Finance

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…

Condé Nast Looks to Cut More Than $20M from its Budget
October 5, 2016 at 1:24 pm

Condé Nast is looking to trim $20 million to $30 million in annual costs, sources say, as the company braces for a long-rumored reorganization in the ranks. Budgets are due to be submitted Friday. They already contain cuts, but sources say that may only serve as a starting point for the next round of belt-tightening.…

The Evolution of the Paywall: From Blunt Instruments to Sophisticated, Creative Solutions
August 31, 2016 at 2:02 pm

Looking back to 2012 to 2014, paywalls were traditionally “one-size-fits-all” blunt instruments. They were like a toll road: You're driving down the road, you get stopped by a toll booth, you pay and keep going. Newspaper publishers were the first to deploy paid content and the industry was divided on which business model was better:…