The financial woes of the U.S. Postal Service could soon rub off on the magazine, newspaper and direct mail industries, depending on the outcome of a meeting of the USPS board of governors in Washington on Thursday. Though the announced topics include "financial matters" and "pricing," businesses that depend on the mail are worried that the board will call for an "exigent" rate hike—an emergency measure that could raise some postal rates by as much as 10%.That would be on top of the annual increase that's capped by the consumer price index. Exigent pricing relief is allowed under extraordinary circumstances as part of the 2006 Postal Act, though the definition of "extraordinary" tends to be a subject of debate.In August, the USPS reported that its losses have totaled $3.9 billion so far in fiscal 2013, which ends Sept. 30. In 2012, the postal service lost a record $15.9 billion.The combined price increases could mean a total jump in rates of up to 13%, says Mary Berner, CEO of the Association for Magazine Media, which has joined with other groups as part of the Affordable Mail Alliance to fight the exigent rate hike."The whole system needs to be reformed," she said. "But to put in an emergency rate increase will do the complete opposite of what they hope it will do, which is to drive revenue. It'll end up decreasing revenue."Magazines spend $3 billion a year on postage, Ms. Berner said. A 13% increase could add close to $400 million in costs.Smaller magazine companies... Continue reading at 'Crains New York'
[ Crains New York | 2013-09-05 00:00:00 UTC ]
The $400 million in refunds due following Apple ebook price-fixing settlement will begin flowing into customer accounts on June 21—with refunds for New York Times bestsellers approaching $7 per purchase. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-06-20 00:00:00 UTC ]
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Following Edwards' departure, David Carey announces restructuring of Hearst Magazines to follow global strategy. The post Duncan Edwards Steps Down as CEO of Hearst Magazines International appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2016-06-15 00:00:00 UTC ]
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Süddeutsche Zeitung’s lawsuit is thrown out by court in latest blow to online newspapers hoping to halt spread of adblockingThe company behind the most popular adblocking software has fended off a fifth legal challenge in Germany.A Munich court has ruled against one of Germany’s biggest... Continue reading at The Guardian
[ The Guardian | 2016-03-30 00:00:00 UTC ]
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After four years of litigation, the Apple price-fixing case is over. But when can consumers expect to see the $400 million in refunds coming their way? Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-03-11 00:00:00 UTC ]
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Pow! Zap! Bam! DC Comics has won its crusade against Batmobile duplicates. The comic book publisher's legal battle with a Temecula mechanic over knockoffs of Batman's prized vehicle won't go before the Supreme Court. On Monday, the high court declined to hear an appeal of a lower court ruling... Continue reading at Los Angeles Times
[ Los Angeles Times | 2016-03-08 00:00:00 UTC ]
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"It's a great time to be marketed to as a woman," said Jonathan Adams, chief digital officer, Maxus Americas.If most women wouldn't measure an era in those terms, exactly, it's true that nearly every month publishers roll out a digital media product aimed at them and the marketers that sell to... Continue reading at Advertising Age
[ Advertising Age | 2016-02-22 00:00:00 UTC ]
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Hearst Magazines president David Carey says that the company will test out new print magazine concepts in 2016, and partner with "next-generation content creators and technology companies" to launch new editorial products and joint ventu ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2015-12-28 00:00:00 UTC ]
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Skyhorse Publishing has named Mark Gompertz group editorial director, effective November 9. Gompertz, who was most recently at Hearst Magazines, had a long tenure at Simon & Schuster. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-10-26 00:00:00 UTC ]
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A concert pianist wins a legal battle to publish a book giving detail of sexual abuse he experienced as a child. Continue reading at BBC News
[ BBC News | 2015-05-20 00:00:00 UTC ]
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Facebook launched its Instant Articles product with a select group of prestige publishers last week. Now, others, if they had any reservations before, are determined not to be left behind. Other big-name publishers including Time Inc., Hearst Magazines and CNN are expected to start publishing... Continue reading at Digiday
[ Digiday | 2015-05-18 00:00:00 UTC ]
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HarperCollins Australia has apologised to former Australian prime minister Paul Keating and agreed to pulp unsold copies of a book about him following a legal battle, according to the Australian press. Continue reading at The Bookseller
[ The Bookseller | 2015-05-12 00:00:00 UTC ]
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In this week's Digiday Podcast, Troy Young, president of digital media at Hearst Magazines, joined us to discuss how traditional media companies change -- and what will determine the winners in the fast-changing digital media market. "The whole publishing mechanism for digital is very different... Continue reading at Digiday
[ Digiday | 2015-04-24 00:00:00 UTC ]
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Watch highlights from the opening panel session at the Changing Media Summit 2015 Speaking at the Guardian Changing Media Summit 2015, a panel of leaders from Hearst Magazines, the Financial Times, Guardian News & Media, Johnston Press and FremantleMedia, describe how their businesses are... Continue reading at The Guardian
[ The Guardian | 2015-03-24 00:00:00 UTC ]
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n">Reuters) - Buyout firm Apollo Global Management LLC is in advanced talks to acquire most of the assets of Digital First Media, publisher of the Denver Post and San Jose Mercury News, for around $400 million, according to people familiar ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2015-03-17 00:00:00 UTC ]
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After suffering two major defeats in its legal battle with Google’s library scanning partners, the Authors Guild this week finally ended the litigation. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-01-08 00:00:00 UTC ]
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Kate Lewis is a print veteran, but she may be Hearst's savior in its bid to boost its digital business. The post This woman is Hearst Magazines’ secret digital weapon appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2014-11-17 00:00:00 UTC ]
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Stephen Lacy was named chairman of the board of directors for the MPA—The Association of Magazine Media on Wednesday. Lacy, chairman and CEO of Meredith Corp., takes over for Michael Clinton, president and director of marketing and publishing for Hearst Magazines, who'd served Continue reading at Folio Magazine
[ Folio Magazine | 2014-10-31 00:00:00 UTC ]
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Jennifer Hitzges has been named fashion director at Redbook. She was previously a celebrity stylist. Also, Petra Kobayashi has been named art director. She previously held the same role at SELF. Maura Fritz has been named editorial recruiter at Hearst Magazines. She was previously with... Continue reading at Folio Magazine
[ Folio Magazine | 2014-10-24 00:00:00 UTC ]
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Company magazine is to cease print publication. Its owner, Hearst Magazines, is to turn it into a digital-only publication from October 2014.The final print issue of the monthly magazine, which was launched in 1978, will go on sale on 5 September. Continue reading... Continue reading at The Guardian
[ The Guardian | 2014-08-13 00:00:00 UTC ]
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Apple has reached a settlement in a long-standing case that accused the company of fixing the price on ebooks, with the company paying up to $400 million, depending on the outcome of its appeal in the case, a law firm has announced. Apple would pay the $400 million in the class-action lawsuit if... Continue reading at PC World
[ PC World | 2014-07-16 00:00:00 UTC ]
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