Magazines

Meredith Corp. To Sell 'Time' Magazine To Salesforce Founder For $190 Million
September 17, 2018 at 11:01 am

Meredith Corp. said Sunday it has reached a "definitive agreement" to sell Time magazine to Salesforce founder and tech billionaire Marc Benioff and his wife Lynne Benioff for $190 million. The deal, first reported by The Wall Street Journal, comes almost eight months after Meredith finalized its purchase of Time Inc. In a press release, the Iowa-based publisher of magazines such…

Meredith Axes 200 Employees, Combines Food Magazines
September 14, 2018 at 9:18 am

Magazine giant Meredith swung the ax again on Wednesday, lopping about 200 jobs and merging its Cooking Light title into EatingWell and chopping the frequency of Coastal Living to a newsstand-only quarterly. Cooking Light will live on as a website and will publish six newsstand-only print editions a year. Sid Evans, who was editing both…

How the Magazine Industry’s Identity Crisis Is Playing Out on Its Front Page
September 7, 2018 at 10:56 am

Vogue’s September issue is fabled in the magazine world. Advertisers flock to it, an entire 2009 R.J. Culter documentary revolves around it, and high-profile celebrities vie to pose for it. Its annual debut has become a Groundhog Day–esque event among publishers, who measure its size and content-to-advertising ratio to evaluate the health of the industry.…

The Village Voice, New York's Counter-Culture Alt Weekly, Closing After 63 Years
September 5, 2018 at 9:34 am

The Village Voice, the famous New York-based alternative newspaper, has published its final story, according to its owner. The online destination will lay off half of its remaining staff of about 20 and will cease publishing on the web, a year after it stopped its print edition, the Wall Street Journal reported. The newspaper chronicled the city's…

A B2B Media CEO Charts Growth As He Cobbles Five Companies Into One
August 29, 2018 at 11:26 am

If you think running a B2B media company in 2018 is tough, try running five of them at the same time. With no direct prior experience running a media company. In a way, that's something like what David Shanker is doing, six months into his tenure as CEO of EnsembleIQ, the fast-growing Chicago-based business formed in the…

A-Rod May Be in the Hunt to Buy Sports Illustrated
August 29, 2018 at 11:23 am

Rumors were swirling this week that former Yankee slugger and steroid cheat Alex Rodriguez is in the hunt to buy Sports Illustrated. Ironically, it was an SI story back in 2009 that initially blew the lid off A-Rod’s steroid use in 2003 while he was…

Condé Nast’s Turnaround Plan Faces Hurdles
August 15, 2018 at 9:39 am

Condé Nast CEO Bob Sauerberg has given himself a five-year window to diversify the legacy magazine publisher’s revenues away from print advertising and put it on a path to profitability. Industry observers and former Condé executives think he has his work cut out for him. Sauerberg’s plans, approved by the Condé Nast board and unpacked…

New York Magazine is Officially for Sale
August 15, 2018 at 9:33 am

New York magazine has become the latest legacy title to hang out a “for sale” sign, and the guessing game has already begun to see who will make a run at it. Supermarket magnate John Catsimatidis and American Media Inc. CEO David Pecker are expected to…

2019 Print Forecast: Tight Paper Market Will Continue Squeezing Publishers
August 13, 2018 at 1:29 pm

At the beginning of next year, magazine publishers will be paying about 25% more for paper than they did just 18 months earlier -- assuming they can find any paper to buy. There are no signs that the scarce supply and rising prices afflicting all U.S. buyers of publication papers will abate in 2019. Magazine-quality…

Vanity Fair’s September Cover Sells Something. And Not Only What It Says.
August 13, 2018 at 1:04 pm

Let’s face it: Very few people really read a magazine’s cover credits, which is to say, the boxes of very small type inside the table of contents listing the team behind the image, the clothes worn and the cosmetics used. Sometimes, however, they contain nuggets of information that…