Finance

Press Release: Active Interest Media Hires New CFO Michael Henry
January 9, 2017 at 2:12 pm

Boulder, CO (January 9, 2017) – Active Interest Media (aimmedia.com) announced today that Michael Henry has joined the company as Chief Financial Officer. Henry has 20 years of experience in media finance. Prior to joining AIM, Henry served as SVP of Finance and CFO at…

Inc. Magazine Celebrates a Most Profitable Year
December 13, 2016 at 1:49 pm

At Inc. magazine’s annual town hall meeting earlier this month, there was much for employees to cheer. Website traffic measured by comScore is up 110% from two years ago; the print audience tabulated by IPSOS has increased 9.1% since 2015; and much of the digital traffic growth has come from Europe, without regionally targeted advertising…

Time Inc. Said to Be Evaluating Takeover Interest, Partnerships
December 9, 2016 at 2:47 pm

After receiving an unsolicited takeover offer, magazine publisher Time Inc. has hired financial advisers to field potential bids for the company and investigate other strategic moves, according to a Wall Street Journal report. Shares of the company, which owns a number of landmark titles including People, Sports Illustrated, and Fortune, climbed as much as 9% Thursday…

Seeking a Competitive Edge, Publishers Rethink Integrated Print-Digital Staffs
December 5, 2016 at 2:54 pm

As print revenue continues to shrink, legacy publishers are facing the question (again) of how to deploy their (also shrinking) staffs. In the early days of the web, print publishers had digital operations that were separate from their print teams, and often considered second-class; understandable, considering most of their money was and is still being…

Press Release: Pageant Media Announces The Acquisition Of New Asset Management Business Information Brands
December 1, 2016 at 2:32 pm

December 1, 2017 -- Pageant Media, the business information specialist, today announces the acquisition of iiSearches; Foundation & Endowment Intelligence and Money Management Intelligence; market-leading information services which provide critical insight for asset managers who need to understand current investor activity. Pageant Media is one of the financial sector’s fastest growing providers of intelligence and…

How Publishers are Trying to Monetize Instagram
November 7, 2016 at 2:47 pm

As a platform, Instagram might not be ideally suited to serve publishers’ digital needs. But they’ve still figured out how to make money on it. In the past year, as their audiences on the platform have increased, scores of them have turned to tactics including product placement, Instagram star partnerships and even tools that help…

Time Inc. Revenue Falls; Digital Can’t Offset Print Declines
November 4, 2016 at 1:02 pm

Time Inc. reported a solid increase in digital ad sales for the third quarter but those gains were more than offset by continued declines in print, subscription and newsstand revenue. The magazine publisher also cut its already-reduced forecast for the year. It now expects revenue to be 1% lower to flat in 2016. Previously, Time…

Here's Why Gannett's Takeover Bid for Tronc Finally Collapsed
November 1, 2016 at 12:40 pm

Bankers came to realize that it didn’t make much financial sense. It may seem like Gannett’s attempt to acquire Tronc—the newspaper company formerly known as Tribune Publishing—has been going on forever, but that’s probably because it has died and been revived so many times it’s difficult to keep track. Now it appears to finally be deceased…

Press Release: Executive Leadership Shakeup Continues at Time Inc.
October 18, 2016 at 3:15 pm

(NEW YORK, NY, October 18, 2016)—Today, Time Inc. (NYSE: TIME) CEO Rich Battista announced a series of leadership and organizational changes. Jeff Bairstow, EVP and CFO, will depart the company after a transition. He will remain as EVP and CFO until November 7, 2016. Thereafter, he will stay on in an advisory capacity until March…

Condé Nast Hires AOL Sales Boss Jim Norton as Chief Business Officer
October 11, 2016 at 12:28 pm

Jim Norton is leaving his post as global head of media sales at Verizon’s AOL to join Conde Nast in the newly created position of chief business officer and president of revenue. At Conde Nast, Norton will oversee all revenue operations for the company’s 22 brands, reporting to president and CEO Bob Sauerberg. Norton will…