Meredith, Backed by the Koch Brothers, to Buy Time Inc.

Meredith Corp. has agreed to acquire Time Inc. for $2.8 billion including debt, swallowing the once-mighty home of Fortune and Sports Illustrated after the internet age wreaked havoc on even the most prestigious magazine titles.The $18.50-a-share offer is an all-cash one, Meredith said in a statement Sunday. The deal gives Meredith, publisher of Better Homes & Gardens, a larger audience at a time when publishers need to get bigger to compete with Facebook and Google in advertising. The acquisition also gives the billionaire Koch brothers, Charles and David, who agreed to support Meredith's offer with an equity injection of $650 million, a foothold in the struggling magazine industry.Koch Equity Development, the brothers' investment arm, won't have a seat on Meredith's board or have influence on its editorial or managerial operations, according to the statement. Continue reading at AdAge.com Continue reading at 'Advertising Age'

[ Advertising Age | 2017-11-27 00:00:00 UTC ]
News tagged with: #acquire time #sports illustrated #homes gardens #larger audience #$650 million

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Rise of 'hybrid authors' as writers buy back their rights

The “rise of the hybrid author” was discussed at London Book Fair, with the prediction that writers will increasingly buy back rights to their own books from publishers. Continue reading at The Bookseller

[ The Bookseller | 2021-06-24 22:00:58 UTC ]
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Why I Went Into Debt to Buy Back the Rights for Two of My Books

Yesterday, I attended a virtual book club where Heavy: An American Memoir was being read. When I clicked the link to join the Zoom, I saw the faces, necks, and shoulders of seven beautiful pixelated Black women from as far west as Las Vegas and as far east as Long Island. I assumed from their... Continue reading at Literrary Hub

[ Literrary Hub | 2020-11-10 09:49:30 UTC ]
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Just in time for an updated ‘West Side Story,’ a look back at the 1961 classic

Richard Barrios’s new book delves into the history of the film adaptation that did boffo business and won multiple Oscars. Continue reading at The Washington Post

[ The Washington Post | 2020-07-29 13:56:23 UTC ]
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Meredith Brings Print Subscriptions Back to Traditional Home

A year after converting Traditional Home from a primarily advertising-funded model to a more consumer-driven, newsstand-only publication—and cutting its frequency, circulation and most of its editorial staff in the process—Meredith Corp. announced Monday that it is once again selling... Continue reading at Folio Magazine

[ Folio Magazine | 2020-07-20 19:24:27 UTC ]
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Meredith Brings Print Subscriptions Back to Traditional Home

The shift follows a now-familiar strategy for Meredith, emphasizing higher-priced, consumer-driven print products as ad revenues decline. The post Meredith Brings Print Subscriptions Back to Traditional Home appeared first on Eddie & Ozzie Awards. Continue reading at Folio Magazine

[ Folio Magazine | 2020-07-20 19:24:27 UTC ]
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Vigliano Buys Back His Agency

David Vigliano has bought back the assets of his eponymous literary agency from Y Entertainment Group. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-22 04:00:00 UTC ]
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Fundraiser Buys City Lights Time to Plan

San Francisco's City Lights raised nearly half a million dollars on GoFundMe. The money was necessary to cover short term costs and buy time to form a viable strategic and succession plan for the future. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-14 04:00:00 UTC ]
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Los Angeles Times Book Club is back, virtually, with L.A. noir authors

Join author Steph Cha and Joe Ide for a streaming conversation about new L.A. noir. The March 30 event will be live. Continue reading at Los Angeles Times

[ Los Angeles Times | 2020-03-25 19:15:02 UTC ]
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Amazon's Kindle and Kindle Paperwhite drop back to all-time low prices

Amazon's latest Kindle and Kindle Paperwhite are back down to their lowest prices since Black Friday. The newest Kindle Paperwhite is now $85, instead of the usual $130, while the latest standard Kindle is $60, instead of the usual list price of $90.... Continue reading at Engadget

[ Engadget | 2020-03-02 13:55:00 UTC ]
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AT&T boosts spending on R&D after four years of declines amid Time Warner buy, investments

AT&T Inc. managed something it hasn’t since 2014: An increase in spending on research and development. The Dallas telecommunications and now media company increased in investment in R&D last year by about $80 million to $1.28 billion, an increase of about 7 percent, it said in its... Continue reading at Silicon Valley Business Journal

[ Silicon Valley Business Journal | 2020-02-25 16:16:46 UTC ]
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AT&T boosts spending on R&D after four years of declines amid Time Warner buy, investments

[ Silicon Valley Business Journal | 2020-02-24 22:58:29 UTC ]
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The Graveyard Talks Back: Arundhati Roy on Fiction in the Time of Fake News

Below is the text of the 2020 Clark Lecture in English Literature instituted by Trinity College, Cambridge. * Thank you for inviting me to deliver this, the Clark Lecture, now in its 152nd year. When I received the invitation, I scrolled down the list of previous speakers, the many “Sirs” and... Continue reading at Literrary Hub

[ Literrary Hub | 2020-02-12 09:49:50 UTC ]
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Meredith Claims “Strongest Competitive Position in History” After Time Inc. Merger

President and CEO Tom Harty opened Meredith Corp.'s quarterly earnings call Thursday morning by declaring the integration of the now two-year-old Time Inc. acquisition "largely complete," leaving the company in "the strongest competitive position in its history." Performance in Meredith's... Continue reading at Folio Magazine

[ Folio Magazine | 2020-02-06 19:40:45 UTC ]
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Meredith Brings Subscriptions Back to Coastal Living, Citing “Resounding Success” on Newsstands

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[ Folio Magazine | 2019-11-19 18:04:17 UTC ]
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Meredith Sells Money Magazine Brand, Nearly Two Years After Time Inc. Merger

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[ Folio Magazine | 2019-10-22 16:06:17 UTC ]
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It's a Great Time to Buy a Kindle (and 10 More Tech Deals)

Amazon is clearing out Kindles, and there are some deep discounts on some iPhone alternatives this weekend. Continue reading at Wired

[ Wired | 2019-09-21 11:00:00 UTC ]
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Meredith’s Time-Management Problem: The Largest Magazine Publisher Has Some Explaining To Do

Tom Harty sounds like a guy who thought he’d bought a shiny new car, only to find out the engine had been removed right before he wrote the check. And who then failed to report the theft to his insurance company in a timely manner. Earlier this month, the Meredith CEO made some revealing... Continue reading at Publishing Executive

[ Publishing Executive | 2019-09-16 13:41:06 UTC ]
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NBA dials back late starting times to help boost East Coast ratings

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[ Advertising Age | 2019-08-13 10:00:00 UTC ]
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Industry Notes: Europa Buys ‘Shadowplay’ US rights; S&S UK Hires Back Clare Hey

An Atlantic crossing for Joseph O'Connor's 'Shadowplay' from Europa Editions, and a boomerang career move for publishing director Clare Hey in London. The post Industry Notes: Europa Buys ‘Shadowplay’ US rights; S&S UK Hires Back Clare Hey appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2019-08-09 01:30:08 UTC ]
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