Completing a two-year-long divestment process, Rogers Media, once far and away Canada's largest magazine publisher, will soon pull out of the print media business entirely. The company has reached an agreement to sell all five of its remaining magazines—including 114-year-old news magazine Maclean's and both the English- and French-language editions of Chatelaine—to St. Joseph Communications, the Ontario-based publisher of Toronto Life and Fashion magazines, among others, the two sides revealed in a joint announcement Wednesday. Terms of the deal, expected to close in April, were not disclosed. Other properties headed to St. Joseph in the sale are Today's Parent and Hello! Canada magazines, digital-only Flare and Canadian Business, and Rogers Media's custom content division. Citing a need to "keep pace with the changes our audiences are demanding," (essentially, more digital media and streaming video), Rogers first began to pull back on its print magazine business in late 2016 when it sold its trade publications to Chicago-based B2B firm EnsembleIQ, instituted sweeping cuts at its remaining magazines and then sold French-language title L'Actualité to Québécois entrepreneur Alexandre Taillefer. The announcement Wednesday indicated that all current staffers at the magazines involved in the sale will be "offered employment" at St. Joseph, but didn't provide specifics other than that the magazines will continue to be published as usual. “It was vitally important to us to find... Continue reading at 'Folio Magazine'
[ Folio Magazine | 2019-03-21 00:00:00 UTC ]
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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Martha Stewart Living Omnimedia's choice of former metals-industry executive Daniel Dienst to lead the company meant going outside the media business for a manager with operational experience -- one who can hopefully reshape the unprofitable company.Mr. Dienst, the former CEO of scrap-metal... Continue reading at Advertising Age
[ Advertising Age | 2013-10-29 00:00:00 UTC ]
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Yet another sign that the media world marches toward digital is at Rodale. In a move to expand the healthy lifestyle publisher's mobile commerce, big data and social technologies, it has hired Condé Nast executive Bobby Chowdhury as its first ever chief technology officer.Mr. Chowdhury, 51, has... Continue reading at Crains New York
[ Crains New York | 2013-01-23 00:00:00 UTC ]
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Organic growth will be the primary driver of the media business over the next 12 to 24 months, according to nearly 500 executives in the information, marketing services and technology sectors, according to the first annual Media Growth survey from investment banker The Jordan, Edmiston Group and... Continue reading at Folio Magazine
[ Folio Magazine | 2011-01-24 00:00:00 UTC ]
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