Magazines

Meredith Lay Offs Will Total 1800
March 23, 2018 at 11:39 am

There was a definite cold front moving into the New York area on Wednesday — straight outta Des Moines. Some employees of Meredith — who normally work in the publisher’s Manhattan offices but were toiling at home during a nor’easter that dumped 12 inches of snow on the metro area — were forced in the…

Meredith Corp. To Lay Off 200 To 300 Employees, Mostly From Former Time Inc.
March 21, 2018 at 9:05 am

Meredith Corp., which acquired Time Inc. in January for $1.85 billion, reportedly will lay off 200 to 300 staffers this coming week. The Wall Street Journal reports that the nation’s largest magazine publisher will make the cuts primarily in New York and former Time Inc. employees will be the ones to go. By getting rid of what…

Google News Initiative Announced to Fight Fake News and Support Journalism
March 21, 2018 at 8:00 am

Google is announcing new efforts today to support the media industry by fighting misinformation and bolstering journalism, which will live under a newly announced umbrella called the Google News Initiative. Google already offers something similar in Europe through the Digital News Initiative, but the Google News Initiative is intended…

A Heartland Company Leads the Media Race
March 16, 2018 at 12:24 pm

DES MOINES — Steve Lacy greeted me in his office as if we were old friends. A top executive at the Meredith Corporation, he was a main driver of the company’s $2.8 billion acquisition of Time Inc. last November. With that deal, the 116-year-old Meredith Corporation became the largest magazine publisher in America. When he…

Apple Acquires Digital Newsstand Texture
March 14, 2018 at 8:00 am

As the debate continues over fake news and the role that aggregators like Facebook have played in spreading it, Apple is making an acquisition that could help it lay out a position as a purveyor of trusted information. The iPhone maker is buying Texture, a magazine virtual newsstand that’s known as the “Netflix of magazine publishing”…

Press Release: New York, The New Yorker Lead Ellie Awards Pack
March 14, 2018 at 8:00 am

NEW YORK, NY (March 13, 2018)—The winners of the 2018 National Magazine Awards for Print and Digital Media were announced today at the Ellie Awards Annual Luncheon at Cipriani Wall Street in New York City. New York and The New Yorker both won three Ellies. GQ was the only other publication to receive more than…

SourceMedia Moves into Dynamic Native Ads
March 12, 2018 at 8:00 am

SourceMedia offers a variety of B2B publications, including American Banker, Accounting Today and Employee Benefit News. Today, the company is announcing it is moving away from static native ads for the online versions of those publications, and for elsewhere, as it launches three new ad types — two…

Jay Penske is the Media Tycoon Du Jour
March 7, 2018 at 9:43 am

It’s a familiar zombie story by now: struggling dead-tree publication gets sold to private-equity player or gray corporate entity known to manage for costs. Layoffs and cuts ensue as “efficiencies” are “realized.” The product lives on in revenant form, shambling into the digital future—but no one doubts its real life is firmly in the past.…

Meredith Warns PRC of Massive Magazine Cutbacks
March 5, 2018 at 10:55 am

A plan to jack up postal rates over the next five years would force the nation’s largest magazine publisher to slash its print offerings, according to the company’s CEO. Meredith Corporation would “pursue magazine closures, circulation cuts, issue frequency reductions, conversions to digital only formats and alternative delivery for some magazine subscription copies,” Tom Harty,…

The Atlantic Plans a Hiring Spree
February 23, 2018 at 1:53 pm

A media company is expanding its newsroom. You read that right. The Atlantic plans to add as many as 100 employees to its staff over the next 12 months, its president, Bob Cohn, told employees during a staff meeting on Wednesday. The hirings will represent a 30 percent increase in personnel at the publication, with…