Meredith plans to axe 1,200 jobs and sell Time, Fortune, Sports Illustrated

Meredith Corp., which bought Time Inc. and its stable of magazines in January, plans to sell flagship publication Time as well as Sports Illustrated, Fortune and Money after completing a review of the $1.8 billion deal.The company also intends to eliminate about 1,000 jobs over the next 10 months as it continues to integrate other Time publicationssuch as People, Entertainment Weekly and InStyleinto a lineup that includes Better Homes & Gardens and Family Circle, according to a statement Wednesday. The cuts would be on top of firing notices that have been given to 200 employees, the company said Wednesday.It previously had roughly 9,500 employees, including Time Inc. staffers. Continue reading at AdAge.com Continue reading at 'Advertising Age'

[ Advertising Age | 2018-03-22 00:00:00 UTC ]
News tagged with: #sports illustrated #meredith corp #bought time #entertainment weekly #homes gardens #family circle #including time

Other Publishing stories related to: 'Meredith plans to axe 1,200 jobs and sell Time, Fortune, Sports Illustrated'


Amazon US to axe 58 jobs from Createspace

Amazon US is reportedly cutting staff from the North Charleston office of Createspace, its print self-publishing platform, this summer. Continue reading at The Bookseller

[ The Bookseller | 2018-01-18 00:00:00 UTC ]
More news stories like this |


Time Inc. Sells Golf Magazine: Report | Industry Notes

Another magazine faces a freelancer crisis, how driverless cars could affect media consumption, and more... The post Time Inc. Sells Golf Magazine: Report | Industry Notes appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2017-12-15 00:00:00 UTC ]
More news stories like this | News stories tagged with: #post time #magazine faces


Meredith says Koch brothers will not have control after helping finance Time acquisition

Magazine publisher and broadcast company Meredith Corp. is acquiring Time Inc. in a deal valued at $2.8 billion as it seeks to adapt to the publishing industry’s challenge of migrating from print to the digital age. The Des Moines-based company said Sunday it would pay $18.50 a share for New... Continue reading at Los Angeles Times

[ Los Angeles Times | 2017-11-28 00:00:00 UTC ]
More news stories like this | News stories tagged with: #koch brothers #magazine publisher #deal valued #publishing industry #digital age #pay $18


Time Inc. and Meredith Merger Raises Important Questions for Magazine Media

Does a changing industry paradigm mean opportunity or peril for publishers? The post Time Inc. and Meredith Merger Raises Important Questions for Magazine Media appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2017-11-28 00:00:00 UTC ]
More news stories like this | News stories tagged with: #post time #magazine media


Meredith to buy Time Inc. for about $1.8 billion

Magazine and broadcasting company Meredith is buying magazine publisher Time for about $1.8 billion to bulk up on readers as the publishing industry navigates the difficult transition to digital from... To view the full story, click the title link. Continue reading at Crains New York

[ Crains New York | 2017-11-27 00:00:00 UTC ]
More news stories like this | News stories tagged with: #buy time


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... Continue reading at Advertising Age

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


Conservative billionaire Koch brothers give $650m to help Meredith buy Time

Texans will not get a say in editorial decisions, says Meredith, as it hails ‘transformative’ deal to merge magazine stablesMeredith Corporation has announced that it is buying the Time Inc publishing group in a “transformative” $1.8bn deal that joins two huge magazine companies. Meredith, which... Continue reading at The Guardian

[ The Guardian | 2017-11-27 00:00:00 UTC ]
More news stories like this | News stories tagged with: #homes gardens #family circle #koch brothers


Meredith Corp. to acquire Time Inc. for $2.8 billion

Magazine publisher and broadcast company Meredith Corp. said Sunday afternoon it will acquire Time Inc. in a deal valued at $2.8 billion, a further sign of the steep challenges facing the print magazine industry. The Des Moines, Iowa-based company said in a statement that it has agreed to pay... Continue reading at Los Angeles Times

[ Los Angeles Times | 2017-11-27 00:00:00 UTC ]
More news stories like this | News stories tagged with: #meredith corp #acquire time #magazine publisher #deal valued #des moines #iowa-based company #pay $18


Meredith to buy Time Inc. for upward of $2.8 billion in deal backed by Koch brothers

Time Inc., the steward of some of the country's most circulated and storied magazine brands, will be sold to the lifestyle-magazine publisher Meredith Corp., the companies announced Sunday. Meredith will pay $18.50 per share in the all-cash deal for a company that counts such titles as Time,... Continue reading at Baltimore Sun

[ Baltimore Sun | 2017-11-27 00:00:00 UTC ]
More news stories like this | News stories tagged with: #buy time #koch brothers #pay $18


Meredith Bid for Time Inc. Said to Be Backed by Koch Brothers

Earlier talks this year between Time Inc., the publisher of People and Sports Illustrated, and the Meredith Corporation fizzled out. Continue reading at The New York Times

[ The New York Times | 2017-11-16 00:00:00 UTC ]
More news stories like this | News stories tagged with: #koch brothers #sports illustrated


Your Thursday Wake-Up Call: Sports Illustrated's World Series Prophecy. Plus, WPP Takes Legal Action

Welcome to Ad Age's Wake-Up Call, our daily roundup of advertising, marketing, media and digital-related news. What people are talking about today: The Houston Astros won the World Series by beating the Los Angeles Dodgers 5-1 in Game 7. Sports Illustrated prophesied the Astros' win in a cover... Continue reading at Advertising Age

[ Advertising Age | 2017-11-02 00:00:00 UTC ]
More news stories like this | News stories tagged with: #sports illustrated #daily roundup #digital-related news #capitol hill


Good Gaul: Asterix illustration sells for record €1.4m in Paris

The drawing for Asterix and the Banquet, signed by its creators, was only expected to sell for between €180,000 and €200,000An original illustration for the cover of one of the early Asterix comic books has sold for a record €1.4m (£1.25m) at auction , more than seven times its expected price,... Continue reading at The Guardian

[ The Guardian | 2017-10-14 00:00:00 UTC ]
More news stories like this | News stories tagged with: #ren goscinny


New York Comic Con 2017 Sells Record 200,000 Tickets

New York Comic Con attracted a record crowd of 200,000 to the Javits Convention Center and a variety of venues around New York City, including the New York Public Library, for a week of presentations and events celebrating comics, graphic novels and a wide range of popular culture. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-10-12 00:00:00 UTC ]
More news stories like this | News stories tagged with: #record crowd #graphic novels #wide range #popular culture


Sylvia Plath's bikini shot: it's time to stop sexualising a serious author to sell books | Cathleen Allyn Conway

The UK cover of a new collection of letters is only the latest to show the acclaimed poet as blond, beaming and in a skimpy outfit. But presenting female writers as mere sex symbols diminishes their literary achievementsOn the US cover of Sylvia Plath’s Collected Letters, a volume out this week... Continue reading at The Guardian

[ The Guardian | 2017-09-28 00:00:00 UTC ]
More news stories like this | News stories tagged with: #uk edition


Behind The Athletic’s plans to grow local sports news subscriptions

The local sports news publisher would like to have 100,000 subscribers by year-end. The post Behind The Athletic’s plans to grow local sports news subscriptions appeared first on Digiday. Continue reading at Digiday

[ Digiday | 2017-08-29 00:00:00 UTC ]
More news stories like this |


Facebook Confirms Plan to Help Pubs Sell Subscriptions Through Instant Articles

And publishers get to keep all of the revenue, says Mark Zuckerberg. The post Facebook Confirms Plan to Help Pubs Sell Subscriptions Through Instant Articles appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2017-08-25 00:00:00 UTC ]
More news stories like this | News stories tagged with: #mark zuckerberg


Pearson to axe 3,000 jobs after slump at main US business

Cost-cutting move aims to save educational publisher around £300m a year with a 10% cut in global staff after biggest loss in history in 2016Pearson is to cut 3,000 jobs as the embattled company looks to slash costs after a slump at its US higher education business.The world’s largest education... Continue reading at The Guardian

[ The Guardian | 2017-08-04 00:00:00 UTC ]
More news stories like this | News stories tagged with: #profit warnings


Free events planned to celebrate Iranian illustrator

Indie children’s publisher Tiny Owl has announced two London events to celebrate illustrator Ehsan Abdollahi getting a visa.  Continue reading at The Bookseller

[ The Bookseller | 2017-08-03 00:00:00 UTC ]
More news stories like this | News stories tagged with: #indie children


Get 'The Essential Job Interview Handbook' ($8.50 value) FREE for a limited time

The Essential Job Interview Handbook will help job seekers prepare effectively for interviews and become familiar with different types of interview questions and styles of interviews. A unique feature of this book from Career Press is the multiple answers it provides for each question, rated... Continue reading at Betanews

[ Betanews | 2017-06-20 00:00:00 UTC ]
More news stories like this | News stories tagged with: #ll learn #designing ux #ebook $30


Magazine publisher Time Inc. cutting 300 jobs globally

Magazine publisher Time Inc. says it's cutting 300 jobs via buyouts and layoffs as it struggles to adjust to an increasingly digital world Continue reading at ABC News

[ ABC News | 2017-06-14 00:00:00 UTC ]
More news stories like this |