Meredith Claims Improved Ad Results, Strong Circ Business in Q3

Meredith Corp. execs touted what they saw as encouraging signs for both print and digital advertising as well as a significant uptick in consumer-driven revenue on an earnings call Friday reporting the company's performance in the third quarter of 2019 (Meredith's fiscal years start in July and end in June). On the print side, the combined Meredith/Time Inc. portfolio was down only 7% in advertising revenue, according to president and CEO Tom Harty, compared to double-digit losses in the preceding quarters, while digital advertising "was up a couple percentage points" on a comparable basis—meaning just looking at February and March year-over-year, as the Time Inc. acquisition wasn't completed until January 31, 2018. "We said we would improve the print advertising performance of the acquired Time Inc. properties to Meredith's historic levels over time, and we did," added National Media Group president Jon Werther, crediting the application of Meredith's standards and practices to the Time Inc. properties and further investment in sales and marketing teams for the improved results over previous quarters. Moreover, Werther said digital ad revenues on the same comparable basis increased year-over-year, "despite a challenging digital advertising environment," similarly citing the application of best practices in audience development and yield management across the portfolio, as well as a new unified CMS providing all of its brands access to "premium ad products." Meanwhile,... Continue reading at 'Folio Magazine'

[ Folio Magazine | 2019-05-14 16:48:23 UTC ]

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Understanding Time Inc.'s New Editorial Order

Storied magazine publisher Time Inc. surprised its editors on Thursday by assigning them to report to division presidents instead of an editorial executive, leading some to wonder whether business interests would now trump those of edit.Time Inc. CEO Joe Ripp said the restructuring will make the... Continue reading at Advertising Age

[ Advertising Age | 2013-11-02 00:00:00 UTC ]
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Time Inc. names Jeffrey Bairstow CFO

Time Inc. has named Jeffrey Bairstow as its new chief financial officer.The magazine publisher said Monday that Mr. Bairstow succeeds Howard Averill, who is transitioning into a new role as Executive Vice President and Chief Financial Officer of Time Warner. Mr. Bairstow is president of the... Continue reading at Crains New York

[ Crains New York | 2013-08-07 00:00:00 UTC ]
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Time Inc. Designer Neil Jamieson Leaves for Studio

Neil Jamieson, a Time Inc. vet and a big figure in the magazine design world, has left to join design studio Joe Zeff Design to be the studio's first creative director. Jamieson most recently was design director of Money, whose tablet edition was a National Magazine Award finalist this year. He... Continue reading at AdWeek

[ AdWeek | 2013-07-10 00:00:00 UTC ]
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Time Warner 1Q earnings climb

Earnings at Time Warner Inc. grew 24% in the first three months of the year despite a slight drop in revenue, as the company benefited from strength in its television networks.Time Warner Inc. said Wednesday that first-quarter net income was $720 million, or 75 cents per share, compared with... Continue reading at Crains New York

[ Crains New York | 2013-05-02 00:00:00 UTC ]
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Time Warner Considering Spinning Off Part Of Its Publishing Arm: Report

According to Fortune, the media giant is meeting with a reps from Meredith--but nothing's been confirmed. Could Time Warner be following in the steps of News Corp. and considering spinning off its publishing division? According to a report by Fortune (a Time Inc. publication), the media... Continue reading at Fast Company

[ Fast Company | 2013-02-14 00:00:00 UTC ]
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Time Inc. names Nelson editor in chief

Time Inc. has named Martha Nelson as editor-in-chief of the media company. The company said Tuesday that Ms. Nelson is the first woman in the company's 90-year history to hold the role. She has worked for Time Inc. for 20 years and has been editorial director since 2010. She will assume the top... Continue reading at Crains New York

[ Crains New York | 2012-12-19 00:00:00 UTC ]
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OFT delays Amazon/Book Depository decision

Written By: Graeme Neill Publication Date: Thu, 01/09/2011 - 15:20 The Office of Fair Trading (OFT) has pushed back its decision on whether to refer the Amazon takeover of The Book Depository to the Competition Commission. The decision was expected to be tomorrow (2nd September) after being... Continue reading at The Bookseller

[ The Bookseller | 2011-09-01 00:00:00 UTC ]
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Late Arrival of New Apple iPad?

The new iPad may be late to its own coming out party. Yuanta Securities Co. reports iPad manufacturer Hon Hai Precision Industry Co. is experiencing “production bottlenecks”. The shipment of the new version of the tablet might be pushed back from April to June. Continue reading at Folio Magazine

[ Folio Magazine | 2011-02-22 00:00:00 UTC ]
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