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 magazine and digital media business, known as its National Media Group, "significantly exceeded our expectations," in its fiscal Q2 (which ended on December 31), he said, driven by a second consecutive quarter of growth in its combined print and digital advertising business. While overall National Media Group revenue was down 3.1% compared to the same period last year, Meredith attributed those declines to numerous changes it made to its portfolio in recent months (outlined below), including the closure of Family Circle, which CFO Joe Ceryanec implied had been losing money but still had an impact on the group's top line revenue when it was shut down. Excluding these special items, Harty said, the National Media Group's operating profit was $92 million and adjusted EBITDA was $141 million, nothing that both figures were second-quarter records for the company. "If you look at calendar 2019 in its entirety, total comparable National Media Group advertising was up, meaning we achieved the inflection point of digital advertising revenue gains more than off-setting print advertising declines," he added. Harty summarized the changes the company has made to its magazine portfolio in greater... Continue reading at 'Folio Magazine'
[ Folio Magazine | 2020-02-06 19:40:45 UTC ]
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Last week, the Video Game History Foundation (VGHF) released a statement expressing its regret that the US Copyright Office’s refused to grant an exemption to the Digital Millennium Copyright Act (DMCA) to help preserve rare video games. However, the VGHF continued by saying it won’t back down... Continue reading at Engadget
[ Engadget | 2024-10-28 13:58:18 UTC ]
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Lack of time, difficulties with scientific rigour, an uninterested public … television meteorologists open up about why they’re so quiet about the reasons for extreme conditionsWhy do TV and radio forecasts rarely contextualise extreme weather events in terms of the climate crisis? After all,... Continue reading at The Guardian
[ The Guardian | 2024-10-25 14:00:08 UTC ]
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Meta has made it very clear to Australians that they do not value our journalism or our public interest mediaThe joint select committee on social media and Australian society tabled their interim report on Monday, recommending that the government explore alternative revenue mechanisms to... Continue reading at The Guardian
[ The Guardian | 2024-10-22 04:53:35 UTC ]
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A top chef has accused his longtime business partner of improperly funneling millions of dollars into side projects, including the revival of Williamsburg’s Kellogg’s Diner.Julian Medina says that Luis Skibar, who owns a fast-growing empire of Mexican-style eateries with Medina, has “unlawfully... Continue reading at Crains New York
[ Crains New York | 2024-10-15 17:41:30 UTC ]
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Filings show the now-defunct distributor still owes more than $316,000 to 163 publishers. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-10-11 04:00:00 UTC ]
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PW talks with the author of ‘Black Girls Breathing’ about how mindful breathing and other practices can help heal chronic stress and generational trauma. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-10-11 04:00:00 UTC ]
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PW talks with the author of ‘Black Girls Breathing’ about how mindful breathing and other practices can help heal chronic stress and generational trauma. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-10-11 04:00:00 UTC ]
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Maia Kobabe calls this graphic nonfiction book a "beautiful and compassionate primer" to trans histories. Continue reading at Book Riot
[ Book Riot | 2024-10-10 18:35:00 UTC ]
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After a day of celebration, the 250 booksellers attending Heartland Fall Forum focused on the business of bookselling, with a busy trade show followed by a day of education as veteran booksellers mixed with 114 first-time attendees. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-10-10 04:00:00 UTC ]
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Working with Squarespace, the famous artist designed a new template to showcase his artwork. And you can use it, too. For the first time ever, Jeff Koons’ entire catalog is on a website. The newly revamped jeffkoons.com presents over four decades of Koons’ artwork in a comprehensive digital... Continue reading at Fast Company
[ Fast Company | 2024-10-09 12:00:00 UTC ]
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Sales of print books were up 0.1% for the first nine months of 2024 at outlets that report to Circana BookScan, with titles by Colleen Hoover, Sarah J. Maas, and Rebecca Yarros dominating the top 10 list. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-10-09 04:00:00 UTC ]
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The sequel starring Joaquin Phoenix and Lady Gaga has proven to be both a critical disappointment and a box office one. Continue reading at Wired
[ Wired | 2024-10-07 16:43:09 UTC ]
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New releases in fiction, nonfiction and comics that caught our attention. This article originally appeared on Engadget at https://www.engadget.com/entertainment/history-of-overhyped-tech-charles-burns-final-cut-richard-powers-playground-163018545.html?src=rss Continue reading at Engadget
[ Engadget | 2024-09-28 16:30:18 UTC ]
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Blizzard is diving into the StarCraft shooter well once again, after two previous titles were canceled. This information comes from a forthcoming book about the developer by games journalist Jason Schreier and was discussed during a recent IGN podcast. This time around, veteran developer Dan Hay... Continue reading at Engadget
[ Engadget | 2024-09-27 15:39:50 UTC ]
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Fifteen years ago, Electric Literature started as a print and digital quarterly journal during the glory days of the print magazine era. Our very first issue surpassed 10,000 copies in sales, we were stocked in newsstands and bookstores, and as an e-book. We were one of the first to publish... Continue reading at Electric Literature
[ Electric Literature | 2024-09-27 11:10:00 UTC ]
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Time's chief operating officer took the stage at the Digiday Publishing Summit to share how he evaluates deals with AI companies. Continue reading at Digiday
[ Digiday | 2024-09-27 04:01:00 UTC ]
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Helped by the acquisition of 9 Story Media, sales rose 4% at Scholastic in the quarter ended August 31, 2024, and the publisher cut its operating loss. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-09-27 04:00:00 UTC ]
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The British author of dozens of literary works has denied the allegations that five women made against him on a podcast series. Continue reading at The New York Times
[ The New York Times | 2024-09-26 23:08:48 UTC ]
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It’s delightful, on the one hand, to have a feverish Book Event. I’m as excited as anyone that we’re doing midnight release parties for literary fiction in the year of our lord 2024. That said, we need to talk about the Rooneyverse. This week, we’re getting a novel—Intermezzo—from Sally Rooney,... Continue reading at Literrary Hub
[ Literrary Hub | 2024-09-23 13:55:56 UTC ]
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Old school newspaper hawkers will be handing out copies of the ‘Gotham Gazette,‘ a newspaper inspired by the new show ‘The Penguin.’ Given the semi-annual world-ending events and the bevy of unhinged, heavily costumed folks behind them, a comic book universe would be an objectively terrible... Continue reading at Fast Company
[ Fast Company | 2024-09-19 14:04:17 UTC ]
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