and graphic…

Press Release: Pageant Media Announces the Acquisition of Institutional Investor Journals
January 12, 2018 at 1:32 pm

Pageant Media, the business information specialist, today announces the acquisition of Institutional Investor Journals (II Journals), a business which produces in-depth, original and practical research in global investment and finance aimed at professional institutional investors. The portfolio consists of 12 titles, covering various disciplines in portfolio management and has an extensive online archive of almost…

Hearst Will Sell Its Rodale Book Division to Penguin Random House
January 10, 2018 at 1:52 pm

Hearst said Tuesday it will flip its recently acquired Rodale book division to Penguin Random House. The deal puts under one publisher Al Gore’s “Inconvenient Truth,” Rodale’s 2006 book, and Penguin’s Tom Clancy, Anne Rice and Dean Koontz franchises. Also included is the current Rodale best-seller, “Thug Kitchen: The Official Cookbook: Eat Like You Give…

Time Inc. Sells Essence Communications
January 4, 2018 at 1:29 pm

Time Inc has sold Essence Communications, a media company with a focus on African-American women, to Essence Ventures LLC. Terms were not disclosed, but the sale comes just as Time Inc is to be acquired by Meredith. Essence, an iconic brand since 1970, was bought by private entity Essence Ventures LLC, headed by Richelieu Dennis,…

At Rolling Stone, Prospective Buyers Are in the Final Tire-Kicking Phase
December 20, 2017 at 1:39 pm

A three-month auction for the Wenners’ remaining 51% stake in Rolling Stone, which has been struggling financially, has entered its concluding stage. Several finalists were invited in to receive presentations from Wenner executives before submitting their best and final offers, according to people familiar with the process. A crew from one of those suitors, Penske…

Here Is the Awful Pep Talk Ziff Davis Gave to Mashable After Gutting Its Staff
December 20, 2017 at 11:28 am

The recent trajectory of tech site Mashable has put it at the forefront of some of the worst trends reshaping digital media. In April 2016, it slashed its news team and became one of the first venture-backed publishers to make the infamous “pivot to video.” Its ad-centric business model was nevertheless suffocated by tech giants,…

Condé Nast to Announce Layoffs After Facing 'Terrible Year'
December 18, 2017 at 2:42 pm

The rumor mill is churning furiously regarding the future of Condé Nast in light of two magazine consolidations this year. Recently, Hearst Magazines swallowed up Rodale, and Meredith acquired Time Inc., leaving Condé, arguably the glossiest magazine company, with question marks surrounding its fate. Although sale rumors have been rampant — potential suitors are being…