Hearst's Swartz Eyes B2B Media, Entertainment, for Growth

Hearst Corp. had record revenue and profits in 2013, when it marked the fourth year in a row of growth on both fronts since the 2008 recession, Steven Swartz said in a New Year’s letter to employees recapping the year he took over as chief executive. Swartz, formerly the head of Hearst’s newspaper division and the company’s chief operating officer, succeeded Frank Bennack Jr. last June, and his letter (full text here) going out today makes clear he plans to continue on the path set by his predecessor. Bennack led a dramatic diversification effort during his 30-year tenure, expanding the company beyond its newspaper roots into broadcasting and syndication and the less-glamorous but highly profitable business media. He didn’t ignore print, either; Hearst’s $900 million acquisition of Lagardère’s non-French titles in 2011 broadened its magazine footprint in the U.S. and abroad.  Nevertheless, Hearst has made a deliberate effort to diversify away from ad-based traditional media, with its recessionary swings, a shift that is likely to continue under Swartz. Today, about 60 percent of Hearst's revenue comes from non-advertising sources, including carriage fees for cable and TV stations; subscription revenues; and marketing services fees. The company is diversifying geographically, too; fully one-fifth of its revenue now comes from outside the U.S. "A hallmark of Frank’s tenure has been the continued allocation of capital to the sectors of the media and information landscape... Continue reading at 'AdWeek'

[ AdWeek | 2014-01-02 00:00:00 UTC ]
News tagged with: #financial services #digital revolution #digital studio #digital sites

Other Publishing stories related to: 'Hearst's Swartz Eyes B2B Media, Entertainment, for Growth'


Hearst Unveils Private Ad-Buying Marketplace for Its Magazine Websites

Another big magazine company is looking to ad tech to make its online ad inventory more valuable. Six months after Conde Nast launched a private ad marketplace to increase the sell-through of its online ad space without opening it up to public ad e ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2012-06-27 00:00:00 UTC ]
More news stories like this | News stories tagged with: #magazine websites #ad tech


Australian Billionaire Threatens to Dump Fairfax Media Stake

HONG KONG — The Australian mining billionaire Georgina Rinehart has threatened to sell her recently acquired 19 percent stake in Fairfax Media, sending shares in the Australian publisher tumbling on Tuesday. The announcement is the latest ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2012-06-26 00:00:00 UTC ]
More news stories like this | News stories tagged with: #fairfax media


Media Decoder Blog: From Penguin, a Plan to Make Its E-Books Available in New York City Libraries

The publisher, in conjunction with city libraries and 3M, will make its books available in e-format, though they will not be available immediately after release. Continue reading at The New York Times

[ The New York Times | 2012-06-21 00:00:00 UTC ]
More news stories like this |


Hearst Relaunches ‘Elle Accessories’ Title

In another hopeful sign that the magazine industry—or, at least, some segments of it—may be turning an important corner, Hearst’s Elle brand is preparing to relaunch an extension, Elle Accessories, to include a projected 200-page, oversized print edition published twice per year, along with a Continue reading at Folio Magazine

[ Folio Magazine | 2012-06-19 00:00:00 UTC ]
More news stories like this | News stories tagged with: #hopeful sign #elle brand


Media Decoder Blog: Pearl Buck Novels to Be Published as E-Books

Thirteen novels, including "The Good Earth,'' which won the Pulitzer Prize in 1932, will be published in ebook format by Open Road Integrated Media. Continue reading at The New York Times

[ The New York Times | 2012-06-18 00:00:00 UTC ]
More news stories like this | News stories tagged with: #pulitzer prize #ebook format


Fairfax to Cut 1,900 Jobs in Restructuring of Media Operations

The struggling conglomerate, which has a 30 percent market share in Australia, publishes The Sydney Morning Herald, the Australian Financial Review and The Age in Melbourne. Continue reading at The New York Times

[ The New York Times | 2012-06-18 00:00:00 UTC ]
More news stories like this |


Media Decoder Blog: After Long Resistance, Pynchon Allows Novels to Be Sold as E-Books

Thomas Pynchon, author of “Gravity’s Rainbow” and “The Crying of Lot 49,” characteristically declined to speak about his decision. Continue reading at The New York Times

[ The New York Times | 2012-06-13 00:00:00 UTC ]
More news stories like this | News stories tagged with: #thomas pynchon


Media Decoder Blog: Barnes & Noble Argues Book Settlement 'Punishes Consumers'

The bookseller also said that Justice officials did not take the company's objections seriously before the settlement, that they were only "checking the box." Continue reading at The New York Times

[ The New York Times | 2012-06-07 00:00:00 UTC ]
More news stories like this |


Self-publishing fuels growth of print books

The romance with the printed word shows no signs of abating. Despite the rapid growth in ebook sales in recent years, print book output in 2011 grew by 6%, to 347,178 titles, compared to the prior year. The preliminary numbers released Tuesday by bibliographic database Bowker are "the most... Continue reading at Crains New York

[ Crains New York | 2012-06-06 00:00:00 UTC ]
More news stories like this | News stories tagged with: #viable alternative #vice president #digital content


Layar Creator sees an interactive future for print media via augmented reality (video)

Heavy hitters across several industries have tried to find the perfect balance between the old and the new to breathe some life into what's been described as a dying medium. Layar "wants to make the world clickable" with its augmented reality software and doesn't plan on letting paper-based... Continue reading at Engadget

[ Engadget | 2012-06-06 00:00:00 UTC ]
More news stories like this | News stories tagged with: #digital world #mobile app #web app


Media Decoder Blog: Attacking Amazon, Authors Group Urges Opposition to E-Book Settlement

The Authors Guild is encouraging its 8,500 members to submit comments against the proposed settlement between the Department of Justice and three large publishers. The settlement, the guild argues, will only benefit Amazon. Continue reading at The New York Times

[ The New York Times | 2012-06-05 00:00:00 UTC ]
More news stories like this | News stories tagged with: #e-book settlement #proposed settlement #authors guild #large publishers


Media Decoder Blog: The Return of the Oprah's Book Club

After two years, Oprah Winfrey's highly influential book club is being revived, with "Wild," by Cheryl Strayed, as the first selection. Continue reading at The New York Times

[ The New York Times | 2012-06-02 00:00:00 UTC ]
More news stories like this | News stories tagged with: #oprah winfrey #book club #cheryl strayed


Media Decoder Blog: Rielle Hunter to Publish a Memoir This Month

Rielle Hunter, who had an affair with John Edwards and later gave birth to their daughter, has written a book titled "What Really Happened: John Edwards, Our Daughter and Me.'' Continue reading at The New York Times

[ The New York Times | 2012-06-02 00:00:00 UTC ]
More news stories like this | News stories tagged with: #john edwards #book titled


Hearst Magazines offloads Coast and Psychologies after seven years

Hearst Magazines UK is selling Coast and transferring its licence to publish Psychologies in the UK to Kelsey Publishing, the Kent-based publisher that acquired several IPC magazines in 2010. Continue reading at Media Week

[ Media Week | 2012-05-29 00:00:00 UTC ]
More news stories like this |


Total Media lands Random House and Transworld Publishers online accounts

Random House Children's Publishers UK and Transworld Publishers have appointed Total Media to handle their online media planning and buying. Continue reading at Media Week

[ Media Week | 2012-05-28 00:00:00 UTC ]
More news stories like this | News stories tagged with: #transworld publishers


'Robust' Bloomsbury looks to academic growth

Bloomsbury has announced an 11.5% rise in turnover to £103.2m (up from £92.6m in 2011... Continue reading at The Bookseller

[ The Bookseller | 2012-05-22 00:00:00 UTC ]
More news stories like this |


Media Decoder Blog: Foer Returns to New Republic as Editor

Two months after obtaining a majority stake in the magazine, Chris Hughes, a co-founder of Facebook, is bringing back Franklin Foer as part of an ambitious plan to remake the magazine. Continue reading at The New York Times

[ The New York Times | 2012-05-21 00:00:00 UTC ]
More news stories like this | News stories tagged with: #majority stake #chris hughes #ambitious plan


AIM Media Texas Announces Acquisition of Texas Newspapers from Freedom Communications

DALLAS, TX, May 18, 2012 – AIM Media Texas, LLC (“AIM” or the “Company”) announced today that it has reached agreement to acquire the Texas print and online newspaper publishing assets from Freedom Co ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2012-05-18 00:00:00 UTC ]
More news stories like this | News stories tagged with: #freedom communications #llc ldquo #announced today


Philipetti made culture minister as Hollande eyes VAT

Aurélie Philipetti has been appointed culture minister in the new French government formed... Continue reading at The Bookseller

[ The Bookseller | 2012-05-17 00:00:00 UTC ]
More news stories like this |


Hearst Hails the Age of the Tablet, Says Readers are Willing to Pay More for Tablet Editions

London, England – The World e-Reading Congress drew a number of influential speakers in London today, including Duncan Edwards, CEO of Hearst Magazines International, who highlighted the striking rise of tablet publishing. Hearst is ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2012-05-16 00:00:00 UTC ]
More news stories like this | News stories tagged with: #tablet editions