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Newsweek Lays Off 12
November 12, 2009

Newsweek editor-in-chief Jon Meacham informed staff yesterday of “about a dozen layoffs” at the newsweekly. In a memo obtained by minonline, Meacham told staffers, “I have no spin to offer.” The cutbacks are a business decision driven by the troubled publishing environment.

Echoing a lament heard in newsrooms around the country across all media, Meacham told colleagues, “We are going to have to do our work with fewer people." He cited a new editorial and Web site strategy this year that is attracting advertisers and engaging readers.

Reed CEO departs as recession bites
November 11, 2009

Reed Elsevier chief executive Ian Smith has resigned after just eight months in the job as the publisher says its key professional information businesses have not escaped the downturn, while advertising and promotion markets are badly hit.

Hearst may have $1B pot of money to spend
November 11, 2009

Hearst Corp., is sitting on a $1 billion war chest, insiders say -- one reason it has tapped an investment banker as its new chief financial officer. Mitchell Scherzer, it was announced Monday, will replace retiring Senior Vice President Ronald Doerfler.

December Looking Up for Some Magazines
November 10, 2009

Scattered reports in the press and some crowing on the part of a magazine or two suggest that the industry is getting a holiday surprise this year: more ad pages than expected.

Case in point – RJR Communications’ American Legacy magazine is touting growth in ad pages of 4% in its Fall 2009 issue over the same issue last year. The company says its pages are up 40% over the Summer 2009 issue and up 20% in revenues, and its Winter 2009/10 issue is up another 5% in pages. The magazine attributes this strength to big brand advertisers like Proctor & Gamble, State Farm and Colgate.

Mag Brands Converge in iPhone Gift Guide
November 10, 2009

Most consumer magazines offer holiday gift guides of one sort or another, but apparently what many shoppers want is someone to aggregate them for easier consultations when in the mall.

Seventeen, Marie Claire, Cosmopolitan, All You, Real Simple, Sunset, Details, Southern Living and Cooking Light will have their editors’ picks for gifts in the app, which is now available in the iPhone/iPod Touch App Store.

United Business Media to Close More Magazines
November 9, 2009

In an interim management statement released Friday morning, London-based trade publisher United Business Media indicated that it plans to shut down more magazines before the end of the year.

Libel threat to force US magazines out of Britain
November 9, 2009

American newspapers and magazines may stop selling copies in Britain and block access to their websites because of the country's draconian libel laws. An article that would be regarded as free speech in America under its constitution’s first amendment becomes actionable in the High Court in London once it is deemed to have been published in the UK.

Hachette Closes Metropolitan Home
November 9, 2009

The upscale home decorating publication Metropolitan Home magazine will fold with its December issue, Hachette Filipacchi announced this morning. For over 26 years the publication has been on newsstands. MH editor-in-chief Donna Warner and an unspecified number of staffers from the magazine will be leaving the company.

Time Inc. Layoffs Begin at Sports Illustrated
November 4, 2009

Layoffs have begun at Time Inc. Approximately 15 to 20 sales and marketing employees were dismissed from Time Inc.’s news group tonight, largely from Sports Illustrated, according to a Time Inc. executive who asked not to be named as the company had not given authorization to discuss the matter.

Vivek Shah Leaving Time Inc. To Go 100 Percent Digital
November 3, 2009

The move, first reported by paidContent, comes at a very difficult time for Time Inc. and the overall news publishing business. Indeed, Time just announced plans to cut about $100 million in expenses, which is expected to include hundreds of layoffs. It was only a year ago, in fall 2008, that the Time Warner cut 600 positions -- about 6% of its workforce at the time -- to generate about $150 million in savings.

Ascend Media Files for Chapter 7 Liquidation
November 3, 2009

After selling off all but one of its business divisions, Overland Park, Kansas-based trade publisher Ascend Media has filed for Chapter 7 liquidation under the U.S. bankruptcy code.

BusinessWeek President Keith Fox to Step Down
November 2, 2009

Keith Fox announced to staffers recently that he is stepping down as president of BusinessWeek but will remain in a “new role” at parent company McGraw-Hill. Before being named president in April 2007, Fox [pictured] served as president of McGraw-Hill Professional. His resignation follows the recent announcement from Stephen Adler that he will resign as editor-in-chief later this year when the magazine’s sale to Bloomberg LLC is expected to be complete.

Top 5 Mag Twitter Accounts: Martha, Ivanka Star in the Tweetscape
November 2, 2009

In a repeat performance, the top five consumer magazine Twitter accounts (based on increase in followers) are Time, People, InStyle, Martha Stewart Living and Health (see chart below). How are they managing to attract so many new followers each month? It seems to come down to a sense of fun, and having a sharp sense of what audiences want to read and retweet.

The Next Hot e-Reader: The iPhone
November 2, 2009

The sharp rise in e-book activity on the iPhone indicates that Apple is positioned to take market share from the Amazon Kindle as it did from the Nintendo DS. Despite the smaller form factor of the display, we predict that the iPhone will be a significant player in the book category of the media and entertainment space. Further, with Apple working on a larger tablet form factor, running on the iPhone OS, we believe Jeff Bezos and team will face significant competition.