The word from my inside source is that the deal to sell The Hollywood Reporter and several other flagship Nielsen titles -- like Billboard -- may be done by Friday. WaxWord reported a week ago that the ailing trade THR was about to be sold to James Finkelstein, a young publisher based in New York whose family's News Communications Inc owns the "Who's Who" series.
Here’s yet another content creator convinced that Apple has a tablet device in the works: Condé Nast says it will have a digital version of Wired magazine ready for the rumored gadget by the middle of next year and will eventually create similar versions for all of its 18 titles.
At about this time every year, media strategists start to contemplate what the fast approaching New Year might bring. There's always endless speculation about which trends will continue, and which mediums will finally gain the traction they've long been promising. This year is no exception. Talk to 10 of your peers and you're likely to get 10 different opinions on what will be big in 2010, but you can be certain they'll all incorporate at least a few of the following digital media predictions.
Apple reportedly plans to postpone the launch of its tablet PC from an original March launch schedule to the second half of 2010, as the vendor has decided to switch some components and plans to launch a model using a 9.7-inch OLED panel from LG Display, according to sources from component makers.
Time magazine's website is bidding for a bigger piece of geeky audiences and technology advertisers today by moving its 3-year-old Nerd World blog out of Time.com, adding additional technology coverage and renaming it Techland.
A year after making widespread cuts at Mansueto Ventures, owner Joe Mansueto is pumping money into flagship Fast Company. With the February issue, Fast Company will get fresh typefaces designed to give it a greater sense of urgency. The magazine hired three new Web editors to build out the site’s design and technology channels while putting more focus on aggregating news from elsewhere.
From C-Level executives operating on the front lines to the media merchant bankers who broker the big deals, this annual list is a guide to the major players in the world of business media. In addition to the traditional overview, this year's list includes an in-depth look at 10 newsmakers with notable achievements over the course of last year.
Brand management firm Iconix Brand Group and a group led by Jim Griffiths, Playboy's former entertainment president, are both in talks to acquire "gentlemen's" entertainment company Playboy Enterprises Inc. and take it private for more than $300 million, according to a person familiar with the situation.
Forbes Media has acquired FlipGloss and its Digital Glossy Insert photo publishing platform for an undisclosed amount. FlipGloss was fully funded by Forbes Media but was previously not considered a subsidiary of the media group. Founded by former Yahoo! digital music executives, FlipGloss has a host of prominent advisors, including Marc Bodnick from Elevation Partners, former Forbes publisher Jim Berrian, and the founders of Launch.com, Dave Goldberg and Bob Roback.
Condé Nast’s ad-page numbers are in for its 2009 issues, helping shed light on why the company made sharp cuts this fall.
The company’s ad pages at monthly magazines have declined by almost a third since last year, with the company losing 8,359 ad pages this year, according to estimates it released Wednesday. Condé Nast began cost-cutting this fall, closing Gourmet, Modern Bride, Elegant Bride and Cookie.
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 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 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.
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.
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.
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.
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.
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.
Condé Nast Publications Inc. aims to continue adding more magazine titles in China, already a top-five global market for the U.S. publisher, the head of its international arm said.
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.