Finance

WAN-IFRA Says That "Reluctance to Innovate" Is a Top Concern for News Execs
September 20, 2017 at 2:45 pm

 “What is the single most important risk to your news organizations’ future success?” The top answer, according to a new WAN-IFRA report that surveyed 235 news executives and other managers working in media across 68 countries, was “reluctance to innovate,” followed by concerns over finding new revenue streams and a sustainable business model. (Only 5…

Profits Drop at The Economist After 'Painful' Year
September 19, 2017 at 10:32 am

A dramatic decline in advertising revenue contributed to a “painful” year for The Economist as it suffered an 11% drop in profits despite raising subscription prices by 20%. In its annual report, the weekly magazine said nearly a fifth of sales came from advertising, compared with 23% in 2015 and 40% seven years earlier. Chris Stibbs,…

With Advertising and Circulation Dwindling, Diversification Is Continued Imperative for Mag Industry
September 1, 2017 at 2:00 pm

A study conducted by consulting firm PwC confirms what a many publishing leaders already know: As advertising and circulation revenues decline, diversification becomes a business imperative. “Advertising for print is down. Circulation is down. Revenues are projected to be flat,” says PwC partner Greg Boyer. “To make up for these declines, magazine publishers need to…

The Slippery Slope of the Oligarchy Media Model
August 25, 2017 at 2:31 pm

On July 28, Apple heiress Laurene Powell Jobs bought a majority stake in The Atlantic. It’s the latest media purchase by the billionaire class, a group that includes Amazon founder Jeff Bezos (the Washington Post), Boston Red Sox owner John Henry (the Boston Globe), billionaire Glen Taylor (the Minneapolis Star-Tribune) and casino magnate Sheldon Adelson (the Las Vegas Review-Journal).

Time Inc. Announces Second Quarter Operating Loss of $38 Million
August 8, 2017 at 2:42 pm

NEW YORK--(BUSINESS WIRE)-- Time Inc. (NYSE:TIME) reported financial results for its second quarter ended June 30, 2017. Time Inc. President and CEO Rich Battista said, “I am pleased with our second quarter Adjusted OIBDA of $88 million, which was roughly flat year-over-year. Our revenues continued to be impacted by disruption through the first half of 2017,…

Vultures Are Circling as Time Inc. Gasps
May 18, 2017 at 10:39 am

Walter Isaacson, the former managing editor of Time magazine, 1  proudly noted in 2013 that Time Inc. was early to the internet. He pointed out that even before the Netscape browser became available in the fall of 1994, back when Time Inc. was the country's most profitable magazine publisher, it was cutting deals with AOL…

Report: BuzzFeed Is Going Public in 2018
March 29, 2017 at 2:37 pm

Long-swirling rumors of an eventual IPO for BuzzFeed gained credence this morning when Axios' Mike Allen reported that the company is planning to go public sometime in 2018. In doing so, BuzzFeed would become the first digitally native news organization in its weight class (Vox Media, Vice, Gizmodo Media Group, Group Nine Media) to go…

Bustle Raises $12 Million to Power Political Reporting
March 28, 2017 at 2:17 pm

In digital media nowadays, politics is money. Bustle, a site targeted at young female readers, has raised $12 million to help hire a raft of political writers to capitalize on the passions surrounding the election of President Donald Trump and to finance a deeper push into medium-length and long-form video reporting. The Series D funding…

Press Release: Meredith Reports Record Fiscal 2017 2nd Quarter And First Half Results
January 26, 2017 at 2:28 pm

DES MOINES, Iowa, Jan. 25, 2017 /PRNewswire/ -- Meredith Corporation (NYSE:MDP; meredith.com) — the leading media and marketing company with local television brands in large, fast-growing markets and national brands serving more than 100 million American women — today reported record fiscal 2017 second quarter earnings of $1.58 per share, compared to $0.72 in the prior-year…

Why Talk of 
Transformation Is 
Often Short on Action
January 12, 2017 at 10:38 am

In September, Publishing Executive hosted FUSE: The Convergence of Technology & Media in Center City Philadelphia. It was the maiden voyage of an annual summit for executives leading digital technology strategy at top publishing and media companies. As you’d imagine, many of the conversations were based around disruptive technology in the industry and the need…